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Varun Beverages Ltd

VBL

Varun Beverages Ltd

VBL
Consumer StaplesSoft Drinks
LargecapWith a market cap of ₹2,18,223 cr, stock is ranked 39
Moderate RiskStock is 2.46x as volatile as Nifty
642.150.63% (-4.10)
642.150.63% (-4.10)

Price Chart

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SIP
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1D
1W
1M
1Y
5Y
Max
SIP
Consumer StaplesSoft Drinks
LargecapWith a market cap of ₹2,18,223 cr, stock is ranked 39
Moderate RiskStock is 2.46x as volatile as Nifty
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

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Consumer StaplesSoft Drinks
LargecapWith a market cap of ₹2,18,223 cr, stock is ranked 39
Moderate RiskStock is 2.46x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
85.8730.800.15%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
51.1810.161.47%

Forecast & Ratings

Detailed Forecast 
90%
Analysts have suggested that investors can buy this stock

from 20 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

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

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Oct 28, 2024

PDF
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

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Financial YearFY 2015FY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023TTM
Total Revenue3,441.593,899.294,017.406,077.318,558.927,591.618,891.1613,211.9916,121.9419,072.50
Raw Materialssubtract1,745.461,769.741,883.282,306.503,363.292,781.104,134.386,605.667,489.1614,437.95
Power & Fuel Costsubtract131.15156.22160.04194.80279.06267.00329.93479.22550.29
Employee Costsubtract323.75421.03462.84582.95810.82889.741,007.701,216.641,446.59
Selling & Administrative Expensessubtract425.70543.41526.261,693.102,370.752,091.991,366.621,795.942,254.41
Operating & Other expensessubtract137.37172.61132.80258.29225.79376.84307.69269.61669.63
Depreciation/Amortizationsubtract317.41322.21346.64385.07488.63528.70531.26617.19680.91852.58
Interest & Other Itemssubtract170.15434.74214.59222.80324.31293.74206.97204.09291.60415.05
Taxes & Other Itemssubtract77.5636.9680.81140.95227.3033.51312.55526.21683.44825.47
EPS0.030.020.680.951.481.012.144.616.337.82
DPS0.000.000.150.150.220.220.330.701.001.00
Payout ratio0.000.000.220.160.150.220.160.150.160.13

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

Apr 28PDF
Feb 3PDF
Feb 3PDF
FY 2023

Annual report

PDF

Investor Presentation

May 2PDF
Feb 6PDF
Nov 1PDF
Aug 1PDF
FY 2024

Annual Report Unavailable

Investor Presentation

Aug 3PDF
FY 2025

Annual Report Pending

Investor Presentation

Oct 28PDF
Oct 22PDF
 

Peers & Comparison

Comparing 2 stocks from 
Consumer StaplesSoft Drinks

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Varun Beverages Ltd106.1430.800.15%
Orient Beverages Ltd1,350.073.68—
Velox Shipping and Logistics Ltd75.351.80—

Price Comparison

Compare VBL with any stock or ETF
Compare VBL with any stock or ETF
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Shareholdings

Promoter Holdings Trend

Decreased 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 decreased by 2.46%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

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

Increased 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 increased by 1.06%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding60.20%3.75%2.74%25.24%8.06%

Mar 2024

Jun 2024

Sep 2024

Nov 2024

Shareholding History

SepDec '23MarJunSepNov27.55%26.58%25.78%25.32%24.18%25.24%

Mutual Funds Holding Trend

Increased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has increased by 1.12%

Top 5 Mutual Funds holding Varun Beverages Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Nippon India Growth Fund - Growth Option - Direct Plan

Growth
0.3584%2.26%0.57%9/103 (+4)
Tata Large & Mid Cap Fund - Growth - Direct Plan

Growth
0.1932%5.05%0.21%2/58 (0)
Axis Flexi Cap Fund - Growth - Direct Plan

Growth
0.1192%2.05%0.25%40/66 (-1)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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

smallcases

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

Events

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 0.15%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹1.49 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

