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Varun Beverages Ltd

VBL Share Price

477.150.57% (-2.75)
High
Low
Returns
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5Y
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With a market cap of ₹1,62,301 cr, stock is ranked 55

Stock is 2.67x 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 ₹1,62,301 cr, stock is ranked 55

Stock is 2.67x as volatile as Nifty

VBL Performance & Key Metrics

VBL Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
54.659.700.21%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
36.808.971.68%

VBL Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
88%
Analysts have suggested that investors can buy this stock

from 25 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 

Oct 29, 2025

PDF
View Older Presentations
PE Ratio
12.90
12.90
1Y Return
41.48%
41.48%
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 · November 2025

In Q3 CY2025, the company reported a 2.4% increase in consolidated sales volume, driven by robust international performance, particularly in South Africa, while domestic challenges persisted due to adverse weather. Profit After Tax rose by 18.5%, bolstered by lower finance costs and increased other income, despite a slight decline in margins. Strategic expansion efforts include establishing a wholly-owned subsidiary in Kenya and testing new products in Africa, reflecting a commitment to diversifying offerings amid regulatory hurdles in the Indian AlcoBev market. While the domestic market remains crucial, management is optimistic about long-term growth opportunities in Africa, leveraging partnerships and operational advantages to enhance market presence.

VBL Stock Growth Drivers
VBL Stock Growth Drivers
7
  • Strong International Market Performance

    The company reported a consolidated sales volume increase of 2.4% for Q3 CY2025, driven by

  • Operational Efficiency and Backward Integration

    The company has implemented backward integration initiatives that have enhanced operational efficiency and resilience. These

VBL Stock Challenges
VBL Stock Challenges
3
  • Competitive Pricing Challenges

    The company faces significant pressure from competitors at the Rs. 10 price point, where aggressive

  • Subsidiary Profitability Issues

    While the company reports that all subsidiaries are profitable on a consolidated basis, there are

VBL Forecast

VBL Forecasts

Price

Revenue

Earnings

VBL

VBL

Income

Balance Sheet

Cash Flow

VBL Income Statement

VBL Income Statement

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue3,899.294,017.406,077.318,558.927,591.618,891.1613,211.9916,121.9420,128.9221,467.63
Raw Materialssubtract1,769.741,883.282,306.503,363.292,781.104,134.386,605.667,489.168,979.6616,183.80
Power & Fuel Costsubtract156.22160.04194.80279.06267.00329.93479.22550.29629.51
Employee Costsubtract421.03462.84582.95810.82889.741,007.701,216.641,446.591,885.03
Selling & Administrative Expensessubtract543.41526.261,693.102,370.752,091.991,366.621,795.942,254.412,921.18
Operating & Other expensessubtract172.61132.80258.29225.79376.84307.69269.61669.63850.20
Depreciation/Amortizationsubtract322.21346.64385.07488.63528.70531.26617.19680.91947.391,147.04
Interest & Other Itemssubtract434.74214.59222.80324.31293.74206.97204.09291.60482.86231.89
Taxes & Other Itemssubtract36.9680.81140.95227.3033.51312.55526.21683.44838.45935.05
EPS0.020.680.951.481.012.144.616.337.838.78
DPS0.000.150.150.220.220.330.701.001.001.50
Payout ratio0.000.220.160.150.220.160.150.160.130.17

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

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
Nov 1PDF
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 Ltd62.559.700.21%
Orient Beverages Ltd12.901.85
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

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 almost stayed constant

Tickertape Separator

VBL Shareholding Pattern

VBL Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding59.44%7.12%4.66%21.93%6.84%

Dec 2024

Mar 2025

Jun 2025

Sep 2025

VBL Shareholding History

VBL Shareholding History

SepNovDec '24MarJunSep24.18%25.24%25.26%22.98%21.85%21.93%

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)
0.4557%1.35%1.35%29/49 (+18)
0.3955%1.55%-0.07%15/101 (-3)
0.3613%1.42%-0.29%17/89 (-3)

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.
8.12%
8.12%
CAGR
8.37%
Rising Rural Demand Theme

