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VARUN BEVERAGES LIMITED Share Price Update

As of the latest trading session, VARUN BEVERAGES LIMITED is trading at ₹513.7, down by ₹-9.39 or -1.79% from its previous close. The stock has moved between ₹509.25 and ₹523.90 today. Over the past year, the stock has delivered a return of -1.14%. In the last month, it has returned 36.18%.

VARUN BEVERAGES LIMITED performance

Today’s low Today’s high
₹ 509.25 ₹ 523.90
₹ 514.35
52 week low 52 week high
₹ 381.00 ₹ 543.70
₹ 514.35
Open Price ₹ 523.10
Prev. Close ₹ 523.10
Volume (Shares) 6913302.00
Total traded value ₹ 35558.56
Upper Circuit ₹ 574.85
Lower Circuit ₹ 470.35
info

Investment Returns

Over 1 Month 36.18% Over 3 Months 12.00% Over 6 Months 5.58% Over 1 Year -1.14%
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VARUN BEVERAGES LIMITED fundamentals


  • Market cap (Cr) 1,73,968.40
  • P/E Ratio (TTM) 63.50
  • Beta 1.11
  • Book Value / share 55.47
  • Return on equity 15.16%
  • EPS (TTM) 8.24
  • Dividend yield 0.29%
  • Net profit/quarter (Cr) 787.91
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  • Market cap (Cr) 1,74,154.40
  • P/E Ratio (TTM) 63.50
  • Beta 1.08
  • Book Value / share 55.47
  • Return on equity 15.16%
  • EPS (TTM) 8.24
  • Dividend yield 0.29%
  • Net profit/quarter (Cr) 787.91
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VARUN BEVERAGES LIMITED Financials

