Varun Beverages Ltd

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Stock Performance
52 Week Low - High
Today’s Low - High

Open

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Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
New 52W High today
14.3
TTM PE Ratio
Below industry Median
98.4
Price to Book Ratio
Below industry Median
30.1
Dividend yield 1yr %
Market Leader
0.2
TTM PEG Ratio
PEG TTM is much higher than 1
3.3
RSI
RSI Overbought
71.5
MFI
MFI is mid-range
64

Varun Beverages Ltd Key Financials

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*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

Varun Beverages Ltd shareholding Pattern

Promoter
62.9%
Foreign Institutions
25.8%
Mutual Funds
2.3%
Domestic Institutions
4.2%
Public
7.2%
Promoter
63.1%
Foreign Institutions
26.6%
Mutual Funds
2.3%
Domestic Institutions
3.6%
Public
6.7%
Promoter
63.1%
Foreign Institutions
27.6%
Mutual Funds
2.2%
Domestic Institutions
3.4%
Public
6%
Promoter
63.6%
Foreign Institutions
26.7%
Mutual Funds
2.4%
Domestic Institutions
3.2%
Public
6.5%
Promoter
63.9%
Foreign Institutions
26%
Mutual Funds
2.7%
Domestic Institutions
3.7%
Public
6.4%
Promoter
63.9%
Foreign Institutions
26.4%
Mutual Funds
2.9%
Domestic Institutions
3.4%
Public
6.2%

Varun Beverages Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
16
Bearish Moving Averages
0
5Day EMA
1,578.50
10Day EMA
1,544.60
12Day EMA
1,536.30
20Day EMA
1,516.10
26Day EMA
1,506.50
50Day EMA
1,477.40
100Day EMA
1,407.60
200Day EMA
1,260.70
5Day SMA
1,573.80
10Day SMA
1,525.80
20Day SMA
1,502.70
30Day SMA
1,496.40
50Day SMA
1,476.90
100Day SMA
1,431.50
150Day SMA
1,335.80
200Day SMA
1,232.20
Delivery & Volume
Resistance & Support
1,621.27
Pivot
Resistance
First Resistance
1,667.98
Second Resistance
1,696.72
Third Resistance
1,743.43
Support
First Support
1,592.53
Second support
1,545.82
Third Support
1,517.08
Relative Strength Index
71.54
Money Flow Index
63.97
MACD
29.78
MACD Signal
14.73
Average True Range
48.96
Average Directional Index
14.72
Rate of Change (21)
9.78
Rate of Change (125)
50.01
Peer comparison
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Market Price
Market Cap
52W Low
52W High
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Varun Beverages Ltd Company background

