Varun Beverages Limited

NSE: VBL BSE: 540180 SECTOR: Fast Moving Consumer Goods - Beverages

535 4(1%)

Near 52W High of 544

Volume

48L as on 26, May

Open

398

High

664

Low

648

531

VWAP

531

52 Week High

544

52 Week Low

381

Viand Research Rating

Quality Score

00/00

Growth Score

00/00

Valuation Score

00/00

Momentum Score

00/00

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

1,81,037

No. of Shares

338

P/E

44.25

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

19.51%

DII Holding

14.35%

Price Chart

Price Performance

1 Week3%

1 Month8%

3 Months16%

6 Months14%

1 Year10%

YTD8%

Moving Average

5 Day SMA527

10 Day SMA516

20 Day SMA513

30 Day SMA500

50 Day SMA462

61 Day SMA460

80 Day SMA459

200 Day SMA470

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	559	536	551	556
Resistance 2	551	534	545	550
Resistance 1	541	532	540	538
Pivot Point	534	531	534	532
Support 1	523	529	527	520
Support 2	516	527	523	514
Support 3	506	526	516	503

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	Div Yld %
1	HINDUNILVR	5,18,719	2208	1%	5%	9%	7%	49	0	0	0
2	ITC	3,78,530	302	3%	0%	25%	30%	18	0	0	0
3	NESTLEIND	2,76,713	1435	0%	1%	12%	16%	69	0	0	0
4	VBL	1,81,037	535	3%	8%	14%	10%	44	0	0	0
5	BRITANNIA	1,28,600	5339	1%	7%	9%	3%	56	0	0	0
6	TATACONSUM	1,19,196	1205	2%	1%	0%	5%	67	0	0	0
7	MARICO	1,08,538	836	1%	6%	13%	16%	0	0	0	0
8	GODREJCP	1,07,318	1049	1%	5%	10%	18%	57	0	0	0
9	UNITDSPR	94,847	1304	1%	7%	11%	16%	0	0	0	0
10	DABUR	79,284	447	1%	1%	14%	8%	53	0	0	0
Load More

Shareholding Pattern (%)

	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) 59.44%	(-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	(-0.81) 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) 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	0.04%	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	6.66%	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	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

	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	6574	4204	4897	7017	5567	3689	4805	7197	4317	2668	3871	5611	3893	2214	3177	4955	2827	1734	2398	2450
Expenses	5049	3568	3751	5020	4304	3110	3654	5206	3329	2249	2989	4101	3095	1907	2478	3704	2296	1527	1904	1879
Operating Profit	1525	637	1146	1998	1263	579	1151	1991	989	418	882	1511	798	307	699	1251	531	208	495	571
OPM %	23	15	23	28	23	16	24	28	23	16	23	27	20	14	22	25	19	12	21	23
Other Income	44	99	148	77	28	45	24	44	8	9	19	42	10	9	11	10	9	1	37	24
Interest	49	47	45	37	41	109	119	129	94	74	62	69	63	47	45	46	47	37	43	47
Depreciation	357	330	308	306	273	261	257	242	188	166	171	172	172	180	153	153	131	129	138	129
Profit before tax	1163	359	941	1732	978	254	800	1663	716	188	667	1311	573	90	511	1062	361	42	350	420
Tax %	24	28	21	23	25	23	21	24	23	24	23	23	24	9	23	24	25	22	26	24
Net Profit	879	260	745	1325	731	196	629	1262	548	144	514	1005	439	82	395	802	271	33	258	319
EPS in Rs	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
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
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

OI Chart

Price

Delivery

#	Date	381 43% 544	Value (Cr)	Q/T 87	Del 51	Del 339
1	27-May	534	226	94	59	133
2	26-May	531	255	66	46	116
3	25-May	531	459	91	61	281
4	22-May	539	990	70	37	364
5	21-May	520	357	57	58	208
6	20-May	514	295	83	68	201
7	19-May	515	265	86	66	175
8	18-May	512	233	64	53	124
9	15-May	504	188	62	53	100
10	14-May	505	218	88	57	125
11	13-May	489	194	71	54	104
12	12-May	488	192	54	54	104
13	11-May	501	136	69	45	62
14	8-May	509	96	50	48	46
15	7-May	511	181	74	60	108
16	6-May	509	229	93	50	114
17	5-May	512	245	84	53	129
18	4-May	507	268	66	55	148
19	30-Apr	514	366	97	59	216
20	29-Apr	523	525	73	54	285
21	28-Apr	519	734	96	39	290
22	27-Apr	519	1817	94	35	632
23	24-Apr	490	641	113	59	381
24	23-Apr	484	519	124	53	274
25	22-Apr	495	590	120	60	355
26	21-Apr	485	382	59	34	130
27	20-Apr	467	283	85	60	169
28	17-Apr	474	564	52	54	302
29	16-Apr	460	323	96	49	160
30	15-Apr	446	348	69	57	197
31	13-Apr	431	230	88	46	105
32	10-Apr	432	247	99	55	135
33	9-Apr	423	243	118	47	115
34	8-Apr	422	290	94	48	140
35	7-Apr	401	128	75	48	61
36	6-Apr	401	175	94	55	96
37	2-Apr	404	145	87	42	61
38	1-Apr	402	257	81	47	122
39	30-Mar	384	393	105	37	144
40	27-Mar	389	352	71	63	223
41	25-Mar	401	367	79	62	228
42	24-Mar	388	272	110	59	160
43	23-Mar	382	404	53	62	249
44	20-Mar	401	223	87	58	130
45	19-Mar	405	230	85	57	131

Daily Market Cap

Date	Total Market Cap	Change	Chg %
27-May	1,81,240c	710c	0.39
26-May	1,80,530c	592c	0.33
25-May	1,79,938c	1,590c	0.89
22-May	1,78,349c	2,401c	1.36
21-May	1,75,947c	2,097c	1.21
20-May	1,73,850c	321c	0.18
19-May	1,74,171c	2,621c	1.53
18-May	1,71,550c	1,454c	0.86
15-May	1,70,096c	1,336c	0.78
14-May	1,71,432c	5,801c	3.50
12-May	1,65,631c	4,397c	2.59
11-May	1,70,028c	2,976c	1.72
07-May	1,73,004c	1,296c	0.75
06-May	1,71,709c	1,454c	0.84
05-May	1,73,163c	203c	0.12
04-May	1,72,960c	321c	0.19
30-Apr	1,73,282c	3,264c	1.85
29-Apr	1,76,545c	846c	0.48
28-Apr	1,75,700c	11,178c	6.79
24-Apr	1,64,522c	288c	0.17
23-Apr	1,64,810c	2,604c	1.56
22-Apr	1,67,414c	2,926c	1.78
21-Apr	1,64,488c	4,397c	2.75
17-Apr	1,60,091c	7,914c	5.20
15-Apr	1,52,177c	6,341c	4.35
13-Apr	1,45,836c	0	0

Stock Checklist

Price is above from 52 week high low average: 89%

Stock is trading above all short term SMAs: YES

Stock is trading above all long term SMAs: YES

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: NO

Promoters are buying the stock: NO

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