Varun Beverages recorded a substantial net profit increase of 13.5% for the quarter ending September 2026. Although there was strong revenue growth attributed to both local and international sales, the company’s shares dropped because of shrinking operating margins. Challenges arose from heightened packaging costs and sugar price surges affecting gross margins. Additionally, Varun Beverages solidified its partnership with PepsiCo, extending their licensing agreement through 2049.
F&O Talk: Big break above 23,200 can open doors for 23,500 for Nifty; Sudeep Shah picks 6 stocks ahead of Diwali
Nifty could extend its recovery towards 23,500 if it decisively breaks above the 23,150–23,200 resistance zone, says SBI Securities’ Sudeep Shah. He also shares his
October 31, 2026