  • Key Results
  • Key Ratios
  • Balance sheet
  • Cash Flow
  • Competition
info-icon
Revenue
Net income
Particulars MAR 2026 (Values in Cr)
Revenue 4500.55
Operating Expense 3531.44
Net Profit 787.91
Net Profit Margin (%) 17.50
Earnings Per Share (EPS) 2.33
EBITDA 1246.68
Effective Tax Rate (%) 24.48
Particulars DEC 2025 (Values in Cr)
Revenue 2135.29
Operating Expense 2008.01
Net Profit 261.02
Net Profit Margin (%) 12.22
Earnings Per Share (EPS) 0.77
EBITDA 539.81
Effective Tax Rate (%) 23.61
Particulars SEP 2025 (Values in Cr)
Revenue 3063.98
Operating Expense 2457.16
Net Profit 577.40
Net Profit Margin (%) 18.84
Earnings Per Share (EPS) 1.71
EBITDA 936.50
Effective Tax Rate (%) 23.67
Particulars JUN 2025 (Values in Cr)
Revenue 5305.02
Operating Expense 3847.34
Net Profit 1160.16
Net Profit Margin (%) 21.86
Earnings Per Share (EPS) 3.43
EBITDA 1731.50
Effective Tax Rate (%) 25.03
Particulars MAR 2025 (Values in Cr)
Revenue 4052.53
Operating Expense 3215.02
Net Profit 678.06
Net Profit Margin (%) 16.73
Earnings Per Share (EPS) 2.01
EBITDA 1070.12
Effective Tax Rate (%) 24.43
Particulars DEC 2025 (Values in Cr)
Revenue 14556.82
Operating Expense 11527.51
Net Profit 2676.64
Net Profit Margin (%) 18.38
Earnings Per Share (EPS) 7.91
EBITDA 4277.91
Effective Tax Rate (%) 24.45
Particulars DEC 2024 (Values in Cr)
Revenue 14348.60
Operating Expense 11632.60
Net Profit 2320.36
Net Profit Margin (%) 16.17
Earnings Per Share (EPS) 7.11
EBITDA 4037.50
Effective Tax Rate (%) 24.41
Particulars DEC 2023 (Values in Cr)
Revenue 12632.83
Operating Expense 10410.81
Net Profit 1775.13
Net Profit Margin (%) 14.05
Earnings Per Share (EPS) 13.66
EBITDA 3127.58
Effective Tax Rate (%) 25.04
Particulars DEC 2022 (Values in Cr)
Revenue 10595.83
Operating Expense 9055.08
Net Profit 1270.20
Net Profit Margin (%) 11.98
Earnings Per Share (EPS) -19.56
EBITDA 2321.89
Effective Tax Rate (%) 24.59
Particulars DEC 2021 (Values in Cr)
Revenue 6595.74
Operating Expense 5971.52
Net Profit 489.49
Net Profit Margin (%) 7.42
Earnings Per Share (EPS) 11.30
EBITDA 1236.49
Effective Tax Rate (%) 28.17
Particulars DEC 2025 (Values in Cr)
Book Value / Share 57.89
ROE % 16.92
ROCE % 20.07
Total Debt to Total Equity 0.15
EBITDA Margin 24.40
Particulars DEC 2024 (Values in Cr)
Book Value / Share 49.12
ROE % 22.38
ROCE % 24.31
Total Debt to Total Equity 0.35
EBITDA Margin 23.75
Particulars DEC 2023 (Values in Cr)
Book Value / Share 53.39
ROE % 34.92
ROCE % 27.83
Total Debt to Total Equity 0.77
EBITDA Margin 22.74
Particulars DEC 2022 (Values in Cr)
Book Value / Share 78.55
ROE % 33.76
ROCE % 26.42
Total Debt to Total Equity 0.79
EBITDA Margin 21.25
Particulars DEC 2021 (Values in Cr)
Book Value / Share 94.22
ROE % 19.62
ROCE % 16.57
Total Debt to Total Equity 0.87
EBITDA Margin 19.48
Particulars DEC 2025 (Values in Cr)
Book Value / Share 55.48
ROE % 15.16
ROCE % 19.35
Total Debt to Total Equity 0.04
EBITDA Margin 29.39
Particulars DEC 2024 (Values in Cr)
Book Value / Share 48.97
ROE % 19.64
ROCE % 22.98
Total Debt to Total Equity 0.24
EBITDA Margin 28.17
Particulars DEC 2023 (Values in Cr)
Book Value / Share 54.46
ROE % 28.19
ROCE % 24.32
Total Debt to Total Equity 0.67
EBITDA Margin 24.78
Particulars DEC 2022 (Values in Cr)
Book Value / Share 84.94
ROE % 25.62
ROCE % 21.53
Total Debt to Total Equity 0.68
EBITDA Margin 21.93
Particulars DEC 2021 (Values in Cr)
Book Value / Share 101.58
ROE % 11.64
ROCE % 11.13
Total Debt to Total Equity 0.74
EBITDA Margin 18.77
Particulars DEC 2025 (Values in Cr)
Cash & Short Term Investments 1998.49
Total Assets 25565.15
Total Liabilities 25565.15
Total Equity 19740.95
Share Outstanding 338
Price to Book Ratio 8.83
Return on Assets (%) 11.87
Return on Capital (%) 13.95
Particulars DEC 2024 (Values in Cr)
Cash & Short Term Investments 2450.05
Total Assets 23143.91
Total Liabilities 23143.91
Total Equity 16739.63
Share Outstanding 338
Price to Book Ratio 13.04
Return on Assets (%) 11.21
Return on Capital (%) 13.58
Particulars DEC 2023 (Values in Cr)
Cash & Short Term Investments 459.86
Total Assets 15187.18
Total Liabilities 15187.18
Total Equity 7084.65
Share Outstanding 129
Price to Book Ratio 22.71
Return on Assets (%) 13.53
Return on Capital (%) 16.74