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

Cash Dividend

Ex DateEx DateAug 14, 2023

Interim
Interim | Div/Share: ₹1.25

Dividend/Share

₹1.25

Ex DateEx Date

Aug 14, 2023

Cash Dividend

Ex DateEx DateApr 12, 2023

Final
Final | Div/Share: ₹1.00

Dividend/Share

₹1.00

Ex DateEx Date

Apr 12, 2023

Cash Dividend

Ex DateEx DateAug 11, 2022

Final
Final | Div/Share: ₹2.50

Dividend/Share

₹2.50

Ex DateEx Date

Aug 11, 2022

News & Opinions
Spotlight
Varun Beverages Ltd spurts 3.8%, up for third straight session

Varun Beverages Ltd rose for a third straight session today. The stock is quoting at Rs 633.05, up 3.8% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.25% on the day, quoting at 23745.85. The Sensex is at 78340.19, up 1.29%. Varun Beverages Ltd has added around 9.44% in last one month. Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has added around 5.68% in last one month and is currently quoting at 56314.35, up 0.96% on the day. The volume in the stock stood at 61.31 lakh shares today, compared to the daily average of 54.56 lakh shares in last one month.The PE of the stock is 88.84 based on TTM earnings ending September 24.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Varun Beverages launches QIP issue

Varun Beverages has launched a QIP issue on 13 November 2024 with floor price of Rs 594.56 per equity share. Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Spotlight
Varun Beverages rises on launching QIP with floor price of Rs 594.56/share

The floor price of Rs 594.56 is at a premium of 4.71% to the previous day's closing price of Rs 567.80 on the BSE. The company stated that it may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined by the company in consultation with the book running lead managers appointed for the issue. Varun Beverages is a key player in beverage industry and one of the largest franchisees of PepsiCo in the world (outside USA). As on date, VBL has been granted franchises for various PepsiCo products across 27 States and 7 Union Territories in India. VBL has also been granted the franchise for various PepsiCo products for the territories of Nepal, Sri Lanka, Morocco, Zambia and Zimbabwe. The company had reported 23.7% jump in consolidated net profit to Rs 619.61 crore on 24.1% rise in revenue from operations (excluding excise duty) to Rs 4,804.68 crore in Q3 CY25 over Q3 CY24.Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Spotlight
Varun Beverages Ltd down for fifth straight session

Varun Beverages Ltd is down for a fifth straight session today. The stock is quoting at Rs 573.95, down 1.77% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Varun Beverages Ltd has lost around 2.99% in last one month.Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has eased around 9.2% in last one month and is currently quoting at 56902.55, down 0.47% on the day. The volume in the stock stood at 41.18 lakh shares today, compared to the daily average of 49.15 lakh shares in last one month.The PE of the stock is 85.03 based on TTM earnings ending September 24.Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Corporate
Varun Beverages allots 48,000 equity shares under ESOS

Varun Beverages has allotted 48,000 equity shares under ESOS on 22 October 2024. Consequent to the aforesaid allotment, the paid-up shares of the Company is increased from 324,86,77,405 equity shares to 324,87,25,405 equity shares having face value of Rs. 2/- each. Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Varun Beverages consolidated net profit rises 23.66% in the September 2024 quarter

Net profit of Varun Beverages rose 23.66% to Rs 619.61 crore in the quarter ended September 2024 as against Rs 501.07 crore during the previous quarter ended September 2023. Sales rose 24.14% to Rs 4804.68 crore in the quarter ended September 2024 as against Rs 3870.52 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales4804.683870.52 24 OPM %23.9622.78 - PBDT1056.74837.73 26 PBT800.13666.92 20 NP619.61501.07 24 Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Varun Beverages standalone net profit rises 18.46% in the September 2024 quarter

Net profit of Varun Beverages rose 18.46% to Rs 492.34 crore in the quarter ended September 2024 as against Rs 415.61 crore during the previous quarter ended September 2023. Sales rose 6.72% to Rs 3086.84 crore in the quarter ended September 2024 as against Rs 2892.38 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3086.842892.38 7 OPM %25.9524.45 - PBDT802.50682.59 18 PBT645.19554.61 16 NP492.34415.61 18 Powered by Capital Market - Live

