Varun Beverages

Varun Beverages

446.10
-1.55
(-0.35%)
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Key Fundamentals
Add Ratio
Market Cap
1,50,869.29 Cr
EPS
8.23
PE Ratio
50.94
Dividend Yield
0.22 %
Industry
Beverages
52 Week High
663.60
52 Week Low
419.55
PB Ratio
8.31
Debt to Equity
0.35
Analyst Rating and Forecast
- By Refinitiv from23 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+91.30 %
+91.30 %
Hold
Hold+8.70 %
+8.70 %
Sell
Sell0.0 %
0.0 %
Forecast For
Actual

Company News

View All News
Caret
neutral
Varun Beverages witnessed a significant block trade worth Rs 98.13 crore involving approximately 2,206,503 shares executed at Rs 444.75 per share on BSE. The large-volume transaction represents substantial institutional or bulk investor activity in the beverage company's stock.
positive
Varun Beverages has incorporated a wholly-owned subsidiary in Kenya focused on beverage manufacturing and distribution operations. This expansion move establishes the company's presence in the Kenyan market for its beverage business activities.
neutral
Varun Beverages Ltd. executed a block trade on NSE involving approximately 2,031,561 shares at Rs. 469.45 per share, totaling Rs. 95.37 crores. The transaction represents a significant equity movement for the beverage company.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
446.10
#1 1,50,869.29
#4 50.94
#1 17,481.00
#4 -13.15
#1 2,876
#4 18.51
40.58
78.58
127.60
119.29
8.47
#1 429.38
1
161.76
15.86
193.10
43.01
15.58
173.40
10.59
3
#1 250.00
34.33
12.42
12.08
-24.95
0.80
14.29
-2
93.75
33.30
339.25
5.14
#1 -115.68
0.20
-100.00
0
0.00
48.19
Growth Rate
Revenue Growth
-13.15 %
Net Income Growth
9.17 %
Cash Flow Change
41.42 %
ROE
-46.95 %
ROCE
-23.48 %
EBITDA Margin (Avg.)
3.50 %

Quarterly Financial Results

Quarterly Financials
Dec 2015
Mar 2016
Jun 2016
Sept 2016
Dec 2016
Mar 2017
Jun 2017
Sept 2017
Dec 2017
Mar 2018
Jun 2018
Sept 2018
Dec 2018
Mar 2019
Jun 2019
Sept 2019
Dec 2019
Mar 2020
Jun 2020
Sept 2020
Dec 2020
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Revenue
390
869
1,660
912
437
893
1,639
966
530
1,104
2,060
1,167
799
1,361
2,815
1,744
1,256
1,702
1,643
1,806
1,337
2,247
2,474
2,435
1,735
2,836
4,965
3,187
2,224
3,903
5,653
3,889
2,677
4,326
7,241
4,829
3,733
5,595
7,095
5,045
Expenses
388
750
1,195
723
408
742
1,153
778
505
922
1,484
955
738
1,141
2,023
1,414
1,105
1,472
1,263
1,422
1,159
1,859
1,879
1,904
1,527
2,297
3,704
2,478
1,907
3,095
4,101
2,989
2,249
3,329
5,206
3,654
3,110
4,304
5,020
3,751
EBITDA
2
119
465
189
29
151
486
188
25
182
576
212
61
221
793
330
152
230
380
384
178
387
595
532
208
540
1,261
710
317
808
1,552
900
428
997
2,035
1,175
624
1,292
2,075
1,294
Operating Profit %
-1 %
13 %
28 %
19 %
6 %
16 %
29 %
19 %
4 %
16 %
28 %
18 %
6 %
16 %
28 %
19 %
9 %
12 %
23 %
21 %
13 %
17 %
23 %
21 %
12 %
19 %
25 %
22 %
14 %
21 %
27 %
23 %
16 %
23 %
28 %
24 %
16 %
23 %
28 %
23 %
Depreciation
89
77
77
78
80
80
91
88
88
91
100
100
94
99
125
127
137
135
124
135
135
135
129
139
129
131
153
153
180
172
172
171
166
188
243
257
261
273
306
308
Interest
50
109
111
111
101
57
51
52
53
60
52
47
54
59
85
87
79
87
74
58
62
58
47
43
37
47
46
45
48
63
69
63
74
94
129
119
109
41
37
45
Profit Before Tax
-129
-62
285
9
-152
14
344
49
-116
31
424
65
-87
63
582
116
-64
8
182
192
-19
195
420
350
42
361
1,062
511
90
573
1,311
667
188
716
1,663
800
254
978
1,732
941
Tax
-30
-6
82
-4
-41
7
98
15
-44
11
117
21
-16
23
177
35
-10
-52
39
30
-12
58
101
93
9
90
260
116
8
135
306
153
44
168
401
171
59
247
407
196
Net Profit
-99
-56
202
13
-112
7
246
34
-72
20
307
44
-71
40
405
81
-54
60
143
162
-7
137
319
258
33
271
802
396
82
439
1,005
514
144
548
1,262
629
196
731
1,326
745
EPS in ₹
-7.38
-3.87
14.97
0.76
-6.81
0.25
13.46
1.80
-3.99
1.02
16.62
2.31
-3.92
1.48
14.85
2.91
-2.05
1.90
4.88
3.53
-0.68
4.48
7.12
5.55
0.38
5.87
12.12
5.87
1.15
6.61
7.65
3.86
1.02
4.14
9.64
1.91
0.56
2.15
3.89
2.19

