Varun Beverages Ltd share price logo

Varun Beverages Share Price

NSE: VBL

BSE: 540180

Large Cap

FMCG Sector

473.50

+2.50

(+0.53%)

as on

bell
The current prices are delayed by 15 mins, login to check live prices.

Varun Beverages Stock Performance

as on November 6, 2025 at 1:02 pm IST

  • Day's Low

    Day's High

    ₹470.2
    ₹478.8
    downward going graph

    0.70%

    Downside

    1.12%

    Upside

    downward going graph
  • 52 Week's Low

    52 Week's High

    ₹419.55
    ₹663.6
    downward going graph

    11.39%

    Downside

    40.15%

    Upside

    downward going graph

Varun Beverages share price movements today

Previous Close
₹471.00
Open
₹473.80
Volume
31.90L
Upper Circuit
₹518.10
Lower Circuit
₹423.90
Day's Low - High
₹470.2 - ₹478.8
52 Week Low - High
₹419.55 - ₹663.6

Varun Beverages Historical Returns

1 Month Return
+ 7.3 %
3 Month Return
-5.65 %
1 Year Return
-21.4 %
3 Year Return
+ 106.29 %
5 Year Return
+ 663.12 %

Varun Beverages Fundamentals

as on November 6, 2025 at 1:02 pm IST

Market Cap

₹1,59,291.67 Cr

Return on Equity (ROE)

19.64

PE Ratio (TTM)

53.58

Return on capital employed (ROCE)

22.98

Industry PE ratio

56.67

Beta (LTM)

0.84

P/B Ratio

13.04

Dividend Yield

0.16

PEG Ratio

55.82

Quarterly Earnings Growth YOY

18.5

EPS (TTM)

7.79

Sector

FMCG

Book Value

49.12

Technical Analysis

Varun Beverages Stock Valuation

as on November 6, 2025 at 1:02 pm IST

Varun Beverages in the last 5 years

  • Overview

  • Trends

Lowest (21.57x)

October 1, 2019

Today (53.58x)

November 4, 2025

Industry (56.67x)

November 4, 2025

Highest (118.78x)

December 17, 2020

LowHigh

Today’s Price to Earnings Ratio: 53.58x

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)
BUY1,59,291.67132.62%0.582,63420,007
HOLD47,984.2518.18%0.574428,915
BUY1,05,531.3433.32%0.531,58212,069
BUY42,835.46127.02%0.613454,851
NA6,439.8447.97%0.54NANA

Analyst Recommendation on Varun Beverages Stock

Based on 25 analysts

BUY

88.00%

Buy

12.00%

Hold

0.00%

Sell

Based on 25 analysts, 88% of analysts recommend a 'BUY' rating for Varun Beverages. Average target price of ₹597.12

Source: S&P Global Market Intelligence

Varun Beverages Share Price Target

Get share price movements and forecasts by analysts on Varun Beverages.

What analysts predicted

26.78%UPSIDE

Target Price

₹597.12

Current Price

₹473.5

Analyzed by

25 Analysts

High

₹744

Target

₹597.12

Low

₹450

Varun Beverages target price 597.12, a slight upside of 26.78% compared to current price of ₹473.5. According to 25 analysts rating.

Source: S&P Global Market Intelligence

Varun Beverages Stock’s Investor Sentiment and Interest

Investment in Varun Beverages Ltd Shares on INDmoney has grown by 18.12% over the past 30 days, indicating increased transactional activity.

Time period: to

Change:18.12% versus previous 30 day period

Search interest for Varun Beverages Ltd Stock has increased by 123% in the last 30 days, reflecting an upward trend in search activity.

