Varun Beverages Ltd share price logo

Varun Beverages Share Price

NSE: VBL

BSE: 540180

Large Cap

FMCG Sector

₹401.45

-3.20

(-0.79%)

as on

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Tech Chart

Varun Beverages Stock Performance

as on March 20, 2026 at 9:31 pm IST

  • Day's Low

    Day's High

    ₹400.00
    ₹409.65
    downward going graph

    0.36%

    Downside

    2.04%

    Upside

    downward going graph

  • 52 Week's Low

    52 Week's High

    ₹400.00
    ₹568.50
    downward going graph

    0.36%

    Downside

    41.61%

    Upside

    downward going graph

Varun Beverages share price movements today

Previous Close
₹404.65
Open
₹406.00
Volume
55.25L
Upper Circuit
₹445.10
Lower Circuit
₹364.20
Day's Low - High
₹400.00 - ₹409.65
52 Week Low - High
₹400.00 - ₹568.50

Varun Beverages Historical Returns

1 Month Return
-12.21 %
3 Month Return
-17.34 %
1 Year Return
-25.37 %
3 Year Return
+ 49.41 %
5 Year Return
+ 351.68 %

Varun Beverages Fundamentals

as on March 20, 2026 at 4:01 pm IST

Market Cap

₹1,35,774.18 Cr

Return on Equity (ROE)

15.16

PE Ratio (TTM)

44.75

Return on capital employed (ROCE)

19.35

Industry PE ratio

52.37

Beta (LTM)

0.91

P/B Ratio

8.83

Dividend Yield

0.31

PEG Ratio

45.3

Quarterly Earnings Growth YOY

32.9

EPS (TTM)

9.05

Sector

FMCG

Book Value

57.89

Technical Analysis

Bearish

View Technical Analysis

Varun Beverages Stock Valuation

as on March 20, 2026 at 4:01 pm IST

Varun Beverages in the last 5 years

  • Overview

  • Trends

Lowest (21.57x)

October 1, 2019

Today (44.75x)

March 20, 2026

Industry (52.37x)

March 20, 2026

Highest (118.78x)

December 17, 2020

LowHigh

Today’s Price to Earnings Ratio: 44.75x

Varun Beverages Ltd vs Peer Comparison

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 CAGRDebt to Asset Ratio
Net Profit(in ₹ Cr)
Yearly Revenue(in ₹ Cr)
Varun Beverages Ltd image
Varun Beverages Ltd
BUY1,35,774.1870.34%0.563,06221,685
United Breweries Ltd image
United Breweries Ltd
BUY41,482.525.07%0.574428,915
United Spirits Ltd image
United Spirits Ltd
BUY94,562.8827.91%0.531,58212,069
Radico Khaitan Ltd image
Radico Khaitan Ltd
BUY35,623.5580.25%0.613454,851
Tata Coffee Ltd image
Tata Coffee Ltd
NA6,439.8439.19%0.54NANA

Market expectation of Varun Beverages Stock

Common consensus of the market based on various publicly available news, publications,brokerage expectation and market data

BUY

87.50%

Buy

12.50%

Hold

0.00%

Sell

Varun Beverages Stock’s Investor Sentiment and Interest

Investment in Varun Beverages Ltd Shares on INDmoney has grown by 11.82% over the past 30 days, indicating increased transactional activity.

Time period: to

Change:11.82% versus previous 30 day period

Search interest for Varun Beverages Ltd Stock has decreased by -11% in the last 30 days, reflecting a downward trend in search activity.