Rising Rural Demand Theme

Created by Windmill Capital

VBL's Wtg.
7.08%
7.08%
CAGR
10.45%
FMCG Tracker

FMCG Tracker

Created by Windmill Capital

VBL's Wtg.
9.81%
9.81%
CAGR
6.99%

VBL Events

VBL Events

VBL Dividend Trend

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

VBL has increased or maintained dividend levels 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 0.21%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.08 every year

Dividends

Corp. Actions

Announcements

Legal Orders

VBL Dividend Trend

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

VBL has increased or maintained dividend levels 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 0.21%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.08 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 soars 0.27%, up for fifth straight session

Varun Beverages Ltd gained for a fifth straight session today. The stock is quoting at Rs 482.85, up 0.27% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.15% on the day, quoting at 26164.95. The Sensex is at 85592.35, down 0.13%. Varun Beverages Ltd has risen around 1.71% in last one month. Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has risen around 1.09% in last one month and is currently quoting at 55595.8, down 0.1% on the day. The volume in the stock stood at 21.39 lakh shares today, compared to the daily average of 56.26 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 484.8, down 0.02% on the day. Varun Beverages Ltd is down 23.63% in last one year as compared to a 7.78% spurt in NIFTY and a 4.1% spurt in the Nifty FMCG index.The PE of the stock is 62.05 based on TTM earnings ending September 25.Powered by Capital Market - Live

3 days agoCapital Market - Live
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 447.1, down 0.12% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.08% on the day, quoting at 26088.15. The Sensex is at 85340.46, up 0.13%.Varun Beverages Ltd has lost around 2.67% in last one month.Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has eased around 2.09% in last one month and is currently quoting at 55504.7, down 0.46% on the day. The volume in the stock stood at 18.81 lakh shares today, compared to the daily average of 81.43 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 447.4, up 0.04% on the day. Varun Beverages Ltd tumbled 25.62% in last one year as compared to a 7.7% rally in NIFTY and a 3.67% fall in the Nifty FMCG index.The PE of the stock is 57.67 based on TTM earnings ending September 25.Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
Varun Beverages spurts after Q3 results; to enter alcoholic drinks segment

The company's consolidated net profit rose 18.5% year-on-year to Rs 745.19 crore in Q3 calendar year (CY) 2025, compared with Rs 628.83 crore in Q3 CY2024, driven by lower finance costs, favourable currency movements in overseas markets, and higher other income. Revenue from operations (net of excise and GST) increased 1.9% YoY to Rs 4,896.65 crore from Rs 4,804.68 crore in Q3 CY2024. Consolidated sales volumes rose 2.4% to 273.8 million cases from 267.5 million cases a year earlier, despite persistent rainfall across India that weighed on domestic consumption. India volumes were largely flat, while international volumes grew 9%, led by a strong performance in South Africa. Net realization per case stood at Rs 178.8 versus Rs 179.6 in the same period last year, reflecting a higher mix of packaged drinking water in overseas markets. Product mix during the quarter consisted of 74% carbonated soft drinks (CSD), 4% non-carbonated beverages (NCB), and 22% packaged drinking water. EBITDA remained steady at Rs 1,147.38 crore compared with Rs 1,151.12 crore in Q3 CY2024. EBITDA margin stood at 23.4%, down 60 basis points from 24% a year earlier due to a shift in cost structure following the company's backward integration initiatives. Gross margin, however, improved by 119 basis points to 56.7%, supported by increased mix of water in International markets. Varun Beverages also announced a major diversification move into alcoholic beverages. Certain African subsidiaries of the company have entered into an exclusive distribution agreement with Carlsberg Breweries A/S to test-market the Carlsberg brand in their territories. Further, the company has amended its Memorandum of Association to include the manufacture and distribution of alcoholic beverages, including beer, wine, whisky, brandy, gin, rum, and vodka, in both India and international markets. The company said it aims to tap into the growing demand for ready-to-drink (RTD) and premium alcoholic beverages, which offer strong long-term growth potential. Ravi Jaipuria, chairman, Varun Beverages, said, While the extended monsoon season impacted consumption trends in India, we remain confident in the significant long-term potential of the domestic beverage industry. With low per capita consumption and rising penetration in semi-urban and rural markets, the opportunity for growth continues to be immense. Our ongoing investments in capacity expansion, distribution reach, and cold-chain infrastructure are further strengthening on-ground execution, ensuring we are well-prepared to capture demand recovery in the upcoming season and deliver sustainable growth for all stakeholders. Varun Beverages is 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

