1Y Annualised Return
▼-16.80%
3Y Annualised Return
▲36.47%
5Y Annualised Return
▲50.84%
Varun Beverages Stock Performance
|
|
|
Varun Beverages Company background
Varun Beverages Ltd (VBL) was incorporated on 31st March 1995 and is headquartered in Gurugram, Haryana. Promoted by the Agarwal family, the company is listed on both the National Stock Exchange (VBL) and Bombay Stock Exchange (540180). As the second-largest beverage franchisee of PepsiCo outside the United States, Varun Beverages operates across India, Africa, and South Asia. The company produces and distributes carbonated soft drinks (CSDs), juices, packaged drinking water, and sports and energy drinks, serving both domestic and international markets.
Varun Beverages Business Segments and Revenue Model
Varun Beverages operates through three key divisions:
- Carbonated Soft Drinks (CSDs) – bottling PepsiCo brands like Pepsi, Mountain Dew, 7UP, Mirinda, and Aquafina across India and international markets.
- Non-Carbonated and Packaged Water – manufacturing Tropicana, Nutriboost, Gatorade, Sting, and packaged water under Aquafina.
- International Operations – bottling and distributing across Africa (Mozambique, Zambia, Uganda, Zimbabwe, Burkina Faso) and South Asia (Sri Lanka, Nepal, Afghanistan).
The company’s revenue model is based on franchise bottling agreements with PepsiCo, through which it receives concentrate and syrup under long-term contracts and earns revenues via product sales to distributors. Profitability stems from efficient production, expansive cold-drink distribution networks, innovative brand marketing, and economies of scale. VBL also generates income from value-added packaging, vending machines, and brand licensing fees in select markets.
Varun Beverages Key Milestones
- 1995: Established and entered into PepsiCo franchise agreement for North and East India.
- 1997: Began operations in Andhra Pradesh and Telangana regions.
- 2001: IPO on NSE/BSE; raised funds for plant expansion.
- 2005: Acquired PepsiCo franchise in Uttar Pradesh and Rajasthan.
- 2008: Expanded to Eastern India with new bottling capacities.
- 2012: Entered African bottling operations with franchise rights in Mozambique.
- 2014: Commissioned first plant in Zambia; increased export and franchise territory in Africa.
- 2016: Set up facility in Sri Lanka, acquiring bottling rights.
- 2018: Further expanded in Africa by entering Zimbabwe, Uganda, and Nepal markets.
- 2020: Launched Tropicana Juices and Nutriboost in India; introduced Gatorade in select states.
- 2022: Commissioned BRCGS‑certified bottling plant in Ethiopia through acquisition.
- 2023: Added beverage vending services and began co-packaging energy drinks.
- 2024: Reported revenues exceeding ₹20,000 crore, reinforcing position as top PepsiCo franchisee.
- 2025: Announced expansion into Sri Lanka’s rural retail market and new juice brand variants.
Varun Beverages ESG and Sustainability
- Committed to water replenishment projects, aiming to return more water than consumed across manufacturing plants.
- Operates solar-powered plants and uses rainwater harvesting to reduce carbon footprint.
- Focus areas include plastic waste reduction through PET recycling, bottle deposit schemes, and reusable packaging.
- Actively supports community healthcare, education, skill training, and safe drinking water programs in operating regions.
- Targets to achieve 100% renewable energy use and zero-water-waste in all manufacturing units by 2030.
Varun Beverages Awards and Recognitions
- Received the “Water Stewardship” award from WWF for community water management initiatives.
- Honoured with “Sustainability Leadership” award by Beverage Industry Council in 2023.
- Recognised as “Franchisee of the Year” by PepsiCo for operational excellence multiple times.
- Awarded for plastic recycling initiatives by FICCI and Confederation of Indian Industry (CII).
- Featured in the Sustainability Yearbook for outstanding ESG efforts among Indian beverage companies.
