| 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 |
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 |
| 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 |
| 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 |
| 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 % |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
Varun Beverages
517.15
-13.95
(-2.63%)
There are 3 new updates from the company7 hours ago
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Market Cap
1,74,874.79 Cr
EPS
15.83
PE Ratio
67.83
Dividend Yield
0.19 %
Industry
Beverages52 Week High
681.12
52 Week Low
419.55
PB Ratio
10.81
Debt to Equity
0.35
Sector
Non Alcoholic Beverages
Live Chart 
Investment Returns
In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Analyst Rating
- By Refinitiv from21 analysts
Company News
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Varun Beverages Acquires 14% Stake in Aspirative Creative VenturesToday
Varun Beverages has acquired a 14% equity stake in Aspirative Creative Ventures. The acquisition is valued at 22.4 million rupees.
Varun Beverages: Record Date Set for Final Dividend DistributionToday
Varun Beverages has set April 4, 2025, as the record date for the final dividend of Rs. 0.50 per equity share for FY 2024. The dividend, subject to shareholder approval at the AGM on April 3, 2025, will be distributed from April 7, 2025.
Varun Beverages Commences Production at New Himachal Pradesh Facility1 day ago
Varun Beverages has announced the start of commercial production of carbonated soft drinks and packaged drinking water at its new production facility in Himachal Pradesh. This expansion marks a significant step in the company's growth strategy and production capabilities.
Peer Comparison Compare Peers on Screener
| Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
| 517.15 | 1,74,874.79 | 67.83 | 16,121.90 | 22.02 | 2,102 | 36.02 | 51.61 | |
| 44.64 | 62.36 | - | 1.60 | 6.67 | -1 | - | 50.70 | |
| 270.00 | 58.34 | 10.76 | 156.80 | 28.52 | 0 | -69.23 | 55.94 | |
| 11.85 | 11.00 | - | 0.70 | 133.33 | -0 | 0.00 | 50.08 |
Growth Rate
Revenue Growth
22.02 %
Net Income Growth
35.59 %
Cash Flow Change
41.42 %
ROE
-0.17 %
ROCE
-5.64 %
EBITDA Margin (Avg.)
6.92 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Total Assets | 4,437 | 4,831 | 5,284 | 6,031 | 8,388 | 8,458 | 9,582 | 11,618 | 15,187 |
| Fixed Assets | 3,496 | 3,716 | 3,981 | 4,387 | 6,479 | 6,409 | 6,311 | 6,932 | 8,409 |
| Current Assets | 730 | 853 | 969 | 1,141 | 1,672 | 1,800 | 2,546 | 3,404 | 4,236 |
| Capital Work in Progress | 38 | 96 | 145 | 352 | 64 | 67 | 497 | 607 | 1,922 |
| Investments | 0 | 7 | 8 | 11 | 0 | 0 | 0 | 0 | 21 |
| Other Assets | 903 | 1,013 | 1,149 | 1,281 | 1,846 | 1,983 | 2,775 | 4,079 | 4,835 |
| Total Liabilities | 4,437 | 4,831 | 5,284 | 6,031 | 8,388 | 8,458 | 9,582 | 11,618 | 15,187 |
| Current Liabilities | 1,354 | 1,728 | 1,589 | 1,741 | 2,220 | 2,435 | 3,020 | 3,969 | 4,153 |
| Non Current Liabilities | 2,408 | 1,423 | 1,927 | 2,284 | 2,809 | 2,435 | 2,365 | 2,434 | 3,949 |
| Total Equity | 674 | 1,681 | 1,768 | 2,006 | 3,359 | 3,589 | 4,197 | 5,216 | 7,085 |
| Reserve & Surplus | 91 | 1,511 | 1,587 | 1,816 | 3,040 | 3,235 | 3,647 | 4,453 | 6,287 |
| Share Capital | 584 | 182 | 183 | 183 | 289 | 289 | 433 | 650 | 650 |
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 |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 |
Dividend History
Dividends per share (FY)
Dividend yield (FY) %
| 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 | 0.00 | 0.00 |
| Dividend Yield (%) | 0.00 | 6.7 | 4.87 | 5.31 | 2.8 | 1.99 | 1.26 | 0.45 | 0.00 | 0.00 |
Corporate Action
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Announcements
Update Of Our Previous Intimations Dated April 10 2024 & December 9 2024 Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015
Closure of Trading Window
Announcement under Regulation 30 (LODR)-Dividend Updates
Intimation Of Record Date For Final Dividend For Financial Year Ended December 31 2024
General Update - Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Announcement under Regulation 30 (LODR)-Newspaper Publication
Business Responsibility and Sustainability Reporting (BRSR)
Notice Of 30Th Annual General Meeting And Annual Report For The Financial Year Ended December 31 2024
Reg. 34 (1) Annual Report.
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Announcement under Regulation 30 (LODR)-Newspaper Publication
Compliances-Reg.24(A)-Annual Secretarial Compliance
Compliances-Reg.24(A)-Annual Secretarial Compliance
Update On Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015
Update On Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Announcement under Regulation 30 (LODR)-Credit Rating
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Integrated Filing (Financial)
Statement Of Deviation/Variation If Any For The Quarter Ended December 31 2024
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Corporate Action-Board approves Dividend
Announcement under Regulation 30 (LODR)-Change in Management
Outcome Of Board Meeting
Outcome Of The Board Meeting
Announcement under Regulation 30 (LODR)-Press Release / Media Release
Announcement under Regulation 30 (LODR)-Investor Presentation
Board Meeting Outcome for Outcome Of Board Meeting
Outcome Of The Board Meeting & Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Board Meeting Intimation for Audited Financial Results Of The Company Both On Standalone And Consolidated Basis For The Quarter And Financial Year Ended December 31 2024 And Recommendation Of Final D
Certificate Pursuant To Regulation 40(9) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 For The Financial Year Ended December 31 2024
Certificate Of Compliance Under Regulation 7(3) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 For The Financial Year Ended December 31 2024
Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Investment In Share Capital Of Subsidiary Company I.E. The Beverage Company Proprietary
Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Update On Acquisition Of Equity Share Capital Of Lunarmech Technologies Private Limited
Update Of Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Rumour verification - Regulation 30(11)
Clarification sought from Varun Beverages Ltd
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Announcement under Regulation 30 (LODR)-Allotment
Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
Technical Indicators
RSI(14)
Neutral 56.16
ATR(14)
Volatile 21.79
STOCH(9,6)
Overbought 81.06
STOCH RSI(14)
Neutral 74.99
MACD(12,26)
Bullish 8.68
ADX(14)
Strong Trend 25.26
UO(9)
Bearish 58.52
ROC(12)
Uptrend But Slowing Down 8.09
WillR(14)
Neutral -31.21
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(8 Years,
45 days)
Chairperson NameRAVI KANT JAIPURIA
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