Varun Beverages Limited Share Price & Analysis
₹521.9Updated 5 Jun 2026, 03:30 pm IST
LTP
₹521.9
—
Open
₹527.5
High
₹527.9
Low
₹518.3
Close
₹528.4
52W High
₹545
52W Low
₹381
Volume
3218K
Lot Size
1125
Sector
Fast Moving Consumer Goods
Market Cap
₹1.8L Cr
Face Value
₹2
Large CapNIFTY 100NIFTY 200NIFTY 500NEXT 50
Price Chart
Fundamentals
P/E
57.2
Sector P/E
39.4
P/B
9.01
EPS
₹9.4
ROE
16.2%
ROCE
19.7%
D/E Ratio
0.13
Div Yield
0.28%
Book Value
₹57.9
+
Strengths
- ✓Strong return on equity (ROE 16.2%)
- ✓Efficient capital deployment (ROCE 19.7%)
- ✓Low debt relative to equity (D/E 0.1x)
−
Concerns
- ✗High premium to book value (P/B 9x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HINDUNILVR Hindustan Unilever Limited | ₹2,121 | ₹4.9L Cr | 45 | 10.25 | 22.3 | 28.4 | 0.04 |
| ITC ITC Limited | ₹281 | ₹3.5L Cr | 17 | 4.85 | 29.3 | 38.9 | 0.01 |
| NESTLEIND Nestle India Limited | ₹1,391 | ₹2.7L Cr | 79.2 | 52.1 | 74.3 | 85.4 | 0.09 |
| BRITANNIA Britannia Industries Limited | ₹5,129 | ₹1.2L Cr | 48.7 | 24.19 | 53.6 | 56 | 0.59 |
| TATACONSUM TATA CONSUMER PRODUCTS LIMITED | ₹1,132 | ₹1.1L Cr | 74.4 | 5.14 | 7.35 | 9.24 | 0.13 |
| MARICO Marico Limited | ₹810 | ₹1.1L Cr | 59.7 | 25 | 43 | 47.2 | 0.14 |
| GODREJCP Godrej Consumer Products Limited | ₹995 | ₹1.0L Cr | 50.4 | 8.03 | 16.5 | 19.1 | 0.34 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
VBL · as of Mar 2026
Promoters60.23%▲0.03
FII22.98%▼2.29
DII9.19%▲2.19
Public7.59%▲0.07
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 63.09% | 62.91% | 62.67% | 62.67% | 60.20% | 60.23% |
| FII | 26.58% | 25.79% | 25.32% | 24.18% | 25.27% | 22.98% |
| DII | 3.58% | 4.16% | 4.54% | 4.97% | 7.00% | 9.19% |
| Public | 6.74% | 7.16% | 7.46% | 8.19% | 7.52% | 7.59% |
Corporate Events
Interim Dividend - Re 0.50 Per Share
Record: 30 Apr 2026
Dividend29 Apr 2026
Pursuant to the provisions of Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of the Company will be held on Monday, April 27, 2026 inter-alia to
Dividend26 Apr 2026
Dividend - Re 0.50 Per Share
Dividend7 Apr 2026
Interim Dividend - Re 0.50 Per Share
Record: 1 Aug 2025
Dividend31 Jul 2025
Interim Dividend - Re 0.50 Per Share
Dividend6 May 2025