Particulars DEC 2022 (Values in Cr)
Cash & Short Term Investments 285.26
Total Assets 11618.24
Total Liabilities 11618.24
Total Equity 5215.48
Share Outstanding 64
Price to Book Ratio 15.57
Return on Assets (%) 12.88
Return on Capital (%) 16.81
Particulars DEC 2021 (Values in Cr)
Cash & Short Term Investments 336.62
Total Assets 9581.89
Total Liabilities 9581.89
Total Equity 4196.69
Share Outstanding 43
Price to Book Ratio 8.73
Return on Assets (%) 7.24
Return on Capital (%) 9.21
Particulars DEC 2025 (Values in Cr)
Cash & Short Term Investments 1599.93
Total Assets 21000.27
Total Liabilities 21000.27
Total Equity 18764.79
Share Outstanding 338
Price to Book Ratio 8.83
Return on Assets (%) 12.74
Return on Capital (%) 13.98
Particulars DEC 2024 (Values in Cr)
Cash & Short Term Investments 2058.70
Total Assets 19483.97
Total Liabilities 19483.97
Total Equity 16558.70
Share Outstanding 338
Price to Book Ratio 13.04
Return on Assets (%) 11.90
Return on Capital (%) 13.34
Particulars DEC 2023 (Values in Cr)
Cash & Short Term Investments 52.30
Total Assets 14009.45
Total Liabilities 14009.45
Total Equity 7075.80
Share Outstanding 129
Price to Book Ratio 22.71
Return on Assets (%) 12.67
Return on Capital (%) 15
Particulars DEC 2022 (Values in Cr)
Cash & Short Term Investments 47.48
Total Assets 11068.94
Total Liabilities 11068.94
Total Equity 5517.40
Share Outstanding 64
Price to Book Ratio 15.57
Return on Assets (%) 11.47
Return on Capital (%) 14.13
Particulars DEC 2021 (Values in Cr)
Cash & Short Term Investments 24.23
Total Assets 9065.61
Total Liabilities 9065.61
Total Equity 4398.62
Share Outstanding 43
Price to Book Ratio 8.73
Return on Assets (%) 5.39
Return on Capital (%) 6.47
Particulars DEC 2025 (Values in Cr)
Net Income 4015.67
Cash from Operations 4397.46
Cash from Investing -2734.93
Cash from Financing -1266.46
Net change in Cash -492.09
Free Cash Flow 7136.56
Particulars DEC 2024 (Values in Cr)
Net Income 3434.56
Cash from Operations 4108.66
Cash from Investing -4316.78
Cash from Financing 2953.53
Net change in Cash 2017.85
Free Cash Flow 7887.67
Particulars DEC 2023 (Values in Cr)
Net Income 2739.83
Cash from Operations 3058.71
Cash from Investing -3289.86
Cash from Financing 984.90
Net change in Cash 85.81
Free Cash Flow 6322.76
Particulars DEC 2022 (Values in Cr)
Net Income 2023.64
Cash from Operations 2163.35
Cash from Investing -1704.59
Cash from Financing -17.94
Net change in Cash 67.48
Free Cash Flow 3964.35
Particulars DEC 2021 (Values in Cr)
Net Income 1006.60
Cash from Operations 1355.65
Cash from Investing -1010.63
Cash from Financing -177.68
Net change in Cash 43.10
Free Cash Flow 2190.45
Particulars DEC 2025 (Values in Cr)
Net Income 3543.24
Cash from Operations 3384.76
Cash from Investing -2056.88
Cash from Financing -979.39
Net change in Cash -459.29
Free Cash Flow 4922.94
Particulars DEC 2024 (Values in Cr)
Net Income 3069.93
Cash from Operations 3629.45
Cash from Investing -3687.09
Cash from Financing 2728.74
Net change in Cash 2008.60
Free Cash Flow 6012.76
Particulars DEC 2023 (Values in Cr)
Net Income 2368.16
Cash from Operations 2583.69
Cash from Investing -2769.56
Cash from Financing 818.78
Net change in Cash 2.09
Free Cash Flow 5230.15
Particulars DEC 2022 (Values in Cr)
Net Income 1684.50
Cash from Operations 1891.63
Cash from Investing -1509.31
Cash from Financing -26.23
Net change in Cash 23.24
Free Cash Flow 3240.12
Particulars DEC 2021 (Values in Cr)
Net Income 681.52
Cash from Operations 966.38
Cash from Investing -725.33
Cash from Financing -154.79
Net change in Cash -12.25
Free Cash Flow 1596.83
Company Name Price P/E P/B Market Cap 52 Week Low 52 Week High
BRITANNIA INDUSTRIES LTD. 5709.75 56.94 36.83 137529.78 5280.00 6336.95
NESTLE INDIA LTD. 1466.10 82.97 54.82 282710.16 1085.00 1469.70
FOODS & INNS LTD. 65.39 15.46 0.88 480.82 45.00 128.79
HINDUSTAN UNILEVER LTD. 2313.05 49.79 11.15 543472.21 2023.05 2734.31
Company Name Price P/E P/B Market Cap 52 Week Low 52 Week High
BRITANNIA INDUSTRIES LTD. 5709.75 56.52 42.08 137529.78 5280.00 6336.95
COLGATE PALMOLIVE LTD. 2132.15 43.50 36.64 57991.42 1781.60 2745.95
NESTLE INDIA LTD. 1466.10 81.91 53.24 282710.16 1085.00 1469.70
FOODS & INNS LTD. 65.39 13.65 0.87 480.82 45.00 128.79