Varun Beverages Financial Highlights
Varun Beverages Share Price Today
Over the past
Varun Beverages Fundamental
Market Cap (in crs)
1,59,510.20
Face Value
2
Turnover (in lacs)
21,121.24
Key Metrics
Varun Beverages Key Financials
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|
7017.37 Cr | 5566.94 Cr | 3688.79 Cr | 4804.68 Cr | 7196.86 Cr |
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
20128.92 Cr | 16121.94 Cr | 13211.99 Cr | 8891.16 Cr | 6487.11 Cr | 7172.11 Cr |
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|
1326.68 Cr | 731.94 Cr | 196.33 Cr | 628.92 Cr | 1262.37 Cr |
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
2635.76 Cr | 2102.29 Cr | 1550.12 Cr | 746.05 Cr | 423.8 Cr | 467.84 Cr |
Varun Beverages Result Highlights
Result Summary
-
Varun Beverages Ltd reported a 64.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 2.0%.
-
Its expenses for the quarter were up by 48.5% QoQ and down 3.9% YoY.
-
The net profit increased 141.9% QoQ and increased 5.0% YoY.
-
The earnings per share (EPS) of Varun Beverages Ltd stood at 3.9 during Q1 FY 2025-26.
Data Source: BSE, Company announcements
The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results.
Varun Beverages Technical Analysis
Moving Averages Analysis
Delivery & Volume
| Period | Combined Delivery Volume | NSE+BSE Traded Volume |
|---|---|---|
Day Rs | 2861602 Rs | 3783062 Rs |
Week Rs | 3125966 Rs | 4408440 Rs |
Month Rs | 3908015 Rs | 6574275 Rs |
Resistance & Support
Varun Beverages Peer comparison
| Index Name | Market Price | Market Cap | 52W Low | 52W High | Prev. Close | 1W Return | 1M Return | 6M Return | 1Y Return | 3Y Return | Dividend Yield | PE Ratio | Industry PE | PB Ratio |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
729.90 | 9,834.89 | 541.5 | 964.2 | 721.85 | 10.78% | 12.10% | -13.37% | 6.15% | 45.22% | 1.25% | 18.07 | 55.75 | 4.13 | |
1,087.40 | 19,121.41 | 639 | 1246.8 | 1,075.30 | 1.59% | -6.47% | 56.64% | 30.03% | 81.67% | 0.00% | 0.00 | 109.70 | 7.53 | |
1,400.00 | 8,128.97 | 740.5 | 1760 | 1,363.60 | 5.48% | 1.71% | 36.09% | 72.47% | 467.88% | 0.04% | 54.60 | 55.75 | 17.62 | |
Krishival Foods Ltd. | - | 450.00 | - | - | - | - | - | - | - | - | - | - | - | - |
31.08 | 1,530.85 | 27.75 | 53 | 30.57 | 2.61% | 1.77% | -2.94% | -38.48% | 0.00% | 0.98% | 23.51 | 55.75 | 1.96 | |
95.75 | 1,713.46 | 80 | 155.2 | 94.02 | 6.78% | 11.70% | 10.80% | -36.95% | 0.00% | 0.00% | 63.63 | 55.75 | 2.73 |
Varun Beverages Share Price FAQs
What is Share Price of Varun Beverages ?
Varun Beverages share price is ₹463.6 in NSE and ₹464.5 in BSE as on 16/9/2025.
How has Varun Beverages shares performed in the past ?
Varun Beverages share price in the past 1-year return was -25.35. The Varun Beverages share hit a 1-year low of Rs. 419.55 and a 1-year high of Rs. 663.6.
What is the market cap of Varun Beverages ?
The market cap of Varun Beverages is Rs. 159510.2 Cr. as of 16/9/2025.
What is the current P/E ratio of Varun Beverages ?
The PE ratios of Varun Beverages is 62.82 as of 16/9/2025.
What is the current PB ratio of Varun Beverages ?
The PB ratios of Varun Beverages is 8.83 as of 16/9/2025
What is the Mutual Fund shareholding in Varun Beverages ?
The Mutual Fund Shareholding in Varun Beverages was 6.46% at the end of 16/9/2025.
How to buy Varun Beverages shares?
You can easily buy Varun Beverages shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.
What is the 52-week high and low of Varun Beverages ?
The 52-week high and low of Varun Beverages share price is ₹663.6 and ₹419.55 as of 16/9/2025.
What is the EPS of Varun Beverages ?
The earnings per share (EPS) of Varun Beverages stood at 3.9 during Q1 FY 2025-26.
Please be aware that Varun Beverages stock prices are subject to continuous fluctuations due to various factors.