Varun Beverages Ltd
VBLVarun Beverages Ltd
VBL


Price Chart
How to use scorecard? Learn more
Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
71.48 | 26.18 | 0.09% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
48.65 | 9.63 | 1.53% |
Forecast & Ratings
Detailed Forecast from 22 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
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 olderÂPeers
Compare with peersÂGet more out of Tickertape, Go Pro!
Customise key metrics, see detailed forecasts, download stock data and more
Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 3,899.29 | 4,017.40 | 6,077.31 | 8,558.92 | 7,591.61 | 8,891.16 | 13,211.99 | 16,121.94 | 20,128.92 | 20,128.92 | ||||||||||
Raw Materials | 1,769.74 | 1,883.28 | 2,306.50 | 3,363.29 | 2,781.10 | 4,134.38 | 6,605.66 | 7,489.16 | 15,298.06 | 15,298.06 | ||||||||||
Power & Fuel Cost | 156.22 | 160.04 | 194.80 | 279.06 | 267.00 | 329.93 | 479.22 | 550.29 | ||||||||||||
Employee Cost | 421.03 | 462.84 | 582.95 | 810.82 | 889.74 | 1,007.70 | 1,216.64 | 1,446.59 | ||||||||||||
Selling & Administrative Expenses | 543.41 | 526.26 | 1,693.10 | 2,370.75 | 2,091.99 | 1,366.62 | 1,795.94 | 2,254.41 | ||||||||||||
Operating & Other expenses | 172.61 | 132.80 | 258.29 | 225.79 | 376.84 | 307.69 | 269.61 | 669.63 | ||||||||||||
EBITDA | 836.28 | 852.18 | 1,041.67 | 1,509.21 | 1,184.94 | 1,744.84 | 2,844.92 | 3,711.86 | 4,830.86 | 4,830.86 | ||||||||||
Depreciation/Amortization | 322.21 | 346.64 | 385.07 | 488.63 | 528.70 | 531.26 | 617.19 | 680.91 | 947.39 | 947.39 | ||||||||||
PBIT | 514.07 | 505.54 | 656.60 | 1,020.58 | 656.24 | 1,213.58 | 2,227.73 | 3,030.95 | 3,883.47 | 3,883.47 | ||||||||||
Interest & Other Items | 434.74 | 214.59 | 222.80 | 324.31 | 293.74 | 206.97 | 204.09 | 291.60 | 450.39 | 450.40 | ||||||||||
PBT | 79.33 | 290.95 | 433.80 | 696.27 | 362.50 | 1,006.61 | 2,023.64 | 2,739.35 | 3,433.08 | 3,433.07 | ||||||||||
Taxes & Other Items | 36.96 | 80.81 | 140.95 | 227.30 | 33.51 | 312.55 | 526.21 | 683.44 | 838.45 | 838.46 | ||||||||||
Net Income | 42.37 | 210.14 | 292.85 | 468.97 | 328.99 | 694.06 | 1,497.43 | 2,055.91 | 2,594.63 | 2,594.61 | ||||||||||
EPS | 0.02 | 0.68 | 0.95 | 1.48 | 1.01 | 2.14 | 4.61 | 6.33 | 7.95 | 7.99 | ||||||||||
DPS | 0.00 | 0.15 | 0.15 | 0.22 | 0.22 | 0.33 | 0.70 | 1.00 | 0.50 | 1.00 | ||||||||||
Payout ratio | 0.00 | 0.22 | 0.16 | 0.15 | 0.22 | 0.16 | 0.15 | 0.16 | 0.06 | 0.13 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFInvestor Presentation
Investor Presentation
Peers & Comparison
Consumer StaplesSoft Drinks
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Varun Beverages Ltd | 71.48 | 26.18 | 0.09% |
Vintage Coffee and Beverages Ltd | 117.20 | 8.44 | 0.04% |
Orient Beverages Ltd | 1,207.41 | 3.30 | — |
Velox Shipping and Logistics Ltd | 75.35 | 1.80 | — |
Price Comparison
Compare VBL with any stock or ETFShareholdings
Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 2.46%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 1.08%
Shareholding Pattern
Jun 2024
Sep 2024
Nov 2024
Dec 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 1.45%
Top 5 Mutual Funds holding Varun Beverages Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
The rupee value of the stock held by the fund divided by the stock’s market cap 0.3458% | Percentage of the fund’s portfolio invested in the stock 1.94% | Change in the portfolio weight of the stock over the last 3 months -0.32% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 9/103 (-2) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.2362% | Percentage of the fund’s portfolio invested in the stock 0.76% | Change in the portfolio weight of the stock over the last 3 months 0.76% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 171/225 (+35) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.1964% | Percentage of the fund’s portfolio invested in the stock 4.59% | Change in the portfolio weight of the stock over the last 3 months -0.47% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 2/56 (0) |
