Varun Beverages

BSE: 540180 29 Sep 2025

Fast Moving Consumer Goods

₹ 471.8

Varun Beverages Limited specializes in Other Beverages within the Fast Moving Consumer Goods sector.

Varun Beverages

BSE: 540180 29 Sep 2025

Fast Moving Consumer Goods

₹ 471.8

Varun Beverages Limited specializes in Other Beverages within the Fast Moving Consumer Goods sector.

Book Value

54.3

Dividend Yield

0.22%

Debt to Equity

0.12

Stock P/E

52.8

Market Cap

1,50,413 Cr

Varun Beverages - Share Price & Details

Market Cap

₹1,50,413

High /Low

664.0 / 419.0

Stock P/E

52.8

Book Value

₹54.3

Dividend Yield

0.22

ROCE

24.8

ROE

₹22.5

Face Value

2.0

PEG Ratio

0.95

EVEBITDA

₹29.1

Debt

2,138

CMP / FCF

-402.0

Debt to equity

₹0.12

NP Ann

2,634

High price all time

683.0

Piotroski score

₹6.0

Graham Number

102.0

No. Eq. Shares

338.0

Net CF

₹2,024

Net profit

2,881

Price to book value

8.19

Interest Coverage

₹13.3

Low price all time

20.2

Industry PE

83.1

Reserves

₹17,687

Free Cash Flow

₹-359

Broker Recommendations

Date	Author	Type	Reco Price	Target Price	Potential	Source	PDF Link
13 Aug 2025	Anand Rathi	Buy	₹510.9	₹630	25.5%	moneycontrol	View
05 Aug 2025	Deven Choksey	Buy	₹508	₹588	17.7%	moneycontrol	View
30 Jul 2025	ICICI Securities	Hold	₹521.8	₹500	-4.3%	moneycontrol	View
29 Jul 2025	Motilal Oswal	Buy	₹512.2	₹620	18.6%	moneycontrol	View
30 May 2025	Motilal Oswal	Buy	₹521	₹665	27.3%	moneycontrol	View
14 May 2025	ICICI Securities	Hold	₹524.15	₹500	-7.1%	moneycontrol	View
01 May 2025	Emkay Global Financial Services	Buy	₹521	₹625	19.1%	moneycontrol	View
24 Mar 2025	Motilal Oswal	Buy	₹531.1	₹680	31.4%	moneycontrol	View
18 Mar 2025	Asit C. Mehta	Buy	₹507.4	₹625	17.3%	moneycontrol	View
17 Mar 2025	KRChoksey	Buy	₹487.9	₹657	29.5%	moneycontrol	View
12 Feb 2025	KRChoksey	Buy	₹534.6	₹657	27.9%	moneycontrol	View
11 Feb 2025	Emkay Global Financial Services	Buy	₹520.2	₹800	55.8%	moneycontrol	View
10 Feb 2025	Motilal Oswal	Buy	₹548.55	₹680	32.4%	moneycontrol	View
21 Nov 2024	KRChoksey	Buy	₹626.85	₹770	24.3%	moneycontrol	View
13 Nov 2024	Emkay Global Financial Services	Buy	₹567.8	₹750	21.1%	moneycontrol	View
23 Oct 2024	KRChoksey	Buy	₹628.8	₹738	19.1%	moneycontrol	View
23 Oct 2024	ICICI Securities	Hold	₹628.8	₹606	-2.1%	moneycontrol	View
31 Jul 2024	Motilal Oswal	Buy	₹631.08	₹1,850	197.8%	moneycontrol	View
15 Jul 2024	Motilal Oswal	Buy	₹651.04	₹1,900	205.9%	moneycontrol	View
15 May 2024	KRChoksey	Buy	₹599.48	₹1,732	178.8%	moneycontrol	View
14 May 2024	ICICI Securities	Hold	₹596.08	₹1,220	96.4%	moneycontrol	View
13 May 2024	Motilal Oswal	Buy	₹591.12	₹1,720	176.9%	moneycontrol	View
18 Mar 2024	KRChoksey	Buy	₹574.76	₹1,732	178.8%	moneycontrol	View
14 Mar 2024	Motilal Oswal	Buy	₹565.76	₹1,600	157.6%	moneycontrol	View

