Varun Beverages Limited

Web: varunbeverages.com NSE: VBL BSE: 540180 SECTOR: Fast Moving Consumer Goods - Beverages | Add Note | View Notes

405 2(-1%)

Near 52W Low of 381

Volume

51L as on 07, Sep

Open

401

High

408

Low

400

408

VWAP

406

52 Week High

556

52 Week Low

381

Viand Research Rating

Quality Score

70/100

Growth Score

55/100

Valuation Score

25/100

Momentum Score

0/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

1,37,125

No. of Shares

338

P/E

54.63

P/B

24.93

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

26.09

ROCE

Profit Growth

Listing Date

08-Nov-16

Promoter Holding

59.43%

FII Holding

19.03%

DII Holding

15.16%

Price Chart

Price Performance

1 Week1%

1 Month8%

3 Months22%

6 Months9%

1 Year14%

YTD17%

Moving Average

5 Day SMA408

10 Day SMA413

20 Day SMA424

30 Day SMA430

50 Day SMA450

61 Day SMA463

80 Day SMA477

200 Day SMA469

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	418	409	415	416
Resistance 2	415	409	413	414
Resistance 1	411	408	411	409
Pivot Point	409	408	409	408
Support 1	405	407	406	403
Support 2	402	406	405	401
Support 3	398	406	402	396

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	HINDUNILVR	4,61,930	1960	0%	6%	12%	25%	47	49.6	0.03	15059
2	ITC	3,30,979	264	3%	8%	15%	35%	17	49.6	0.03	21018
3	NESTLEIND	2,68,923	1398	7%	9%	12%	18%	77	49.6	0.09	3499
4	VBL	1,37,125	405	1%	8%	9%	14%	55	49.6	0.13	3062
5	BRITANNIA	1,21,602	5048	4%	8%	16%	18%	56	49.6	0.27	2537
6	MARICO	1,05,397	812	2%	6%	3%	10%	0	49.6	0.13	1813
7	UNITDSPR	1,05,357	1448	3%	5%	4%	11%	0	49.6	0.05	1838
8	TATACONSUM	99,504	1015	2%	6%	9%	6%	67	49.6	0.13	1547
9	GODREJCP	88,316	863	4%	18%	23%	30%	57	49.6	0.35	1861
10	DABUR	67,038	377	1%	8%	22%	31%	53	49.6	0.11	1869
Load More

Shareholding Pattern (%)

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Nov 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 59.43%	(0.01) 59.43%	(0.01) 59.44%	(-0.41) 59.44%	(-0.41) 59.82%	(0.01) 60.23%	(0.01) 60.20%	(-2.51) 60.21%	(0.01) 62.67%	(-0.21) 62.67%	(-0.21) 62.91%	(0.01) 63.09%	(-0.51) 63.09%	(-0.31) 63.61%	(0.01) 63.90%	(0.01) 63.90%	(0.01) 63.90%	(-1.01) 63.90%	(0.01) 64.89%	(0.01) 64.89%	(0.01) 64.89%
FIIs	(-0.51) 19.03%	(-0.81) 19.51%	(-1.61) 20.31%	(0.11) 21.93%	(-1.11) 21.86%	(-2.31) 22.98%	(0.01) 25.27%	(1.11) 25.25%	(-1.11) 24.18%	(-0.51) 25.32%	(-0.81) 25.79%	(-1.01) 26.58%	(0.81) 27.55%	(0.71) 26.71%	(-0.41) 26.00%	(1.41) 26.45%	(1.11) 25.01%	(2.91) 23.93%	(-0.21) 21.03%	(-0.51) 21.23%	(0.01) 21.72%
DIIs	(0.81) 15.16%	(0.81) 14.35%	(1.81) 13.56%	(1.31) 11.78%	(1.31) 10.52%	(2.21) 9.19%	(0.51) 7.00%	(1.51) 6.50%	(0.41) 4.97%	(0.41) 4.54%	(0.61) 4.16%	(0.21) 3.58%	(0.21) 3.36%	(-0.51) 3.16%	(0.31) 3.67%	(-1.01) 3.42%	(-0.91) 4.45%	(-1.91) 5.31%	(0.21) 7.21%	(0.31) 7.06%	(0.01) 6.77%
Government	0.05%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	6.33%	6.66%	6.69%	6.84%	7.80%	7.59%	7.52%	8.05%	8.19%	7.46%	7.16%	6.74%	6.01%	6.52%	6.41%	6.20%	6.62%	6.86%	6.87%	6.82%	6.62%
No. of Shareholders	813,548	877,604	872,933	902,881	968,419	873,915	742,488	772,415	698,759	509,607	489,887	440,278	375,534	353,742	261,286	244,975	235,804	173,935	137,208	137,939	115,450