Dividend - Re 0.50 Per Share
Dividend3 Apr 2025
Face Value Split (Sub-Division) - From Rs 5/- Per Share To Rs 2/- Per Share
Split11 Sept 2024
Interim Dividend - Rs 1.25 Per Sh
Dividend8 Aug 2024
Dividend - Rs 1.25 Per Share
Dividend3 Apr 2024
Annual General Meeting
AGM25 Mar 2024
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4.2K Cr ▼14.2% | ₹4.9K Cr ▼30.2% | ₹7.0K Cr ▲26.0% | ₹5.6K Cr ▲50.9% | ₹3.7K Cr ▼23.2% | ₹4.8K Cr ▼33.2% | ₹7.2K Cr ▲66.7% | ₹4.3K Cr |
| Op. Profit | ₹637 Cr ▼44.4% | ₹1.1K Cr ▼42.6% | ₹2.0K Cr ▲58.2% | ₹1.3K Cr ▲118.1% | ₹579 Cr ▼49.7% | ₹1.2K Cr ▼42.2% | ₹2.0K Cr ▲101.3% | ₹989 Cr |
| OPM | 15.0% ▼34.8% | 23.0% ▼17.9% | 28.0% ▲21.7% | 23.0% ▲43.8% | 16.0% ▼33.3% | 24.0% ▼14.3% | 28.0% ▲21.7% | 23.0% |
| Net Profit | ₹260 Cr ▼65.1% | ₹745 Cr ▼43.8% | ₹1.3K Cr ▲81.3% | ₹731 Cr ▲273.0% | ₹196 Cr ▼68.8% | ₹629 Cr ▼50.2% | ₹1.3K Cr ▲130.3% | ₹548 Cr |
| EPS (₹) | 0.74 ▼66.2% | 2.19 ▼43.7% | 3.89 ▲80.9% | 2.15 ▲290.9% | 0.55 ▼71.2% | 1.91 ▼50.5% | 3.86 ▲133.9% | 1.65 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹21.7K Cr ▲8.4% | ₹20.0K Cr ▲24.7% | ₹16.0K Cr ▲21.8% | ₹13.2K Cr ▲49.3% | ₹8.8K Cr ▲36.8% | ₹6.5K Cr ▼9.5% | ₹7.1K Cr ▲39.7% | ₹5.1K Cr ▲27.5% | ₹4.0K Cr ▲3.7% | ₹3.9K Cr |
| Expenses | ₹16.6K Cr ▲9.4% | ₹15.2K Cr ▲23.2% | ₹12.3K Cr ▲19.6% | ₹10.3K Cr ▲44.6% | ₹7.1K Cr ▲36.2% | ₹5.2K Cr ▼7.6% | ₹5.7K Cr ▲39.3% | ₹4.1K Cr ▲28.6% | ₹3.2K Cr ▲3.7% | ₹3.1K Cr |
| Op. Profit | ₹5.1K Cr ▲5.2% | ₹4.8K Cr ▲29.6% | ₹3.7K Cr ▲29.8% | ₹2.9K Cr ▲69.0% | ₹1.7K Cr ▲39.4% | ₹1.2K Cr ▼16.9% | ₹1.5K Cr ▲41.1% | ₹1.0K Cr ▲23.6% | ₹838 Cr ▲3.5% | ₹810 Cr |
| OPM | 23.0% ▼4.2% | 24.0% ▲4.3% | 23.0% ▲4.5% | 22.0% ▲15.8% | 19.0% ▲0.0% | 19.0% ▼9.5% | 21.0% ▲5.0% | 20.0% ▼4.8% | 21.0% ▲0.0% | 21.0% |
| Other Income | ₹352 Cr ▲682.2% | ₹45 Cr ▲1000.0% | ₹-5 Cr ▲72.2% | ₹-18 Cr ▼135.3% | ₹51 Cr ▲270.0% | ₹-30 Cr ▼163.8% | ₹47 Cr ▲683.3% | ₹6 Cr ▼57.1% | ₹14 Cr ▼48.1% | ₹27 Cr |
| Interest | ₹196 Cr ▼59.4% | ₹483 Cr ▲65.4% | ₹292 Cr ▲43.1% | ₹204 Cr ▼1.4% | ₹207 Cr ▼29.6% | ₹294 Cr ▼9.3% | ₹324 Cr ▲45.3% | ₹223 Cr ▲3.7% | ₹215 Cr ▼50.6% | ₹435 Cr |