1 month agoCapital Market - Live
Earnings
Varun Beverages consolidated net profit rises 19.62% in the September 2025 quarter

Net profit of Varun Beverages rose 19.62% to Rs 741.19 crore in the quarter ended September 2025 as against Rs 619.61 crore during the previous quarter ended September 2024. Sales rose 1.91% to Rs 4896.65 crore in the quarter ended September 2025 as against Rs 4804.68 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales4896.654804.68 2 OPM %23.4023.96 - PBDT1248.511056.74 18 PBT940.91800.13 18 NP741.19619.61 20 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Varun Beverages to declare Quarterly Results

Varun Beverages will hold a meeting of the Board of Directors of the Company on 29 October 2025.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Varun Beverages Ltd rises for third straight session

Varun Beverages Ltd is up for a third straight session today. The stock is quoting at Rs 466.4, up 1.11% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.6% on the day, quoting at 25738.2. The Sensex is at 83911.27, up 0.53%. Varun Beverages Ltd has slipped around 1.51% in last one month. Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has slipped around 0.47% in last one month and is currently quoting at 55853.9, up 1.68% on the day. The volume in the stock stood at 32.62 lakh shares today, compared to the daily average of 43.47 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 463.8, up 0.42% on the day. Varun Beverages Ltd is down 20.78% in last one year as compared to a 3.56% jump in NIFTY and a 6.97% jump in the Nifty FMCG index.The PE of the stock is 61.42 based on TTM earnings ending June 25.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Varun Beverages allots 27,500 equity shares under ESOP

Varun Beverages has allotted 27,500 equity shares under ESOP on 09 October 2025. Consequent to the aforesaid allotment, the paid-up shares of the Company is increased from 338,19,61,269 equity shares to 338,19,88,769 equity shares having face value of Rs. 2/- each. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Varun Beverages Ltd eases for fifth straight session

Varun Beverages Ltd dropped for a fifth straight session today. The stock is quoting at Rs 447, down 1.07% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.54% on the day, quoting at 24755.4. The Sensex is at 80723.46, down 0.54%.Varun Beverages Ltd has eased around 10.19% in last one month.Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has eased around 1.21% in last one month and is currently quoting at 55108, down 0.3% on the day. The volume in the stock stood at 27.32 lakh shares today, compared to the daily average of 60.78 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 446.95, down 1.2% on the day. Varun Beverages Ltd tumbled 26.55% in last one year as compared to a 5.44% slide in NIFTY and a 16.56% fall in the Nifty FMCG index.The PE of the stock is 60.1 based on TTM earnings ending June 25.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Varun Beverages incorporates JV company - White Peak Refrigeration

Varun Beverages has incorporated a joint venture company in India i.e. White Peak Refrigeration, inter-alia to carry on the business of manufacturing of visi-coolers and other refrigeration equipments etc.Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Varun Beverages to acquire stake in renewable energy company

Varun Beverages approved to invest upto 26% of equity share capital of Jager Renewables Two (a special purpose vehicle inter-alia engaged to generate & supply solar power to consumers in the state of Rajasthan) to obtain solar power for captive consumption.Powered by Capital Market - Live

3 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 5th December 2025 is ₹477.15. 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: 2.36%
    • Past 1 month: 0.88%
    • Past 3 months: -1.96%
    • Past 6 months: 2.59%
    • Past 1 year: -22.46%
    • Past 3 years: 81.97%
    • Past 5 years: 546.24%

  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 0.21.

  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 ₹162301.64 Cr as of 5th December 2025.

  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 ₹663.60 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 62.55. The P/B (price-to-book) ratio is 9.70.

  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.