| 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 |
Varun Beverages
501.65
-4.95
(-0.98%)
Market Cap
1,71,320.00 Cr
EPS
7.95
PE Ratio
60.96
Dividend Yield
0.20 %
Industry
Beverages52 Week High
681.12
52 Week Low
419.55
PB Ratio
10.21
Debt to Equity
0.35
Sector
Non Alcoholic Beverages
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
View All News
Varun Beverages: Share Price Fluctuates Amid Block Deals and Q1 Results1 day ago
Varun Beverages' share price initially rose over 1% after block deals involving 21 lakh shares worth Rs 111 crore. The company reported a 35% YoY increase in Q1 net profit to Rs 537.27 crore, with revenue up 29.2% and sales volume growing 30.1%. However, the stock later pared gains to trade 0.41% lower at Rs 508.
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 |
|---|---|---|---|---|---|---|---|---|
501.65 | #1 1,71,320.00 | #1 60.96 | #1 20,128.90 | #3 24.85 | #1 2,634 | #1 33.47 | 42.10 | |
47.00 | 79.80 | - | 1.60 | 6.67 | -1 | - | 53.53 | |
257.85 | 52.90 | #1 9.70 | 156.80 | 28.52 | 0 | -69.23 | 55.81 | |
20.20 | 17.80 | - | 0.70 | #1 133.33 | -0 | -133.33 | 90.28 | |
244.60 | 3.50 | - | 0.00 | -100.00 | -0 | #1 200.00 | 50.88 |
Automatic Screeners on ScanX
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
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 | ₹ 0.50 /share | 07 May 2025 | 529.15 | 514.30 |
| 30 Apr 2025 |  Quarterly Result Announcement | NA | 30 Apr 2025 | 549.30 | 529.15 |
| 04 Apr 2025 | Dividend | ₹ 0.50 /share | 04 Apr 2025 | 554.00 | 544.45 |
| 03 Apr 2025 |  Annual General Meeting | NA | 03 Apr 2025 | 554.00 | 546.90 |
| 10 Feb 2025 | Quarterly Result Announcement | NA | 10 Feb 2025 | 561.40 | 554.00 |
| 22 Oct 2024 | Quarterly Result Announcement | NA | 22 Oct 2024 | 611.05 | 578.45 |
| 30 Jul 2024 |  Split | 2:5 | 12 Sept 2024 | 674.12 | 674.12 |
| 09 Aug 2024 | Dividend | ₹ 1.25 /share | 09 Aug 2024 | 674.12 | 595.82 |
| 04 Apr 2024 | Dividend | ₹ 1.25 /share | 04 Apr 2024 | 514.26 | 590.36 |
| 03 Apr 2024 | Annual General Meeting | NA | 03 Apr 2024 | 514.26 | 562.42 |
| 16 Aug 2023 | Dividend | ₹ 1.25 /share | 14 Aug 2023 | 323.24 | 347.26 |
| 02 May 2023 | Split | 5:10 | 15 Jun 2023 | 289.04 | 289.04 |
| 12 Apr 2023 | Dividend | ₹ 1.00 /share | 12 Apr 2023 | 232.21 | 287.65 |
| 12 Aug 2022 | Dividend | ₹ 2.50 /share | 11 Aug 2022 | 176.63 | 200.56 |
| 07 Jun 2022 |  Bonus | 1:2 | 06 Jun 2022 | 147.26 | 146.61 |
| 12 Aug 2021 | Dividend | ₹ 2.50 /share | 11 Aug 2021 | 101.57 | 102.99 |
| Bonus | 1:2 | 10 Jun 2021 | 89.42 | 0.00 |
Announcements
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
9 days ago
9 days agoGeneral Update - Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015May 01, 2025
May 01, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeApr 30, 2025
Apr 30, 2025Announcement under Regulation 30 (LODR)-Monitoring Agency ReportApr 30, 2025
Apr 30, 2025Corporate Action-Board approves DividendApr 30, 2025
Apr 30, 2025Outcome Of Board MeetingApr 30, 2025
Apr 30, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseApr 30, 2025
Apr 30, 2025Announcement under Regulation 30 (LODR)-Investor PresentationApr 30, 2025
Apr 30, 2025Board Meeting Outcome for Outcome Of Board MeetingApr 30, 2025
Apr 30, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationApr 23, 2025
Apr 23, 2025Board 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
Apr 23, 2025General Update - Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Apr 22, 2025
