Varun Beverages

477.00
+8.90
(1.90%)
Market Cap
1,61,309.97 Cr
EPS
7.95
PE Ratio
56.92
Dividend Yield
0.21 %
Industry
Beverages
52 Week High
681.12
52 Week Low
419.55
PB Ratio
9.54
Debt to Equity
0.35
Add Ratio
hide

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 from22 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+90.91 %
+90.91 %
Hold
Hold+9.09 %
+9.09 %
Sell
Sell0.0 %
0.0 %

Company News

View All News
Caret
neutral
Varun Beverages Block Trade: 2.92 Million Shares at Rs. 468.201 day ago
A block trade of approximately 2,924,648 shares of Varun Beverages Ltd. took place on the National Stock Exchange (NSE) at a price of Rs. 468.20 per share. The total value of the transaction amounted to Rs. 136.93 crores.
Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
477.00
#1 1,61,309.97
#2 56.92
#1 20,128.90
#2 24.85
#1 2,634
#1 33.47
41.88
54.35
92.30
86.27
1.60
6.67
-1
-
66.20
245.50
53.01
#1 17.59
156.80
#1 28.52
0
-96.30
47.57
147.45
2.19
-
0.00
-100.00
-0
#1 200.00
25.70
Forecast
Actual
Growth Rate
Revenue Growth
24.85 %
Net Income Growth
25.34 %
Cash Flow Change
41.42 %
ROE
-46.95 %
ROCE
-23.48 %
EBITDA Margin (Avg.)
4.94 %

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
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
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
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
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 %
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
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
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
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
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
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

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
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 %
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 %
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 %
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 %
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 %
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 %
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

Dividend History

Dividends per share (FY)
Dividend yield (FY) %
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 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
07 May 2025 DIVIDEND Dividend
₹ 0.50 /share
07 May 2025 529.15 514.30
30 Apr 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
30 Apr 2025 549.30 529.15
04 Apr 2025 DIVIDEND Dividend
₹ 0.50 /share
04 Apr 2025 554.00 544.45
03 Apr 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
03 Apr 2025 554.00 546.90
10 Feb 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
10 Feb 2025 561.40 554.00
22 Oct 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
22 Oct 2024 611.05 578.45
30 Jul 2024 SPLIT Split
2:5
12 Sept 2024 674.12 674.12
09 Aug 2024 DIVIDEND Dividend
₹ 1.25 /share
09 Aug 2024 674.12 595.82
04 Apr 2024 DIVIDEND Dividend
₹ 1.25 /share
04 Apr 2024 514.26 590.36
03 Apr 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
03 Apr 2024 514.26 562.42
16 Aug 2023 DIVIDEND Dividend
₹ 1.25 /share
14 Aug 2023 323.24 347.26
02 May 2023 SPLIT Split
5:10
15 Jun 2023 289.04 289.04
12 Apr 2023 DIVIDEND Dividend
₹ 1.00 /share
12 Apr 2023 232.21 287.65
12 Aug 2022 DIVIDEND Dividend
₹ 2.50 /share
11 Aug 2022 176.63 200.56
07 Jun 2022 BONUS Bonus
1:2
06 Jun 2022 147.26 146.61
12 Aug 2021 DIVIDEND Dividend
₹ 2.50 /share
11 Aug 2021 101.57 102.99
BONUS Bonus
1:2
10 Jun 2021 89.42 0.00

Announcements

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS4 days ago
General Update - Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 20158 days ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation10 days ago
Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Update10 days ago
Announcement under Regulation 30 (LODR)-AcquisitionMay 19, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 07, 2025
General Update - Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015May 01, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeApr 30, 2025
Announcement under Regulation 30 (LODR)-Monitoring Agency ReportApr 30, 2025
Corporate Action-Board approves DividendApr 30, 2025
Outcome Of Board MeetingApr 30, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseApr 30, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationApr 30, 2025
Board Meeting Outcome for Outcome Of Board MeetingApr 30, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationApr 23, 2025
Board Meeting Intimation for Unaudited Financial Results Of The Company Both On Standalone And Consolidated Basis For The Quarter Ended March 31 2025 And To Consider Declaration Of Interim Dividend For The Financial Year 2025Apr 23, 2025
General Update - Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Apr 22, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportApr 03, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMApr 03, 2025
Update On Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Mar 31, 2025
Update Of Our Previous Intimations Dated April 10 2024 & December 9 2024 Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Mar 25, 2025
Closure of Trading WindowMar 25, 2025
Announcement under Regulation 30 (LODR)-Dividend UpdatesMar 25, 2025
Intimation Of Record Date For Final Dividend For Financial Year Ended December 31 2024Mar 25, 2025
General Update - Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Mar 24, 2025
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSMar 18, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationMar 12, 2025
Business Responsibility and Sustainability Reporting (BRSR)Mar 11, 2025
Notice Of 30Th Annual General Meeting And Annual Report For The Financial Year Ended December 31 2024Mar 11, 2025
Reg. 34 (1) Annual Report.Mar 11, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMar 07, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationMar 06, 2025
Compliances-Reg.24(A)-Annual Secretarial ComplianceFeb 27, 2025
Update On Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Feb 25, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 20, 2025
Announcement under Regulation 30 (LODR)-Credit RatingFeb 18, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptFeb 17, 2025
Integrated Filing (Financial)Feb 10, 2025
Statement Of Deviation/Variation If Any For The Quarter Ended December 31 2024Feb 10, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeFeb 10, 2025
Announcement under Regulation 30 (LODR)-Monitoring Agency ReportFeb 10, 2025
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSFeb 10, 2025
Corporate Action-Board approves DividendFeb 10, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementFeb 10, 2025
Outcome Of Board MeetingFeb 10, 2025
Outcome Of The Board MeetingFeb 10, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseFeb 10, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationFeb 10, 2025
Board Meeting Outcome for Outcome Of Board MeetingFeb 10, 2025
Outcome Of The Board Meeting & Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Feb 10, 2025

