Varun Beverages

521.95
-10.40
(-1.95%)
Market Cap
1,76,510.98 Cr
EPS
7.95
PE Ratio
67.98
Dividend Yield
0.19 %
Industry
Beverages
52 Week High
681.12
52 Week Low
419.55
PB Ratio
10.84
Debt to Equity
0.35
Add Ratio
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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
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+90.48 %
+90.48 %
Hold
Hold+9.52 %
+9.52 %
Sell
Sell0.0 %
0.0 %

Company News

View All News
Caret
positive
Varun Beverages: Board Meeting Scheduled for Q4 Results and Interim Dividend2 days ago
Varun Beverages Ltd's board will meet on April 30, 2025, to consider Q4 2025 results and potential interim dividend declaration. The company recently reported a 36% increase in Q4 2024 net profit to ₹195.64 crore, with revenue rising to ₹3,817.61 crore.
positive
Varun Beverages Begins Production at New Prayagraj Facility2 days ago
Varun Beverages has commenced commercial production of carbonated soft drinks, juice-based drinks, and packaged drinking water at its new production facility in Prayagraj, Uttar Pradesh.
positive
Varun Beverages Begins Production at New Prayagraj Facility2 days ago
Varun Beverages has commenced commercial production of carbonated soft drinks, juice-based drinks, and packaged drinking water at its new production facility in Prayagraj, Uttar Pradesh.
Competitors LTP Market Cap (₹ Cr.) P/E Ratio Revenue (₹ Cr.) YoY Revenue Growth % Net Profit (₹ Cr.) YoY Profit Growth % RSI
521.95
#1 1,76,510.98
#1 67.98
#1 20,128.90
#3 24.85
#1 2,634
#1 36.02
44.66
46.00
78.10
-
1.60
6.67
-1
-
51.36
246.60
53.29
#1 9.82
156.80
28.52
0
-69.23
45.12
10.25
9.50
-
0.70
#1 133.33
-0
-133.33
31.68
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
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

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

Announcements

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation2 days ago
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 20252 days ago
General Update - Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 20153 days ago
Shareholder Meeting / Postal Ballot-Scrutinizers ReportApr 03, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportApr 03, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMApr 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
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
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
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 04, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 04, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 03, 2025
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 DFeb 03, 2025
Certificate 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
Certificate Of Compliance Under Regulation 7(3) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 For The Financial Year Ended December 31 2024Jan 09, 2025
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 Jan 02, 2025
Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Dec 31, 2024
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSDec 16, 2024
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 LimitedDec 16, 2024

Technical Indicators

RSI(14)
Neutral
48.86
ATR(14)
Volatile
18.67
STOCH(9,6)
Neutral
54.09
STOCH RSI(14)
Neutral
22.31
MACD(12,26)
Bearish
-1.90
ADX(14)
Weak Trend
12.76
UO(9)
Bearish
42.42
ROC(12)
Downtrend But Slowing Down
-0.58
WillR(14)
Neutral
-41.96

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, 48 days)
Chairperson NameRAVI KANT JAIPURIA