Varun Beverages Limited
₹395.10-₹18.75 (-4.5%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹1,69,437 Cr
- P/E
- 64.6x
- Revenue
- ₹14,557 Cr
Price chart
Technical chartScreen technicals →-18.6% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -8.5%
- 3M
- -12.5%
- 6M
- -23.2%
- 1Y
- -18.6%
- 5Y
- +216.0%
52-week range
Day change -₹18.75 (-4.5%) from ₹414 to ₹395 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in VBL, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Large-cap with ₹1.7L Cr market capitalisation
Concerns0
Rule-based from financial data. Not advice.
About the company
Varun Beverages Limited, together with its subsidiaries, manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana.
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Varun Beverages Limited, together with its subsidiaries, manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana. The company offers carbonated soft drinks under the Pepsi, Pepsi Zero, Mountain Dew, Mirinda, and Seven-Up brands, as well as the Refreshhh, Coo-ee, and Jive brands; fruit pulp and juice-based drinks under the Slice, Tropicana, Tropicana Delight, and Seven-Up Nimbooz brands; club sodas under the Evervess and Duke's brands; and energy drinks under the Sting, Adrenaline Rush, and Rockstar brands. It also provides sports drinks under the Gatorade brand; carbonated juice-based drinks under the Seven-Up Nimbooz Masala Soda brand; ice-tea under the Lipton brand; packaged drinking water under the Aquafina and Aquavess brands, as well as the Refreshhh and Aquaclear brands; and snacks under the FritoLay, Cheetos, Doritos, Simba, and Kurkure brands. In addition, the company offers energy drinks under the Reboost Energy brand; and value-added dairy-based beverages under the Cream Bell brand. Varun Beverages Limited was incorporated in 1995 and is based in Gurugram, India.
- Sector
- Consumer Staples
- Shares outstanding
- 338 Cr shares
- ISIN
- INE200M01039
- BSE code
- 540180
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹1,69,437 Cr
- P/E
- 64.6x
- P/B
- 9.4x
- Earnings yield
- 1.5%
- 52-week high
- ₹544.15
- 52-week low
- ₹382.00
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹14,557 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 1.4%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 15.4%
Revenue and net profit
Annual revenue, with net profit as the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹6,596 Cr | ₹489 Cr |
| FY2022 | ₹10,596 Cr | ₹1,270 Cr |
| FY2023 | ₹12,633 Cr | ₹1,775 Cr |
| FY2024 | ₹14,349 Cr | ₹2,320 Cr |
Cash flows
Cash from operations, with free cash flow as the dashed line.
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹868 Cr | ₹143 Cr |
| FY2022 | ₹1,559 Cr | ₹50 Cr |
| FY2023 | ₹1,953 Cr | -₹817 Cr |
| FY2024 | ₹2,967 Cr | -₹720 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | — | ₹3,764 Cr | — | — | — | — | — | — | — |
Monthly returns
Month-by-month returns of VBL across the years, with the seasonal pattern.
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
VBL trades at 64.6x earnings against a peer median of 44.5x (a 45% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Varun Beverages LimitedVBLthis companyP/E ↑ premium | ₹1.7 L Cr | 64.6x | 9.4x | — | — |
| Hindustan Unilever Ltd.HINDUNILVR | ₹5.6 L Cr | 53.4x | 11.5x | 19.8% | 37.1x |
| ITC LtdITC | ₹4.2 L Cr | 21.1x | 6.1x | 28.3% | 15.1x |
| Nestle India Ltd.NESTLEIND | ₹2.5 L Cr | 85.1x | 55.7x | — | — |
| Britannia Industries Ltd.BRITANNIA | ₹1.4 L Cr | 62.0x | 43.5x | 59.0% | 44.0x |
| Godrej Consumer Products Ltd.GODREJCP | ₹1.3 L Cr | 97.1x | 15.7x | 6.8% | 83.1x |
| TATA CONSUMER PRODUCTS LIMITEDTATACONSUM | ₹1.2 L Cr | 66.0x | 6.8x | 7.1% | 73.2x |
| Dabur India Ltd.DABUR | ₹92,578 Cr | 65.0x | 12.7x | 21.8% | 41.2x |
| Colgate-Palmolive (India) Ltd.COLPAL | ₹57,242 Cr | 43.2x | 36.2x | 70.7% | 29.0x |
| Peer median | — | 44.5x | 7.0x | 14.2% | 25.9x |
Year-to-date ROI
VBL since 1 January, against earlier years.
Historical volatility
VBL's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
No financial statement data available.
Learn while you research
Academy chapters picked for Varun Beverages Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 64.6, learn when high multiples are justified.6 min read
- 04 Cyclical vs Defensive StocksConsumer staples behave defensively across the business cycle.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read