Technical Indicators

RSI(14)
Neutral
36.06
ATR(14)
Less Volatile
13.59
STOCH(9,6)
Neutral
22.29
STOCH RSI(14)
Neutral
40.01
MACD(12,26)
Bearish
-0.60
ADX(14)
Strong Trend
33.55
UO(9)
Bearish
31.67
ROC(12)
Downtrend But Slowing Down
-2.31
WillR(14)
Oversold
-92.94

Mutual Fund Holdings

Funding HouseNo of SharesCurrent Holding %1M Change %3M Change %Month
Baroda BNP Paribas Focused Fund Direct - Growth
0
0.00%
-3.40%
-1.13%
Apr 2025
Navi Nifty Next 50 Index Fund Direct - Growth
0
0.00%
-3.28%
-2.85%
Apr 2025
JM Value Fund Direct Plan-Growth
0
0.00%
-1.64%
0.00%
Apr 2025
JM Focused Direct Plan-Growth
123000
2.47%
-1.14%
0.17%
Apr 2025
ITI Large Cap Fund Direct - Growth
102065
1.03%
1.03%
1.03%
Apr 2025
Baroda BNP Paribas Flexi Cap Fund Direct - Growth
0
0.00%
-1.02%
0.00%
Apr 2025
Invesco India Flexi Cap Fund Direct - Growth
704839
1.34%
-0.88%
-0.82%
Apr 2025
Invesco India Arbitrage Fund Direct-Growth
6699875
1.75%
0.86%
1.20%
Apr 2025
Mahindra Manulife Balanced Advantage Fund Direct - Growth
125000
0.74%
0.74%
0.74%
Apr 2025
Motilal Oswal Flexi Cap Fund Direct-Growth
7500000
3.15%
-0.73%
3.15%
Apr 2025
Bandhan Focused Equity Fund Direct-Growth
1133285
3.36%
-0.70%
-0.11%
Apr 2025
Franklin India Arbitrage Fund Direct-Growth
30625
0.68%
0.68%
-0.22%
Apr 2025
Invesco India Largecap Fund Direct-Growth
199687
0.73%
-0.43%
-1.05%
Apr 2025
Bank of India Arbitrage Fund Direct-Growth
3500
0.42%
0.42%
0.16%
Apr 2025
Invesco India ELSS Tax Saver Fund Direct-Growth
417494
0.80%
-0.36%
-0.71%
Apr 2025
Invesco India Focused Fund Direct - Growth
3125654
4.42%
-0.35%
0.14%
Apr 2025
LIC MF Large Cap Fund Direct-Growth
183579
0.67%
-0.34%
-0.24%
Apr 2025
DSP BSE Sensex Next 30 Index Fund Direct-Growth
5139
2.79%
-0.33%
0.28%
Apr 2025
HSBC Balanced Advantage Fund Direct-Growth
325000
1.13%
-0.33%
0.37%
Apr 2025
HSBC Consumption Fund Direct - Growth
1279000
4.48%
-0.32%
0.37%
Apr 2025
Nippon India Arbitrage Fund Direct-Growth
804125
0.30%
0.30%
-0.35%
Apr 2025
JM Aggressive Hybrid Fund Direct-Growth
235000
1.53%
-0.30%
0.45%
Apr 2025
Edelweiss Consumption Fund Direct-Growth
140214
2.11%
-0.29%
0.01%
Apr 2025
HDFC Non-Cyclical Consumer Fund Direct - Growth
545000
2.98%
-0.28%
2.98%
Apr 2025
Tata Large & Mid Cap Fund Direct Plan-Growth
6786250
4.27%
-0.28%
0.28%
Apr 2025

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, 29 days)
Chairperson NameRAVI KANT JAIPURIA