Time period: to

Change:-11% versus previous 30 day period

Varun Beverages Ltd Quarterly Profit & Loss

Figures in Rupees Crores

Mar 2023
Jun 2023
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Sales
3,892.98
5,611.4
3,870.52
2,667.69
4,317.31
7,196.86
4,804.68
3,688.79
5,566.94
7,017.37
4,896.65
4,204.42
Other Income
10.14
41.6
18.51
9.32
8.35
44.03
24.25
44.64
28.06
77.16
148.03
99.11
Total Income
3,903.11
5,653
3,889.02
2,677.01
4,325.67
7,240.89
4,828.93
3,733.43
5,594.99
7,094.53
5,044.68
4,303.53
Expenses
3,094.96
4,100.62
2,988.8
2,249.4
3,328.71
5,206.18
3,653.66
3,109.51
4,303.55
5,019.79
3,750.95
3,567.75
Operating Profit
798.02
1,510.78
881.72
418.29
988.6
1,990.68
1,151.02
579.28
1,263.39
1,997.58
1,145.7
636.67
Operating Profit Margin %
20.5%
26.92%
22.78%
15.68%
22.9%
27.66%
23.96%
15.7%
22.69%
28.47%
23.4%
15.14%
Profit Before Interest, Tax and Depreciation
808.15
1,552.38
900.23
427.61
996.95
2,034.71
1,175.28
623.92
1,291.45
2,074.74
1,293.73
735.78
Interest
62.57
69.37
62.5
73.66
93.69
129.16
118.54
109.01
41.12
36.55
45.21
46.69
Depreciation
172.2
171.93
170.81
165.97
187.52
242.48
256.61
260.78
272.51
306.15
307.6
330.2
Profit Before Tax
573.38
1,311.08
666.92
187.98
715.74
1,663.07
800.13
254.13
977.82
1,732.04
940.92
358.89
Tax Paid
134.8
305.66
152.86
44.22
167.77
401.24
171.3
58.5
246.45
406.55
195.72
98.88
Profit After Tax
438.57
1,005.42
514.06
143.76
547.98
1,261.83
628.83
195.64
731.36
1,325.49
745.19
260
Total Net profit including share of profit / Loss from associate company
438.57
1,005.42
514.06
143.76
547.98
1,261.83
628.83
195.64
731.36
1,325.49
745.19
260
EPS
6.61
7.65
3.86
1.02
4.14
9.64
1.91
0.56
2.15
3.89
2.19
0.74
Actual EPS
6.61
7.65
3.86
1.02
4.14
9.64
1.91
0.56
2.15
3.89
2.19
0.74
Adjusted EPS
1.32
3.06
1.54
0.41
1.66
3.86
1.91
0.56
2.15
3.89
2.19
0.74
Diluted EPS
6.6
7.65
3.86
1.02
4.13
9.63
1.91
0.56
2.15
3.89
2.19
0.74

Varun Beverages Ltd Annual Profit & Loss

Figures in Rupees Crores

Dec 2017
Dec 2018
Dec 2019
Dec 2020
Dec 2021
Dec 2022
Dec 2023
Dec 2024
Dec 2025
Sales
4,003.54
5,105.26
7,129.58
6,450.14
8,823.23
13,173.14
16,042.58
20,007.65
21,685.38
Other Income
13.86
24.84
46.89
36.97
67.93
38.85
79.36
121.27
352.35
Total Income
4,017.4
5,130.1
7,176.47
6,487.11
8,891.16
13,211.99
16,121.94
20,128.92
22,037.73
Expenses
3,167.63
4,098.67
5,681.93
5,314.8
7,168.59
10,385.04
12,433.58
15,298.06
16,642.04
Operating Profit
835.91
1,006.59
1,447.65
1,135.34
1,654.64
2,788.1
3,609
4,709.59
5,043.34
Operating Profit Margin %
20.88%
19.72%
20.3%
17.6%
18.75%
21.17%
22.5%
23.54%
23.26%
Profit Before Interest, Tax and Depreciation
849.77
1,031.43
1,494.54
1,172.31
1,722.57
2,826.95
3,688.37
4,830.86
5,395.69
Interest
212.18
212.56
309.64
281.1
184.7
186.12
268.1
450.39
169.58
Depreciation
346.64
385.07
488.63
528.7
531.26
617.19
680.91
947.39
1,216.46
Profit Before Tax
290.95
433.8
696.27
362.51
1,006.61
2,023.64
2,739.36
3,433.08
4,009.65
Tax Paid
76.9
133.93
224.07
5.23
260.55
473.53
637.55
798.8
947.61
Profit After Tax
214.06
299.86
472.21
357.27
746.05
1,550.11
2,101.81
2,634.29
3,062.04
Total Net profit including share of profit / Loss from associate company
214.06
299.86
472.21
357.27
746.05
1,550.11
2,101.81
2,634.29
3,062.04
EPS
11.52
16.04
16.83
7.6
16.03
23.05
15.83
7.95
8.98
Actual EPS
11.52
16.04
16.83
7.6
16.03
23.05
15.83
7.95
8.98
Adjusted EPS
0.68
0.95
1.5
0.68
2.14
4.61
6.33
7.95
8.98
Diluted EPS
11.51
16.03
16.83
7.6
16.03
23.05
15.82
7.94
8.98

