Varun Beverages Share Price Today (VBL)
TODAY IN ONE LINE
VBL fell 2.0% on average volume, lagging Nifty's 0.3% move, supported by recent strong earnings.
With a market cap of ₹1.5 L Cr., it trades at a P/E of 45.08. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.
How good is this company?
Overall performance across 5 key dimensions.
Varun Beverages flags & news
Key strengths, potential risks, and recent updates.
Green Flags
- ●Earnings GrowthEPS (TTM) grew by a solid 20.0% YoY
- ●Quarterly OutperformanceLatest quarter Sales up 18.1% and Profit up 20.1%
- ●High Capital EfficiencyROCE of 19.7% indicating pricing power
- ●Strong Return on EquityHealthy ROE of 16.2%
- ●Healthy Operating MarginsOPM is structurally strong at 23.4%
- ●High Promoter HoldingPromoters hold 59.4% skin-in-the-game
- ●Virtually Debt-FreeVery low Debt-to-Equity of 0.00x
- ●Zero Pledge RiskNo recent active promoter pledging found
Red Flags
- ●Expensive ValuationTrading at a high P/E ratio of 54.7x
Latest Varun Beverages News
What changed recently?
Recent events, corporate actions, and announcements.
Varun Beverages Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Varun Beverages Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Varun Beverages Ltd trades at a P/E of 45.08× and P/B of 7.01×, against the Fast Moving Consumer Goods sector median P/E of 34.07×.
Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.
Valuation
Profitability
Growth
Financial Health
Varun Beverages Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Varun Beverages Ltd — derived from the live tape, not yesterday's close.
Varun Beverages Ltd last traded at ₹442.3 with an intraday range of ₹439.85–₹451 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹442.30| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 471.22 | +28.92 | +6.54% |
| R3 | 460.07 | +17.77 | +4.02% |
| R2 | 455.53 | +13.23 | +2.99% |
| R1 | 448.92 | +6.62 | +1.50% |
| PIVOT | 444.38 | 2.08 | 0.47% |
| CURRENT | 442.30 | — | — |
| S1 | 437.77 | -4.53 | -1.02% |
| S2 | 433.23 | -9.07 | -2.05% |
| S3 | 426.62 | -15.68 | -3.55% |
| S4 | 415.47 | -26.83 | -6.07% |
VBL is trading Below CPR, indicating Bearishness
CPR is Average
Day's range: ₹446.7–₹451
Trading Below opening range, showing Bearishness
Varun Beverages Ltd financials: P&L, balance sheet, cash flow, ratios.
Reported annual and quarterly results for Varun Beverages Ltd — consolidated or standalone — with margins, YoY growth and key ratios inline.
Varun Beverages Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹1.5 L Cr. and reported EPS of ₹9.41.
| Metric | Dec 2024 | Dec 2025 |
