Varun Beverages Ltd share price logo

Varun Beverages Ltd (VBL)

₹1502.350.78%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Varun Beverages Ltd share Performance

  • ₹1,498.1
    ₹1,520
    ₹1502.35
    downward going graph

    0.28%

    Low

    Day's Volatility:1.46%

    High

    1.17%

    downward going graph
  • ₹755
    ₹1,561.95
    ₹1502.35
    downward going graph

    49.75%

    Low

    52 Weeks Volatility:53.71%

    High

    3.97%

    downward going graph
1 Month Return+ 5.81 %
3 Month Return-0.03 %
1 Year Return+ 94.63 %
Previous Close₹1,514.10
Open₹1,518.00
Volume10.31L
Upper Circuit-
Lower Circuit-
Market Cap₹1,96,742.72Cr

Analyst Rating

based on 18 analysts

BUY
84.21%
Buy
15.79%
Hold
0.00%
Sell

Based on 18 analysts offering long term price targets for Varun Beverages Ltd. An average target of ₹1565.94

Source: S&P Global Market Intelligence

Company Information

Varun Beverages Ltd is a leading Indian beverage company incorporated in 1995. Varun Beverages Ltd operates in the carbonated soft drinks, juices, packaged drinking water and non-aerated drinks categories. Its top products include Pepsi, 7UP, Mirinda, Mountain Dew, Aquafina and Slice. Its popular brands include Pepsi, 7UP, Mirinda, Mountain Dew and Slice.

Varun Beverages Ltd has a presence in over 23 states and 4 union territories in India and has a strong distribution network of over 1 million outlets.

Share Price: ₹1502.35 per share as on 23 May, 2024 04:01 PM
Market Capitalisation: ₹1,96,742.72Cr as of today
Revenue: ₹4,317.31Cr as on March 2024 (Q1 24)
Net Profit: ₹547.98Cr as on March 2024 (Q1 24)
Listing date: 08 Nov, 2016
Chairperson Name: RAVI KANT JAIPURIA
OrganisationVarun Beverages Ltd
HeadquartersGurugram
IndustryFMCG
E-voting on sharesClick here to vote

Key events for Varun Beverages Ltd

  • Varun Beverages Reports Strong Growth Amidst High Debt Levels - 23 May, 2024

    Varun Beverages Limited is expected to outpace the Indian market's average growth rate, with forecasts suggesting a 23.05% annual growth moving forward. Despite high debt levels, the company reported a 29.4% increase in earnings last year and demonstrated robust growth with Q1 revenue reaching INR 44.06 billion and net income at INR 5.37 billion.

  • Varun Beverages Poised for Growth Despite High Debt - 22 May, 2024

    Varun Beverages Limited is expected to outpace the Indian market with aggressive growth plans, including a subsidiary in Zimbabwe and new production facility. However, high debt levels may impact financial agility.

  • Motilal Oswal Recommends BUY Rating on Varun Beverages - 17 May, 2024

    Varun Beverages reported an 11% YoY revenue growth in 1QCY24, with expanded EBITDA margins of 240bp YoY. Motilal Oswal recommends a BUY rating with a target price of INR 1,720 due to volume growth and high realization.

  • KRChoksey Bullish on Varun Beverages, Recommends Buying Shares - 16 May, 2024

    Domestic brokerage KRChoksey is bullish on Varun Beverages with an upside potential of 15.51%. The broker believes the company's profitability will improve due to higher selling prices and cost efficiencies. KRChoksey has recommended buying Varun Beverages shares for a one-year target price of Rs 1,732.

  • Varun Beverages Receives Bullish Ratings After Strong Q1 Earnings - 14 May, 2024

    Varun Beverages reports a 10.9% YoY growth in revenue and a 25% YoY increase in PAT for Q1CY24. Brokerages maintain their bullish stance on the stock and raise target prices due to favourable growth outlook.

  • Varun Beverages Reports Strong Q1 Earnings Despite Share Slump - 13 May, 2024

    Varun Beverages reports a strong Q1 CY24 performance with a 24.9% YoY increase in net profit and an 11.3% YoY increase in revenue from operations. However, the company's shares slump by 4% following the announcement.

  • Varun Beverages Earns Higher Returns on Capital Employed - 12 May, 2024

    Varun Beverages has an ROCE of 28%, outpacing the industry average of 13%. Over the last five years, returns on capital employed have risen substantially to 28%. The business is earning more per dollar of capital invested and reinvesting in the business to generate higher returns.