| Depreciation | ₹1.2K Cr ▲28.4% | ₹947 Cr ▲39.1% | ₹681 Cr ▲10.4% | ₹617 Cr ▲16.2% | ₹531 Cr ▲0.4% | ₹529 Cr ▲8.2% | ₹489 Cr ▲27.0% | ₹385 Cr ▲11.0% | ₹347 Cr ▲7.8% | ₹322 Cr |
| PBT | ₹4.0K Cr ▲16.8% | ₹3.4K Cr ▲25.3% | ₹2.7K Cr ▲35.3% | ₹2.0K Cr ▲101.0% | ₹1.0K Cr ▲177.4% | ₹363 Cr ▼47.8% | ₹696 Cr ▲60.4% | ₹434 Cr ▲49.1% | ₹291 Cr ▲268.4% | ₹79 Cr |
| Tax % | 24.0% ▲4.3% | 23.0% ▲0.0% | 23.0% ▲0.0% | 23.0% ▼11.5% | 26.0% ▲2500.0% | 1.0% ▼96.9% | 32.0% ▲3.2% | 31.0% ▲19.2% | 26.0% ▼33.3% | 39.0% |
| Net Profit | ₹3.1K Cr ▲16.2% | ₹2.6K Cr ▲25.3% | ₹2.1K Cr ▲35.6% | ₹1.6K Cr ▲107.8% | ₹746 Cr ▲109.0% | ₹357 Cr ▼24.4% | ₹472 Cr ▲57.3% | ₹300 Cr ▲40.2% | ₹214 Cr ▲345.8% | ₹48 Cr |
| EPS (₹) | 8.98 ▲17.1% | 7.67 ▲21.2% | 6.33 ▲37.3% | 4.61 ▲115.4% | 2.14 ▲111.9% | 1.01 ▼29.9% | 1.44 ▲51.6% | 0.95 ▲39.7% | 0.68 ▲385.7% | 0.14 |
| Div Payout | 17.0% ▲30.8% | 13.0% ▼18.8% | 16.0% ▲6.7% | 15.0% ▼6.3% | 16.0% ▼27.3% | 22.0% ▲46.7% | 15.0% ▼6.3% | 16.0% ▼27.3% | 22.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹676 Cr ▲0.0% | ₹676 Cr ▲4.0% | ₹650 Cr ▲0.0% | ₹650 Cr ▲50.1% | ₹433 Cr ▲49.8% | ₹289 Cr ▲0.0% | ₹289 Cr ▲57.9% | ₹183 Cr ▲0.0% | ₹183 Cr ▲0.5% | ₹182 Cr |
| Reserves | ₹18.9K Cr ▲18.6% | ₹15.9K Cr ▲153.4% | ₹6.3K Cr ▲41.2% | ₹4.5K Cr ▲22.1% | ₹3.6K Cr ▲12.7% | ₹3.2K Cr ▲6.4% | ₹3.0K Cr ▲67.4% | ₹1.8K Cr ▲14.4% | ₹1.6K Cr ▲5.0% | ₹1.5K Cr |
| Borrowings | ₹2.5K Cr ▼11.3% | ₹2.8K Cr ▼48.0% | ₹5.4K Cr ▲39.8% | ₹3.9K Cr ▲14.7% | ₹3.4K Cr ▲5.3% | ₹3.2K Cr ▼5.9% | ₹3.4K Cr ▲21.7% | ₹2.8K Cr ▲5.8% | ₹2.7K Cr ▲19.8% | ₹2.2K Cr |
| Other Liabilities | ₹3.5K Cr ▼6.3% | ₹3.7K Cr ▲30.8% | ₹2.8K Cr ▲7.1% | ₹2.6K Cr ▲24.6% | ₹2.1K Cr ▲23.8% | ₹1.7K Cr ▲4.7% | ₹1.6K Cr ▲36.7% | ₹1.2K Cr ▲39.9% | ₹852 Cr ▼6.9% | ₹915 Cr |
| Total Liabilities | ₹25.5K Cr ▲10.5% | ₹23.1K Cr ▲52.3% | ₹15.2K Cr ▲30.7% | ₹11.6K Cr ▲21.3% | ₹9.6K Cr ▲13.4% | ₹8.4K Cr ▲0.8% | ₹8.4K Cr ▲39.6% | ₹6.0K Cr ▲13.7% | ₹5.3K Cr ▲9.4% | ₹4.8K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹16.8K Cr ▲25.0% | ₹13.4K Cr ▲59.4% | ₹8.4K Cr ▲21.3% | ₹6.9K Cr ▲9.8% | ₹6.3K Cr ▼1.5% | ₹6.4K Cr ▼1.1% | ₹6.5K Cr ▲47.7% | ₹4.4K Cr ▲10.2% | ₹4.0K Cr ▲7.1% | ₹3.7K Cr |
| CWIP | ₹271 Cr ▼76.8% | ₹1.2K Cr ▼39.3% | ₹1.9K Cr ▲216.6% | ₹607 Cr ▲22.1% | ₹497 Cr ▲641.8% | ₹67 Cr ▲4.7% | ₹64 Cr ▼81.8% | ₹352 Cr ▲142.8% | ₹145 Cr ▲51.0% | ₹96 Cr |