Varun Beverages Ltd Cash Flow

Figures in Rupees Crores

Dec 2015
Dec 2016
Dec 2017
Dec 2018
Dec 2019
Dec 2020
Dec 2021
Dec 2022
Dec 2023
Dec 2024
Dec 2025
Net Cash from Operating Activities
554.79
825.78
619.76
999.78
1,307.6
1,011.99
1,231.42
1,790.03
2,390.78
3,381.1
3,509.31
Cash Flow from Investing Activities
-299.67
-1,047.8
-745.95
-937.41
-2,319.91
-471.67
-1,007.55
-1,768.51
-3,287.8
-4,310.56
-2,724.95
Cash Flow from Financing Activities
-236
750.83
158.52
215.61
1,107.34
-573.73
-177.69
-17.95
984.9
2,953.53
-1,266.47
Net Cash Flow
19.12
8.21
32.45
-22.01
95.03
-33.41
46.19
3.58
87.88
2,024.07
-482.11

Varun Beverages Stock Shareholding Pattern

Numbers in percentages

Jun 2023
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Nov 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Promoters
63.62%
63.1%
63.09%
62.91%
62.66%
62.66%
60.2%
60.2%
60.23%
59.82%
59.44%
59.44%
DII
2.94%
3.36%
3.58%
4.15%
4.55%
4.98%
6.49%
7.02%
9.21%
10.53%
11.79%
13.56%
FII
0.01%
0.01%
26.58%
25.78%
25.32%
24.18%
25.24%
25.26%
22.98%
21.85%
21.93%
20.31%
Public
6.51%
6%
6.75%
7.16%
7.46%
8.18%
8.06%
7.52%
7.58%
7.8%
6.84%
6.7%
Total Outstanding Shares
1,29,91,36,476
1,29,91,36,476
1,29,92,14,976
1,29,94,03,713
1,29,94,40,413
3,24,86,77,405
3,38,14,68,767
3,38,15,10,017
3,38,18,65,692
3,38,19,16,894
3,38,19,61,269
3,38,19,88,769
Total Shareholders
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
9,68,419
9,02,881
8,72,933

Mutual Funds that own Varun Beverages Stock

Check out the Mutual Funds with significant holdings in Varun Beverages.

Varun Beverages Corporate Actions

View detailed summary of the earnings and dividend history of Varun Beverages.

  • Varun Beverages Ltd Earnings Results

    Varun Beverages Ltd’s net profit jumped 35.99% since last year same period to ₹251.79Cr in the Q3 2025-2026. On a quarterly growth basis, Varun Beverages Ltd has generated -66.03% fall in its net profits since last 3-months.

    Read More about Earnings Results

  • Varun Beverages Ltd Dividends July,2025

    In 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 0.68%.

    Read More about Dividends

Indices Featuring Varun Beverages Stock

Check stock indices that include Varun Beverages.