Price Chart

Volume Chart

Peer Comparison

Stock	Total Income	Net Profit	Net Sales	EPS	Market Cap (in Cr)	P/E
Coromandel Agro Products & Oils Ltd	NA	NA	NA	NA	0.2	0.05
Abhijit Trading Co. Ltd.	NA	NA	NA	NA	0
Varun Beverages Limited	53950.35	11601.61	53050.21	3.43	1,50,413	52.8
BRITANNIA INDUSTRIES LTD.	45068.5	4982.7	44527.4	20.69	142606	65.0
GODREJ CONSUMER PRODUCTS LTD.	23953.1	3546.9	23299.9	3.47	119076	62.8

Peer Comparison Chart

About Varun Beverages

Varun Beverages Limited, with Security Code 540180, is a leading player in the Other Beverages industry, categorized under the Fast Moving Consumer Goods sector, offering Equity instruments.

Order Book

Latest News

Vibgyor Energy inks solar-storage PPA with Varun Beverages in India

(18 Sep 2025)

Indian end-to-end solar solutions provider Vibgyor Energy has signed a 22.5-MWp solar-plus-storage power purchase agreement (PPA) with local...

Varun Beverages Limited Announces Resignation of Rajesh Kumar, Technical Head - India Operations (Senior Management Personnel), Effective September 15, 2025

(17 Sep 2025)

Varun Beverages Limited announced that pursuant to resignation of Mr. Rajesh Kumar , he has been relieved from duties effective September 15...

Varun Beverages Announces Resignation of Technical Head – India Operations

(17 Sep 2025)

Varun Beverages Limited has announced the resignation of Mr. Rajesh Kumar, who served as the Technical Head – India Operations and a Senior...

From fizz to fault lines: The Varun Beverages journey

(12 Sep 2025)

Once a small-town bottler, now a global giant, Varun Beverages fuels Pepsi's reach from Uttar Pradesh to Congo.

Varun Beverages Incorporates White Peak Refrigeration JV in India to Manufacture Visi-Coolers as Q2 Revenue an

(08 Sep 2025)

Varun Beverages Ltd. (VBL), PepsiCo's second-largest global bottling partner, has incorporated a joint venture company in India, White Peak...

ITC, Godfrey Phillips, Nazara Tech, Delta Corp, Varun Beverages: How sin stocks reacted as Centre imposed 40% GST

(08 Sep 2025)

The sin goods category covers tobacco, aerated beverage, online gaming companies, as well as high-end items such as motorcycles above 350cc,...

Quarterly Table

Standalone Consolidated

Metrics	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
Sales	3,221.9	4,672.3	2,892.4	1,846.3	3,446.1	5,801.6	3,086.8	2,014.0	4,052.5	5,305.0
Expenses	2,549.7	3,364.4	2,185.2	1,552.1	2,625.3	4,063.0	2,285.9	1,690.9	3,042.2	3,663.5
Operating Profit	672.1	1,307.9	707.2	294.2	820.9	1,738.6	801.0	323.1	1,010.3	1,641.5
OPM %	20.86%	27.99%	24.45%	15.94%	23.82%	29.97%	25.95%	16.04%	24.93%	30.94%
Other Income	18.5	45.5	31.0	51.1	32.6	67.2	100.2	153.9	59.8	90.0
Interest	56.6	62.3	55.7	66.6	84.0	103.2	98.6	63.9	7.8	3.7
Depreciation	135.6	129.5	128.0	125.2	139.5	166.8	157.3	154.3	165.0	180.1
Profit before tax	498.5	1,161.6	554.6	153.5	630.1	1,535.9	645.2	258.8	897.3	1,547.7
Tax %	-25.2%	-25.3%	-25.1%	-22.7%	-25.5%	-25.1%	-23.7%	-19.4%	-24.4%	25%
Net Profit	372.9	868.0	415.6	118.6	469.3	1,150.1	492.3	208.6	678.1	1,160.2
EPS in Rs	2.3	2.67	1.28	0.36	1.44	3.54	1.51	0.63	0	3.43