|---|---|---|
| Revenue from Operations | 20,481 | 22,226 ▲ 8.5% |
| Sales Growth YoY %Derived | 25.49% | 8.52% |
| Other Income | 121 | 352 ▲ 190.6% |
| Total Income | 20,603 | 22,578 ▲ 9.6% |
| 8,905 | 9,715 ▲ 9.1% | |
| Gross ProfitDerived | 11,577 | 12,510 ▲ 8.1% |
| Gross Margin %Derived | 56.52% | 56.29% |
| 6,866 | 7,461 ▲ 8.7% | |
| EBITDA (Operating Profit)Derived | 4,711 | 5,049 ▲ 7.2% |
| OPM %Derived | 23.00% | 22.72% |
| 1,398 | 1,386 ▼ 0.8% | |
| Profit Before Tax (PBT) | 3,435 | 4,016 ▲ 16.9% |
| 799 | 948 ▲ 18.6% | |
| Effective Tax %Derived | 23.26% | 23.60% |
| Total Profit for Period | 2,634 | 3,062 ▲ 16.2% |
| Less: Non-controlling Interests | 40 | 26 ▼ 35.6% |
| Net Profit (Owner's PAT)Derived | 2,595 | 3,036 ▲ 17.0% |
| Net Profit Margin %Derived | 12.67% | 13.66% |
| PAT Growth YoY %Derived | 26.20% | 17.03% |
| Earnings Per Share (EPS ₹) | 7.67 | 8.98 ▲ 17.1% |
| Diluted Shares Outstanding (Cr) | 338 | 338 ▲ 0.0% |
| Share of Profit from Associates/JVs | -1 | -6 ▼ 307.8% |
| Other Comprehensive Income (Net of Tax) | 58 | 434 ▲ 651.9% |
| Total Expenses (incl. D&A & Interest) | 17,168 | 18,562 ▲ 8.1% |
| Material Cost % of RevenueDerived | 40.49% | 42.01% |
| Employee Cost % of RevenueDerived | 9.20% | 9.90% |
| Other Cost % of RevenueDerived | 24.32% | 23.67% |
| Interest Coverage (x)Derived | 8.36x | 22.60x |
| Period | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 5,228 | 7,248 ▲ 38.6% | 6,556 ▼ 9.6% | 8,958 ▲ 36.6% | 13,391 ▲ 49.5% | 16,321 ▲ 21.9% | 20,481 ▲ 25.5% | 22,226 ▲ 8.5% | |
| Sales Growth YoY %Derived | — | 38.64% | -9.56% | 36.65% | 49.48% | 21.88% | 25.49% | 8.52% | |
| Other Income | 22 | 43 ▲ 94.9% | 37 ▼ 13.1% | 68 ▲ 83.7% | 39 ▼ 42.8% | 79 ▲ 104.3% | 121 ▲ 52.8% | 352 ▲ 190.6% | |
| Total Income | 5,250 | 7,291 ▲ 38.9% | 6,593 ▼ 9.6% | 9,026 ▲ 36.9% | 13,429 ▲ 48.8% | 16,400 ▲ 22.1% | 20,603 ▲ 25.6% | 22,578 ▲ 9.6% | |
2,244 | 3,219 ▲ 43.5% | 2,764 ▼ 14.1% | 4,035 ▲ 46.0% | 6,261 ▲ 55.2% | 7,405 ▲ 18.3% | 8,905 ▲ 20.3% | 9,715 ▲ 9.1% | ||
| Gross ProfitDerived | 2,984 | 4,029 ▲ 35.0% | 3,792 ▼ 5.9% | 4,924 ▲ 29.8% | 7,129 ▲ 44.8% | 8,916 ▲ 25.1% | 11,577 ▲ 29.8% | 12,510 ▲ 8.1% | |
| Gross Margin %Derived | 57.08% | 55.58% | 57.84% | 54.96% | 53.24% | 54.63% | 56.52% | 56.29% | |
1,977 | 2,581 ▲ 30.5% | 2,590 ▲ 0.3% | 3,269 ▲ 26.2% | 4,341 ▲ 32.8% | 5,307 ▲ 22.2% | 6,866 ▲ 29.4% | 7,461 ▲ 8.7% | ||
| EBITDA (Operating Profit)Derived | 1,007 | 1,448 ▲ 43.8% | 1,202 ▼ 17.0% | 1,655 ▲ 37.7% | 2,788 ▲ 68.5% | 3,609 ▲ 29.5% | 4,711 ▲ 30.5% | 5,049 ▲ 7.2% | |
| OPM %Derived | 19.25% | 19.97% | 18.33% | 18.47% | 20.82% | 22.12% | 23.00% | 22.72% | |
