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Varun Beverages Ltd

Varun Beverages Ltd

VBL Share Price

NSE
451.401.97% (-9.05)
High
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Returns
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With a market cap of ₹1,52,667 cr, stock is ranked 59

Stock is 2.37x as volatile as Nifty

VBL Stock Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹1,52,667 cr, stock is ranked 59

Stock is 2.37x as volatile as Nifty

VBL Performance & Key Metrics

VBL Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
50.289.120.11%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
34.228.331.78%

VBL Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
85%
Analysts have suggested that investors can buy this stock

from 26 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

VBL Company Profile

Varun Beverages Ltd is a franchisee bottler of carbonated soft drinks and non-carbonated beverages sold under trademarks owned by PepsiCo. The Company produces and distributes products, such as Pepsi, Diet Pepsi and Seven-Up.

Investor Presentation

View older View older 

Feb 3, 2026

PDF
View Older Presentations
PE Ratio
17.18
17.18
1Y Return
2.35%
2.35%
Buy Reco %
0.00
0.00
PE Ratio
30.14
30.14
1Y Return
54.36%
54.36%
Buy Reco %
0.00
0.00
Compare with Peers

VBL Sentiment Analysis

VBL Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

VBL Stock Summary · February 2026

In the recent earnings call, management highlighted a robust financial performance for CY 2025, marked by an 8.4% revenue growth and a 16.2% increase in profit after tax, despite challenges such as weather disruptions in India and rising employee costs due to new labor codes. The company is strategically pivoting towards healthier beverage options, with low and no-sugar products now comprising 59% of volumes, while also investing in CAPEX for expansion, including the acquisition of Twizza to enhance operational efficiency in South Africa. Although a significant gap exists between volume and sales growth, management remains optimistic about future performance, driven by favorable market conditions and ongoing international growth initiatives. The strong balance sheet, characterized by a net debt-free status in India and upgraded credit ratings, supports a proactive approach to capital allocation and strategic opportunities, positioning the company for sustainable long-term growth.

VBL Stock Growth Drivers
VBL Stock Growth Drivers
6
  • Strong Financial Performance

    The company reported significant financial achievements for the year ended December 31, 2025, including an

  • Successful Expansion and Acquisitions

    The company announced a proposed acquisition of Twizza in South Africa, which is expected to

VBL Stock Challenges
VBL Stock Challenges
4
  • Declining Gross Margins and Pricing Pressure

    The company has experienced a slight decline in gross margins, with a drop from 55.5%

  • Increased Employee Expenses

    There has been a significant year-over-year increase of 22% in employee benefit expenses in Q4,

VBL Forecast

VBL Forecasts

Price

Revenue

Earnings

VBL

VBL

Income

Balance Sheet

Cash Flow

VBL Income Statement

VBL Income Statement

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Quartersep 2023dec 2023mar 2024jun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025
Total Revenue3,889.022,677.014,325.677,240.894,828.933,733.435,594.997,094.535,044.684,303.53
Operating & Other expensessubtract2,988.802,249.403,328.715,206.183,653.663,109.514,303.555,019.793,750.953,567.75
Depreciation/Amortizationsubtract170.81165.97187.52242.48256.61260.78272.51306.15307.60330.20
Interest & Other Itemssubtract62.5073.6693.69129.16118.54109.0141.1236.5545.2146.69
Taxes & Other Itemssubtract165.8556.01178.48410.47180.5169.00251.32415.01199.72107.10
EPS1.540.411.663.861.910.562.153.892.190.74