Balance Sheet

Balance Sheet
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Total Assets
4,437
4,831
5,284
6,031
8,388
8,458
9,582
11,618
15,187
23,144
Fixed Assets
3,496
3,716
3,981
4,387
6,479
6,409
6,311
6,932
8,409
13,402
Current Assets
730
853
969
1,141
1,672
1,800
2,546
3,404
4,236
7,864
Capital Work in Progress
38
96
145
352
64
67
497
607
1,922
1,167
Investments
0
7
8
11
0
0
0
0
21
60
Other Assets
903
1,013
1,149
1,281
1,846
1,983
2,775
4,079
4,835
8,516
Total Liabilities
4,437
4,831
5,284
6,031
8,388
8,458
9,582
11,618
15,187
23,144
Current Liabilities
1,354
1,728
1,589
1,741
2,220
2,435
3,020
3,969
4,153
4,524
Non Current Liabilities
2,408
1,423
1,927
2,284
2,809
2,435
2,365
2,434
3,949
1,880
Total Equity
674
1,681
1,768
2,006
3,359
3,589
4,197
5,216
7,085
16,740
Reserve & Surplus
91
1,511
1,587
1,816
3,040
3,235
3,647
4,453
6,287
15,934
Share Capital
584
182
183
183
289
289
433
650
650
676

Cash Flow

Cash Flow
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Net Cash Flow
19
8
33
-22
95
-33
46
4
88
2,024
Investing Activities
-300
-1,048
-746
-937
-2,320
-472
-1,008
-1,769
-3,288
-4,311
Operating Activities
555
826
620
1,000
1,308
1,012
1,231
1,790
2,391
3,381
Financing Activities
-236
230
159
-84
1,107
-574
-178
-18
985
2,954

Share Holding

% Holding
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Nov 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Promoter
66.40 %
65.82 %
64.89 %
64.89 %
64.89 %
63.90 %
63.90 %
63.90 %
63.90 %
63.62 %
63.10 %
63.09 %
62.91 %
62.66 %
62.66 %
60.20 %
60.20 %
60.24 %
59.82 %
59.44 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.01 %
0.01 %
26.58 %
25.78 %
25.32 %
24.18 %
25.24 %
25.26 %
22.98 %
21.85 %
21.93 %
DIIs
5.54 %
5.56 %
6.48 %
6.70 %
6.72 %
4.97 %
4.16 %
3.44 %
3.68 %
2.94 %
3.36 %
3.59 %
4.15 %
4.55 %
4.98 %
6.49 %
7.02 %
9.21 %
10.52 %
11.79 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
3.65 %
4.02 %
3.57 %
3.80 %
4.02 %
4.19 %
4.09 %
4.09 %
4.22 %
4.52 %
4.27 %
4.71 %
5.00 %
5.16 %
5.87 %
5.85 %
5.52 %
5.81 %
6.27 %
5.42 %
Others
24.41 %
24.61 %
25.06 %
24.61 %
24.37 %
26.94 %
27.85 %
28.56 %
28.19 %
28.92 %
29.26 %
2.04 %
2.15 %
2.31 %
2.31 %
2.21 %
2.00 %
1.77 %
1.52 %
1.42 %
No of Share Holders
56,213
1,08,875
1,15,450
1,37,939
1,37,208
1,73,935
2,35,804
2,44,975
2,61,286
3,53,742
3,75,534
4,40,278
4,89,887
5,09,607
6,98,759
7,72,415
7,42,488
8,73,915
9,68,419
9,02,881

