Varun Beverages shares fall over 4% as Q3 margin pressure weighs despite a 33% YoY revenue growth

Varun Beverages reported strong Q3 CY2026 revenue, profit and volume growth, but its shares fell as higher packaging costs weighed on margins. EBITDA margin declined 140 basis points year-on-year, while the company announced an interim dividend of Rs 0.50 per share.