Varun Beverages Ltd (VBL)
₹405.70
Mkt cap
₹1.36L Cr
P/E ratio
40.10
P/B
7.01
Div yield
0.37%
ROE
16.20%
ROCE
19.70%
EPS (TTM)
₹10.12
Book value
₹58
52W range
382–544
Sector
Fast Moving Consumer Goods
Price history
Previous close
Varun Beverages Ltd has been associated with PepsiCo since the 1990s and is a key player in beverage industry and one of the largest franchisee of PepsiCo in the world. The company produces and distributes a wide range of carbonated soft drinks, non-carbonated drinks and packaged water sold under trademarks owned by PepsiCo. PepsiCo brands produced and sold by the company include Pepsi, Seven-up, Mirinda Orange, Mountain Dew, Tropicana Juices and many more. [1]
NSE VBLBSE 540180
Health check
Constructive
ValuationCheap
ProfitabilityStrong
GrowthHigh
TechnicalsBearish
52-week range
−25.43% from high₹406
₹382+6.15% from low₹544
Current
₹405.70
Prev close
₹405.95
Day
−0.06%
Price performance
1D
−0.06%
1W
−0.04%
1M
−8.93%
3M
−22.91%
6M
−8.98%
1Y
−18.73%
YTD
−17.84%
Financials
Revenue, profit & margin
P/E ratio
40.1×
VBL is 46% below the sector median of 73.8×
VBL40.1×
Sector median73.8×
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,611 | 3,871 | 2,668 | 4,317 | 7,197 | 4,805 | 3,689 | 5,567 | 7,017 | 4,897 | 4,204 | 6,574 | 8,451 | |
| Expenses | 4,101 | 2,989 | 2,249 | 3,329 | 5,206 | 3,654 | 3,110 | 4,304 | 5,020 | 3,751 | 3,568 | 5,049 | 6,112 | |
| Operating Profit | 1,511 | 882 | 418 | 989 | 1,991 | 1,151 | 579 | 1,263 | 1,998 | 1,146 | 637 | 1,525 | 2,339 | |
| OPM % | 27% | 23% | 16% | 23% | 28% | 24% | 16% | 23% | 28% | 23% | 15% | 23% | 28% | |
| Other Income | 42 | 19 | 9 | 8 | 44 | 24 | 45 | 28 | 77 | 148 | 99 | 44 | 104 | |
| Interest | 69 | 62 | 74 | 94 | 129 | 119 | 109 | 41 | 37 | 45 | 47 | 49 | 57 | |
| Depreciation | 172 | 171 | 166 | 188 | 242 | 257 | 261 | 273 | 306 | 308 | 330 | 357 | 409 | |
| Profit before tax | 1,311 | 667 | 188 | 716 | 1,663 | 800 | 254 | 978 | 1,732 | 941 | 359 | 1,163 | 1,977 | |
| Tax % | 23% | 23% | 24% | 23% | 24% | 21% | 23% | 25% | 23% | 21% | 28% | 24% | 23% | |
| Net Profit | 1,005 | 514 | 144 | 548 | 1,262 | 629 | 196 | 731 | 1,325 | 745 | 260 | 879 | 1,525 | |
| EPS in Rs | 3.06 | 1.54 | 0.41 | 1.65 | 3.86 | 1.91 | 0.55 | 2.15 | 3.89 | 2.19 | 0.74 | 2.58 | 4.50 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move +3.31% · closed higher next day 5 of last 6
| Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 | |
|---|---|---|---|---|---|---|
| Broadcast | 30 Apr '25◦ | 29 Jul '25◦ | 29 Oct '25 | 3 Feb '26◦ | 27 Apr '26 | 28 Jul '26◦ |
| Earnings day | +0.40% | +1.94% | +9.09% | −1.37% | +5.79% | +4.00% |
| +1 day | +3.14% | +2.04% | +6.85% | −3.10% | +5.73% | +4.97% |
| +5 days | −5.00% | −2.53% | +3.90% | +1.29% | +4.33% | +1.63% |
| +15 days | −6.43% | +1.00% | −0.58% | +1.05% | +4.96% | +0.43% |
| +30 days | −10.04% | −8.27% | +5.36% | −10.30% | +7.30% | — |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 months| Kind | Value | Ex-date | Record |
|---|---|---|---|
| dividend Interim Dividend - Re 0.50 Per Share | — | 30 Apr '26 | 1 May '26 |
| dividend Dividend - Re 0.50 Per Share | — | 8 Apr '26 | 8 Apr '26 |
Shareholding
as of Jun 202659.43%Promoter
Promoters59.43%
FIIs19.03%0.48
DIIs15.16%0.81
Public6.33%0.33
Government0.05%0.01
Ownership trend
Peers
5 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| VBL | ₹405.95 | 40.12 | 1,35,845 | 0.37% | 1,525 | +15.47% | 8,451 | +20.43% | 19.71% |
| VALENCIA | ₹59.00 | 107.39 | 117 | 0.00% | 0 | −81.22% | 4 | −39.54% | 2.56% |
| ORIBEVER | ₹170.40 | 8.66 | 37 | 0.00% | 2 | +24.12% | 53 | +14.12% | 12.17% |
| ANSINDUS | ₹33.21 | 21.06 | 31 | 0.00% | −1 | −461.11% | 0 | — | −11.43% |
| TRANSFD | ₹406.90 | — | 6 | 0.00% | 0 | −20.00% | 0 | — | 5.88% |
| Median: 2 Co. | ₹232.47 | 73.75 | 67,981 | 0.18% | 763 | −32.88% | 4,228 | −9.55% | 11.13% |
Filings
Annual reports13
Concall transcripts92
TranscriptAug 2026PPTAug 2026RECAug 2026TranscriptMay 2026PPTMay 2026RECMay 2026TranscriptFeb 2026PPTFeb 2026RECFeb 2026TranscriptNov 2025PPTNov 2025RECNov 2025TranscriptAug 2025PPTAug 2025RECAug 2025TranscriptMay 2025PPTMay 2025RECMay 2025TranscriptFeb 2025PPTFeb 2025RECFeb 2025TranscriptOct 2024PPTOct 2024RECOct 2024
Credit ratings6
Announcements5
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Update On Earlier Disclosure Dated August 25, 2026 31 Aug - Wholly owned subsidiary KIVA Spirits and Company Limited incorporated on August 31, 2026.Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 25 Aug - Board approved new India subsidiary for RTD/alcoholic beverages and Tunisia JV; appointed Prathmesh Mishra CEO & MD.Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Update On Earlier Disclosure Dated July 2, 2026 17 Aug - Twizza merged into Bevco; Twizza ceased as step-down subsidiary on August 17, 2026.Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 11 Aug - NSE assigned Varun Beverages ESG Rating 63 for FY2026, up62 in FY2025.Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10 Aug - Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, representatives of the Company shall participate in ....