598 | 798 ▲ 33.6% | 743 ▼ 6.9% | 716 ▼ 3.7% | 803 ▲ 12.2% | 949 ▲ 18.1% | 1,398 ▲ 47.3% | 1,386 ▼ 0.8% | ||
| Profit Before Tax (PBT) | 431 | 692 ▲ 60.6% | 363 ▼ 47.6% | 1,007 ▲ 177.7% | 2,024 ▲ 101.0% | 2,740 ▲ 35.4% | 3,435 ▲ 25.4% | 4,016 ▲ 16.9% | |
134 | 224 ▲ 67.3% | 5 ▼ 97.7% | 261 ▲ 4878.1% | 474 ▲ 81.7% | 638 ▲ 34.6% | 799 ▲ 25.3% | 948 ▲ 18.6% | ||
| Effective Tax %Derived | 31.09% | 32.38% | 1.44% | 25.88% | 23.40% | 23.27% | 23.26% | 23.60% | |
| Total Profit for Period | 300 | 472 ▲ 57.5% | 357 ▼ 24.3% | 746 ▲ 108.8% | 1,550 ▲ 107.8% | 2,102 ▲ 35.6% | 2,634 ▲ 25.3% | 3,062 ▲ 16.2% | |
| Less: Non-controlling Interests | 7 | 3 ▼ 54.0% | 28 ▲ 775.4% | 52 ▲ 83.9% | 53 ▲ 1.3% | 46 ▼ 12.9% | 40 ▼ 13.6% | 26 ▼ 35.6% | |
| Net Profit (Owner's PAT)Derived | 293 | 469 ▲ 60.1% | 329 ▼ 29.8% | 694 ▲ 111.0% | 1,497 ▲ 115.8% | 2,056 ▲ 37.3% | 2,595 ▲ 26.2% | 3,036 ▲ 17.0% | |
| Net Profit Margin %Derived | 5.60% | 6.47% | 5.02% | 7.75% | 11.18% | 12.60% | 12.67% | 13.66% | |
| PAT Growth YoY %Derived | — | 60.15% | -29.85% | 110.96% | 115.75% | 37.30% | 26.20% | 17.03% | |
| Earnings Per Share (EPS ₹) | 0.95 | 1.44 ▲ 51.6% | 1.01 ▼ 29.9% | 2.14 ▲ 111.9% | 4.61 ▲ 115.4% | 6.33 ▲ 37.3% | 7.67 ▲ 21.2% | 8.98 ▲ 17.1% | |
| Diluted Shares Outstanding (Cr) | 308 | 325 ▲ 5.4% | 325 ▲ 0.0% | 325 ▲ 0.0% | 325 ▲ 0.0% | 325 ▲ 0.0% | 338 ▲ 4.1% | 338 ▲ 0.0% | |
| Share of Profit from Associates/JVs | 3 | 4 ▲ 44.4% | — ▼ 100.0% | — | -0 | -0 ▼ 7883.3% | -1 ▼ 208.6% | -6 ▼ 307.8% | |
| Other Comprehensive Income (Net of Tax) | -19 | 60 ▲ 415.8% | -62 ▼ 204.9% | -30 ▲ 52.1% | -372 ▼ 1144.2% | -8 ▲ 97.8% | 58 ▲ 821.4% | 434 ▲ 651.9% | |
| Total Expenses (incl. D&A & Interest) | 4,819 | 6,599 ▲ 36.9% | 6,230 ▼ 5.6% | 8,020 ▲ 28.7% | 11,406 ▲ 42.2% | 13,661 ▲ 19.8% | 17,168 ▲ 25.7% | 18,562 ▲ 8.1% | |
| Material Cost % of RevenueDerived | 40.40% | 40.55% | 41.01% | 44.30% | 47.92% | 43.05% | 40.49% | 42.01% | |
| Employee Cost % of RevenueDerived | 11.15% | 11.19% | 13.57% | 11.25% | 9.09% | 8.86% | 9.20% | 9.90% | |
| Other Cost % of RevenueDerived | 26.67% | 24.43% | 25.94% | 25.24% | 23.33% | 23.65% | 24.32% | 23.67% | |
| Interest Coverage (x)Derived | 2.92x | 3.10x | 2.39x | 6.08x | 11.66x | 10.92x | 8.36x | 22.60x |
Varun Beverages segment analysis : revenue and profit mix.
Disclosed business segments at Varun Beverages with their share of revenue and profit, switchable between consolidated and standalone reporting.
Varun Beverages discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
The Bull, Bear, and Flip case for Varun Beverages Ltd.
