FUNDAMENTALS
EdgeFII/DII
VBLVarun Beverages
₹442.65+0.15%
Terminal
  • Overview
  • Price
  • Ratios
  • About
  • P&L
  • Balance
  • Cash flow
  • Holders
  • Actions
  • Peers
  • News
VBLNSE · EquityConsumer Food

Varun Beverages

ISIN
INE200M01039
Instrument key
NSE_EQ|INE200M01039
Open in terminal Fundamentals cached for 6 hours
Last traded price
₹442.65+0.65 · +0.15%
Day rangecircuit ₹427.80 – ₹454.20
439.00
442.90

as of 14/10/2026, 4:56:04 pm

Open
₹441.30
Day high
₹442.90
Day low
₹439.00
Prev. close
₹442.00
Volume
36.74 L
VWAP
₹440.86

On this page

Company

  • Overview
  • Price chart
  • Key ratios
  • About

Statements

  • Profit & loss
  • Balance sheet
  • Cash flow

Ownership

  • Shareholding
  • Corporate actions
  • Peers

Market

  • News

02/Price history

Price chart

5 years · weekly candles. Hover the chart for the OHLC of any candle; the table below holds the same data row by row.

1D1W1M6M
1Y
5Y
MAX
Change · 5Y
+269.10%
119.75 → 442.00
Period high
₹681.10
28/7/2024
Period low
₹107.85
24/10/2021
From high
-35.10%
+309.83% from low
Avg volume
3.07 Cr
804.55 Cr total
Volatility · ann.
32.6%
262 candles · 140 up / 120 down
11 Oct 2026O 441.00H 443.70L 433.30C 442.00Vol 65.91 L
SMA 20SMA 50Averages need 50 candles before they begin
Candle data262 rows of open, high, low, close and volumeShowHide
11 Oct 2026441.00443.70433.30442.00+0.23%10.4065.91 L
4 Oct 2026426.30444.05426.30441.00+3.45%17.751.98 Cr
27 Sept 2026433.00436.40415.35425.30-1.78%21.053.03 Cr
20 Sept 2026422.00438.60422.00434.80+3.03%16.602.47 Cr
13 Sept 2026417.50425.40407.15421.95+1.07%18.251.77 Cr
6 Sept 2026406.00417.15396.20416.50+2.59%20.953.75 Cr
30 Aug 2026413.85416.95400.45407.60-1.51%16.502.87 Cr
23 Aug 2026431.50447.90412.20414.00-4.06%35.706.42 Cr
16 Aug 2026435.10443.30430.10430.10-1.15%13.201.34 Cr
9 Aug 2026442.00450.50431.85435.00-1.58%18.651.40 Cr

Historical price and volume data · Showing 1–10 of 262

1 / 27

03/Valuation & returns

Key ratios vs sector

Company value benchmarked against the sector median. The ratio set is sector specific — banks report NIM, CASA and Net NPA instead of EV/EBITDA.

P/E

Price ÷ earnings per share

52.65
Company
52.65
Sector
15.73

Worse than sector by 235%

P/B

Price ÷ book value per share

8.59
Company
8.59
Sector
3.55

Worse than sector by 142%

ROA

Net income ÷ total assets

12.13%
Company
12.13%
Sector
6.41%

Better than sector by 89%

ROE

Net income ÷ shareholders' equity

15.51%
Company
15.51%
Sector
6.23%

Better than sector by 149%

ROCE

EBIT ÷ capital employed

19.85%
Company
19.85%
Sector
9.36%

Better than sector by 112%

Quick Ratio

Liquid assets ÷ current liabilities

1.21
Company
1.21
Sector
3.62

Worse than sector by 67%

EV/EBITDA

Enterprise value ÷ EBITDA

30.02
Company
30.02
Sector
-0.38

Worse than sector by 8000%

04/Business

About the company

Sector: Consumer Food

Varun Beverages Limited is an India-based company, which is a franchisee of PepsiCo. It produces and distributes a range of carbonated soft drinks (CSDs), as well as non-carbonated beverages (NCBs), including packaged drinking water sold under trademarks owned by PepsiCo. PepsiCo CSD brands produced and sold by the Company include Pepsi, Pepsi Black, Mountain Dew, Sting, Seven-Up, Mirinda Orange, Seven-Up Nimbooz Masala Soda and Evervess. PepsiCo NCB brands produced and sold by it include Tropicana Slice, Tropicana Juices (100% and Delight), Seven-Up Nimbooz, Gatorade as well as packaged drinking water under the brand Aquafina. It is also engaged in co-manufacturing of Kurkure puffcorn in India. It has approximately 36 manufacturing plants in India and over 12 manufacturing plants in international geographies. Its subsidiaries include Varun Beverages (Nepal) Private Limited, The Beverage Company Proprietary Limited, and Varun Beverages Lanka (Private) Limited, and others.