Quarterly Results

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	8451	6574	4204	4897	7017	5567	3689	4805	7197	4317	2668	3871	5611	3893	2214	3177	4955	2827	1734	2398	2450
Sales Growth % (YoY)	20.4%	18.1%	14%	1.9%	-2.5%	28.9%	38.3%	24.1%	28.2%	10.9%	20.5%	21.8%	13.2%	37.7%	27.7%	32.5%	102.2%	26.2%	30.3%	33%	49.4%
Sales Growth % (QoQ)	28.6%	56.4%	-14.2%	-30.2%	26%	50.9%	-23.2%	-33.2%	66.7%	61.8%	-31.1%	-31%	44.1%	75.8%	-30.3%	-35.9%	75.3%	63%	-27.7%	-2.1%	-
Expenses	6112	5049	3568	3751	5020	4304	3110	3654	5206	3329	2249	2989	4101	3095	1907	2478	3704	2296	1527	1904	1879
Operating Profit	2339	1525	637	1146	1998	1263	579	1151	1991	989	418	882	1511	798	307	699	1251	531	208	495	571
OPM %	28	23	15	23	28	23	16	24	28	23	16	23	27	20	14	22	25	19	12	21	23
Other Income	104	44	99	148	77	28	45	24	44	8	9	19	42	10	9	11	10	9	1	37	24
Interest	57	49	47	45	37	41	109	119	129	94	74	62	69	63	47	45	46	47	37	43	47
Depreciation	409	357	330	308	306	273	261	257	242	188	166	171	172	172	180	153	153	131	129	138	129
Profit before tax	1977	1163	359	941	1732	978	254	800	1663	716	188	667	1311	573	90	511	1062	361	42	350	420
Tax %	23	24	28	21	23	25	23	21	24	23	24	23	23	24	9	23	24	25	22	26	24
Net Profit	1525	879	260	745	1325	731	196	629	1262	548	144	514	1005	439	82	395	802	271	33	258	319
Net Profit Growth % (QoQ)	73.5%	238.1%	-65.1%	-43.8%	81.3%	273%	-68.8%	-50.2%	130.3%	280.6%	-72%	-48.9%	128.9%	435.4%	-79.2%	-50.7%	195.9%	721.2%	-87.2%	-19.1%	-
Net Profit Growth % (YoY)	15.1%	20.2%	32.7%	18.4%	5%	33.4%	36.1%	22.4%	25.6%	24.8%	75.6%	30.1%	25.3%	62%	148.5%	53.1%	151.4%	-	-	-	-
TTM Net Profit	3409	3209	3061	2997	2881	2818	2635	2583	2468	2211	2102	2040	1921	1718	1550	1501	1364	881	610	577	0
EPS in Rs	4.5	2.58	0.74	2.19	3.89	2.15	0.55	1.91	3.86	1.65	0.41	1.54	3.06	1.32	0.23	1.17	2.42	0.78	0.05	0.74	0.95

Profit and Loss

	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012
Sales	21685	20008	16043	13173	8823	6450	7130	5105	4004	3861	3394	2502	2115	1800
Sales Growth %	8.4%	24.7%	21.8%	49.3%	36.8%	-9.5%	39.6%	27.5%	3.7%	13.8%	35.6%	18.3%	17.5%	-
Expenses	16616	15189	12326	10310	7129	5235	5667	4069	3165	3052	2752	2116	1824	1572
Operating Profit	5070	4818	3717	2863	1694	1215	1462	1036	838	810	642	387	291	228
OPM %	23	24	23	22	19	19	21	20	21	21	19	15	14	13
Other Income	352	45	-5	-18	51	-30	47	6	14	27	36	14	19	44
Interest	196	483	292	204	207	294	324	223	215	435	170	187	171	116
Depreciation	1216	947	681	617	531	529	489	385	347	322	317	210	184	136
Profit before tax	4010	3433	2739	2024	1007	363	696	434	291	79	191	4	-46	21
Tax %	24	23	23	23	26	1	32	31	26	39	41	658	-11	-20
Net Profit	3062	2634	2102	1550	746	357	472	300	214	48	113	-20	-40	25
Net Profit Growth %	16.2%	25.3%	35.6%	107.8%	109%	-24.4%	57.3%	40.2%	345.8%	-57.5%	665%	50%	-260%	-
EPS in Rs	8.98	7.67	6.33	4.61	2.14	1.01	1.44	0.95	0.68	0.14	0.5	-0.09	-0.18	1.86
Dividend Payout %	17	13	16	15	16	22	15	16	22	0	0	0	0	0

Cash Flows

	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012
Cash from Operating Activity	3509	3381	2391	1790	1231	1012	1308	1000	620	826	555	431	297	280
Cash from Investing Activity	-2725	-4311	-3288	-1769	-1008	-472	-2320	-937	-746	-1048	-300	-500	-574	-507
Cash from Financing Activity	-1266	2954	985	-18	-178	-574	1107	-84	159	230	-236	58	274	229
Net Cash Flow	-482	2024	88	4	46	-33	95	-22	32	8	19	-11	-2	3