VARUN BEVERAGES LIMITED shareholding pattern

Holding
6.65%
59.43%
19.5%
14.4%
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VARUN BEVERAGES LIMITED Technicals Summary

  • EMA & SMA
  • Resistance and Support
  • Delivery and Volume
  • Beta
  • Price Change Analysis
514.35 -1.67 redarrow
red-green-graph indicator
0 Bearish
16 Bullish
  • 5 Days 509.20
  • 26 Days 460.70
  • 10 Days 491.60
  • 50 Days 451.80
  • 12 Days 485.50
  • 100 Days 454.90
  • 20 Days 468.00
  • 200 Days 469.80
525.75 PIVOT
First Support 516.80 First Resistance 532.05 Second Support 510.50 Second Resistance 541.00 Third Support 501.55 Third Resistance 547.30
RSI 75.60 ADX 41.01 MACD 24.81 Williams % R -9.67 Commodity Channel Index (CCI) 130.54
Date 2026-04-29 Week 7359002.00 Same Day 5405102.00 Month 4433000.00
1 Year 1.11 3 Year 0.86
Over 1 Month
36.18% down
Over 1 Year
-1.14% down
Over 3 Months
12.00% down
Over 3 Years
22.72% down
Over 6 Months
5.58% down
Over 5 Years
44.41% down

VARUN BEVERAGES LIMITED Corporate Actions

Dividend date Dividend amount Dividend type Record date Instrument type
30 Apr 2026 0.5 Interim 01 May 2026 Equity shares
08 Apr 2026 0.5 Final 08 Apr 2026 Equity shares
01 Aug 2025 0.5 Interim 2 02 Aug 2025 Equity shares
07 May 2025 0.5 Interim 07 May 2025 Equity shares
04 Apr 2025 0.5 Final 04 Apr 2025 Equity shares
09 Aug 2024 1.25 Interim 09 Aug 2024 Equity shares
04 Apr 2024 1.25 Final 04 Apr 2024 Equity shares
14 Aug 2023 1.25 Interim 16 Aug 2023 Equity shares
12 Apr 2023 1.0 Final 12 Apr 2023 Equity shares
11 Aug 2022 2.5 Interim 12 Aug 2022 Equity shares
11 Aug 2021 2.5 Interim 12 Aug 2021 Equity shares
14 Aug 2020 2.5 Interim 17 Aug 2020 Equity shares
26 Aug 2019 2.5 Interim 27 Aug 2019 Equity shares
20 Aug 2018 2.5 Interim 21 Aug 2018 Equity shares
16 Aug 2017 2.5 Interim 18 Aug 2017 Equity shares
Ex-Date Ex-Bonus Ratio
07 Jun 2022 06 Jun 2022 1:2
12 Jun 2021 10 Jun 2021 1:2
27 Jul 2019 25 Jul 2019 1:2
Ex-Date Old FV NEW FV Record Date
12 Sep 2024 5.0 2.0 12 Sep 2024
15 Jun 2023 10.0 5.0 15 Jun 2023
Dividend date Dividend amount Dividend type Record date Instrument type
30 Apr 2026 0.5 Interim 01 May 2026 Equity shares
08 Apr 2026 0.5 Final 08 Apr 2026 Equity shares
01 Aug 2025 0.5 Interim 2 02 Aug 2025 Equity shares
07 May 2025 0.5 Interim 07 May 2025 Equity shares
04 Apr 2025 0.5 Final 04 Apr 2025 Equity shares
09 Aug 2024 1.25 Interim 09 Aug 2024 Equity shares
04 Apr 2024 1.25 Final 04 Apr 2024 Equity shares
14 Aug 2023 1.25 Interim 16 Aug 2023 Equity shares
12 Apr 2023 1.0 Final 12 Apr 2023 Equity shares
11 Aug 2022 2.5 Interim 12 Aug 2022 Equity shares
11 Aug 2021 2.5 Interim 12 Aug 2021 Equity shares
14 Aug 2020 2.5 Interim 17 Aug 2020 Equity shares
26 Aug 2019 2.5 Interim 27 Aug 2019 Equity shares
20 Aug 2018 2.5 Interim 21 Aug 2018 Equity shares
16 Aug 2017 2.5 Interim 18 Aug 2017 Equity shares
Ex-Date Ex-Bonus Ratio
07 Jun 2022 06 Jun 2022 1:2
12 Jun 2021 10 Jun 2021 1:2
27 Jul 2019 25 Jul 2019 1:2
Ex-Date Old FV NEW FV Record Date
12 Sep 2024 5.0 2.0 12 Sep 2024
15 Jun 2023 10.0 5.0 15 Jun 2023