Sector market cap (INR)
₹1,49,405 Cr

reported in crore

Sector market cap (USD)
$16.60B

reported in billion

Market capitalisation is reported at the sector-constituent level, not the standalone company level.

05/Profit & loss

Consolidated income statement

Annual figures in ₹ crore. Growth marked reported is provided; margins are derived.

YearlyQuarterly
ConsolidatedStandalone
Revenue · Dec 2025
₹22,038 Cr
+9.48% vs Dec 2024
Net profit · Dec 2025
₹3,062 Cr
+16.24% vs Dec 2024
Operating margin
18.2%
was 17.1%
Revenue CAGR · 4p
18.6%
profit 25.5% · op 25.6%
Filed order
Revenue22,03820,12916,12213,212
Revenue growthreported9.5%24.9%22.0%—
Operating profit4,0103,4332,7392,024
Operating profit growthreported16.8%25.3%35.4%—
Operating marginderived18.2%17.1%17.0%15.3%
Net profit3,0622,6342,1021,550
Net profit growthreported16.2%25.3%35.6%—
Net marginderived13.9%13.1%13.0%11.7%
EPS — basic₹/share, annual8.987.9515.8311.53

Figures in ₹ crore. Margin rows are computed from the reported values.

06/Balance sheet

Consolidated balance sheet

Only annual balance sheets are available — the quarterly filter does not apply here. Figures in ₹ crore; net worth is assets minus liabilities.

ConsolidatedStandalone
Total assets · Dec 2025
₹25,565 Cr
+10.46% YoY
Total liabilities
₹5,824 Cr
Net worth
₹19,741 Cr
Liabilities ÷ assets
22.8%
lower means a lighter balance sheet
Filed order
Total assets25,56523,14415,18711,618
Total liabilities5,8246,4048,1036,403
Net worthderived19,74116,7407,0855,215
Liabilities ÷ assetsderived22.8%27.7%53.4%55.1%
Asset growthderived10.5%52.4%30.7%—

Figures in ₹ crore. Stacked chart height equals total assets.

Full annual line itemsNon-current & current assets, liabilities, equity capitalShowHide
Filed order
Non-Current Assets17,67615,28010,9528,214
Current Assets7,8897,8644,2363,404
Total Assets25,56523,14415,18711,618
Current Liabilities4,0744,5244,1533,969
Net Current Asset3,8153,34082-565
Non-Current Liabilities1,7501,8803,9492,434
Equity Capital19,74116,7407,0855,215
Total Equity & Liabilities25,56523,14415,18711,618

Figures in ₹ crore unless the line item is per-share.

07/Cash flow

Consolidated cash flow

Annual only, in ₹ crore. Negative values are outflows, so healthy companies usually show positive operating and negative investing cash flow.

ConsolidatedStandalone
Operating · Dec 2025
₹3,509 Cr
+3.79% YoY
Investing
-₹2,735 Cr
Financing
-₹1,266 Cr
Free cash flow
₹774 Cr
operating + investing
Filed order
Operating activities3,5093,3812,3911,790
Operating changereported3.8%41.4%33.6%—
Investing activities-2,735-4,317-3,290-1,705
Investing changereported36.6%-31.2%-93.0%—
Financing activities-1,2662,954985-18
Financing changereported-142.9%199.9%5590.0%—
Net cash flowderived-4922,0188667
Free cash flowoperating + investing774-936-89985

Figures in ₹ crore.