VBL Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2026FY 2026

Annual Report Pending

Investor Presentation

Feb 3PDF
Oct 29PDF
Jul 29PDF
FY 2025FY 2025

Annual Report Unavailable

Investor Presentation

Apr 30PDF
Feb 10PDF
Oct 28PDF
Oct 22PDF
FY 2024FY 2024

Annual report

PDF

Investor Presentation

Aug 3PDF
FY 2023FY 2023

Annual report

PDF

Investor Presentation

May 2PDF
Feb 6PDF
FY 2022FY 2022

Annual report

PDF
FY 2021FY 2021

Annual report

PDF
FY 2020FY 2020

Annual report

PDF
FY 2019FY 2019

Annual report

PDF
FY 2018FY 2018

Annual report

PDF
FY 2017FY 2017

Annual report

PDF
FY 2016FY 2016

Annual report

PDF
 

VBL Stock Peers

VBL Past Performance & Peer Comparison

VBL Past Performance & Peer Comparison

Comparing 2 stocks from 
Consumer StaplesSoft Drinks

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Varun Beverages Ltd50.289.120.11%
Orient Beverages Ltd17.182.46
Velox Shipping and Logistics Ltd30.141.70

VBL Stock Price Comparison

Compare VBL with any stock or ETF
Compare VBL with any stock or ETF
VBL
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VBL Holdings

VBL Shareholdings

VBL Promoter Holdings Trend

VBL Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

VBL Institutional Holdings Trend

VBL Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Decreased Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has decreased by 1.63%

Tickertape Separator

VBL Shareholding Pattern

VBL Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding59.44%8.36%5.20%20.31%6.70%

Mar 2025

Jun 2025

Sep 2025

Dec 2025

VBL Shareholding History

VBL Shareholding History

NovDec '24MarJunSepDec '2525.24%25.26%22.98%21.85%21.93%20.31%

Mutual Funds Invested in VBL

Mutual Funds Invested in VBL

No mutual funds holding trends are available

Top 5 Mutual Funds holding Varun Beverages Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
0.7414%2.11%-0.01%16/49 (+3)
0.4448%1.66%0.08%11/103 (+1)
0.3759%1.45%-0.01%47/92 (+2)

Compare 3-month MF holding change on Screener

VBL Insider Trades & Bulk Stock Deals

VBL Insider Trades & Bulk Stock Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases containing VBL stock

smallcases containing VBL stock

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Varun Beverages Ltd

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The Great Indian Middle Class Theme

The Great Indian Middle Class Theme

Created by Windmill Capital

VBL's Wtg.
8.86%
8.86%
CAGR
11.50%
Rising Rural Demand Theme

Rising Rural Demand Theme

Created by Windmill Capital

VBL's Wtg.
9.52%
9.52%
CAGR
9.25%
FMCG Tracker

FMCG Tracker

Created by Windmill Capital

VBL's Wtg.
9.82%
9.82%
CAGR
8.48%

VBL Events

VBL Events

VBL Dividend Trend

No Trend In Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

VBL has shown inconsistent dividend trend over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.11%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹1.09 every year

Dividends

Corp. Actions

Announcements

Legal Orders

VBL Dividend Trend

No Trend In Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

VBL has shown inconsistent dividend trend over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.11%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹1.09 every year

VBL Upcoming Dividends

VBL Upcoming Dividends

No upcoming dividends are available

VBL Past Dividends

VBL Past Dividends

Cash Dividend

Ex DateEx DateAug 1, 2025

Interim 2
Interim 2 | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

Aug 1, 2025

Cash Dividend

Ex DateEx DateMay 7, 2025

Interim
Interim | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

May 7, 2025

Cash Dividend

Ex DateEx DateApr 4, 2025

Final
Final | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

Apr 4, 2025

Cash Dividend

Ex DateEx DateAug 9, 2024

Interim
Interim | Div/Share: ₹1.25

Dividend/Share

1.25

Ex DateEx Date

Aug 9, 2024

Cash Dividend

Ex DateEx DateApr 4, 2024

Final
Final | Div/Share: ₹1.25

Dividend/Share

1.25

Ex DateEx Date

Apr 4, 2024

VBL Stock News & Opinions

VBL Stock News & Opinions

Spotlight
Varun Beverages Ltd slips for fifth straight session

Varun Beverages Ltd dropped for a fifth straight session today. The stock is quoting at Rs 439.55, down 1.2% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.49% on the day, quoting at 25650.55. The Sensex is at 83387.46, down 0.51%.Varun Beverages Ltd has lost around 11.89% in last one month.Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has eased around 5.18% in last one month and is currently quoting at 50922.75, down 0.27% on the day. The volume in the stock stood at 52.38 lakh shares today, compared to the daily average of 65.06 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 440.5, down 1.41% on the day. Varun Beverages Ltd tumbled 22.7% in last one year as compared to a 8.67% rally in NIFTY and a 9.06% fall in the Nifty FMCG index.The PE of the stock is 56.24 based on TTM earnings ending December 25.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Varun Beverages schedules AGM