Time period: to

Change:123% versus previous 30 day period

Varun Beverages Ltd Quarterly Profit & Loss

Figures in Rupees Crores

Dec 2022
Mar 2023
Jun 2023
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Sales
2,214.24
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
Other Income
9.25
10.14
41.6
18.51
9.32
8.35
44.03
24.25
44.64
28.06
77.16
148.03
Total Income
2,223.48
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
Expenses
1,906.74
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
Operating Profit
307.5
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
Operating Profit Margin %
13.89%
20.5%
26.92%
22.78%
15.68%
22.9%
27.66%
23.96%
15.7%
22.69%
28.47%
23.4%
Profit Before Interest, Tax and Depreciation
316.74
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
Interest
47.48
62.57
69.37
62.5
73.66
93.69
129.16
118.54
109.01
41.12
36.55
45.21
Depreciation
179.66
172.2
171.93
170.81
165.97
187.52
242.48
256.61
260.78
272.51
306.15
307.6
Profit Before Tax
89.6
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
Tax Paid
8.08
134.8
305.66
152.86
44.22
167.77
401.24
171.3
58.5
246.45
406.55
195.72
Profit After Tax
81.52
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
Total Net profit including share of profit / Loss from associate company
81.52
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
EPS
1.15
6.61
7.65
3.86
1.02
4.14
9.64
1.91
0.56
2.15
3.89
2.19
Actual EPS
1.15
6.61
7.65
3.86
1.02
4.14
9.64
1.91
0.56
2.15
3.89
2.19
Adjusted EPS
0.23
1.32
3.06
1.54
0.41
1.66
3.86
1.91
0.56
2.15
3.89
2.19
Diluted EPS
1.15
6.6
7.65
3.86
1.02
4.13
9.63
1.91
0.56
2.15
3.89
2.19

Varun Beverages Ltd Annual Profit & Loss

Figures in Rupees Crores

Dec 2016
Dec 2017
Dec 2018
Dec 2019
Dec 2020
Dec 2021
Dec 2022
Dec 2023
Dec 2024
Sales
3,861.18
4,003.54
5,105.26
7,129.58
6,450.14
8,823.23
13,173.14
16,042.58
20,007.65
Other Income
38.11
13.86
24.84
46.89
36.97
67.93
38.85
79.36
121.27
Total Income
3,899.29
4,017.4
5,130.1
7,176.47
6,487.11
8,891.16
13,211.99
16,121.94
20,128.92
Expenses
3,065.22
3,167.63
4,098.67
5,681.93
5,314.8
7,168.59
10,385.04
12,433.58
15,298.06
Operating Profit
795.96
835.91
1,006.59
1,447.65
1,135.34
1,654.64
2,788.1
3,609
4,709.59
Operating Profit Margin %
20.61%
20.88%
19.72%
20.3%
17.6%
18.75%
21.17%
22.5%
23.54%
Profit Before Interest, Tax and Depreciation
834.08
849.77
1,031.43
1,494.54
1,172.31
1,722.57
2,826.95
3,688.37
4,830.86
Interest
432.54
212.18
212.56
309.64
281.1
184.7
186.12
268.1
450.39
Depreciation
322.21
346.64
385.07
488.63
528.7
531.26
617.19
680.91
947.39
Profit Before Tax
79.33
290.95
433.8
696.27
362.51
1,006.61
2,023.64
2,739.36
3,433.08
Tax Paid
31.3
76.9
133.93
224.07
5.23
260.55
473.53
637.55
798.8
Profit After Tax
48.04
214.06
299.86
472.21
357.27
746.05
1,550.11
2,101.81
2,634.29
Total Net profit including share of profit / Loss from associate company
48.04
214.06
299.86
472.21
357.27
746.05
1,550.11
2,101.81
2,634.29
EPS
2.92
11.52
16.04
16.83
7.6
16.03
23.05
15.83
7.95
Actual EPS
2.92
11.52
16.04
16.83
7.6
16.03
23.05
15.83
7.95
Adjusted EPS
0.17
0.68
0.95
1.5
0.68
2.14
4.61
6.33
7.95
Diluted EPS
2.51
11.51
16.03
16.83
7.6
16.03
23.05
15.82
7.94

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
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
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
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
Net Cash Flow
19.12
8.21
32.45
-22.01
95.03
-33.41
46.19
3.58
87.88
2,024.07