| Investments | ₹174 Cr ▲190.0% | ₹60 Cr ▲185.7% | ₹21 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr ▼100.0% | ₹11 Cr ▲37.5% | ₹8 Cr ▲14.3% | ₹7 Cr |
| Other Assets | ₹8.3K Cr ▼1.9% | ₹8.5K Cr ▲75.7% | ₹4.8K Cr ▲18.5% | ₹4.1K Cr ▲47.2% | ₹2.8K Cr ▲40.6% | ₹2.0K Cr ▲7.6% | ₹1.8K Cr ▲47.0% | ₹1.2K Cr ▲9.3% | ₹1.1K Cr ▲13.4% | ₹1.0K Cr |
| Total Assets | ₹25.5K Cr ▲10.5% | ₹23.1K Cr ▲52.3% | ₹15.2K Cr ▲30.7% | ₹11.6K Cr ▲21.3% | ₹9.6K Cr ▲13.4% | ₹8.4K Cr ▲0.8% | ₹8.4K Cr ▲39.6% | ₹6.0K Cr ▲13.7% | ₹5.3K Cr ▲9.4% | ₹4.8K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹3.5K Cr ▲3.8% | ₹3.4K Cr ▲41.4% | ₹2.4K Cr ▲33.6% | ₹1.8K Cr ▲45.4% | ₹1.2K Cr ▲21.6% | ₹1.0K Cr ▼22.6% | ₹1.3K Cr ▲30.8% | ₹1.0K Cr ▲61.3% | ₹620 Cr ▼24.9% | ₹826 Cr |
| Investing CF | ₹-2.7K Cr ▲36.8% | ₹-4.3K Cr ▼31.1% | ₹-3.3K Cr ▼85.9% | ₹-1.8K Cr ▼75.5% | ₹-1.0K Cr ▼113.6% | ₹-472 Cr ▲79.7% | ₹-2.3K Cr ▼147.6% | ₹-937 Cr ▼25.6% | ₹-746 Cr ▲28.8% | ₹-1.0K Cr |
| Financing CF | ₹-1.3K Cr ▼142.9% | ₹3.0K Cr ▲199.9% | ₹985 Cr ▲5572.2% | ₹-18 Cr ▲89.9% | ₹-178 Cr ▲69.0% | ₹-574 Cr ▼151.9% | ₹1.1K Cr ▲1417.9% | ₹-84 Cr ▼152.8% | ₹159 Cr ▼30.9% | ₹230 Cr |
| Net Cash Flow | ₹-482 Cr ▼123.8% | ₹2.0K Cr ▲2200.0% | ₹88 Cr ▲2100.0% | ₹4 Cr ▼91.3% | ₹46 Cr ▲239.4% | ₹-33 Cr ▼134.7% | ₹95 Cr ▲531.8% | ₹-22 Cr ▼168.8% | ₹32 Cr ▲300.0% | ₹8 Cr |
| Free Cash Flow | ₹797 Cr ▲322.0% | ₹-359 Cr ▲55.3% | ₹-803 Cr ▼2107.5% | ₹40 Cr ▼90.4% | ₹416 Cr ▼12.6% | ₹476 Cr ▼17.2% | ₹575 Cr ▲201.0% | ₹191 Cr ▲85.4% | ₹103 Cr ▲128.9% | ₹45 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 21d ▲40.0% | 15d ▲87.5% | 8d ▲0.0% | 8d ▼11.1% | 9d ▼35.7% | 14d ▲55.6% | 9d ▲0.0% | 9d ▼35.7% | 14d ▲16.7% | 12d |
| Inventory Days | 111d ▼2.6% | 114d ▲7.5% | 106d ▼8.6% | 116d ▼11.5% | 131d ▲6.5% | 123d ▲23.0% | 100d ▲6.4% | 94d ▲6.8% | 88d ▼14.6% | 103d |
| Days Payable | 53d ▼17.2% | 64d ▲73.0% | 37d ▼22.9% | 48d ▼25.0% | 64d ▼5.9% | 68d ▲25.9% | 54d ▲3.8% | 52d ▲36.8% | 38d ▼34.5% | 58d |
| Cash Conv. Cycle | 79d ▲19.7% | 66d ▼14.3% | 77d ▲1.3% | 76d ▲0.0% | 76d ▲10.1% | 69d ▲25.5% | 55d ▲5.8% | 52d ▼18.8% | 64d ▲10.3% | 58d |