Our AI distills the core fundamental drivers supporting Varun Beverages Ltd, the risks that threaten it, and the quantitative conditions that could weaken the thesis.
Varun Beverages Ltd's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
Latest quarterly EPS grew 20.1% YoY, demonstrating robust earnings momentum
Operating margin 18.53% reflects strong pricing power in competitive FMCG sector
ROCE 19.70% and ROE 16.20% exceed typical sector averages, signaling capital efficiency
Low debt-to-equity ratio 0.0013x provides exceptional financial flexibility for growth
Promoter holding 59.4% signals strong long-term commitment and aligned incentives
Key Risks.
P/E ratio 54.71x significantly above sector median, indicating premium valuation
Dividend yield 0.33% is low, limiting income appeal for yield-focused investors
FII holdings eased from 27.55% to 22.98%, signals foreign investor caution
Working capital swing ₹8,240.26 Cr in 2025 indicates supply chain volatility
Capex ₹11,116.96 Cr in 2025 exceeds operating cash flow ₹944.32 Cr, straining liquidity
Flip Conditions.
Valuation risk. a P/E above 59 (~1.7× the sector multiple of 34.1) would leave less room for earnings disappointment.
Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.
Return-quality risk. ROE below 11% would indicate weaker capital compounding.
Varun Beverages Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Varun Beverages Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
| Company Name |
|---|
Varun Beverages Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Varun Beverages Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
- 1Pick how to scan. Detection sets sensitivity — Daily (standard) → Weekly (big swings). History sets how far back to look.
- 2Read the summary. The tiles at the top give the current read: net bias, the strongest pattern, and the one nearest to triggering.
- 3Scan the list. Use the Actionable, Watchlist, and History tabs to browse patterns. Click a pattern card to focus it.
- 4Inspect on the chart. Focusing draws the pattern’s pivots plus its break (blue), target (amber) and invalidation lines.
- 5Filter to what matters. Use the status controls (Confirmed, Forming, Invalidated) to hide noise and find exactly what you are looking for.
Pattern history — every completed pattern and its outcome
Varun Beverages Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Varun Beverages Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Varun Beverages Ltd stood at 64.0% of traded volume, against a 20-day average of 55.4%.
Varun Beverages announcements: results, concalls, ratings, M&A.
Filings Varun Beverages sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Varun Beverages files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 156 documents below.
Analysts/Institutional Investor Meet/Con. Call Updates
Pursuant to the provisions of Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements)…
Appointment
Appointment of Senior Management Personnel of the Company as per enclosed intimation.
Resignation of Director/KMP/SMP
Varun Beverages Limited has informed the Exchange about Resignation of Director/KMP/SMP
Resignation
Intimation of change in Senior Management Personnel of the Company
Agreements
VBL Industries (Kenya) Limited ("VBL Kenya") wholly-owned subsidiary of our Company has entered into an agreement to acquire the value- added dairy…
Investor decks & rating reports.
Varun Beverages dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Varun Beverages has declared, sequenced by announce and record date.
Varun Beverages corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Varun Beverages Ltd: business, sector, key facts.
What Varun Beverages Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Varun Beverages Ltd operates in the Other Beverages industry under the Fast Moving Consumer Goods sector, listed as NSE: VBL, BSE: 540180.
Varun Beverages Limited (VBL) is a major beverage and snacks manufacturer, bottler, and distributor operating across a wide geographical expanse. Its core business centers around producing and marketing a diverse portfolio of products under renowned PepsiCo brands, as well as some of its own. This expansive portfolio allows VBL to cater to a broad range of consumer preferences and market segments.
The company's product range includes a comprehensive selection of carbonated soft drinks (CSDs) such as Pepsi, Mountain Dew, Mirinda, and 7UP, along with several regional brands. Beyond CSDs, VBL offers a wide variety of juice-based drinks, encompassing fruit pulp and juice-based options like Tropicana and Slice. Their offerings also extend to club sodas, energy drinks (including Sting and Rockstar), sports drinks (Gatorade), iced tea (Lipton), and bottled water (Aquafina and others).