Compare 3-month MF holding change on Screener
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 Trend In Dividends
VBL has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 0.09%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹0.88 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 9, 2024
Dividend/Share
₹1.25
Ex DateEx Date
Aug 9, 2024
Cash Dividend
Ex DateEx DateApr 4, 2024
Dividend/Share
₹1.25
Ex DateEx Date
Apr 4, 2024
Cash Dividend
Ex DateEx DateAug 14, 2023
Dividend/Share
₹1.25
Ex DateEx Date
Aug 14, 2023
Cash Dividend
Ex DateEx DateApr 12, 2023
Dividend/Share
₹1.00
Ex DateEx Date
Apr 12, 2023
Cash Dividend
Ex DateEx DateAug 11, 2022
Dividend/Share
₹2.50
Ex DateEx Date
Aug 11, 2022
Varun Beverages has allotted 2,50,375 equity shares of face value of Rs. 2/- each of the Company to the eligible employees upon exercise of stock options vested under Employees Stock Option Scheme 2016. Consequent to the aforesaid allotment, the paid-up shares of the Company is increased from 338,15,10,017 Equity Shares to 338,17,60,392 equity shares having face value of Rs. 2/- each. Powered by Capital Market - Live
Varun Beverages announced that the Board of Directors of the Company at its meeting held on 10 February 2024, has recommended a Final dividend of Rs.0.50 per share (i.e.25%), subject to the approval of the shareholders.Powered by Capital Market - Live
Total expenses added up to Rs 3,478.61 crore, up 39.8% YoY. This was primarily on account of higher raw material costs (up 41.1% YoY), higher employee costs and higher other expenses (up 40% YoY). EBITDA improved by 38.7% to Rs 579.97 crore in Q3 FY25 from Rs 418.29 crore in Q3 FY24. EBITDA margin remained unchanged at 15.7%. Profit before tax in Q3 FY25 stood at Rs 254.14 crore, up by 35.2% from Rs 187.98 crore in Q3 FY24. Tax expenses for the period under review was Rs 58.49 crore (up 32.3% YoY). The company's PAT in CY2024 increased by 25.3% to Rs. 2,634.28 crore from Rs 2,101.81 crore in CY2023, led by volume growth & improved margins. Revenue from operations (net of excise / GST) grew by 24.7% YoY to Rs 20,007.65 crore in CY2024. Consolidated sales volume grew by 23.2% to 1,124.4 million cases in CY2024 from 912.9million cases in CY2023. Ravi Jaipuria, chairman, Varun Beverages, said: We are pleased to conclude CY2024 on a strong note through adding geographical presence into new territories of South Africa along with distribution rights in Namibia, Botswana, Mozambique and Madagascar. We also started greenfield operations into a new country of Democratic Republic of Congo (DRC). The growth has been driven by organic volume growth and improved product mix. India volumes grew 11.4%, reflecting the strength of our distribution network and operational execution. Consolidated volumes increased by 23.2%, largely led by new territories resulting in consolidated revenues increase by 24.7%, EBITDA growth of 30.5%, and PAT growth of 25.3% for the year. We are progressing well in South Africa as we grew the sales volumes by 12.5% in the very first year of operations. We are consciously reducing our reliance on modern trade channel and enhancing our distribution network in general trade. As an enabler, we have placed more visi-coolers in the SA market in a single year than what was cumulatively placed till date by previous operators. We are working on plans for backward integration in