Balance Sheet

	Dec 2025	Jun 2025	Dec 2024	Jun 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012
Equity Capital	676	676	676	650	650	650	433	289	289	183	183	182	134	134	134	8
Reserves	18902	17687	15934	7928	6287	4453	3647	3235	3040	1816	1587	1511	91	9	82	145
Borrowings	2508	2138	2826	6761	5431	3884	3387	3216	3417	2808	2654	2215	2527	2615	2332	1940
Other Liabilities	3454	4214	3688	4041	2819	2632	2113	1707	1630	1192	852	915	1680	533	439	460
Total Liabilities	25541	24716	23124	19380	15187	11618	9579	8447	8376	5998	5276	4824	4431	3292	2986	2553
Fixed Assets	16759	15639	13402	12270	8409	6932	6311	6409	6479	4387	3981	3716	3496	2355	2375	1713
CWIP	271	591	1167	942	1922	607	497	67	64	352	145	96	38	25	27	189
Investments	174	135	60	44	21	0	0	0	0	11	8	7	3	304	1	0
Other Assets	8337	8351	8496	6124	4835	4079	2772	1972	1833	1247	1141	1006	894	608	583	651
Total Assets	25541	24716	23124	19380	15187	11618	9579	8447	8376	5998	5276	4824	4431	3292	2986	2553

Delivery

Delivery Data: VBL

#	Date	400 31% 524	Value (Cr)	Q/T 94	Del 55	Del 456
1	7-Sep	406	205	71	67	138
2	4-Sep	408	169	97	59	101
3	3-Sep	407	177	78	64	114
4	2-Sep	415	322	98	52	167
5	1-Sep	406	194	85	50	97
6	31-Aug	400	315	144	68	215
7	28-Aug	414	329	143	57	189
8	27-Aug	419	505	132	56	282
9	26-Aug	421	1334	117	45	607
10	25-Aug	438	409	128	63	257
11	24-Aug	428	159	75	50	80
12	21-Aug	430	104	61	52	55
13	20-Aug	438	88	57	57	50
14	19-Aug	432	130	81	66	86
15	18-Aug	439	177	99	55	97
16	17-Aug	434	87	54	59	51
17	14-Aug	435	79	63	48	38
18	13-Aug	440	88	64	60	53
19	12-Aug	440	80	62	52	42
20	11-Aug	437	257	131	66	169
21	10-Aug	446	111	92	58	65
22	7-Aug	442	109	76	53	57
23	6-Aug	444	219	93	49	107
24	5-Aug	437	90	61	53	48
25	4-Aug	439	140	79	48	67
26	3-Aug	445	269	106	60	163
27	31-Jul	442	355	77	64	227
28	30-Jul	451	319	111	57	182
29	29-Jul	447	595	70	47	277
30	28-Jul	430	2101	107	42	874
31	27-Jul	464	249	68	59	147
32	24-Jul	457	118	59	52	62
33	23-Jul	459	135	64	49	67
34	22-Jul	458	363	81	65	235
35	21-Jul	463	249	94	60	149
36	20-Jul	468	202	65	58	118
37	17-Jul	463	130	70	48	62
38	16-Jul	467	272	75	59	161
39	15-Jul	464	236	73	59	139
40	14-Jul	470	346	89	62	215
41	13-Jul	469	342	66	53	182
42	10-Jul	478	477	98	68	327
43	9-Jul	481	267	77	60	160
44	8-Jul	475	184	75	55	100
45	7-Jul	484	344	80	45	153
46	6-Jul	495	496	82	46	228
47	3-Jul	516	184	44	54	100
48	2-Jul	511	271	64	64	173
49	1-Jul	516	229	43	48	109
50	30-Jun	508	189	85	49	93

Daily Market Cap

Date	Total Market Cap	Change	Chg %
07-Sep	1,37,125c	1,488c	1.07
04-Sep	1,38,613c	237c	0.17
03-Sep	1,38,377c	68c	0.05
01-Sep	1,38,309c	846c	0.61
31-Aug	1,39,155c	2,486c	1.76
27-Aug	1,41,641c	3,602c	2.48
26-Aug	1,45,243c	0	0
25-Aug	1,45,243c	474c	0.33
24-Aug	1,44,770c	1,641c	1.12
21-Aug	1,46,410c	338c	0.23
19-Aug	1,46,072c	2,520c	1.70
18-Aug	1,48,592c	1,843c	1.26
17-Aug	1,46,748c	389c	0.26
14-Aug	1,47,137c	677c	0.46
13-Aug	1,47,814c	1,184c	0.79
12-Aug	1,48,998c	1,691c	1.12
11-Aug	1,50,689c	0	0
10-Aug	1,50,689c	1,184c	0.79
07-Aug	1,49,505c	1,218c	0.81
06-Aug	1,50,723c	2,232c	1.50
04-Aug	1,48,490c	338c	0.23
31-Jul	1,48,829c	2,655c	1.75
30-Jul	1,51,484c	761c	0.50
29-Jul	1,50,723c	5,446c	3.75
28-Jul	1,45,277c	0	0