Dividend History

Annual Cash Flows 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Dividend Per Share (₹) 0.00 2.5 2.5 2.5 2.5 2.5 3.5 2.5 1 0.00
Dividend Yield (%) 0.00 6.7 4.87 5.31 2.8 1.99 1.26 0.45 0.19 0.00

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
BONUS Bonus
1:2
10 Jun 2021 89.42 0.00
12 Aug 2021 DIVIDEND Dividend
₹ 2.50 /share
11 Aug 2021 101.57 102.99
07 Jun 2022 BONUS Bonus
1:2
06 Jun 2022 147.26 146.61
12 Aug 2022 DIVIDEND Dividend
₹ 2.50 /share
11 Aug 2022 176.63 200.56
12 Apr 2023 DIVIDEND Dividend
₹ 1.00 /share
12 Apr 2023 232.21 287.65
02 May 2023 SPLIT Split
5:10
15 Jun 2023 289.04 289.04
16 Aug 2023 DIVIDEND Dividend
₹ 1.25 /share
14 Aug 2023 323.24 347.26
03 Apr 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
03 Apr 2024 514.26 562.42
04 Apr 2024 DIVIDEND Dividend
₹ 1.25 /share
04 Apr 2024 514.26 590.36
09 Aug 2024 DIVIDEND Dividend
₹ 1.25 /share
09 Aug 2024 674.12 595.82
30 Jul 2024 SPLIT Split
2:5
12 Sept 2024 674.12 674.12
22 Oct 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
22 Oct 2024 611.05 578.45
10 Feb 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
10 Feb 2025 561.40 554.00
03 Apr 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
03 Apr 2025 554.00 546.90
04 Apr 2025 DIVIDEND Dividend
₹ 0.50 /share
04 Apr 2025 554.00 544.45
30 Apr 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
30 Apr 2025 549.30 529.15
07 May 2025 DIVIDEND Dividend
₹ 0.50 /share
07 May 2025 529.15 514.30
29 Jul 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
29 Jul 2025 484.85 486.65
02 Aug 2025 DIVIDEND Dividend
₹ 0.50 /share
01 Aug 2025 486.65 511.55
29 Oct 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
29 Oct 2025 459.40 453.85

