Varun Beverages Ltd share price logo

Varun Beverages Share Price

NSE: VBL

BSE: 540180

Large Cap

FMCG Sector

462.90

-8.75

(-1.86%)

as on

bell
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Varun Beverages Stock Performance

as on September 16, 2025 at 4:02 pm IST

  • Day's Low

    Day's High

    ₹461.85
    ₹472.7
    downward going graph

    0.23%

    Downside

    2.12%

    Upside

    downward going graph
  • 52 Week's Low

    52 Week's High

    ₹419.55
    ₹668
    downward going graph

    9.36%

    Downside

    44.31%

    Upside

    downward going graph

Varun Beverages share price movements today

Previous Close
₹471.65
Open
₹470.00
Volume
47.94L
Upper Circuit
₹518.80
Lower Circuit
₹424.50
Day's Low - High
₹461.85 - ₹472.7
52 Week Low - High
₹419.55 - ₹668

Varun Beverages Historical Returns

1 Month Return
-5.63 %
3 Month Return
-0.32 %
1 Year Return
-24.06 %
3 Year Return
+ 113.93 %
5 Year Return
+ 629.32 %

Varun Beverages Fundamentals

as on September 16, 2025 at 4:02 pm IST

Market Cap

₹1,59,510.20 Cr

Return on Equity (ROE)

19.64

PE Ratio (TTM)

55.42

Return on capital employed (ROCE)

22.98

Industry PE ratio

59.34

Beta (LTM)

0.85

P/B Ratio

13.04

Dividend Yield

0.16

PEG Ratio

52.99

Quarterly Earnings Growth YOY

5.05

EPS (TTM)

7.79

Sector

FMCG

Book Value

49.12

Technical Analysis

Varun Beverages Stock Valuation

as on September 16, 2025 at 4:02 pm IST

Varun Beverages in the last 5 years

  • Overview

  • Trends

Lowest (21.57x)

October 1, 2019

Today (55.42x)

September 15, 2025

Industry (59.34x)

September 15, 2025

Highest (118.78x)

December 17, 2020

LowHigh

Today’s Price to Earnings Ratio: 55.42x

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)
BUY1,59,510.20125.86%0.582,63420,007
HOLD47,534.7614.86%0.574428,915
BUY95,668.4628.01%0.531,58212,069
BUY39,900.55107.04%0.613454,851
NA6,439.8442.18%0.54NANA

Analyst Recommendation on Varun Beverages Stock

Based on 24 analysts

BUY

87.50%

Buy

12.50%

Hold

0.00%

Sell

Based on 24 analysts, 87.5% of analysts recommend a 'BUY' rating for Varun Beverages. Average target price of ₹606.42

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

28.57%UPSIDE

Target Price

₹606.42

Current Price

₹462.9

Analyzed by

24 Analysts

High

₹774

Target

₹606.42

Low

₹500

Varun Beverages target price 606.42, a slight upside of 28.57% compared to current price of ₹462.9. According to 24 analysts rating.

Source: S&P Global Market Intelligence

Varun Beverages Stock's Interest Amongst Investors

Investment in Varun Beverages Ltd Shares on INDmoney has dropped by -16.87% over the past 30 days, indicating reduced transactional activity.

Time period: to

Change:-16.87% versus previous 30 day period

Search interest for Varun Beverages Ltd Stock has decreased by -26% in the last 30 days, reflecting a downward trend in search activity.