Varun Beverages announced that the 31th Annual General Meeting(AGM) of the company will be held on 1 April 2026.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Varun Beverages allots 1.05 lakh equity shares under ESOP

Varun Beverages has allotted 1,05,625 equity shares under ESOP on 03 February 2026. With this allotment, the paid up equity share capital has increased to 338,20,94,394 equity shares having face value of Rs. 2/- each.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Board of Varun Beverages recommends final dividend

Varun Beverages announced that the Board of Directors of the Company at its meeting held on 3 February 2026, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 25%) , subject to the approval of the shareholders.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Earnings
Varun Beverages consolidated net profit rises 35.99% in the December 2025 quarter

Net profit of Varun Beverages rose 35.99% to Rs 251.79 crore in the quarter ended December 2025 as against Rs 185.15 crore during the previous quarter ended December 2024. Sales rose 13.98% to Rs 4204.42 crore in the quarter ended December 2025 as against Rs 3688.79 crore during the previous quarter ended December 2024. For the full year,net profit rose 17.03% to Rs 3036.49 crore in the year ended December 2025 as against Rs 2594.63 crore during the previous year ended December 2024. Sales rose 8.39% to Rs 21685.38 crore in the year ended December 2025 as against Rs 20007.65 crore during the previous year ended December 2024. ParticularsQuarter EndedYear EndedDec. 2025Dec. 2024% Var.Dec. 2025Dec. 2024% Var. Sales4204.423688.79 14 21685.3820007.65 8 OPM %15.1415.70 -23.2623.54 - PBDT689.08514.92 34 5226.114380.48 19 PBT358.89254.14 41 4009.653433.09 17 NP251.79185.15 36 3036.492594.63 17 Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Varun Beverages to acquire minor stake in SPV for captive consumption of solar power

The board of Varun Beverages at its meeting held on 03 February 2026 has approved to upto 30% of equity share capital of FPEL HR2 Energy (a special purpose vehicle inter-alia engaged to generate & supply solar power to consumers in the state of Haryana) to obtain solar power for captive consumption.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
Varun Beverages surges after PAT rises to Rs 260 crore in Q4

Revenue from operations grew 14% YoY to Rs 4,204.42 crore in Q4 2025 as compared to Rs 3,688.79 crore in Q4 CY2024. Consolidated sales volume grew by 10.2% to 237.1 million cases from 215.1 million cases in Q4 CY2024. Sales volumes in India grew by 10.5%, and International markets grew by 10.0%. EBITDA increased by 10.2% to Rs 639.26 crore in Q4 2025 from Rs 579.97 crore in Q4 2024. Varun Beverages has recorded 16.2% increase in net profit to Rs 3,062.04 crore on an 8.4% rise in net revenue from operations to Rs 21,685.38 crore in CY2025 as compared with CY2024. Ravi Jaipuria, chairman, Varun Beverages, said: CY2025 was marked by steady execution, despite weather-related disruptions in India during the peak summer season. Volume growth in India was impacted during parts of the year due to unprecedented heavy rainfall throughout the year. However, performance improved meaningfully in Q4, with domestic volumes growing by 10.5%, reflecting the strength of our wide distribution network and strong brand portfolio. The greenfield plants and backward integration facilities commissioned during the year are progressively stabilising and are expected to support higher volumes and operating leverage in the upcoming season. Our international operations continued to scale well, led by Africa. International volumes grew by 10.0% in Q4, with South Africa delivering healthy volume growth, supported by expansion in general trade reach, addition of visi-coolers and continued progress on backward integration and capacity enhancement, strengthening supply chain efficiency and cost competitiveness. During the year, we announced the proposed acquisition of Twizza in South Africa subject to regulatory and other approvals. The company has 3 manufacturing facilities including backward integration which will significantly enhance our manufacturing footprint and route-to-market capabilities in Africa's largest soft drinks market, while offering meaningful synergies with our existing operations. We also continued to expand our product portfolio and categories. The snacks business in Morocco has ramped up well, distribution of snacks in Zimbabwe and Zambia is gaining traction. Varun Beverages is a key player in beverage industry and one of the largest franchisee of PepsiCo in the world (outside USA). The company produces and distributes a wide range of carbonated soft drinks (CSDs), as well as a large selection of non-carbonated beverages (NCBs), including packaged drinking water sold under trademarks owned by PepsiCo. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
Varun Beverages Ltd slips for fifth straight session