Metrics	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	2,214.2	3,893.0	5,611.4	3,870.5	2,667.7	4,317.3	7,196.9	4,804.7	3,688.8	5,680.0
Expenses	1,949.7	3,154.6	4,189.0	3,056.0	2,312.7	3,409.4	5,343.0	3,781.0	3,238.3	4,416.5
Operating Profit	264.5	738.4	1,422.4	814.5	355.0	907.9	1,853.9	1,023.6	450.5	1,263.5
OPM %	11.95%	18.97%	25.35%	21.04%	13.31%	21.03%	25.76%	21.31%	12.21%	22.24%
Other Income	9.2	10.1	41.6	18.5	9.1	8.4	44.0	24.3	44.6	28.1
Interest	47.5	62.6	69.4	62.5	73.7	93.7	129.2	118.5	109.0	41.1
Depreciation	179.7	172.2	171.9	170.8	166.0	187.5	242.5	256.6	260.8	272.5
Profit before tax	46.6	513.8	1,222.8	599.7	124.5	635.1	1,526.3	672.8	125.3	977.9
Tax %	-9%	-23.5%	-23.3%	-22.9%	-23.5%	-23.4%	-24.1%	-21.4%	-23%	-25.2%
Net Profit	81.5	438.6	1,005.4	514.1	143.8	548.0	1,261.8	628.8	195.6	731.4
EPS in Rs	0.46	2.64	3.06	1.54	0.41	1.65	3.85	1.91	0.56	0

Shareholding Distribution

Shareholding Pattern

Compounded Data

Consolidated

Standalone

Compounded Sales Growth
10 Years:	22%
5 Years:	21%
3 Years:	30%
TTM:	16%

Compounded Profit Growth
10 Years:	52%
5 Years:	40%
3 Years:	68%
TTM:	35%

Stock Price CAGR
10 Years:	0%
5 Years:	55%
3 Years:	48%
1 Year:	-22%

Compounded Sales Growth
10 Years:	23%
5 Years:	23%
3 Years:	31%
TTM:	29%

Compounded Profit Growth
10 Years:	63%
5 Years:	41%
3 Years:	55%
TTM:	29%

Stock Price CAGR
10 Years:	0%
5 Years:	55%
3 Years:	48%
1 Year:	-22%

All Deals

Date	Stock	Party	Deal	Acq. Mode	Trans.	Quan.	Price	Value

Stock Mutual Funds Data

Order Book

News Date ▲▼	Headline ▲▼	Issuer Entity ▲▼	Issuer Type ▲▼	Order Size ▲▼	Time Period ▲▼
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Moving Averages

Latest Close: — • Records Used: — • Last Trading Date: —

Simple Moving Averages (SMA)

Period	SMA Value	Status

Exponential Moving Averages (EMA)

Period	EMA Value	Status

Oscillators

Key Oscillators

latest calculation

Indicator	Value

Varun Beverages

Varun Beverages

Varun Beverages - Share Price & Details

Broker Recommendations

Price Chart

Volume Chart

Peer Comparison

Peer Comparison Chart

About Varun Beverages

Order Book

Latest News

Vibgyor Energy inks solar-storage PPA with Varun Beverages in India

Varun Beverages Limited Announces Resignation of Rajesh Kumar, Technical Head - India Operations (Senior Management Personnel), Effective September 15, 2025

Varun Beverages Announces Resignation of Technical Head – India Operations

From fizz to fault lines: The Varun Beverages journey

Varun Beverages Incorporates White Peak Refrigeration JV in India to Manufacture Visi-Coolers as Q2 Revenue an

ITC, Godfrey Phillips, Nazara Tech, Delta Corp, Varun Beverages: How sin stocks reacted as Centre imposed 40% GST

Varun Beverages Ltd forms JV with Everest International to make refrigerators

Varun Beverages Announces Joint Venture for Refrigeration

varun beverages ltd soars 1 16 rises for third straight session

Varun Beverages announces resignation of senior management personnel

The recent pullback must have dismayed Varun Beverages Limited (NSE:VBL) insiders who own 35% of the company

Varun Beverages shares fall up to 3% following GST rate rejig; here is why

Varun Beverages Ltd soars 1 16percent rises for third straight session

FMCG Stocks Slip: ITC, Colgate, Nestle, Marico Fall As Nifty FMCG Index Drops 1%

Varun Beverages shares fall 2.02% in Friday's trading session

Varun Beverages' growth hinges on recovery; outlook stays positive

Where Could Varun Beverages Limited (540180) Be Headed - Unprecedented market success

Varun Beverages shares lose fizz: Key risks & triggers for the FMCG stock

Varun Beverages Quarterly Results: Date, Dividend News, Earnings Call Details And More

Varun Beverages Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

India’s thirst for ‘no added sugar’ increases; Varun Beverages notes significant shift in consumption habi

