‌

Actions

Action Type

‌
‌

AI Mode

Get instant AI-powered insights about company performance, financials, and strategy. Ask questions about trends, competition, and developments while receiving responses backed by official documents and market data, with clear attribution to source documents.

Ask AI

Overview

Detailed Summary

Varun Beverages Limited is a prominent beverage producer and distributor, and a key PepsiCo franchisee outside the U.S. Their portfolio includes a wide range of carbonated and non-carbonated beverages.
The company reported robust sales volume growth of 7.9% in 2025, driven by a strong distribution network and strategic geographic expansions yielding a commendable 8.4% increase in revenue and notable EBITDA growth despite climatic challenges.
Strategic expansion through acquisitions like Twizza along with distribution deals for snacks in Zimbabwe and Zambia underscores their ambitious growth trajectory in Africa, with prospects of significant scale and synergy exploitation.
Through substantial capital investments and acquiring new growth territories, Varun Beverages exemplifies robust operational expansion, seeing effective capacity increases and backward integration enhancing production efficiency.
An admirable focus on sustainability, through initiatives like leveraging renewable energy and enhancing recycling processes, demonstrates their commitment to reducing environmental impact alongside growth.

Sector: FMCG
Industry: Food - Processing - Others
Market Cap: 1,51,974 Cr
Volatility: Low Risk
P/E Ratio: 50.0
Industry P/E: 42.6
PEG Ratio: 2.9
P/B Ratio: 7.8
52W High: 568.50
52W Low: 419.40

Sales CAGR

1Y: 24.72%
3Y: 29.57%
5Y: 20.64%
10Y: 17.67%

Profit CAGR

1Y: 25.33%
3Y: 67.99%
5Y: 38.92%
10Y: 35.41%

ROE

TTM: 15.51%
3Y: 21.17%
5Y: 19.47%
10Y: 17.92%

ROCE

TTM: 18.92%
3Y: 24.40%
5Y: 21.92%
10Y: 19.88%

Technicals

‌

Forecasts

Unlock Premium Features

Analyst Target, Price, EPS and Revenue Projections

Upgrade

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
VBL	449.35	1,51,974 Cr	50.04	7.76	0.11	15.51	18.92	11.98
AVANTIFEED	1425.80	19,426 Cr	30.71	6.45	0.63	20.55	28.79	15.94
BIKAJI	644.30	16,027 Cr	64.69	10.69	0.16	14.21	16.12	10.88
ZYDUSWELL	406.00	12,925 Cr	53.70	2.27	0.30	4.94	3.85	2.10
GODREJAGRO	651.60	12,532 Cr	27.17	6.92	1.69	24.05	17.88	6.70
MANORAMA	1414.35	8,437 Cr	39.44	14.99	0.04	30.63	29.10	20.92
ORKLAINDIA	546.25	7,483 Cr	25.56	2.86	8.02	9.81	13.44	7.77

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

Ask AI

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	3,871	2,668	4,317	7,197	4,805	3,689	5,567	7,017	4,897	4,204
Expenses	2,988	2,249	3,329	5,206	3,654	3,109	4,303	5,019	3,749	3,565
Operating Profit	882	418	989	1,991	1,151	580	1,264	1,999	1,147	639
OPM %	22.79	15.68	22.90	27.67	23.96	15.72	22.70	28.48	23.43	15.20
Other Income	18	9.33	8.19	43	24	44	27	76	146	97
Interest	63	74	94	129	119	109	41	37	45	47
Depreciation	171	166	188	242	257	261	273	306	308	330
Profit Before Tax	667	188	716	1,663	800	254	978	1,732	941	359
Tax %	22.92	23.52	23.44	24.13	21.41	23.01	25.20	23.47	20.80	27.55
Net Profit	514	144	548	1,262	629	196	731	1,325	745	260
EPS in Rs	1.48	0.39	1.59	3.70	1.83	0.56	2.15	3.89	2.19	0.74

