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Varun Beverages Ltd Share Price

NSE: VBL Large Cap ISIN: INE200M01039
As on 19 November 2025 at 01:26 IST
As on 19 November 2025 at 01:26 IST
457.25
-4.45
(-0.96%)

Varun Beverages Ltd. Q1 FY26 Results:

Net profit for the period increased 5% to ₹1,317 crores in Q1 FY26, from ₹1,253 crores in Q1 FY25. Total income for the quarter decreased 2% year-on-year to ₹7,240 crores, from ₹7,378 crores.

About Varun Beverages Ltd

Varun Beverages Ltd. is a leading Indian multinational company. It engages in the manufacturing, bottling, and distribution of beverages. The company was founded in the year 1995. Varun Beverages has decades of experience in the industry. The headquarters of the company is located in Gurgaon, Haryana, India. Its main products include carbonated soft drinks such as Pepsi, 7 Up, Mountain Dew, and Mirinda. The company also offers non-carbonated beverages like Tropicana fruit juices, Aquafina bottled water and Creambell milkshakes. Varun Beverages Ltd. falls under the food and beverage sector. +

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Over 1 Month
0.03%
Over 6 Months
-6.69%
Over 1 Year
-24.29%
Over 3 Years
101.10%

Varun Beverages Ltd Summary

Close ₹461.70
Open ₹463
High ₹464.05
Low ₹458.65
Volume 43,30,719
Net Turnover (in Cr) ₹199.97
52Wk High ₹663.60
52Wk Low ₹419.55
52Wk High / Low
419.55
663.60

Varun Beverages Ltd Fundamentals

Key Financial Data

Market Cap (in Cr) ₹1,56,146.42
EPS (TTM) 7.76
Book Value (BV) 53.42
Div. Yield 0.22 %
P/E (TTM) 59.50
Price/Book Value 8.64
Delivery % 63.65 %
Face Value 2

Key Ratios

PE Ratio 93.07
PB Ratio 13.04
EV to Sales 14.96
PEG Ratio -1.87
ROA 13.17
ROE 19.64
Debt-Equity 0.24
Net Profit Margin 16.17
Operating Profit Margin 28.17

Varun Beverages Ltd Financials

Profit and Loss

Particulars (in ₹ Cr.)FY 2024FY 2023FY 2022FY 2021FY 2020
Total Revenue20,128.9216,121.9413,211.998,891.166,487.11
Total Expenses16,694.3513,382.1011,188.357,884.556,058.08
Profit Before Tax3,433.092,739.362,023.641,006.61362.50
Profit After Tax2,634.282,101.811,550.11746.05357.27
Operating Profit After Depreciation3,884.953,007.942,209.761,191.31710.14

Balance Sheet

Particulars (in ₹ Cr.)FY 2024FY 2023FY 2022FY 2021FY 2020
Fixed Assets13,406.108,409.176,932.226,310.776,408.62
Total Non Current Assets15,279.9410,951.558,214.217,035.786,658.71
Total Current Assets7,863.974,235.633,404.032,546.111,799.68
Total Assets23,143.9115,187.1811,618.249,581.898,458.38
Total Shareholder's Fund16,609.836,936.505,102.384,079.913,524

Cash Flow

Particulars (in ₹ Cr.)FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash From Operating Activities3,381.102,390.781,790.031,231.421,011.99
Net Cash Used In Investing Activities-4,310.56-3,287.80-1,768.51-1,007.55-471.68
Net Cash Used In Financing Activities2,953.54984.90-17.94-177.68-573.72

Profit and Loss

Particulars (in ₹ Cr.)FY 2024FY 2023FY 2022FY 2021FY 2020
Total Revenue14,702.5312,778.9710,739.586,653.044,948.44
Total Expenses11,632.6010,410.819,055.085,971.524,679.23
Profit Before Tax3,069.942,368.161,684.50681.52202.68
Profit After Tax2,320.361,775.131,270.20489.49226.43
Operating Profit After Depreciation3,419.592,609.261,838.76836.66518.22

Balance Sheet

Particulars (in ₹ Cr.)FY 2024FY 2023FY 2022FY 2021FY 2020
Fixed Assets9,185.476,938.215,751.875,011.615,263.41
Total Non Current Assets14,145.9311,074.338,617.057,297.407,030.10
Total Current Assets5,338.052,935.132,451.901,768.221,266.47
Total Assets19,483.9714,009.4611,068.949,065.628,296.57
Total Shareholder's Fund16,558.717,075.805,517.404,398.624,011.77

Cash Flow

Particulars (in ₹ Cr.)FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash From Operating Activities2,966.941,952.881,558.79867.86719.67
Net Cash Used In Investing Activities-3,687.09-2,769.57-1,509.31-725.33-227.97
Net Cash Used In Financing Activities2,728.75818.78-26.23-154.79-487.65