Time period: to

Change:-26% versus previous 30 day period

Varun Beverages Ltd Quarterly Profit & Loss

Figures in Rupees Crores

Sep 2022
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sales
3,176.62
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
Other Income
10.62
9.25
10.14
41.6
18.51
9.32
8.35
44.03
24.25
44.64
28.06
77.16
Total Income
3,187.24
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
Expenses
2,477.63
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
Operating Profit
698.99
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
Operating Profit Margin %
22%
13.89%
20.5%
26.92%
22.78%
15.68%
22.9%
27.66%
23.96%
15.7%
22.69%
28.47%
Profit Before Interest, Tax and Depreciation
709.61
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
Interest
45.29
47.48
62.57
69.37
62.5
73.66
93.69
129.16
118.54
109.01
41.12
36.55
Depreciation
153.14
179.66
172.2
171.93
170.81
165.97
187.52
242.48
256.61
260.78
272.51
306.15
Profit Before Tax
511.18
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
Tax Paid
115.69
8.08
134.8
305.66
152.86
44.22
167.77
401.24
171.3
58.5
246.45
406.55
Profit After Tax
395.49
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
Total Net profit including share of profit / Loss from associate company
395.49
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
EPS
5.87
1.15
6.61
7.65
3.86
1.02
4.14
9.64
1.91
0.56
2.15
3.89
Actual EPS
5.87
1.15
6.61
7.65
3.86
1.02
4.14
9.64
1.91
0.56
2.15
3.89
Adjusted EPS
1.17
0.23
1.32
3.06
1.54
0.41
1.66
3.86
1.91
0.56
2.15
3.89
Diluted EPS
5.87
1.15
6.6
7.65
3.86
1.02
4.13
9.63
1.91
0.56
2.15
3.89

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
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%
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%
FII
0%
0%
0.01%
0.01%
26.58%
25.78%
25.32%
24.18%
25.24%
25.26%
22.98%
21.85%
Public
6.2%
6.42%
6.51%
6%
6.75%
7.16%
7.46%
8.18%
8.06%
7.52%
7.58%
7.8%
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
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

Mutual Funds that own Varun Beverages Stock

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

Varun Beverages Earnings and Dividends

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

  • Varun Beverages Ltd Earnings Results

    Varun Beverages Ltd’s net profit jumped 5.14% since last year same period to ₹1,317.02Cr in the Q1 2025-2026. On a quarterly growth basis, Varun Beverages Ltd has generated 81.29% jump 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.

S&P BSE SEN. N50

₹85,044.86

0.5 (427.29%)

S&P BSE 100 LargeCap TMC

₹9,331.56

0.66 (61.24%)

BSE FMCG Sector

₹20,779.65

-0.1 (-21.78%)

Nifty100 Quality

₹5,764.65

0.38 (21.8%)

S&P BSE Dividend Stability

₹1,005.94

0.64 (6.4%)

Nifty FMCG

₹56,398.65

-0.27 (-152.7%)

S&P BSE 100 ESG

₹422.73

0.65 (2.75%)

BSE MFG

₹1,062.53

0.85 (8.92%)

Nifty 200

₹14,107.55

0.64 (89.65%)

Nifty 500

₹23,369.30

0.66 (153.45%)

S&P BSE 250 LargeMidCap

₹10,899.79

0.66 (71.67%)

Nifty100 Eq Weig

₹33,461.65

0.64 (212.85%)

BSE 200

₹11,469.12

0.66 (75.75%)

Nifty Next 50

₹69,000.75

0.58 (397.6%)

S&P BSE Largecap

₹9,734.87

0.67 (64.52%)

Nifty India Consumption

₹12,420.30

0.59 (72.95%)

Nifty LargeMidcap 250

₹16,423.05

0.64 (104.3%)

BSE 100

₹26,471.61

0.66 (172.94%)

NIFTY 100

₹25,903.55

0.66 (170%)

BSE 500

₹36,697.39

0.67 (244.41%)

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 5.77% to 6.46% in Jun 2025 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 3 quarters, 185.15 Cr → 1.31K Cr (in ₹), with an average increase of 59.7% per quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 3.73K Cr → 7.09K Cr (in ₹), with an average increase of 27.2% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 7.58% to 7.80% in Jun 2025 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 60.24% to 59.82% in Jun 2025 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, VBL stock has moved down by -5.6%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 22.98% to 21.85% in Jun 2025 quarter

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 ₹462.9 as on at the close of the market. Varun Beverages share today touched a day high of ₹472.7 and a low of ₹461.85.

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

Varun Beverages touched a 52 week high of ₹668 and a 52 week low of ₹419.55. Varun Beverages share price today i.e. is closed at ₹462.9, which is -30.70% down from its 52 week high and 10.33% up from its 52 week low.

What is Varun Beverages's market capitalisation today?

Varun Beverages market capitalisation is ₹1,59,510.20 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 47.94L as on . This means that 47.94L 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.