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

Varun Beverages will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Live Market Update
Broader mkt outperforms; pharma shares advance

The headline equity benchmarks traded with decent gains in early afternoon trade following the RBI's decision to keep interest rates unchanged. The Nifty traded above the 25,100 level. Pharma shares advanced for the second consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex gained 355.51 points or 0.43% to 81,986.03. The Nifty 50 index added 125.90 points or 0.50% to 25,139.05. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index gained 1.29% and the S&P BSE Small-Cap index jumped 1.47%. The market breadth was strong. On the BSE, 2,886 shares rose and 954 shares fell. A total of 121 shares were unchanged. RBI Policy Outcome: Reserve Bank of India (RBI) Governor Shaktikanta Das announced that the Monetary Policy Committee (MPC) has decided to keep interest rates unchanged, aligning with market expectations, while shifting its policy stance from withdrawal of accommodation to neutral. The MPC voted by a 5:1 majority to maintain the policy repo rate at 6.5%. The RBI also retained its GDP growth target for FY25 at 7.2%. However, Consumer Price Index (CPI) inflation for September is expected to rise significantly due to unfavorable base effects and increasing food prices, according to the governor. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 3.66% to 14.05. The Nifty 31 October 2024 futures were trading at 25,256.40, at a premium of 117.35 points as compared with the spot at 25,139.05. The Nifty option chain for the 31 October 2024 expiry showed maximum Call OI of 46.4 lakh contracts at the 26,000 strike price. Maximum Put OI of 40.7 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty Pharma index rose 1.66% to 23,694.60. The index advanced 3.11% in the two trading sessions. Divis Laboratories (up 6.03%), Ipca Laboratories (up 3.22%), J B Chemicals & Pharmaceuticals (up 3.11%), Laurus Labs (up 2.85%), Glenmark Pharmaceuticals (up 2.56%), Mankind Pharma (up 2.26%), Lupin (up 1.71%), Biocon (up 1.53%), Cipla (up 1.43%) and Natco Pharma (up 1.23%) edged higher. Stocks in Spotlight : Varun Beverages rose 0.70%. The company said that its board has approved a proposal to raise funds by way of issuance of equity shares for an aggregate amount not exceeding Rs 7,500 crore, in one or more tranches, through qualified institutions placement (QIP) route. Oriental Rail Infrastructure fell 0.29%.The company secured an order worth Rs 6.91 crore from Modern Coach Factory (MCF) at Raebareli in Indian Railways. The cost of the project is Rs 6.91 crore and it is to be executed by 31 March 2025.Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Varun Beverages to raise fund up to Rs 7,500 crore via QIP route

The fund raising proposal is subject to the approval of equity shareholders of the company. The fund raise would be used for making investments in subsidiaries, joint ventures or associates by way of equity, preference capital, or debt, or to fund the growth of existing businesses including expanding product portfolio, entering into new territories and making strategic acquisitions; pre-payment and / or repayment in full or in part of debts of the company and /or its subsidiaries; and general corporate purposes. Varun Beverages is a key player in beverage industry and one of the largest franchisees 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. As on date, VBL has been granted franchises for various PepsiCo products across 27 States and 7 Union Territories in India. VBL has also been granted the franchise for various PepsiCo products for the territories of Nepal, Sri Lanka, Morocco, Zambia and Zimbabwe. The company had reported 26.04% jump in consolidated net profit to Rs 1,252.60 crore in Q2 CY24 as compared with Rs 993.81 crore posted in Q2 CY23. Revenue from operations (excluding excise duty) surged 28.25% YoY to Rs 7,196.86 crore in second quarter of 2024. The scrip was up 0.04% to currently trade at Rs 590.15 on the BSE. Powered by Capital Market - Live

2 months agoCapital Market - Live