Particulars (in ₹ Cr.)2025-092025-062025-032024-122024-09
Total Revenue4,896.657,017.375,566.943,688.794,804.68
Total Expenses3,750.955,019.794,303.553,109.513,653.66
Profit Before Tax940.921,732.04977.82254.13800.12
Profit After Tax745.191,325.49731.36195.64628.83
Operating Profit after Depreciation1,293.732,074.741,291.45623.921,175.27

Particulars (in ₹ Cr.)2025-092025-062025-032024-122024-09
Total Revenue3,063.985,305.024,052.532,014.033,086.84
Total Expenses2,277.193,663.543,042.211,690.902,285.88
Profit Before Tax756.511,547.69897.31258.81645.19
Profit After Tax577.401,160.16678.06208.62492.34
Operating Profit after Depreciation936.481,731.491,070.12477.03901.14

Varun Beverages Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3
S1 458.88
S2 456.07
S3 453.48
Pivot 461.47
R1 464.28
R2 466.87
R3 469.68

Moving Average

20 SMA 466.16
50 SMA 461.04
100 SMA 474.50
200 SMA 491.31

Varun Beverages Ltd Corporate Actions

Varun Beverages Ltd

₹0.5/Share

Announcement Date 01 Aug 2025
Record Date 02 Aug 2025
Div Yield 25%

Varun Beverages Ltd Peer Comparison

CompanyPriceMarket Cap (in Cr)
Hindustan Unilever Ltd₹2,426.15₹5,70,046.08
Nestle India Ltd₹1,269.75₹2,44,847.71
Britannia Industries Ltd₹5,827.65₹1,40,369.61
Godrej Consumer Products Ltd₹1,155.85₹1,18,255.31
Marico Ltd₹760.70₹98,733.97

Varun Beverages Ltd Top Mutal Funds Invested

Varun Beverages Ltd News

Varun Beverages spurts after Q3 results; to enter alcoholic drinks segment

Varun Beverages surged 9.31% to Rs 496.10 after reporting a steady performance for the September quarter and unveiling its strategic entry into the alcoholic beverages segment.

29 Oct 2025, 02:24 pm

Varun Beverages to declare Quarterly Results

On 29 October 2025

23 Oct 2025, 04:36 pm

Varun Beverages Ltd rises for third straight session

Varun Beverages Ltd is quoting at Rs 466.4, up 1.11% on the day as on 12:49 IST on the NSE. The stock 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.

17 Oct 2025, 01:05 pm

Varun Beverages allots 27,500 equity shares under ESOP

09 Oct 2025, 07:21 pm

Varun Beverages Ltd eases for fifth straight session

Varun Beverages Ltd is quoting at Rs 447, down 1.07% on the day as on 13:19 IST on the NSE. The stock 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.

26 Sep 2025, 01:35 pm

Varun Beverages Ltd Stock Analysis

  1. Annual revenue for Varun Beverages Ltd increased by 15.05% to ₹14,702.53 crore in FY 2024 from ₹12,778.97 crore in FY 2023.
  2. Annual Net Profit for Varun Beverages Ltd increased by 30.72% to ₹2,320.36 crore in FY 2024 from ₹1,775.13 crore in FY 2023.
  3. Promoter Shareholding in Varun Beverages Ltd decreased by 0.64% in the most recent quarter, from 59.82% in June 2025 to 59.44% in September 2025.
  4. Varun Beverages Ltd delivered a 1-year return of -24.29% compared to the Nifty 50, which provided a return of 10.91% as of the last trading session.
  5. Varun Beverages Ltd share price moved down by 0.96% from its previous close of INR ₹461.70. The latest Varun Beverages Ltd share price is INR ₹457.25.
  6. Varun Beverages Ltd share price today has been at a low of 454.75 and a high of 460.50. Over the past 52 weeks, the Varun Beverages Ltd share price has seen a low of 419.55 and a high of 663.60.