the territory. We also entered into share purchase agreement to acquire PepsiCo's business in Tanzania and Ghana, pending regulatory and other approvals. Integration of these acquisitions, along with our operations in South Africa, shall strengthen our presence in key international markets. This, coupled with the commissioning of new greenfield facilities in India and DRC, shall enhance our manufacturing and distribution capabilities, ensuring we are well-positioned to cater to growing consumer demand. Additionally, our foray into the snacks business with PepsiCo in Morocco, Zimbabwe and Zambia marks an important step in enriching our portfolio and leveraging synergies with our existing infrastructure. 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 scrip fell 2.10% to currently trade at Rs 542.35 on the BSE. Powered by Capital Market - Live
Net profit of Varun Beverages rose 40.30% to Rs 185.15 crore in the quarter ended December 2024 as against Rs 131.97 crore during the previous quarter ended December 2023. Sales rose 38.28% to Rs 3688.79 crore in the quarter ended December 2024 as against Rs 2667.69 crore during the previous quarter ended December 2023. For the full year,net profit rose 26.20% to Rs 2594.63 crore in the year ended December 2024 as against Rs 2055.92 crore during the previous year ended December 2023. Sales rose 24.72% to Rs 20007.65 crore in the year ended December 2024 as against Rs 16042.58 crore during the previous year ended December 2023. ParticularsQuarter EndedYear EndedDec. 2024Dec. 2023% Var.Dec. 2024Dec. 2023% Var. Sales3688.792667.69 38 20007.6516042.58 25 OPM %15.7015.68 -23.5422.50 - PBDT514.92353.95 45 4380.483420.27 28 PBT254.14187.98 35 3433.092739.36 25 NP185.15131.97 40 2594.632055.92 26 Powered by Capital Market - Live
Varun Beverages announced that the Board of Directors of the Company at its meeting held on 10 February 2025, 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
Varun Beverages announced that the 30th Annual General Meeting(AGM) of the company will be held on 3 April 2025.Powered by Capital Market - Live
Varun Beverages will hold a meeting of the Board of Directors of the Company on 10 February 2025.Powered by Capital Market - Live
Varun Beverages Ltd dropped for a fifth straight session today. The stock is quoting at Rs 598.35, down 1.17% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.02% on the day, quoting at 23521.8. The Sensex is at 77676.23, up 0.07%.Varun Beverages Ltd has lost around 7.08% in last one month.Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has increased around 0.79% in last one month and is currently quoting at 57495.6, down 0.49% on the day. The volume in the stock stood at 24.25 lakh shares today, compared to the daily average of 45.98 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 600.85, down 1.07% on the day. Varun Beverages Ltd jumped 17.04% in last one year as compared to a 8.66% rally in NIFTY and a 1.75% spurt in the Nifty FMCG index.The PE of the stock is 91.7 based on TTM earnings ending September 24.Powered by Capital Market - Live
Varun Beverages has allotted 41,250 equity shares under ESOP on 16 December 2024. Consequent to the aforesaid allotment, the paid-up shares of the Company is increased from 338,14,68,767 equity shares to 338,15,10,017 equity shares having face value of Rs. 2/- each. Powered by Capital Market - Live
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
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 18.65%, vs industry avg of 18.63%
Decreasing Market Share
Over the last 5 years, market share decreased from 99.07% to 98.54%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 40.79%, vs industry avg of 40.66%