Varun Beverages Q2 Results: Reports marginal profit growth as domestic volumes slip; second interim dividend declared

Varun Beverages Q2 Results: Consolidated volumes drop 3%; lower finance costs aid margins

Varun Beverages Q2 Review: Target Price Tug-Of-War — Why Goldman Sachs Raises, CLSA Lowers

Varun Beverages Q2 profit up 5pc to ₹1,325.4 cr, revenue down 2.32 pc to ₹7,163 cr

Varun Beverages sees dip in volumes, holds margins steady amid weak summer

Varun Beverages Q2 Profit Rises 5% YoY

Where Could Varun Beverages Limited (540180) Be Headed - Powerful profit generation

Macro Trends and Their Impact on Varun Beverages Limited (540180) - High-yield trading alerts

Varun Beverages Limited (540180) Stock Experiences Sudden Dip - Free Consultation

Varun Beverages shares rise 2.08%; stock among top gainers on Nifty Next 50

Buy, Sell Or Hold: Mankind Pharma, Varun Beverages, Mahindra Lifespace, BHEL, Inox Wind — Ask Profit

Varun Beverages Ltd soars 1.45%, Gains for third straight session

Can Varun Beverages Avoid the Asian Paints Trap?

PepsiCo bottling partner shares can continue to see 33% upside despite near-term challenges, HSBC says

Stock Recommendations Today: L&T Technology, Varun Beverages, Swiggy, Nykaa On Brokerages Radar

Fundamentally strong FMCG stock trading at a discount of 33% to keep an eye on

Varun Beverages shares rise 2% as HSBC retains buy call, says recent dip unwarranted

Surge in Open Interest Signals Shift in Market Dynamics for Varun Beverages

Surge in Open Interest Signals Increased Market Activity for Varun Beverages Ltd

Why Varun Beverages Could Disappoint Investors with a Weak Q2 Results?

Varun Beverages' (NSE:VBL) investors will be pleased with their incredible 678% return over the last five years

Buy, Sell Or Hold: CDSL, Kirloskar, Natco Pharma, Puravankara, Varun Beverages, Nerolac — Ask Profit

Stocks to buy in 2025 for long term: Varun Beverages, DOMS among 5 stocks that could give 15-30% return

Why is Varun Beverages falling/rising?

Varun Beverages to Acquire 50% Stake in Everest Lanka for $3.75 Million

Varun Beverages Starts Commercial Production At Meghalaya Facility

Varun Beverages shares have a 25% upside potential, Goldman Sachs says

Varun Beverages Fizzing With Potential — Goldman Sachs Initiates Buy

Goldman Sachs sees 22% upside in Varun Beverages, starts coverage with Buy on long-term growth potential

Varun Beverages shares set for a 25% upside, here's why

Stock Recommendations Today: Varun Beverages, JK Cement, IT Sector On Brokerages Radar

Varun Beverages to buy 50 per cent stake in Everest Industrial Lanka

Proposal for establishment of Medanta Hospital and Varun Beverages plant in Chhattisgarh; Investors meet Chi..

Chhattisgarh in talks with Medanta Hospital, Varun Beverages for investment

Proposal for establishment of Medanta Hospital and Varun Beverages plant in Chhattisgarh; Investors meet Chief Minister

Varun Beverages Shows Potential Trend Reversal Amid Broader Market Gains

FMCG stock to buy now for an upside of 30%; Do you own it?

Varun Beverages to acquire 50% stake of Sri Lankan visi-cooler maker

Varun Beverages to Acquire 50% in Sri Lankan Firm for Nearly $4 Million

Varun Beverages shares fall by over 2% in today's trading session

Stocks To Watch Today On May 20: Power Grid, DLF, Vi, Airtel, Reliance Power, NLC, Varun Beverages and others

Varun Beverages to acquire 50% stake of Sri Lanka's Everest Industrial for $3.75 mn

Varun Beverages to acquire 50% stake in Everest Industrial Lanka for $3.75 mn

Varun Beverages To Acquire 50% Stake In Everest Industrial Lanka For USD 3.75 Million

Varun Beverages to acquire 50% stake in Everest Industrial Lanka

Varun Beverages Share Price Rises After Block Deals

Varun Beverages Shares Decline Amid High Volume Trading

I-Sec maintains Hold call on Varun Beverages; target price Rs 500