Varun Beverages Limited

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

458 0(0%)

Volume

80L as on 22, Jul

Open

506

High

508

Low

503

458

VWAP

460

52 Week High

556

52 Week Low

381

Viand Research Rating

Quality Score

68/100

Growth Score

58/100

Valuation Score

25/100

Momentum Score

0/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

1,54,917

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

19.51%

DII Holding

14.35%

Price Chart

Price Performance

1 Week1%

1 Month11%

3 Months7%

6 Months6%

1 Year6%

YTD7%

Moving Average

5 Day SMA464

10 Day SMA468

20 Day SMA485

30 Day SMA499

50 Day SMA508

61 Day SMA508

80 Day SMA490

200 Day SMA473

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	480	466	476	480
Resistance 2	476	465	472	476
Resistance 1	470	464	470	470
Pivot Point	466	463	466	466
Support 1	460	463	462	460
Support 2	456	462	460	456
Support 3	450	461	456	449

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	HINDUNILVR	5,07,089	2158	2%	1%	10%	12%	47	49.6	0.03	15059
2	ITC	3,52,839	282	2%	4%	14%	32%	17	49.6	0.03	21018
3	NESTLEIND	2,78,101	1442	5%	7%	14%	22%	77	49.6	0.09	3499
4	VBL	1,54,917	458	1%	11%	6%	6%	55	49.6	0.13	3062
5	BRITANNIA	1,29,587	5380	3%	5%	8%	4%	56	49.6	0.27	2537
6	MARICO	1,11,012	855	2%	6%	15%	20%	0	49.6	0.13	1813
7	TATACONSUM	1,09,818	1110	1%	2%	7%	3%	67	49.6	0.13	1547
8	GODREJCP	1,08,470	1060	2%	5%	14%	13%	57	49.6	0.35	1861
9	UNITDSPR	1,03,066	1417	2%	5%	5%	5%	0	49.6	0.05	1838
10	DABUR	75,091	423	1%	1%	19%	17%	53	49.6	0.11	1869
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
Sales Growth % (YoY)	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)	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	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
Net Profit Growth % (QoQ)	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)	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	3209	3061	2997	2881	2818	2635	2583	2468	2211	2102	2040	1921	1718	1550	1501	1364	881	610	577	0
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
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

OI Chart

Price

Delivery

#	Date	455 22% 556	Value (Cr)	Q/T 87	Del 53	Del 266
1	22-Jul	458	363	81	65	235
2	21-Jul	463	249	94	60	149
3	20-Jul	468	202	65	58	118
4	17-Jul	463	130	70	48	62
5	16-Jul	467	272	75	59	161
6	15-Jul	464	236	73	59	139
7	14-Jul	470	346	89	62	215
8	13-Jul	469	342	66	53	182
9	10-Jul	478	477	98	68	327
10	9-Jul	481	267	77	60	160
11	8-Jul	475	184	75	55	100
12	7-Jul	484	344	80	45	153
13	6-Jul	495	496	82	46	228
14	3-Jul	516	184	44	54	100
15	2-Jul	511	271	64	64	173
16	1-Jul	516	229	43	48	109
17	30-Jun	508	189	85	49	93
18	29-Jun	504	199	71	59	117
19	25-Jun	508	211	108	57	121
20	24-Jun	507	329	69	50	165
21	23-Jun	504	323	61	57	184
22	22-Jun	513	593	105	47	277
23	19-Jun	530	505	125	57	288
24	18-Jun	532	441	88	55	242
25	17-Jun	544	414	72	40	165
26	16-Jun	541	207	68	65	135
27	15-Jun	541	409	96	62	253
28	12-Jun	522	122	66	56	69
29	11-Jun	520	142	53	52	73
30	10-Jun	526	168	54	41	68
31	9-Jun	530	240	77	67	160
32	8-Jun	522	283	69	59	167
33	5-Jun	523	168	77	46	78
34	4-Jun	528	157	59	52	81
35	3-Jun	533	240	80	60	144
36	2-Jun	537	453	119	60	272
37	1-Jun	526	182	62	50	91
38	29-May	528	724	131	65	469
39	27-May	534	226	94	59	133
40	26-May	531	255	66	46	116
41	25-May	531	459	91	61	281
42	22-May	539	990	70	37	364
43	21-May	520	357	57	58	208
44	20-May	514	295	83	68	201
45	19-May	515	265	86	66	175
46	18-May	512	233	64	53	124
47	15-May	504	188	62	53	100
48	14-May	505	218	88	57	125