| Working Capital Days | 31d ▲93.8% | 16d ▲277.8% | -9d ▲62.5% | -24d ▲29.4% | -34d ▲27.7% | -47d ▼27.0% | -37d ▲26.0% | -50d ▲23.1% | -65d ▲27.0% | -89d |
| ROCE | 20.0% ▼20.0% | 25.0% ▼13.8% | 29.0% ▲7.4% | 27.0% ▲58.8% | 17.0% ▲54.5% | 11.0% ▼38.9% | 18.0% ▲20.0% | 15.0% ▲25.0% | 12.0% ▼25.0% | 16.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Varun Beverages Limited
Varun Beverages Ltd has been associated with PepsiCo since the 1990s and is a key player in beverage industry and one of the largest franchisee of PepsiCo in the world. The company produces and distributes a wide range of carbonated soft drinks, non-carbonated drinks and packaged water sold under trademarks owned by PepsiCo. PepsiCo brands produced and sold by the company include Pepsi, Seven-up, Mirinda Orange, Mountain Dew, Tropicana Juices and many more. [1]
Fast Moving Consumer Goods · Beverages
Related Analysis
Frequently Asked Questions
What is Varun Beverages Limited share price today?▾
Varun Beverages Limited (VBL) is currently trading at ₹521.9 on NSE, as of the last market session. Prices update daily after market close on MarketNetra.
Is Varun Beverages Limited available in F&O (Futures & Options)?▾
Yes, Varun Beverages Limited (VBL) is part of the NSE F&O segment with a lot size of 1125 shares. Options are available with monthly expiry contracts. You can track the full option chain and OI analysis on MarketNetra.
What is Varun Beverages Limited 52-week high and low?▾
Varun Beverages Limited's 52-week high is ₹545 and the 52-week low is ₹381. The current price of ₹521.9 is 4.2% below the 52W high.
What is Varun Beverages Limited P/E ratio?▾
Varun Beverages Limited's current P/E ratio is 57.2. This indicates the market is paying ₹57.2 for every ₹1 of earnings. Compare this to the sector average to assess relative valuation.
How to trade Varun Beverages Limited options?▾
Varun Beverages Limited options are traded on NSE with monthly expiry contracts (lot size: 1125 shares). To trade VBL options: select your expiry on the option chain page, identify key OI strikes, check the PCR and buildup type on OI analysis, and review FII/DII flows for institutional sentiment before taking a position.