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	TTM
Sales	4,531	4,516	5,228	7,248	6,556	8,958	13,391	16,321	20,481	21,078
Expenses	3,065	3,168	4,099	5,682	5,248	7,169	10,385	12,433	15,297	16,084
Operating Profit	1,466	1,349	1,129	1,567	1,308	1,790	3,006	3,888	5,185	4,994
OPM %	32.36	29.86	21.60	21.61	19.94	19.98	22.45	23.82	25.31	23.69
Other Income	38	14	25	47	-30	68	39	79	120	172
Interest	433	212	213	310	281	185	186	268	450	305
Depreciation	322	347	385	489	529	531	617	681	947	1,096
Profit Before Tax	79	291	434	696	363	1,007	2,024	2,739	3,433	3,764
Tax %	39.45	26.43	30.87	32.18	1.44	25.88	23.40	23.27	23.27	23.45
Net Profit	48	214	300	472	357	746	1,550	2,102	2,634	2,881
EPS in Rs	—	—	—	—	—	—	—	—	—	8.97
Dividend Payout %	0.00	21.72	23.39	14.85	21.93	23.39	30.38	15.80	12.59	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Equity Capital	134	182	183	183	289	289	433	650	650	676
Reserves	91	1,511	1,587	1,816	3,040	3,235	3,647	4,453	6,287	15,934
Borrowings	2,282	1,629	2,045	2,358	2,823	2,693	3,387	3,884	5,431	2,826
Other Liabilities	1,930	1,508	1,469	1,675	2,237	2,241	2,115	2,632	2,819	3,708
Total Liabilities	4,437	4,831	5,284	6,031	8,388	8,458	9,582	11,618	15,187	23,144
Fixed Assets	3,496	3,715	3,981	4,387	6,479	6,409	6,311	6,932	8,409	13,402
CWIP	38	96	145	352	64	67	497	607	1,922	1,167
Investments	3.27	6.87	8.23	11	0.00	0.00	0.00	0.01	21	60
Other Assets	900	1,013	1,149	1,281	1,846	1,983	2,775	4,079	4,835	8,516
Total Assets	4,437	4,831	5,284	6,031	8,388	8,458	9,582	11,618	15,187	23,144

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operating Activity	555	826	620	1,000	1,308	1,012	1,231	1,790	2,391	3,381
Cash from Investing Activity	-300	-1,048	-745	-873	-2,319	-471	-1,011	-1,705	-3,290	-4,317
Cash from Financing Activity	-236	230	159	-84	1,107	-574	-178	-18	985	2,954
Net Cash Flow	19	8.21	33	42	96	-33	43	67	86	2,018

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Nov 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	63.62%	63.10%	63.09%	62.91%	62.66%	62.66%	60.20%	60.20%	60.23%	59.82%	59.44%	59.44%
FIIs	26.71%	27.55%	26.58%	25.78%	25.32%	24.18%	25.24%	25.26%	22.98%	21.85%	21.93%	20.31%
DIIs	3.16%	3.36%	3.59%	4.15%	4.55%	4.98%	6.49%	7.02%	9.21%	10.52%	11.79%	13.56%
Public	6.51%	6.00%	6.75%	7.16%	7.46%	8.18%	8.06%	7.52%	7.58%	7.80%	6.84%	6.70%
Total Shareholders	3,53,742	3,75,534	4,40,278	4,89,887	5,09,607	6,98,759	7,72,415	7,42,488	8,73,915	9,68,419	9,02,881	8,72,933

Market Transactions

Unlock Premium Features

Analyst Target, Price, EPS and Revenue Projections

Upgrade

Projection

Unlock Premium Features

Get In-depth insights on EPS and Revenue forecasts

Upgrade

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q3 FY26

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Investor Presentation

Q4 FY25

Available on Pro Plan

Unlock reports, presentations, and AI-powered insights.

Investor Presentation

Q3 FY25

Available on Pro Plan

Unlock reports, presentations, and AI-powered insights.

Investor Presentation

Q2 FY25

Available on Pro Plan

Unlock reports, presentations, and AI-powered insights.

Investor Presentation

Q1 FY25

Available on Pro Plan

Unlock reports, presentations, and AI-powered insights.

Investor Presentation

Q4 FY24

Showing 1 - 8 of 36

Actions

Action Type

‌
‌

Announcements

Last 7 days

Newest

Sentiment

Earnings Call Transcript

5 days ago

Varun Beverages Earnings Call Transcript

Varun Beverages Limited has released the transcript of their earnings conference call for Q4 and CY 2025, detailing financial results and operational highlights.