Nifty FMCG

₹47,007.55

0.31 (▲145.60%)

NIFTY 100

₹23,766.10

0.48 (▲114.15%)

BSE MFG

₹1,032.11

0.90 (▲9.24%)

S&P BSE 100 ESG

₹386.72

0.49 (▲1.87%)

S&P BSE 250 LargeMidCap

₹10,004.10

0.51 (▲50.77%)

Nifty 200

₹12,985.40

0.52 (▲66.75%)

Nifty100 Eq Weig

₹31,179.15

0.62 (▲190.70%)

S&P BSE Dividend Stability

₹992.89

0.90 (▲8.83%)

S&P BSE 100 LargeCap TMC

₹8,587.41

0.47 (▲40.09%)

S&P BSE SEN. N50

₹78,010.25

0.59 (▲458.70%)

BSE 200

₹10,549.88

0.53 (▲55.21%)

Nifty LargeMidcap 250

₹15,156.60

0.54 (▲80.70%)

BSE FMCG Sector

₹17,320.21

0.46 (▲78.96%)

BSE 500

₹33,423.61

0.51 (▲168.45%)

Nifty 500

₹21,327.90

0.48 (▲102.10%)

BSE 100

₹24,272.09

0.49 (▲118.42%)

Nifty India Consumption

₹10,671.65

0.75 (▲79.95%)

Nifty100 Quality

₹5,212.30

0.90 (▲46.25%)

Nifty Next 50

₹63,862.30

0.45 (▲288.50%)

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

    MF Holding Up

    img

    Mutual Funds have increased holdings from 7.12% to 8.36% in Dec 2025 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 59.44% of holdings in Dec 2025 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, VBL stock has moved down by -1.4%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 3 quarters, 1.31K Cr → 251.79 Cr (in ₹), with an average decrease of 54.9% per quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 6.84% to 6.70% in Dec 2025 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 21.93% to 20.31% in Dec 2025 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 3 quarters, 7.09K Cr → 4.30K Cr (in ₹), with an average decrease of 21.8% per quarter

Varun Beverages Stock Futures & Options Contracts

View the latest movement in Varun Beverages Futures & Options, including strike prices, expiry dates, and percentage changes.

Varun Beverages Options

Name
Expiry
Strike Price
LTP
Absolute Change
Change
VBL 30 Mar ₹410 Call
March 30, 2026
₹410
₹5.8
-1.45
-20%
VBL 30 Mar ₹430 Call
March 30, 2026
₹430
₹1.65
-0.55
-25%
VBL 30 Mar ₹405 Call
March 30, 2026
₹405
₹7.6
-2.1
-21.65%
VBL 30 Mar ₹420 Call
March 30, 2026
₹420
₹2.9
-1.1
-27.5%

Varun Beverages Futures

Name
Expiry
Strike Price
LTP
Absolute Change
Change
VBL 30 Mar Fut
March 30, 2026
-
₹401.6
-3.12
-0.77%
VBL 28 Apr Fut
April 28, 2026
-
₹404.25
-2.77
-0.68%
VBL 26 May Fut
May 26, 2026
-
₹406.7
-2.41
-0.59%

About Varun Beverages Ltd

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.

Business Segments of Varun Beverages

Varun Beverages’ major business segments are as follows:

Business SegmentDescription
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.
OrganisationVarun Beverages Ltd
HeadquartersGurugram
IndustryFMCG
CEORAVI KANT JAIPURIA
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FAQs

What is Varun Beverages share price today?

Varun Beverages share price today stands at ₹401.45 as on at the close of the market. Varun Beverages share today touched a day high of ₹409.65 and a low of ₹400.

What is the 52 week high and 52 week low range for Varun Beverages share?

Varun Beverages touched a 52 week high of ₹568.5 and a 52 week low of ₹400. Varun Beverages share price today i.e. is closed at ₹401.45, which is -29.38% down from its 52 week high and 0.36% up from its 52 week low.

What is Varun Beverages's market capitalisation today?

Varun Beverages market capitalisation is ₹1,35,774.18 Cr as on .

How to buy Varun Beverages shares?

To buy Varun Beverages shares, you need to follow these steps:

  • Open a Demat account and Trading account on INDmoney
  • Fund your Trading account
  • Search for VBL or Varun Beverages Ltd on the INDmoney app to check live prices of the stock
  • Click on Buy or SIP to place an order to invest in Varun Beverages shares. You can invest by selecting the number of shares or set up a fixed SIP to invest every month or week.

What is Varun Beverages trading volume today?

Varun Beverages trading volume is 55.25L as on . This means that 55.25L shares of Varun Beverages were bought and sold on the stock market during today's trading session.

What does Varun Beverages do?

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.