Varun Beverages Limited
NSE: VBL · Beverages · sector
₹408.00NSE close 2026-10-26
Key numbers
Market cap₹1,37,998 cr
Price₹408.00
52w high / low₹556 / ₹381
P/E40.8xSector median 23.3x
P/B6.3xSector median 5.0x
Book value₹64.4
Dividend yield–
ROE16.9%Sector median 17.6%
ROCE18.4%Sector median 10.0%
OPM22.9%Sector median 4.5%
Debt / equity0.16xSector median 0.29x
EV/EBITDA24.6xSector median 24.6x
Interest cover23.6x
Current ratio2.03x
Sales growth 3y–Sector median +49.1%
Profit growth 3y–Sector median +25.1%
PEG2.16x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 4 companies in Beverages (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Operating profit covered interest 23.6x in the last 12 months.
- No promoter shares are pledged.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 12% of net profit in the last 12 months.
- Price ₹408.00 on 2026-10-26: -26.6% from the 52-week high, +7.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹654.10 · low ₹382.20
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,932 | 3,818 | 5,680 | 7,163 | 5,048 | 4,335 | 6,722 | 8,651 |
| EBITDA | 1,151 | 580 | 1,264 | 1,999 | 1,147 | 639 | 1,529 | 2,343 |
| OPM % | 23.3% | 15.2% | 22.3% | 27.9% | 22.7% | 14.7% | 22.7% | 27.1% |
| Other income | 24 | 45 | 28 | 77 | 148 | 99 | 44 | 104 |
| Net profit | 620 | 185 | 726 | 1,317 | 741 | 252 | 872 | 1,521 |
| EPS (₹) | 1.91 | 0.56 | 2.15 | 3.89 | 2.19 | 0.74 | 2.58 | 4.50 |
| Revenue YoY | +2.3% | +13.5% | +18.3% | +20.8% | ||||
| Profit YoY | +19.6% | +36.0% | +20.1% | +15.5% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | TTM |
|---|---|
| Revenue | 24,755 |
| EBITDA | 5,659 |
| Net profit | 3,386 |
| EPS (₹) | 10.01 |
| Dividend / share (₹) |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | +14.6% |
| Net profit | – | – | +18.9% |
| EPS | – | – | – |
| Share price | – | -16.0% (2y) | -11.1% |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 59.43% |
| FIIs | 17.53% |
| DIIs | 16.34% |
| of which Mutual funds | 9.79% |
| of which Insurance | 4.98% |
| Government | 0.00% |
| Public (non-institutions) | 6.70% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 60.20% | 60.23% | 59.82% | 59.44% | 59.44% | 59.44% | 59.43% | 59.43% |
| Promoter group | % |
|---|---|
| RJ Corp Limited | 25.28% |
| Ravi Kant Jaipuria | 16.71% |
| Varun Jaipuria | 15.43% |
| Devyani Jaipuria | 1.94% |
| Vivek Gupta | 0.07% |
| Dhara Jaipuria | 0.00% |
| Vivek Gupta (HUF) | 0.00% |
| Madhav Hansraj Mariwala (HUF) | 0.00% |
| Madhav H Mariwala | 0.00% |
| Nandini Madhav Mariwala | 0.00% |
| Bela Jyotikumar Saha | 0.00% |
| Madhu Rajendra Jindal | 0.00% |
| Aishwarya M Mariwala | 0.00% |
| Kimaya Jaipuria | 0.00% |
| SFT Technologies Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Lici NEW Endowment Plus-growth Fund | 2.31% |
| Nippon Life India Trustee Ltd.-a/c Nippon India BS | 1.96% |
| Government Pension Fund Global | 1.86% |
| SBI Aggressive Hybrid Fund | 1.82% |
| NPS Trust A/C - SBI PF NPS Jeevan Swarna Retirement | 1.27% |
8,37,179 shareholders. Pledged: 0.00% of promoter shares.
Peers in Beverages
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-31 | Dividend | Interim Dividend - Re 0.50 Per Share |
| 2026-04-30 | Dividend | Interim Dividend - Re 0.50 Per Share |
| 2026-04-08 | Dividend | Dividend - Re 0.50 Per Share |
| 2025-08-01 | Dividend | Interim Dividend - Re 0.50 Per Share |
| 2025-05-07 | Dividend | Interim Dividend - Re 0.50 Per Share |
| 2025-04-04 | Dividend | Dividend - Re 0.50 Per Share |
| 2024-09-12 | Split | Face Value Split (Sub-Division) - From Rs 5/- Per Share To Rs 2/- Per Share |
| 2024-08-09 | Dividend | Interim Dividend - Rs 1.25 Per Sh |
| 2024-04-04 | Dividend | Dividend - Rs 1.25 Per Share |
| 2024-03-26 | Other | Annual General Meeting |
| 2023-08-14 | Dividend | Interim Dividend - Rs 1.25 Per Share |
| 2023-06-15 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share |
| 2023-04-12 | Dividend | Dividend - Re 1 Per Share |
| 2023-03-17 | Other | Annual General Meeting |
| 2022-08-11 | Dividend | Interim Dividend - Rs 2.50 Per Share |
| 2022-06-06 | Bonus | Bonus 1:2 |
| 2022-03-29 | Other | Annual General Meeting |
| 2021-08-11 | Dividend | Interim Dividend - Rs 2.50 Per Share |
| 2021-06-10 | Bonus | Bonus 1:2 |
| 2021-03-26 | Other | Annual General Meeting |
Documents
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Annual report FY21
- Announcements NSE filings
- BRSR FY25
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing of Beverages (NIC Code - 1104): Manufacturing of Carbonated, Non-carbonated beverages and packaged drinking water
| Sector | Fast Moving Consumer Goods |
| Industry | Beverages |
| Sub-industry | Other Beverages |
| Symbol | VBL |
| BSE code | 540180 |
| ISIN | INE200M01039 |
| Face value | ₹2.0 |
| Incorporated | 1995-06-16 |
| Website | www.varunbeverages.com |
| Plants (India / abroad) | 41 / 0 |
From the company's filings (BRSR FY25).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.