Top Gainers

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Top Losers

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Varun Beverages Share Result Highlights

Metric

Value

Share Price (NSE)

₹591.55 (as of 08 Nov 2024)

Market Cap

₹76,855.06 Cr (as of 08 Nov 2024)

Day Range

₹587.10 - ₹598.90 (08 Nov 2024)

52-Week Range

₹378.96 - ₹681.12 (past 52 weeks)

Volume (Shares)

1,793,816 (08 Nov 2024)

PE Ratio (TTM)

86.06 (for the twelve months ending Sep 2024)

Earnings Per Share (EPS)

₹6.87 (for the twelve months ending Sep 2024)

Dividend Yield

0.17% (for the twelve months ending Sep 2024)

Net Profit Margin

15.94% (Q3, Sep 2024)

Effective Tax Rate

23.69% (Q3, Sep 2024)

Key Highlights:

  • Varun Beverages share price at ₹591.55 (as of 08 Nov 2024) highlights strong demand.

  • Market cap of ₹76,855.06 Cr (as of 08 Nov 2024) underscores high valuation.

  • 52-week range from ₹378.96 to ₹681.12 (past 52 weeks) shows significant price volatility.

  • Net profit margin of 15.94% (Q3, Sep 2024) reflects solid profitability.

  • Dividend yield at 0.17% (for the twelve months ending Sep 2024) offers stable shareholder returns.

Varun Beverages Share Annual Reports

Metric

Value

Annual Revenue

₹3,086.84 Cr (Q3, Sep 2024)

Net Profit

₹492.34 Cr (Q3, Sep 2024)

Operating Expense

₹2,541.83 Cr (Q3, Sep 2024)

EBITDA

₹901.14 Cr (Q3, Sep 2024)

Net Profit Margin

15.94% (Q3, Sep 2024)

Return on Equity (ROE)

28.19% (for the twelve months ending Sep 2024)

Book Value per Share

₹26.31 (as of Sep 2024)

Key Highlights

  • Annual revenue reached ₹3,086.84 Cr (Q3, Sep 2024), showcasing growth in operations.

  • Net profit stood at ₹492.34 Cr (Q3, Sep 2024), reflecting financial health.

  • EBITDA recorded at ₹901.14 Cr (Q3, Sep 2024), highlighting operational efficiency.

  • Return on equity (ROE) at 28.19% (for the twelve months ending Sep 2024) indicates strong shareholder returns.

  • Book value per share is ₹26.31 (as of Sep 2024), providing insights into asset valuation.