Full annual line itemsProfit before tax through closing cash balanceShowHide
Filed order
Profit before tax4,0163,4352,7402,024
Income before WC changes4,9694,7783,7322,749
Change in Assets-47-1,134-690-1,006
Change in Liabilities-52446517421
Change in WC-571-669-673-585
Cash flow from Operations3,5093,3812,3911,790
Cash flow from Investing-2,735-4,317-3,290-1,705
Cash flow from Financing-1,2662,954985-18
Total Cash Flow-4922,0188667
Cash (Start of the year)2,266242154151
Cash (End of the year)1,7842,266242154

Figures in ₹ crore unless the line item is per-share.

08/Ownership

Shareholding pattern

Percentage of total shares by holder category across the last 4 reported quarters. Sort any quarter column to rank holders by size.

Promoters
59.43%
0.00 pts QoQ
FII
17.53%
-1.50 pts QoQ
DII (other)
6.55%
+0.40 pts QoQ
Mutual funds
9.79%
+0.73 pts QoQ
Retail & others
6.70%
+0.37 pts QoQ
Filed order
Promoters59.4%59.4%59.4%59.4%
FII17.5%19.0%19.5%20.3%
DII (other)6.5%6.2%6.1%5.2%
Mutual funds9.8%9.1%8.3%8.4%
Retail & others6.7%6.3%6.7%6.7%
Promoters — QoQ changepts, derived0.0%-0.0%0.0%—
FII — QoQ changepts, derived-1.5%-0.5%-0.8%—
DII (other) — QoQ changepts, derived0.4%0.1%0.9%—
Mutual funds — QoQ changepts, derived0.7%0.8%-0.1%—
Retail & others — QoQ changepts, derived0.4%-0.3%-0.0%—
Totalderived100.0%100.0%100.0%100.0%

Values are percentages of total outstanding shares; QoQ rows are percentage-point moves.

09/Events

Corporate actions

Dividends, bonuses, splits and rights issues. Filter by type, sort by any date, and expand a row for the full event detail.

DividendInterim₹0.5025.0%31 Jul 202601 Aug 202628 Jul 2026
DividendInterim₹0.5025.0%30 Apr 202601 May 202627 Apr 2026
DividendFinal₹0.5025.0%08 Apr 202608 Apr 202603 Feb 2026

10/Comparison

Peers & competitors

Competitor set priced live. Filter by sector, sort any column, and expand a peer for its business description.

Sector
HINDUNILVRHindustan Unilever Ltd.Household Products₹1,895.50+1.07%36.47 L₹4,40,666 Cr$48.96B
ITCITC LtdTobacco₹261.50+0.19%1.93 Cr₹3,27,109 Cr$36.35B
NESTLEINDNestle India LimitedConsumer Food₹1,383.20+3.69%42.21 L₹2,56,659 Cr$28.52B
BRITANNIABritannia Industries LtdConsumer Food₹4,928.00+2.64%3.18 L₹1,15,665 Cr$12.85B
LENSKARTLenskart Solutions LtdFMCG₹656.95-0.05%39.52 L₹1,14,281 Cr$12.70B
MARICOMarico LimitedConsumer Food₹790.00+0.92%27.00 L₹1,01,741 Cr$11.30B
TATACONSUMTata Consumer Product LtdTea/Coffee₹987.90+2.91%30.52 L₹95,110 Cr$10.57B
GODREJCPGodrej Consumer ProductsHousehold Products₹871.30+0.29%12.27 L₹87,390 Cr$9.71B
DABURDabur India LtdHousehold Products₹388.40+2.55%22.73 L₹67,233 Cr$7.47B
CUPIDCupid LimitedHousehold Products₹354.60+0.42%1.10 Cr₹47,480 Cr$5.28B

Market cap is the sector-constituent figure reported per peer · Showing 1–10 of 10

1 / 1

11/Coverage

Company news

Articles published in the last seven days, paginated by the provider.

No news in the last seven days

Company news is available for a rolling one-week window.

Full annual line itemsRevenue, other income, expenses, tax, EPS
ShowHide
Filed order
Revenue21,68520,00816,04313,173
Other Income3521217939
Total Revenue22,03820,12916,12213,212
Total Expenses18,02216,69413,38211,188
Profit Before Tax4,0103,4332,7392,024
Tax948799638474
Profit After Tax3,0622,6342,1021,550
EPS - Basic8.987.9515.8311.53
EPS - Diluted8.987.9415.8211.52

This breakdown is available annually, even when the summary above is quarterly. EPS rows are per share.