About Varun Beverages Ltd

Varun Beverages Ltd. is a leading Indian multinational company. It focuses on the manufacturing, bottling, and distribution of beverages. The company operates in the food and beverage sector. It is the largest bottling company of PepsiCo's beverages outside the United States.
Varun Beverages Ltd. falls under the food and beverage sector. The company was incorporated in 1995 as a subsidiary of RJ Corp. It has grown to become a significant player in the global beverage industry, with a strong presence in multiple countries.
The headquarters of Varun Beverages Ltd. is located in Gurgaon, Haryana, India. The company is promoted by RJ Corp, with Ravi Kant Jaipuria being the key promoter and founder. He also serves as a non-executive chairman of the company. The other crucial managerial promoters of the company include:
  • Varun Jaipuria
  • Raj Pal Gandhi
  • Rajinder Jeet Singh Bagga
  • Abhiram Seth
Varun Beverages' main products include carbonated soft drinks (CSDs) such as Pepsi, 7 Up, Mountain Dew, and Mirinda. The company also distributes non-carbonated beverages (NCBs). This includes Gatorade sports drinks, Tropicana fruit juices, Creambell milkshakes, Lipton ready-to-drink iced tea, and Aquafina bottled water.
Varun Beverages Ltd. is the largest bottling company of PepsiCo's beverages outside the United States. The company has a substantial market capitalization that makes it a major player in the industry. Varun Beverages is recognized for its extensive product portfolio and strong market presence.
The promoter shareholding in Varun Beverages Ltd. stands at 62.66%. Among these, the major shares are owned by RJ Corp Limited. It holds 26.75% of shares, demonstrating strong promoter commitment to the business.
The registered office of Varun Beverages Ltd. is located at F- 2/7, Okhla Industrial Area, Phase-I, New Delhi - 110020, Delhi, India. Its registrar is situated at Selenium Tower B, Plot No. 31-32, Gachibowli, Financial District, Nanakramguda, Seri Hyderabad 500032, Telangana.
Varun Beverages Ltd. is a well-established beverage company in India. The company is known for its comprehensive range of products and strong market presence. Its commitment to quality, innovation, and customer satisfaction has solidified its position as a trusted name in the food and beverage sector.

Future Strategy of the Company

In the dynamic and ever-evolving landscape of the global beverage industry, Varun Beverages Ltd. stands poised to implement a comprehensive and forward-thinking strategy. This strategy promises to redefine its market positioning and drive sustainable growth. With decades of experience and a robust partnership with PepsiCo, the company is strategically positioning itself to capitalise on emerging market trends, technological innovations, and changing consumer preferences.
The company's future strategy fundamentally centres on geographical expansion and market diversification. Varun Beverages has established itself as the largest PepsiCo bottler outside the United States. Thus, they aim to strengthen its footprint across existing markets while exploring new geographical territories.
The strategy involves a multi-pronged approach to organic growth and strategic acquisitions, particularly in emerging markets across South Asia, the Middle East, and potentially African regions. By leveraging its existing operational expertise and robust distribution network, the company plans to replicate its successful Indian model in other developing markets. This creates a scalable and adaptable business expansion blueprint.
Product portfolio diversification represents another critical component of Varun Beverages' future strategy. The company is committed to expanding its non-carbonated beverage (NCB) segment. This is because they recognize the shifting consumer preferences towards healthier and more diverse beverage options.
The expansion of NCB involves developing and introducing more nutritional, functional, and innovative drink categories that cater to health-conscious consumers. The strategy includes potential investments in indigenous beverage formats, low-sugar alternatives, and beverages with enhanced nutritional profiles. Additionally, Varun Beverages Ltd. aims to future-proof its portfolio and attract a more diverse consumer base. This is done by broadening its product range beyond traditional carbonated soft drinks.
Technological innovation and digital transformation are integral to the company's forward-looking strategy. Varun Beverages is investing significantly in advanced manufacturing technologies, automation, and data-driven decision-making processes. The focus includes implementing smart manufacturing techniques and enhancing supply chain efficiency.
This will be accomplished through developing digital platforms for enhanced customer engagement and distribution management. These technological interventions are designed to reduce operational costs, improve product quality, and create more responsive and agile business processes.
Sustainability and environmental responsibility are increasingly becoming central to the company's strategic planning. Hence, Varun Beverages is committed to developing a comprehensive sustainability roadmap that addresses environmental challenges inherent in the beverage manufacturing industry. This includes investments in water conservation technologies, exploring eco-friendly packaging solutions and reducing carbon footprint.
The human capital development strategy is equally crucial in Varun Beverages' future planning. The company aims to create a robust talent ecosystem by investing in continuous learning programs, developing leadership pipelines, and fostering a culture of innovation and adaptability.
Varun Beverages Ltd.'s future strategy represents a holistic and dynamic approach to business growth. It is well-positioned to emerge as a global beverage powerhouse in the coming decades. This is because of its strong promoter commitment, a proven track record of successful partnerships, and a clear vision for growth.

FAQ’s

What is the share price of Varun Beverages Ltd today?

Varun Beverages Ltd share price as on 18 Nov 2025 is ₹ 457.25

What is the Market Cap of Varun Beverages Ltd?

The market cap of Varun Beverages Ltd stock is ₹1,56,146.42 Cr.

What is the PE Ratio of Varun Beverages Ltd?

The Price to Earnings (P/E) Ratio of Varun Beverages Ltd is 93.07

What is the PB Ratio of Varun Beverages Ltd?

The Price to Book (P/B) Ratio of Varun Beverages Ltd is 13.04

What is the 52 week high of Varun Beverages Ltd Share Price?

The 52 week high of Varun Beverages Ltd share price stands at ₹663.60

What is the 52 week low of Varun Beverages Ltd Share Price?

The 52 week low of Varun Beverages Ltd share price stands at ₹419.55

How can I buy shares of Varun Beverages Ltd?

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