Varun Beverages Share Dividend

Dividend Type

Dividend Amount

Ex-Date

Record Date

Final Dividend

₹1.25 per share

14 Aug 2023

16 Aug 2023

Final Dividend

₹1 per share

12 Apr 2023

12 Apr 2023

Interim Dividend

₹2.5 per share

11 Aug 2022

12 Aug 2022

Interim Dividend

₹2.5 per share

11 Aug 2021

12 Aug 2021

Interim Dividend

₹2.5 per share

14 Aug 2020

17 Aug 2020

Interim Dividend

₹2.5 per share

26 Aug 2019

27 Aug 2019

Key Highlights

  • Varun Beverages share price is supported by consistent dividends, reinforcing shareholder value.

  • The final dividend of ₹1.25 per share had an ex-date of 14 Aug 2023, reflecting steady returns.

  • Interim dividends such as ₹2.5 per share (11 Aug 2022) showcase stability in distributions.

  • Varun Beverages's dividend strategy enhances Varun Beverages share price stability and investor confidence through regular payouts.

Popular FAQs

1. Who is the CEO of Varun Beverages Ltd?

Kapil Agarwal is the CEO of Varun Beverages Ltd, holding roles as Executive Director and Whole Time Director. His responsibilities include overseeing the company's strategic direction and managing operations effectively.

 

2. When was Varun Beverages Ltd established?

Varun Beverages Ltd was established in 1995, beginning as a franchise bottler for PepsiCo products. Since then, it has grown significantly to become a prominent player in the beverage industry across multiple regions.

 

3. What factors influence the Varun Beverages share price?

Factors impacting the Varun Beverages share price include revenue growth, demand for PepsiCo products, successful global expansion, and consistent dividend payments, all of which enhance investor confidence and contribute to the share’s performance.

 

4. Is Varun Beverages Ltd debt-free?

No, Varun Beverages Ltd is not debt-free. It maintains a structured debt profile to support its expansion plans and operational requirements, which is a common strategy for large manufacturing enterprises to fuel growth.

 

5. What is the CAGR of Varun Beverages share?

The CAGR of Varun Beverages share is 47% over one year, 67% over three years, and 54% over five years, showcasing the company’s strong growth trajectory and positive performance in the stock market.

 

6. How has the Varun Beverages share price performed over the past year?

The Varun Beverages share price has achieved a remarkable 47% CAGR over the past year, driven by increasing demand, business expansion, and strategic financial management, resulting in significant growth for investors.

VARUN BEVERAGES LIMITED Share Price

Varun Beverages Limited, part of the RJ Corp group, a diversified business conglomerate with interests in beverages, quick-service restaurants, dairy and healthcare, is the second largest franchisee in the world (outside US) of carbonated soft drinks (CSDs) and non-carbonated 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 26 States and 6 Union Territories in India and 9 other countries across the world viz. Nepal, Sri Lanka, Morocco, Zambia, Zimbabwe, Democratic Republic of Congo, South Africa, Lesotho & Eswatini). Further, It is is having 50 manufacturing facilities, of which 38 are in India and 12 in International territories.

PepsiCo CSD brands produced and sold by the company include Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Seven-Up 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, Seven-Up 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.

Varun Beverages Limited was established on 16 June 1995 at New Delhi as a Public limited company. 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 India's 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 India's 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 company's 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 company's confidence in the future growth prospects of the subsidiary and will be an effective catalyst to drive further business growth in a fast-growing 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 scale-up 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 India's 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 Value-Added Dairy in territories across North and East India. This is part of VBL's 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 India's 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 India's previously franchised sub-territory in the State of Bihar. Varun Beverages' subsidiary Varun Beverages (Zimbabwe) (Private) started Commercial Production at a Greenfield facility for Pepsico's products with effect from 16 February 2018.

On 23 March 2018, Varun Beverages announced that it has concluded the acquisition of PepsiCo India's 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 set-up a greenfield production facility (subject to receipt of necessary approvals) to create in-house 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. Post-acquisition, 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 value-added dairy beverages, Belgian Choco Shake, Cold Coffee and Mango Shake in 200ml PET bottle, with a 180-day shelf life during year 2019-20.