Varun Beverages Stock Shareholding Pattern

Numbers in percentages

Dec 2022
Mar 2023
Jun 2023
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Nov 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Promoters
63.9%
63.9%
63.62%
63.1%
63.09%
62.91%
62.66%
62.66%
60.2%
60.2%
60.23%
59.82%
59.44%
DII
3.44%
3.68%
2.94%
3.36%
3.58%
4.15%
4.55%
4.98%
6.49%
7.02%
9.21%
10.53%
11.79%
FII
0%
0%
0.01%
0.01%
26.58%
25.78%
25.32%
24.18%
25.24%
25.26%
22.98%
21.85%
21.93%
Public
6.2%
6.42%
6.51%
6%
6.75%
7.16%
7.46%
8.18%
8.06%
7.52%
7.58%
7.8%
6.84%
Total Outstanding Shares
64,95,49,620
64,95,58,032
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
Total Shareholders
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
9,68,419
9,02,881

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 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 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 0.58%.

    Read More about Dividends

Indices Featuring Varun Beverages Stock

Check stock indices that include Varun Beverages.

NIFTY 100

₹26,268.75

-0.06 (-15.7%)

Nifty FMCG

₹55,969.90

0.28 (154.3%)

BSE FMCG Sector

₹20,554.04

0.25 (51.66%)

BSE 200

₹11,630.47

-0.13 (-15.24%)

S&P BSE 100 ESG

₹429.42

-0.02 (-0.07%)

S&P BSE 250 LargeMidCap

₹11,033.62

-0.16 (-17.87%)

BSE 100

₹26,883.30

-0.04 (-10.49%)

S&P BSE SEN. N50

₹86,577.86

-0.42 (-366.96%)

Nifty 200

₹14,312.40

-0.15 (-21.05%)

S&P BSE Largecap

₹9,867.24

-0.06 (-5.68%)

S&P BSE 100 LargeCap TMC

₹9,472.25

-0.04 (-3.91%)

Nifty100 Quality

₹5,704.60

0.34 (19.1%)

BSE MFG

₹1,080.45

0.11 (1.2%)

S&P BSE Dividend Stability

₹1,026.70

-0.26 (-2.65%)

Nifty LargeMidcap 250

₹16,621.10

-0.32 (-52.8%)

Nifty100 Eq Weig

₹33,741.00

-0.43 (-144.55%)

Nifty India Consumption

₹12,396.50

0.1 (12.2%)

Nifty 500

₹23,613.90

-0.26 (-61.55%)

BSE 500

₹37,058.56

-0.24 (-88.78%)

Nifty Next 50

₹69,720.35

-0.64 (-448.45%)

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 6.46% to 7.12% in Sep 2025 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 month, VBL stock has moved up by 7.3%

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 21.85% to 21.93% in Sep 2025 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 7.80% to 6.84% in Sep 2025 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 59.82% to 59.44% in Sep 2025 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 7.09K Cr → 5.04K Cr (in ₹), with an average decrease of 28.9% per quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 1.31K Cr → 741.19 Cr (in ₹), with an average decrease of 43.7% 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 25 Nov ₹480 Call
November 25, 2025
₹480
₹8.35
0.15
1.83%
VBL 25 Nov ₹500 Call
November 25, 2025
₹500
₹3.3
-0.1
-2.94%
VBL 25 Nov ₹490 Call
November 25, 2025
₹490
₹5.15
-0.15
-2.83%
VBL 25 Nov ₹475 Call
November 25, 2025
₹475
₹10.5
0.3
2.94%

Varun Beverages Futures

Name
Expiry
Strike Price
LTP
Absolute Change
Change
VBL 25 Nov Fut
November 25, 2025
-
₹474.25
1.94
0.41%
VBL 30 Dec Fut
December 30, 2025
-
₹477.45
2.04
0.43%
VBL 27 Jan Fut
January 27, 2026
-
₹478.45
0
0%

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 ₹473.5 as on . Varun Beverages share today touched a day high of ₹478.8 and a low of ₹470.2.

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

Varun Beverages touched a 52 week high of ₹663.6 and a 52 week low of ₹419.55. Varun Beverages share price today i.e. is trending at ₹473.5, which is -28.65% down from its 52 week high and 12.86% up from its 52 week low.

What is Varun Beverages's market capitalisation today?

Varun Beverages market capitalisation is ₹1,59,291.67 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 31.90L as on . This means that 31.90L 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.