Stock Checklist

Price is above from 52 week high low average: 14%

Stock is trading above all short term SMAs: NO

Stock is trading above all long term SMAs: NO

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: NO

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 567 fund scheme(s) across 47 fund house(s) as of Aug26 · Total value ₹20,919 Cr · 143 increasing / 334 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
Nippon India Mutual Fund	38	1.16%	-0.20%	4806.9
SBI Mutual Fund	30	0.58%	+0.39%	4030.6
Canara Robeco Mutual Fund	28	1.12%	-0.35%	2190.3
Aditya Birla Sun Life Mutual Fund	28	0.73%	-0.04%	1502.4
Mirae Asset Mutual Fund	18	1.06%	-0.21%	1314.6
Tata Mutual Fund	26	1.29%	-0.47%	1146.4
Axis Mutual Fund	36	0.58%	+0.25%	1030
UTI Mutual Fund	14	1.02%	-0.24%	862.3
Bandhan Mutual Fund	30	0.54%	-0.42%	549.6
ICICI Prudential Mutual Fund	12	0.59%	-0.47%	538.7
HSBC Mutual Fund	20	0.63%	-0.69%	511.2
PGIM India Mutual Fund	24	1.22%	-0.18%	503.3
360 ONE Mutual Fund	8	2.32%	+0.46%	459
Invesco Mutual Fund	10	0.30%	+2.84%	270
Helios Mutual Fund	6	1.23%	-0.19%	225.5
Motilal Oswal Mutual Fund	12	0.89%	-0.45%	176.8
Edelweiss Mutual Fund	17	0.28%	-0.24%	174.9
Mahindra Manulife Mutual Fund	8	1.35%	-	173.8
Union Mutual Fund	18	0.99%	+1.14%	154.7
Baroda BNP Paribas Mutual Fund	14	0.78%	-0.20%	132.9
Sundaram Mutual Fund	6	0.59%	+1.02%	103.9
Navi Mutual Fund	10	2.48%	-0.08%	98.4
ITI Mutual Fund	10	1.36%	-0.37%	77.9
HDFC Mutual Fund	22	0.02%	-1.59%	49
Trust Mutual Fund	6	1.34%	-0.02%	37.9
DSP Mutual Fund	8	0.33%	-	36
LIC Mutual Fund	8	0.74%	+0.15%	33.6
Franklin Templeton Mutual Fund	2	0.33%	+0.34%	25
PGIM India Asset Management Private Limite	2	2.15%	-0.02%	15.6
Bank of India Mutual Fund	3	0.32%	-0.05%	13.3
The Wealth Company Mutual Fund	6	1.63%	+2.13%	12.2
Shriram Mutual Fund	10	0.96%	-0.04%	7.8
Jio BlackRock Mutual Fund	3	0.60%	-0.08%	5.4
Groww Mutual Fund	8	0.48%	-0.34%	4.6
Zerodha Mutual Fund	3	0.22%	-0.04%	4.1
WhiteOak Capital Mutual Fund	6	0.09%	-0.85%	4
Bajaj Finserv Mutual Fund	2	2.41%	-0.45%	1.5
Choice Mutual Fund	2	2.83%	+2.87%	1
Angel One Mutual Fund	2	0.29%	-	0.4
Unifi Mutual Fund	2	0.00%	-	0
Old Bridge Mutual Fund	2	-0.51%	-	-1.4
NJ Mutual Fund	2	-0.10%	+0.09%	-6.6
JM Financial Mutual Fund	2	-2.96%	+0.02%	-9.9
PPFAS Mutual Fund	4	-0.19%	-0.02%	-9.9
ICICI Prudential Asset Management Company Limited	1	-0.25%	-0.29%	-45.8
quant Mutual Fund	28	-0.21%	-0.71%	-100.2
Kotak Mahindra Mutual Fund	10	-0.09%	-0.27%	-192.8

Varun Beverages Limited

Price Chart

Price Performance

Moving Average

PIVOT LEVEL

Competitors/Peers

Shareholding Pattern (%)

Quarterly Results

Profit and Loss

Cash Flows

Balance Sheet

Delivery

Daily Market Cap

Stock Checklist

Mutual Fund Holdings

Strategy Builder

Bulk Deals

Events

News

Exchange Filings

Annual Reports

Ratings & Research Reports

Concalls

Announcements