  • Kotak identifies key beneficiaries of new PWM rules - 06 May, 2024

    According to Kotak, plastic recyclers such as Ganesha Ecosphere and innovative packaging companies like EPL, Uflex, and ITC will benefit from the roll-out of the new Plastic Waste Management (PWM) rules. These companies can provide solutions for making plastic recyclable, develop products using PCR, and offer economical alternatives to plastics.

  • Varun Beverages Ltd. Stock Trades 2.47% Up - 02 May, 2024

    Varun Beverages Ltd. stock traded 2.47% up at Rs 1515.55 with a bullish bias on the counter. The company reported consolidated sales of Rs 2676.8 crore, down 31.17% from the previous quarter and net profit of Rs 131.97 crore for the latest quarter.

  • Varun Beverages Poised for Growth Despite Challenges - 26 Apr, 2024

    Varun Beverages is expected to experience significant growth due to strong revenue growth and strategic expansions, although high debt levels and recent executive resignations may pose challenges. The company's high P/S ratio reflects investor confidence in its future revenue growth potential.

  • Varun Beverages Shares Rise After PepsiCo's Strong Earnings - 24 Apr, 2024

    Shares of Varun Beverages rose slightly following the release of strong earnings by one of its largest franchisees, PepsiCo. The company is a key player in the beverage industry and one of the largest franchisees of PepsiCo in the world.

Fundamentals of Varun Beverages Ltd

Insights on Varun Beverages Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 131.97 Cr → 537.27 Cr (in ₹), with an average increase of 75.4% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 6.75% to 7.16% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 2.67K Cr → 4.32K Cr (in ₹), with an average increase of 38.1% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 years, VBL stock has moved up by 578.2%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 26.58% to 25.78% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 63.09% to 62.91% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 2.31% to 2.26% in Mar 2024 quarter

Varun Beverages Ltd Valuation

Varun Beverages Ltd in the last 5 years

  • Overview

  • Trends

Lowest (31.40x)

June 15, 2018

Industry (66.47x)

May 22, 2024

Today (90.83x)

May 22, 2024

Highest (118.80x)

December 17, 2020

LowHigh

Mutual Fund Holdings

Funds Holdings
Nippon India Growth Fund - Direct Plan - GrowthNippon India Growth Fund - Direct Plan - Growth2.21%
Tata Large & Mid Cap Fund Direct Plan GrowthTata Large & Mid Cap Fund Direct Plan Growth5.58%
PGIM India Flexi Cap Fund Direct GrowthPGIM India Flexi Cap Fund Direct Growth3.42%
Axis Flexi Cap Fund Direct GrowthAxis Flexi Cap Fund Direct Growth1.53%
Nippon India Flexi Cap Fund Direct GrowthNippon India Flexi Cap Fund Direct Growth2.67%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
62.91%
0.00
Foreign Institutions
25.78%
0.00
Mutual Funds
2.26%
0.00
Retail Investors
7.16%
0.00
Others
1.89%
0.00

Technicals of Varun Beverages Ltd share

News & Events of Varun Beverages Ltd

News

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Varun Beverages Ltd (VBL) share price today is ₹1502.35

Varun Beverages Ltd is listed on NSE

Varun Beverages Ltd is listed on BSE

  • Today’s highest price of Varun Beverages Ltd is ₹1520.
  • Today’s lowest price of Varun Beverages Ltd is ₹1498.1.

PE Ratio of Varun Beverages Ltd is 90.83

PE ratio = Varun Beverages Ltd Market price per share / Varun Beverages Ltd Earnings per share

Today’s traded volume of Varun Beverages Ltd(VBL) is 10.31L.

Today’s market capitalisation of Varun Beverages Ltd(VBL) is ₹196742.72Cr.

Varun Beverages Ltd(VBLPrice
52 Week High
₹1561.95
52 Week Low
₹755

Varun Beverages Ltd(VBL) share price is ₹1502.35. It is down -3.82% from its 52 Week High price of ₹1561.95

Varun Beverages Ltd(VBL) share price is ₹1502.35. It is up 98.99% from its 52 Week Low price of ₹755

Varun Beverages Ltd(VBLReturns
1 Day Returns
-11.75%
1 Month Returns
5.81%
3 Month Returns
-0.03%
1 Year Returns
94.63%