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 non-carbonated 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, juice-based 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.

In March 2024, Company acquired 100% stake in The Beverage Company (Proprietary) Limited', South Africa along with its wholly-owned
subsidiaries (BevCo) and accordinglym Bevco became the subsidiary of the Company. It also incorporated new subsidiary - VBL Mozambique, SA, South Africa, to carry on the business of distribution.

The Company acquired 100% share capital of SBC Tanzania Limited and SBC Beverages Ghana Limited respectively, making them the wholly owned subsidiary of the Company effective on November 13, 2024.

In 2025, Company acquired a 100% stake in Twizza (Pty) Limited, South Africa on December 21, 2025. It incorporated wholly-owned subsidiary in Kenya i.e. VBL Industries (Kenya) Ltd. The Company entered into an exclusive Distribution Agreement with Carlsberg Breweries A/S for its brand, Carlsberg, to test market beer in the territories of certain African subsidiaries of VBL. The Company commissioned 4 new greenfield production facilities in India at Prayagraj; Uttar Pradesh, Damtal; Himachal Pradesh, Buxar; Bihar, and Mendipathar; Meghalaya. Further, it set up backward integration facilities at the Prayagraj Plant in India as well as at the DRC Plant in the international region. Company acquired 50% equity share capital of Everest Industrial Lanka (Private) Limited in Sri Lanka. It formed a joint venture, 'White Peak Refrigeration Private Limited' in partnership with EIL, to carry on the business of manufacturing of visi-coolers and refrigeration equipment in India.

Parent organization Ravi Jaipuria Group
NSE symbol VBL
Founded 1995
stock
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Board Of Directors

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Ravi Kant Jaipuria Chairman & Non Executive Dir.
Varun Jaipuria Vice Chairman & Executive Dire
Raj Pal Gandhi E D & Wholetime Director
Rajinder Jeet Singh Bagga E D & Wholetime Director
Naresh Kumar Trehan Non-Exec & Non-Independent Dir
Ravi Gupta Independent Non Exe. Director
Rashmi Dhariwal Independent Non Exe. Director
Sita Khosla Independent Non Exe. Director
Abhiram Seth Independent Non Exe. Director
Anil Kumar Sondhi Independent Non Exe. Director
Ravi Batra Company Secretary / Chief Risk Officer
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Frequently Asked Questions

What is the Current Share Price of Varun Beverages Ltd?

Answer Field

Varun Beverages Ltd share price is for NSE ₹ 513.70 & for BSE ₹ 514.15 as on Apr 30 2026 03:30 PM.

What is the Market Cap of Varun Beverages Ltd Share?

Answer Field

The market cap of Varun Beverages Ltd for NSE ₹ 0.01 & for BSE ₹ 0.01 as on Apr 30 2026 03:30 PM.

What is the 52 Week High and Low of Varun Beverages Ltd?

Answer Field

The 52 Week High and Low of Varun Beverages Ltd for NSE is ₹ 543.70 and ₹ 381.00 and for BSE is ₹ 543.50 and ₹ 381.00.

What is 1 year return for Varun Beverages Ltd?

Answer Field

The 1 year returns on the stock has been -1.14%.

What is the P/E Ratio of Varun Beverages Ltd Share?

Answer Field

As on Apr 30 2026 03:30 PM the price-to-earnings (PE) ratio for Varun Beverages Ltd share is 63.50.

What is the PB ratio of Varun Beverages Ltd Share?

Answer Field

As on Apr 30 2026 03:30 PM, the price-to-book (PB) ratio for Varun Beverages Ltd share is 55.47.

How to Buy Varun Beverages Ltd Share?

Answer Field

You can trade in Varun Beverages Ltd shares with Bajaj Broking by opening a demat account.

How to Buy Varun Beverages Ltd Share on Bajaj Broking App?

Answer Field

To buy Varun Beverages Ltd shares on the Bajaj Broking app, follow these steps:

• Login to the Bajaj Broking App

• Click on the Search Icon

• Search “Varun Beverages Ltd”

• Click on the BUY icon

• Place a buy order specifying the desired quantity of shares.