Announcements

Announcement under Regulation 30 (LODR)-Updates on Acquisition4 days ago
General Update - Intimation Of Change In Logo Of The Company 5 days ago
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 04, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 31, 2025
Clarification With Respect To Increase In VolumeOct 30, 2025
Clarification sought from Varun Beverages LtdOct 30, 2025
Postal Ballot NoticeOct 30, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeOct 29, 2025
Outcome Of Board MeetingOct 29, 2025
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of AssociationOct 29, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 29, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationOct 29, 2025
Outcome Of Board MeetingOct 29, 2025
Board Meeting Outcome for Outcome Of Board MeetingOct 29, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 24, 2025
Board Meeting Intimation for Unaudited Financial Results Of The CompanyOct 22, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementOct 10, 2025
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSOct 09, 2025
Update Of Previous Intimation Dated September 3 2025 Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Oct 03, 2025
Closure of Trading WindowSep 25, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementSep 16, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 16, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 10, 2025
Update Of Previous Intimation Dated July 29 2025 Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Sep 04, 2025
Announcement under Regulation 30 (LODR)-AcquisitionSep 03, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementSep 01, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 26, 2025
Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Aug 18, 2025
Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Aug 06, 2025
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAug 04, 2025
Announcement under Regulation 30 (LODR)-AcquisitionAug 04, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 04, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJul 29, 2025
Incorporation Of Joint Venture Company - Outcome Of Board MeetingJul 29, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementJul 29, 2025
Record Date - 2Nd Interim Dividend For FY 2025Jul 29, 2025
Corporate Action-Board approves DividendJul 29, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 29, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationJul 29, 2025
Outcome Of Board MeetingJul 29, 2025
Board Meeting Outcome for Outcome Of Board MeetingJul 29, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 22, 2025
Board Meeting Intimation for Unaudited Financial Results Of The Company Both On Standalone And Consolidated Basis For The Quarter And Half Year Ended June 30 2025 And To Consider Declaration Of 2Nd Interim Dividend For The Financial Year 2025Jul 21, 2025
Closure of Trading WindowJun 26, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 13, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 09, 2025
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSJun 02, 2025
General Update - Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015May 29, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 27, 2025
Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - UpdateMay 27, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
Kotak Arbitrage Fund Direct-Growth
0.45%
-3045275
-0.17%
0.32%
Nippon India Large Cap Fund Direct-Growth
0.19%
2000000
0.19%
0.19%
Sundaram Large Cap Fund Direct - Growth
0.00%
-1187500
-1.61%
-1.75%
SBI Arbitrage Opportunities Fund Direct-Growth
0.36%
847675
0.11%
0.24%
HDFC Arbitrage Fund Wholesale Direct-Growth
0.51%
761575
0.16%
0.15%
Parag Parikh Flexi Cap Fund Direct-Growth
0.05%
722625
0.03%
0.04%
Nippon India Growth Mid Cap Fund Direct- Growth
1.55%
650000
0.09%
0.03%
Tata Arbitrage Fund Direct - Growth
0.72%
578100
0.14%
0.37%
Bandhan Large & Mid Cap Fund Direct-Growth
1.46%
512861
0.16%
-0.05%
SBI Consumption Opportunities Fund Direct-Growth
1.49%
500000
0.74%
0.67%
Axis Arbitrage Fund Direct-Growth
0.41%
366950
0.22%
0.23%
Aditya Birla Sun Life Arbitrage Fund Direct-Growth
0.22%
341325
0.06%
0.06%
Nippon India Multi Asset Allocation Fund Direct - Growth
0.49%
302755
0.14%
0.07%
HDFC Balanced Advantage Fund Direct-Growth
0.02%
300000
0.01%
0.01%
UTI Arbitrage Fund Direct-Growth
0.58%
299300
0.12%
0.17%
Invesco India Arbitrage Fund Direct-Growth
0.51%
296200
0.08%
0.43%
Nippon India ELSS Tax Saver Fund Direct-Growth
1.36%
250000
0.11%
0.06%
ITI Flexi Cap Fund Direct - Growth
0.91%
249565
0.91%
0.91%
Bandhan Flexi Cap Fund Direct-Growth
1.57%
200000
0.16%
0.38%
Bandhan ELSS Tax Saver Fund Direct Plan-Growth
0.59%
200000
0.14%
0.10%
WhiteOak Capital Mid Cap Fund Direct - Growth
0.00%
-188167
-0.22%
-0.26%
Canara Robeco Large Cap Fund Direct-Growth
1.25%
185000
0.07%
-0.07%
Edelweiss Flexi Cap Fund Direct-Growth
0.00%
-169838
-0.27%
-0.30%
Canara Robeco Flexi Cap Fund Direct-Growth
1.35%
160000
0.09%
-0.04%
Nippon India Focused Fund Direct-Growth
3.24%
139488
0.16%
0.83%

Technical Indicators

RSI(14)
Neutral
41.41
ATR(14)
Less Volatile
10.05
STOCH(9,6)
Neutral
26.00
STOCH RSI(14)
Oversold
2.04
MACD(12,26)
Bearish
-2.18
ADX(14)
Weak Trend
19.39
UO(9)
Bearish
47.18
ROC(12)
Downtrend And Accelerating
-4.96
WillR(14)
Oversold
-91.75

About Varun Beverages

Varun Beverages Ltd is the second largest franchisee of PepsiCo beverages outside the US. It produces and distributes carbonated soft drinks and non-carbonated beverages, including packaged drinking water, under PepsiCo trademarks. The company operates in 27 states and 7 union territories in India, as well as in Nepal, Sri Lanka, Morocco, Zambia, and Zimbabwe. It has 37 manufacturing facilities, with 31 in India and 6 internationally. Varun Beverages produces popular brands such as Pepsi, Mountain Dew, Tropicana, and Aquafina. The company has been associated with PepsiCo since the 1990s and has expanded its territories, product range, and distribution network over time. It also has backward integration facilities for producing packaging materials. Varun Beverages is part of the RJ Corp group and was incorporated in 1995, with its shares listed on Indian stock exchanges in 2016.
Listing Date
08 Nov, 2016(9 Years, 16 days)
Chairperson NameRAVI KANT JAIPURIA