Founded in: 1995
Varun Beverages Ltd, part of the RJ Corp group, a diversified business conglomerate with interests in beverages, quickservice restaurants, dairy and healthcare, is the second largest franchisee in the world (outside US) of carbonated soft drinks (CSDs) and noncarbonated beverages (NCBs) sold under trademarks owned by PepsiCo. The company produces and distributes a wide range of CSDs, as well as a large selection of NCBs, including packaged drinking water. The Company has presence in 27 States and 7 Union Territories in India and 5 other countries across the world viz. Nepal, Sri Lanka, Morocco, Zambia Zimbabwe. Further, It is is having 37 manufacturing facilities, of which 31 are in India and 6 in International Geographies with more than 2,500 owned vehicles, more than 2,000 primary distributors and more than 100 depots.PepsiCo CSD brands produced and sold by the company include Pepsi, Diet Pepsi, SevenUp, Mirinda Orange, Mirinda Lemon, Mountain Dew, SevenUp Nimbooz Masala Soda, Evervess Soda, Sting and Gatorade. PepsiCo NCB brands produced and sold by the company include Tropicana (100%, Essentials Delight), Tropicana Slice, Tropicana Frutz, SevenUp Nimbooz and Quaker Oat Milk as well as packaged drinking water under the brand Aquafina. In addition, the company has also been granted the franchise for Ole brand of PepsiCo products in Sri Lanka.The company has been associated with PepsiCo since the 1990s and over two and half decades consolidated its business association with PepsiCo, increasing the number of PepsiCo licensed territories and subterritories covered by the company, producing and distributing a wider range of PepsiCo beverages, introducing various SKUs in the companys portfolio, and expanding the companys distribution network. As of March 2018, the company has been granted franchises for various PepsiCo products spread across 21 States and two Union Territories in India. The companys share of PepsiCo beverages volume sales ,based on sales to end customers, increased from 26.46% in Fiscal 2011 to 51% in Fiscal 2018. Although, India is the companys largest market, the company has also been granted the franchise for various PepsiCo products for the territories of Nepal, Sri Lanka, Morocco, Zambia and Zimbabwe.As of March 2018, the company has 20 manufacturing plants in India and five production facilities in the international geographies (one each in Nepal, Sri Lanka, Morocco, Zambia and Zimbabwe). In addition, the company has set up backward integration facilities for production of preforms, crowns, corrugated boxes, plastic crates and shrinkwrap films in certain of the companys production facilities to ensure operational efficiencies and quality standards.The companys Promoter and Chairman Mr. Ravi Kant Jaipuria has an established reputation as an entrepreneur and business leader and is the only Indian to receive PepsiCos International Bottler of the Year award, which was awarded in 1997.The company was incorporated as Varun Beverages Limited on 16 June 1995 at New Delhi as a public limited company under the Companies Act, 1956. The company obtained a certificate of commencement of business on 4 July 1995. The company started its operations at Jaipur in 1996. In 1999, the company started operations at Alwar, Jodhpur and Kosi. Devyani Beverages Limited was merged with Varun Beverages pursuant to the order of High Court of Delhi dated 6 October 2004. Varun Beverages (International) Limited was merged with Varun Beverages pursuant to the order of High Court of Delhi dated 12 March 2013. In 2013, Varun Beverages acquired the business of manufacturing and marketing of soft drink beverages and syrup mix in Delhi, India.In 2015, through a business transfer agreement Varun Beverages acquired PepsiCo Indias business of manufacturing, marketing, selling and distributing soft drink beverages and syrup mix in the Indian states of Uttar Pradesh (excluding certain territories), Uttarakhand, Himachal Pradesh, Haryana (excluding certain territories) and the Union Territory of Chandigarh. During the year, the company through a business transfer agreement acquired PepsiCo Indias business of manufacturing, marketing, selling and distributing soft drink beverages and syrup mix in Bazpur, Jainpur, Satharia and Panipat. During the year, the company acquired the business of selling and distribution of soft drinks beverages and syrup mix in one district undertaking situated in Punjab.In 2016, Varun Beverages acquired entire shareholding of Arctic International Private Limited in Varun Beverages Mozambique, Limitada. During the year, the company acquired entire shareholding of Arctic International Private Limited in Varun Beverages (Zambia) Limited. During the year, Varun Beverages acquired 85% shareholding of Varun Beverages (Zimbabwe) (Private) Limited (VBZPL).Varun Beverages came out with an initial public offer (IPO) during the period from 26 October 2016 to 28 October 2016. The IPO was a combination of fresh issue of 1.5 crore shares and offer for sale of 1 crore shares from the promoters. The IPO was priced at Rs 445 per share. The companys shares were listed on the bourses on 8 November 2016.On 23 February 2017, Varun Beverages announced that it has increased its stake in its Zambia subsidiary, Varun Beverages (Zambia) Limited, to 90% from 60%. VBL has been successfully running the Zambia operations since its acquisition in 2016. The increase in stake reflects the companys confidence in the future growth prospects of the subsidiary and will be an effective catalyst to drive further business growth in a fastgrowing emerging market.On 9 March 2017, Varun Beverages Limited (VBL) announced that it has divested 41% stake in its Mozambique subsidiary, Varun Beverages Mozambique Limitada. The divestment of the stake is in view of limited opportunity to scaleup operations which would have enabled the company to turnaround the loss making subsidiary. VBL continues to hold a residual stake of 10% in the unit. On 4 May 2017, Varun Beverages announced that the company has set up a new unit for manufacturing of Pepsi range of products at District Hardoi, Uttar Pradesh and the commercial production/operation has started with effect from 3 May2017.On 28 September 2017, Varun Beverages announced that the company has concluded the acquisition of PepsiCo Indias previously franchised territories in