• Click BUY again to complete the purchase

Who is the CEO of Varun Beverages Ltd?

Answer Field

Kapil Agarwal is the CEO of Varun Beverages Ltd, holding roles as Executive Director and Whole Time Director. His responsibilities include overseeing the company's strategic direction and managing operations effectively.

When was Varun Beverages Ltd established?

Answer Field

Varun Beverages Ltd was established in 1995, beginning as a franchise bottler for PepsiCo products. Since then, it has grown significantly to become a prominent player in the beverage industry across multiple regions.

What factors influence the Varun Beverages share price?

Answer Field

Factors impacting the Varun Beverages share price include revenue growth, demand for PepsiCo products, successful global expansion, and consistent dividend payments, all of which enhance investor confidence and contribute to the share’s performance.

Is Varun Beverages Ltd debt-free?

Answer Field

No, Varun Beverages Ltd is not debt-free. It maintains a structured debt profile to support its expansion plans and operational requirements, which is a common strategy for large manufacturing enterprises to fuel growth.

What is the CAGR of Varun Beverages share?

Answer Field

The CAGR of Varun Beverages share is 47% over one year, 67% over three years, and 54% over five years, showcasing the company’s strong growth trajectory and positive performance in the stock market.

How has the Varun Beverages share price performed over the past year?

Answer Field

The Varun Beverages share price has achieved a remarkable 47% CAGR over the past year, driven by increasing demand, business expansion, and strategic financial management, resulting in significant growth for investors.

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SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

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All leveraged intraday positions will be squared off on the same day. There is no restriction on the withdrawal of the unutilised margin amount. Brokerage will not exceed the SEBI prescribed limit. Visit : Pricing

MTF 

As subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017, and the terms and conditions mentioned in the lights and obligations statement issued by the TM (if applicable).  

US INVESTING

International investment is not supervised by any regulatory body in India. Thus, any claim or dispute relating to such investment or enforcement of any agreement/contract /claim will not be under laws and regulations of the recognized stock exchanges and investor protection under Indian Securities Law. The account opening process will be carried out on Vested platform and Bajaj Financial Securities Limited will not have any role in it.  

IPO 

This should not be construed as soliciting investment. Investors’ discretion is required. Kindly consult your financial expert before investing. No need to issue cheques by investors while subscribing to IPO. Investments in securities markets are subject to market risks, read all the related documents carefully before investing.  

SCREENERS 

Screeners is not Exchange-approved products and any disputes related to the same will not be dealt on the Exchange platform. 

SECURITIES 

Securities quoted are exemplary and not recommendatory. 

IPV 

Account would be open after all procedure relating to IPV and client due diligence is completed. 

IMAGES 

The images used are only for representation purpose. Proper due diligence has been done for the images and the image is not of any artist. The same is captured from royalty free sites.

THIRD PARTY PRODUCT DISCLAIMER

Bajaj Financial Securities Limited is a distributor for Non-Broking Products/Services such as Mutual Funds, Mutual Funds SIP, IPO, Bonds, Insurance, PMS, Global Investing, any other third-party products/services. These are not Exchange Traded Products, and we are only acting as distributors. All disputes with respect to the distribution activity, would not have access to SCORES/ODR, Exchange investor redressal forum or Arbitration mechanism. Please refer to the detailed disclaimer for Third-Party Products.

DISCLOSURE TO CLIENTS REGARDING PAYOUT OF FUNDS

As per SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/84 dated June 08, 2023, Stockbrokers are required to upstream the entire client funds lying with them to the Clearing Corporation. Based on client’s request the funds’ release request must be placed with the Clearing Corporation. Based on the internal process and cut-off timelines of the Clearing Corporation the funds will be released to the Stock Broker. In view of this new process, as specified by the regulatory and the cut-off time of Clearing Corporation/Banks processing the funds, Bajaj Financial Securities Limited cannot commit the exact time for releasing funds payout to its client. Clients are requested to note that, Bajaj Financial Securities Limited will not be responsible for any inconvenience caused to clients due to delay in release of funds payout, including fines, delayed charges, defaults, etc.