Apr 22, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportApr 03, 2025
Apr 03, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMApr 03, 2025
Apr 03, 2025Update On Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Mar 31, 2025
Mar 31, 2025Update 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
Mar 25, 2025Closure of Trading WindowMar 25, 2025
Mar 25, 2025Announcement under Regulation 30 (LODR)-Dividend UpdatesMar 25, 2025
Mar 25, 2025Intimation Of Record Date For Final Dividend For Financial Year Ended December 31 2024Mar 25, 2025
Mar 25, 2025General Update - Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Mar 24, 2025
Mar 24, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSMar 18, 2025
Mar 18, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMar 12, 2025
Mar 12, 2025Business Responsibility and Sustainability Reporting (BRSR)Mar 11, 2025
Mar 11, 2025Notice Of 30Th Annual General Meeting And Annual Report For The Financial Year Ended December 31 2024Mar 11, 2025
Mar 11, 2025Reg. 34 (1) Annual Report.Mar 11, 2025
Mar 11, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMar 07, 2025
Mar 07, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMar 06, 2025
Mar 06, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceFeb 27, 2025
Feb 27, 2025Update On Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Feb 25, 2025
Feb 25, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 20, 2025
Feb 20, 2025Announcement under Regulation 30 (LODR)-Credit RatingFeb 18, 2025
Feb 18, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptFeb 17, 2025
Feb 17, 2025Integrated Filing (Financial)Feb 10, 2025
Feb 10, 2025Statement Of Deviation/Variation If Any For The Quarter Ended December 31 2024Feb 10, 2025
Feb 10, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeFeb 10, 2025
Feb 10, 2025Announcement under Regulation 30 (LODR)-Monitoring Agency ReportFeb 10, 2025
Feb 10, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSFeb 10, 2025
Feb 10, 2025Corporate Action-Board approves DividendFeb 10, 2025
Feb 10, 2025Announcement under Regulation 30 (LODR)-Change in ManagementFeb 10, 2025
Feb 10, 2025Outcome Of Board MeetingFeb 10, 2025
Feb 10, 2025Outcome Of The Board MeetingFeb 10, 2025
Feb 10, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseFeb 10, 2025
Feb 10, 2025Announcement under Regulation 30 (LODR)-Investor PresentationFeb 10, 2025
Feb 10, 2025Board Meeting Outcome for Outcome Of Board MeetingFeb 10, 2025
Feb 10, 2025Outcome Of The Board Meeting & Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Feb 10, 2025
Feb 10, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 04, 2025
Feb 04, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 04, 2025
Feb 04, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 03, 2025
Feb 03, 2025Board 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 DFeb 03, 2025
Feb 03, 2025Certificate Pursuant To Regulation 40(9) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 For The Financial Year Ended December 31 2024Jan 09, 2025
Jan 09, 2025Technical Indicators
RSI(14)
Neutral 42.10
ATR(14)
Less Volatile 18.01
STOCH(9,6)
Neutral 47.44
STOCH RSI(14)
Neutral 47.74
MACD(12,26)
Bearish -2.46
ADX(14)
Weak Trend 23.94
UO(9)
Bearish 47.19
ROC(12)
Downtrend And Accelerating -5.20
WillR(14)
Neutral -58.93
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,
39 days)
Chairperson NameRAVI KANT JAIPURIA
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