Further diversifying its product line, VBL also manufactures and distributes a selection of snacks under popular brands like Frito-Lay, Cheetos, Doritos, and Kurkure. This vertical integration into the snack food market complements its beverage offerings and strengthens its position as a major player in the consumer goods sector. The addition of dairy-based beverages under the Cream bell brand highlights the company's continuous efforts to expand its product portfolio and cater to evolving consumer demands.
VBL's operations span a significant geographical area, covering several countries in both Africa and Asia. This extensive presence allows VBL to leverage diverse market opportunities and mitigate risks associated with regional economic fluctuations. Their significant presence across multiple countries demonstrates a robust and expansive business model, allowing for significant reach and distribution capabilities.
In summary, Varun Beverages Limited is a large-scale manufacturer and distributor with a diverse portfolio of beverage and snack products under globally recognized and successful brands. Its wide geographical footprint, coupled with its extensive product range, positions the company as a significant player in the global food and beverage industry.
Go deeper on Varun Beverages
- Varun Beverages resultsQuarter-by-quarter revenue, profit, EPS and margins for Varun Beverages.
- Varun Beverages dividendEvery dividend Varun Beverages has declared, with ex-dates and yield.
- Varun Beverages shareholdingPromoter, FII and DII holding in Varun Beverages, quarter by quarter.
- Varun Beverages financialsVarun Beverages profit & loss, balance sheet and cash flow by year.
- Varun Beverages technical analysisPivots, CPR and live indicator readings for Varun Beverages.
- Varun Beverages corporate actionsBonus issues, splits, rights and buybacks declared by Varun Beverages.
Related
Peers, sector trends, screeners and strategy playbooks contextual to this stock.
Questions investors ask about Varun Beverages Ltd (VBL).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Varun Beverages Ltd (VBL)?
The current share price of Varun Beverages Ltd (VBL) is ₹442.3. Today, the stock has declined by ₹9.05 (2.01%), trading in a range of ₹439.85 to ₹451. The stock opened at ₹451 with a trading volume of 79,87,191 shares.
02Is Varun Beverages Ltd stock a good investment for long-term?
Varun Beverages Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹1,49,920.28 crores, P/E ratio of 45.08, ROE of 16.20%, and ROCE of 19.70%. The dividend yield stands at 0.33%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Varun Beverages Ltd stock?
The 52-week high price of Varun Beverages Ltd (VBL) is ₹555.8, while the 52-week low is ₹381. Currently trading at ₹442.3, the stock is 35.1% away from its 52-week low and 20.4% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Varun Beverages Ltd stock at the current price?
Whether to buy Varun Beverages Ltd stock at ₹442.3 depends on multiple factors. The stock is currently trading with a P/E ratio of 45.08 and P/B ratio of 7.01. Today's performance shows a loss of 2.01%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Varun Beverages Ltd and when is the next dividend?
Varun Beverages Ltd offers a dividend yield of 0.33%, which means for every ₹100 invested at the current price of ₹442.3, you can expect to receive approximately ₹0.33 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Varun Beverages Ltd?
Varun Beverages Ltd's key financial metrics include: P/E Ratio: 45.08, P/B Ratio: 7.01, ROE: 16.20%, ROCE: 19.70%, Dividend Yield: 0.33%, EPS: ₹9.41, Book Value: ₹57.9, and Debt-to-Equity: 0.13. The company's market cap stands at ₹1,49,920.28 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Varun Beverages Ltd stock performing today in the market?
Varun Beverages Ltd stock opened at ₹451 and is currently trading at ₹442.3, showing a decline of ₹9.05 (2.01%). The intraday high is ₹451 and low is ₹439.85. The trading volume stands at 79,87,191 shares, indicating strong market participation today.
08What is the P/E ratio of Varun Beverages Ltd and what does it indicate?
Varun Beverages Ltd has a Price-to-Earnings (P/E) ratio of 45.08, which means investors are willing to pay ₹45.08 for every ₹1 of earnings. With an EPS of ₹9.41, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Varun Beverages Ltd (VBL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.