Varun Beverages Ltd is down for a fifth straight session today. The stock is quoting at Rs 464.75, down 0.49% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.73% on the day, quoting at 25232.6. The Sensex is at 82000.06, down 0.69%.Varun Beverages Ltd has lost around 5.12% in last one month.Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has eased around 8.53% in last one month and is currently quoting at 50523.9, up 0.44% on the day. The volume in the stock stood at 32.28 lakh shares today, compared to the daily average of 47.93 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 467.45, down 0.55% on the day. Varun Beverages Ltd tumbled 13.41% in last one year as compared to a 7.33% rally in NIFTY and a 10.49% fall in the Nifty FMCG index.The PE of the stock is 60.28 based on TTM earnings ending September 25.Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Corporate
Varun Beverages to conduct board meeting

Varun Beverages will hold a meeting of the Board of Directors of the Company on 3 February 2026.Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Corporate
Varun Beverages receives ESG rating of 64

Varun Beverages announced that NSE Sustainability Ratings & Analytics Limited, has voluntarily assigned an ESG rating of '64' based on data pertaining to FY 2025.Powered by Capital Market - Live

2 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of Varun Beverages Ltd (VBL) today?

    The share price of VBL as on 27th February 2026 is ₹451.40. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Varun Beverages Ltd (VBL) share?

    The past returns of Varun Beverages Ltd (VBL) share are
    • Past 1 week: -0.12%
    • Past 1 month: -4.48%
    • Past 3 months: -3.40%
    • Past 6 months: -9.30%
    • Past 1 year: 0.69%
    • Past 3 years: 75.38%
    • Past 5 years: 385.95%

  3. What are the peers or stocks similar to Varun Beverages Ltd (VBL)?

    The peers or stocks similar to Varun Beverages Ltd (VBL) include:

  4. What is the dividend yield % of Varun Beverages Ltd (VBL) share?

    The current dividend yield of Varun Beverages Ltd (VBL) is 0.11.

  5. What is the market cap of Varun Beverages Ltd (VBL) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Varun Beverages Ltd (VBL) is ₹152667.74 Cr as of 27th February 2026.

  6. What is the 52 week high and low of Varun Beverages Ltd (VBL) share?

    The 52-week high of Varun Beverages Ltd (VBL) is ₹568.50 and the 52-week low is ₹419.55.

  7. What is the PE and PB ratio of Varun Beverages Ltd (VBL) stock?

    The P/E (price-to-earnings) ratio of Varun Beverages Ltd (VBL) is 50.28. The P/B (price-to-book) ratio is 9.12.

  8. Which sector does Varun Beverages Ltd (VBL) belong to?

    Varun Beverages Ltd (VBL) belongs to the Consumer Staples sector & Soft Drinks sub-sector.

  9. How to buy Varun Beverages Ltd (VBL) shares?

    You can directly buy Varun Beverages Ltd (VBL) shares on Tickertape. Simply sign up, connect your demat account and place your order.