Varun Beverages Limited

Varun Beverages Limited

VBLNSE / BSEConsumer StaplesLarge Cap

₹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

-18.6% over the last year

Varun Beverages Limited price, 1Y

Daily closes.

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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 Stock

Strengths1

  • 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.

    Read moreShow less

    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

    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

    Revenue
    ₹14,557 Cr
    Revenue growth, 1Y
    1.4%
    Net profit growth, 1Y
    15.4%

    Revenue and net profit

    Annual revenue, with net profit as the dashed line.

    Varun Beverages Limited revenue and net profit by fiscal year
    Varun Beverages Limited revenue and net profit by fiscal year
    DateRevenueNet 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.

    Varun Beverages Limited operating and free cash flow by fiscal year
    Varun Beverages Limited operating and free cash flow by fiscal year
    DateOperating cash flowFree 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.

    YearRevenueOperating incomeEBITDANet profitCFOFCFROERevenue growth 1YNet 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.

    1. ITC Ltd₹4.2 L Cr
    2. Varun Beverages Limited (this company)₹1.7 L Cr
    3. Dabur India Ltd.₹92,578 Cr

    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.

    CompanyMarket capP/EP/BROEEV/EBITDA
    Varun Beverages LimitedVBLthis companyP/E ↑ premium₹1.7 L Cr64.6x9.4x——
    Hindustan Unilever Ltd.HINDUNILVR₹5.6 L Cr53.4x11.5x19.8%37.1x
    ITC LtdITC₹4.2 L Cr21.1x6.1x28.3%15.1x
    Nestle India Ltd.NESTLEIND₹2.5 L Cr85.1x55.7x——
    Britannia Industries Ltd.BRITANNIA₹1.4 L Cr62.0x43.5x59.0%44.0x
    Godrej Consumer Products Ltd.GODREJCP₹1.3 L Cr97.1x15.7x6.8%83.1x
    TATA CONSUMER PRODUCTS LIMITEDTATACONSUM₹1.2 L Cr66.0x6.8x7.1%73.2x
    Dabur India Ltd.DABUR₹92,578 Cr65.0x12.7x21.8%41.2x
    Colgate-Palmolive (India) Ltd.COLPAL₹57,242 Cr43.2x36.2x70.7%29.0x
    Peer median—44.5x7.0x14.2%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.

    1. 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
    2. 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
    3. 03 Valuation Multiples ExplainedThis stock trades at a P/E of 64.6, learn when high multiples are justified.6 min read
    4. 04 Cyclical vs Defensive StocksConsumer staples behave defensively across the business cycle.6 min read
    5. 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
    6. 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read
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