the state of Odisha and parts of Madhya Pradesh along with two manufacturing units at Bargarh and Bhopal (Mandideep). On 4 January 2018, Varun Beverages announced that it has further deepened its relationship with PepsiCo by entering into a strategic partnership for the larger Tropicana portfolio along with Gatorade and Quaker ValueAdded Dairy in territories across North and East India. This is part of VBLs strategy to expand its product portfolio through its valued relationship with PepsiCo.On 11 January 2018, Varun Beverages announced that it has concluded the acquisition of PepsiCo Indias previously franchised rights for the state of Chhattisgarh. The Board of Directors of Varun Beverages at its meeting held on 17 January 2018 considered and approved to acquire franchisee rights for PepsiCo Indias previously franchised subterritory in the State of Bihar. Varun Beverages subsidiary Varun Beverages (Zimbabwe) (Private) started Commercial Production at a Greenfield facility for Pepsicos products with effect from 16 February 2018.On 23 March 2018, Varun Beverages announced that it has concluded the acquisition of PepsiCo Indias previously franchised sub territory in the State of Jharkhand along with one manufacturing unit at Jamshedpur. The company is now a franchisee for PepsiCo products across 21 States and 2 Union Territories of India.On 5 April 2018, Varun Beverages announced its plans to setup a greenfield production facility (subject to receipt of necessary approvals) to create inhouse production capacity at Pathankot district of Punjab for Tropicana fruit juices, Quaker Oats Milk based Beverages and Gatorade. Spread over 41 acres, it will be the first fully backward integrated facility in India to manufacture the complete range of above products including carbonated soft drinks (CSD) at a single location. The expansion is to take advantage of the growing demand of Juice Based beverages for health conscious consumers.On 3 May 2018, Varun Beverages informed the stock exchanges that a new unit at Nawalparasi District in Napal, under Varun Beverages (Nepal) Private Limited, a wholly owned subsidiary of the company, started commercial production with effect from 2 May 2018.The Board of Directors in their meeting held on February 18, 2019 approved, its intent to enter into a binding agreement with PepsiCo India Holdings Private Limited to acquire franchise rights in South and West regions o f India from PepsiCo for a national bottling, sales and distribution footprint in 7 States and 5 Union Territories. In May 2019, the Company acquired franchise rights in South and West regions from PepsiCo for a national bottling, sales and distribution footprint in 7 States and 5 Union Territories of India. It acquired franchise rights in the states of Gujarat, Telangana, Kerala, Tamil Nadu and parts of Maharashtra, Karnataka, Andhra Pradesh and in Union Territories of Daman Diu, Dadra Nagar Haveli, Andaman Nicobar Islands, and Lakshadweep and Puducherry, except Yanam. In February 2019, it acquired territorial rights from SMV Group for parts of Maharashtra (14 districts), Karnataka (13 districts) and Madhya Pradesh (3 districts). The Company acquired an additional 20% stake in Lunarmech Technologies Private Limited during the year, which makes and sells PET bottle caps and crown caps, increasing their shareholding to 55% of the effective equity share capital. Postacquisition, Company holds 55% of the effective equity share capital of Lunarmech. Subsequently, Company acquired control of Angelica Technologies Private Limited by appointment of majority of Directors on the Board of Angelica. Post acquisition of control, both Angelica and Lunarmech (in which Angelica holds 74% equity share capital) became subsidiaries of the Company. Additionally, it acquired two production facilities, one at Dharwad, Karnataka for a total consideration of Rs. 747.25 million and the second at Tirunelveli, Tamil Nadu for a total consideration of Rs. 200 million. Apart from these, it launched 3 new variants of ambient temperature valueadded dairy beverages, Belgian Choco Shake, Cold Coffee and Mango Shake in 200ml PET bottle, with a 180day shelf life during year 201920.As of December 31, 2021, the Company had 31 stateoftheart manufacturing facilities in India, and 6 globally. During the year 2021, the Company incorporated a new company with the name Varun Beverages RDC SAS in Democratic Republic of Congo (DRC) to initially import finished products like carbonated and noncarbonated beverages, distribute to test and establish the market before setting up a manufacturing facility locally. A new plant in Bihar was set up to improve market presence and gain a foothold in the territory. Apart from this, a new plant was set up for manufacturing of plastic preforms and plastic closures in Jammu Kashmir.During the year 2022, Company issued and allotted 216,516,540 Bonus Equity Shares in the proportion of 1:2 (i.e. one equity share for every two equity shares). As part of the aforesaid allotment, 38,418 Bonus Equity Shares representing fractional entitlement(s) of 76,836 eligible Members were consolidated and allotted to Varun Beverages Limited and the aforesaid 38,418 Equity Shares were sold by the Trust on June 23, 2022 June 24, 2022 and the net sale proceeds of the same were distributed to the eligible Members.During the year 2022, the Company commenced manufacturing carbonated soft drinks, juicebased drinks and packaged drinking water in Bihar manufacturing plastic preforms and closures at plant in Jammu Kashmir and established a business line for production of Kurkure Puffcorn for PepsiCo in Kosi, Uttar Pradesh.
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Varun Beverages Ltd FAQs

Varun Beverages Ltd shares are currently priced at 1639.25 on NSE and 1638 on BSE as of 6/13/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Varun Beverages Ltd [VBL] share was 103. The Varun Beverages Ltd [VBL] share hit a 1-year low of Rs. 755 and a 1-year high of Rs. 1650.

The market cap of Varun Beverages Ltd is Rs. 213004.75 Cr. as of 6/13/2024 12:00:00 AM.

The PE ratios of Varun Beverages Ltd is 113.75 as of 6/13/2024 12:00:00 AM.

The PB ratios of Varun Beverages Ltd is 30.08 as of 6/13/2024 12:00:00 AM

The Mutual Fund Shareholding was 2.26% at the end of 6/13/2024 12:00:00 AM.

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