Varun Beverages shares in focus on expansion plans, strong Q3 earnings. Should you buy, sell or hold?

Varun Beverages reported an 18.5% YoY rise in Q3 CY2025 profit to Rs 745 crore, supported by lower finance costs and higher other income, even as margins softened. The company also announced a strategic global expansion, entering the alcoholic beverages market in Africa through a Carlsberg partnership and setting up a new subsidiary in Kenya.