as on January 21, 2026 at 10:24 am IST
Day's Low
Day's High
0.10%
Downside
1.79%
Upside
52 Week's Low
52 Week's High
12.51%
Downside
23.65%
Upside
as on January 21, 2026 at 10:24 am IST
Market Cap
₹1,65,413.07 Cr
Return on Equity (ROE)
19.64
PE Ratio (TTM)
55.64
Return on capital employed (ROCE)
22.98
Industry PE ratio
58.66
Beta (LTM)
1.01
P/B Ratio
13.04
Dividend Yield
0.16
PEG Ratio
57.96
Quarterly Earnings Growth YOY
18.5
EPS (TTM)
7.79
Sector
FMCG
Book Value
49.12
Technical Analysis
Bearish
View Technical Analysis
as on January 21, 2026 at 10:24 am IST
Varun Beverages in the last 5 years
Lowest (21.57x)
October 1, 2019
Today (55.64x)
January 20, 2026
Industry (58.66x)
January 20, 2026
Highest (118.78x)
December 17, 2020
Today’s Price to Earnings Ratio: 55.64x
Compare market cap, revenue, PE, and other key metrics of Varun Beverages with its industry peers.
Company | Analyst View | Market Cap(in ₹ Cr) | 5 Year CAGR | Debt to Asset Ratio | Net Profit(in ₹ Cr) | Yearly Revenue(in ₹ Cr) |
|---|---|---|---|---|---|---|
| BUY | 1,65,413.07 | 99.15% | 0.58 | 2,634 | 20,007 | |
| HOLD | 38,460.37 | 3.32% | 0.57 | 442 | 8,915 | |
| BUY | 95,908.48 | 21.99% | 0.53 | 1,582 | 12,069 | |
| BUY | 36,867.57 | 88.54% | 0.61 | 345 | 4,851 | |
| NA | 6,439.84 | 40.46% | 0.54 | NA | NA |
Based on 26 analysts
88.46%
Buy
11.54%
Hold
0.00%
Sell
Based on 26 analysts, 88.46% of analysts recommend a 'BUY' rating for Varun Beverages. Average target price of ₹597.81
Source: S&P Global Market Intelligence
Get share price movements and forecasts by analysts on Varun Beverages.
What analysts predicted
22.23%UPSIDE
Target Price
₹597.81
Current Price
₹479.55
Analyzed by
26 Analysts
High
₹744
Target
₹597.81
Low
₹500
Varun Beverages target price ₹597.81, a slight upside of 22.23% compared to current price of ₹479.55. According to 26 analysts rating.
Source: S&P Global Market Intelligence
Investment in Varun Beverages Ltd Shares on INDmoney has dropped by -14.65% over the past 30 days, indicating reduced transactional activity.
Time period: to
Search interest for Varun Beverages Ltd Stock has increased by 10% in the last 30 days, reflecting an upward trend in search activity.
Time period: to
Change:10% versus previous 30 day period
Figures in Rupees Crores
Figures in Rupees Crores
Figures in Rupees Crores
View detailed summary of the earnings and dividend history of Varun Beverages.
Varun Beverages Ltd’s net profit jumped 19.62% since last year same period to ₹741.19Cr in the Q2 2025-2026. On a quarterly growth basis, Varun Beverages Ltd has generated -43.72% fall in its net profits since last 3-months.
Read More about Earnings ResultsIn the quarter ending June 2025, Varun Beverages Ltd has declared dividend of ₹0.50 per share on 29 Jul 2025 - translating a dividend yield of 0.55%.
Read More about DividendsCheck stock indices that include Varun Beverages.
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
MF Holding Up
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Mutual Funds have increased holdings from 7.12% to 8.36% in Dec 2025 quarter
Price Rise
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In the last 1 month, VBL stock has moved up by 2.1%
Promoter Holding Unchanged
![]()
Promoters holdings remained unchanged at 59.44% of holdings in Dec 2025 quarter
Revenue Fall
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Revenue is down for the last 2 quarters, 7.09K Cr → 5.04K Cr (in ₹), with an average decrease of 28.9% per quarter
Retail Holding Down
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Retail Investor have decreased holdings from 6.84% to 6.70% in Dec 2025 quarter
FII Holding Down
![]()
Foreign Institutions have decreased holdings from 21.93% to 20.31% in Dec 2025 quarter
Profit Down
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Netprofit is down for the last 2 quarters, 1.31K Cr → 741.19 Cr (in ₹), with an average decrease of 43.7% per quarter
View the latest movement in Varun Beverages Futures & Options, including strike prices, expiry dates, and percentage changes.
Varun Beverages Options
Varun Beverages Futures
Founded in 1995, Varun Beverages Ltd (VBL) is a leading Indian beverage company and also one of the largest franchisees of PepsiCo in the world (outside the USA). It produces, distributes, and sells carbonated soft drinks along with non-carbonated beverages, including packaged drinking water, under PepsiCo’s trademarks.
The company’s product portfolio includes Pepsi, Pepsi Black, Mountain Dew, Sting, Seven-Up, Mirinda Orange, Seven-Up Nimbooz Masala Soda, Evervess, Tropicana Slice, Tropicana Juices, Seven-Up Nimbooz, Gatorade, and packaged drinking water, Aquafina. Varun Beverages Ltd has a presence in over 27 states and 7 union territories in India.
Varun Beverages was founded as a bottling partner of PepsiCo in India. The company launched its IPO in 2016 and entered into a partnership for the selling and distribution of the larger Tropicana portfolio in 2018. In 2022, the company entered into an agreement to distribute and sell Lays, Doritos, and Cheetos for PepsiCo in the territory of Morocco and also commenced commercial production of Kurkure Puffcorn at the manufacturing plant in Kosi, Uttar Pradesh, for PepsiCo.
Varun Beverages’ major business segments are as follows:
| Business Segment | Description |
| Carbonated Soft Drinks (CSDs) | Varun Beverages produces and sells CSD brands for PepsiCo; these brands include Pepsi, Pepsi Zero, Mountain Dew, Sting, Seven-Up, Mirinda, Seven-Up Nimbooz Masala Soda, and Evervess. |
| Non-Carbonated Beverages (NCBs) | The NCB brands include Slice, Tropicana Juices (100% and Delight), Seven-Up Nimbooz, Gatorade, and Aquafina. |
| Organisation | Varun Beverages Ltd |
| Headquarters | Gurugram |
| Industry | FMCG |
| CEO | RAVI KANT JAIPURIA |
| E-voting on shares | Click here to vote |
Varun Beverages share price today stands at ₹479.55 as on . Varun Beverages share today touched a day high of ₹488.15 and a low of ₹479.05.
Varun Beverages touched a 52 week high of ₹592.95 and a 52 week low of ₹419.55. Varun Beverages share price today i.e. is trending at ₹479.55, which is -19.12% down from its 52 week high and 14.30% up from its 52 week low.
Varun Beverages market capitalisation is ₹1,65,413.07 Cr as on .
To buy Varun Beverages shares, you need to follow these steps:
Varun Beverages trading volume is 13.62L as on . This means that 13.62L shares of Varun Beverages were bought and sold on the stock market during today's trading session.
Varun Beverages is a leading beverage company in India. It produces, distributes, and sells carbonated soft drinks along with non-carbonated beverages, including packaged drinking water.