AI Mode

Ask AI

Frequently Asked Questions about Varun Beverages Ltd

Varun Beverages Ltd (VBL) is currently trading at 449.35 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

Varun Beverages Limited is a prominent beverage producer and distributor, and a key PepsiCo franchisee outside the U.S. Their portfolio includes a wide range of carbonated and non-carbonated beverages. The company reported robust sales volume growth of 7.9% in 2025, driven by a strong distribution network and strategic geographic expansions yielding a commendable 8.4% increase in revenue and notable EBITDA growth despite climatic challenges. Strategic expansion through acquisitions like Twizza along with distribution deals for snacks in Zimbabwe and Zambia underscores their ambitious growth trajectory in Africa, with prospects of significant scale and synergy exploitation. Through substantial capital investments and acquiring new growth territories, Varun Beverages exemplifies robust operational expansion, seeing effective capacity increases and backward integration enhancing production efficiency. An admirable focus on sustainability, through initiatives like leveraging renewable energy and enhancing recycling processes, demonstrates their commitment to reducing environmental impact alongside growth.

Over the past 52 weeks, Varun Beverages Ltd has traded between a low of ₹419.40 and a high of ₹568.50. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

Varun Beverages Ltd has a market capitalization of approximately 1,51,974.41. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

Varun Beverages Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 50.04 and operates in the FMCG sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 1,51,974.41 Cr, Varun Beverages Ltd is classified as a Large Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

Varun Beverages Ltd operates in the FMCG sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of Varun Beverages Ltd is 50.04. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

Varun Beverages reported an 18.5% year-on-year increase in Profit After Tax (PAT), reaching Rs 745.19 crore for the quarter ended September 2025.

VBL is showing a positive turnaround after rebounding from its 460 support zone and sustaining above its 100-day DMA. Momentum indicators like the RSI and a breakout above the Ichimoku Cloud further support a bullish outlook.

The budget proposes to change how excise duty is calculated on biogas-blended CNG, which could lower fuel costs for VBL's extensive delivery fleet, directly impacting its operational expenses.

Varun Beverages Ltd. (VBL), through its South African subsidiary Bevco, is acquiring 100% of Twizza Proprietary Limited, a South African non-alcoholic beverage company.

Varun Beverages Ltd

Actions

AI Mode

Ask AI

Utility

Company

Overview

Financial Ratios

Technicals

Forecasts

Unlock Premium Features

Upgrade

Peers

Price Chart Comparison

Financial Statements

AI Powered Summary

Ask AI

Consolidated Quarterly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

Consolidated Cash Flows (in ₹ Crores)

Shareholdings

Shareholding History

Market Transactions

Unlock Premium Features

Upgrade

Projection

Unlock Premium Features

Upgrade

Documents

Actions

Announcements

Varun Beverages Earnings Call Transcript

AI Mode

Ask AI

Frequently Asked Questions about Varun Beverages Ltd

What is Varun Beverages Ltd share price today?

What does Varun Beverages Ltd do?

What is the 52-week high and low of Varun Beverages Ltd?

What is the market capitalization of Varun Beverages Ltd?

Should I consider investing in Varun Beverages Ltd stock?

Is Varun Beverages Ltd a large-cap, mid-cap, or small-cap stock?

Which sector does Varun Beverages Ltd belong to and why does it matter?

What is the PE ratio of Varun Beverages Ltd?

What was the net profit growth for Varun Beverages in Q3 CY2025?

Why is Varun Beverages (VBL) considered a good buy post-budget?

How does Union Budget 2026 directly impact VBL's costs?

What is the Varun Beverages-Twizza deal?

Technicals

Documents

Oscillators

Neutral

Overall

Bearish

Moving Averages

Bearish

Overall

Bearish

Stock Summary and Key Metrics

Investment Checklist

Investment Checklist

Forecasts

Unlock Premium Features

Upgrade

Projection

Unlock Premium Features

Upgrade

Overview

Financial Ratios

Shareholdings

Shareholding History

Market Transactions

Unlock Premium Features

Upgrade

Financial Statements

AI Powered Summary

Ask AI

Consolidated Quarterly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)