Daily Market Cap

Date	Total Market Cap	Change	Chg %
23-Jul	1,54,917c	1,184c	0.76
22-Jul	1,56,101c	795c	0.51
21-Jul	1,56,896c	829c	0.53
17-Jul	1,56,067c	1,793c	1.14
16-Jul	1,57,860c	85c	0.05
15-Jul	1,57,944c	474c	0.30
14-Jul	1,58,418c	592c	0.37
13-Jul	1,59,010c	3,687c	2.27
10-Jul	1,62,697c	135c	0.08
09-Jul	1,62,832c	2,266c	1.41
08-Jul	1,60,566c	3,036c	1.86
07-Jul	1,63,602c	3,247c	1.95
06-Jul	1,66,849c	6,545c	3.77
02-Jul	1,73,393c	727c	0.42
01-Jul	1,74,121c	1,522c	0.88
30-Jun	1,72,599c	1,860c	1.09
29-Jun	1,70,738c	778c	0.45
26-Jun	1,71,516c	710c	0.41
25-Jun	1,72,227c	879c	0.51
24-Jun	1,71,347c	829c	0.49
23-Jun	1,70,519c	2,655c	1.53
22-Jun	1,73,174c	6,088c	3.40
19-Jun	1,79,262c	710c	0.39
18-Jun	1,79,972c	4,110c	2.23
17-Jun	1,84,082c	1,032c	0.56
16-Jun	1,83,050c	406c	0.22
15-Jun	1,82,644c	6,291c	3.57
12-Jun	1,76,353c	2,131c	1.19
11-Jun	1,78,484c	1,674c	0.93
10-Jun	1,80,158c	0	0

Stock Checklist

Price is below from 52 week high low average: 12%

Stock is trading above all short term SMAs: NO

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

Mutual Fund Holdings

Held by 521 fund scheme(s) across 46 fund house(s) as of Jul26 · Total value ₹23,158 Cr · 27 increasing / 44 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
Nippon India Mutual Fund	38	1.91%	+0.01%	5703.6
SBI Mutual Fund	24	1.58%	+0.10%	2813.2
Canara Robeco Mutual Fund	28	1.65%	-	2676.4
Invesco Mutual Fund	9	9.26%	+0.22%	1769.7
Aditya Birla Sun Life Mutual Fund	26	1.40%	-	1660.6
Mirae Asset Mutual Fund	18	1.78%	-	1398
Axis Mutual Fund	42	0.67%	-	1213.2
HSBC Mutual Fund	22	1.74%	-	1048.1
Tata Mutual Fund	20	2.87%	-	1002.6
UTI Mutual Fund	14	1.38%	-	890.5
Bandhan Mutual Fund	30	8.74%	-	791.1
PGIM India Mutual Fund	22	1.55%	-	591.4
ICICI Prudential Mutual Fund	12	2.25%	-0.13%	425.9
Sundaram Mutual Fund	10	1.80%	-	412
360 ONE Mutual Fund	8	2.78%	-	363.3
Edelweiss Mutual Fund	15	16.23%	-	240.5
Helios Mutual Fund	6	1.44%	+0.08%	230
Motilal Oswal Mutual Fund	10	2.21%	-	205.7
Baroda BNP Paribas Mutual Fund	14	3.32%	-	174.3
Mahindra Manulife Mutual Fund	8	1.35%	-0.10%	173.8
quant Mutual Fund	10	3.10%	-	173.3
Navi Mutual Fund	10	2.61%	-	97
HDFC Mutual Fund	22	0.99%	-0.85%	94.4
ITI Mutual Fund	12	1.68%	-0.10%	91.7
LIC Mutual Fund	12	0.74%	-	43.5
Trust Mutual Fund	4	1.52%	+0.14%	37.1
DSP Mutual Fund	8	1.02%	-	22.1
PPFAS Mutual Fund	4	0.40%	-	20.6
Union Mutual Fund	2	3.00%	-	19
PGIM India Asset Management Private Limite	2	2.90%	+2.11%	15.8
Bank of India Mutual Fund	3	0.37%	-	15.4
WhiteOak Capital Mutual Fund	4	0.69%	-0.01%	14.1
JM Financial Mutual Fund	4	1.12%	+1.14%	9.4
Shriram Mutual Fund	10	2.34%	-	8.2
Groww Mutual Fund	6	5.55%	-	5.4
Zerodha Mutual Fund	3	0.23%	-	4.6
Jio BlackRock Mutual Fund	2	2.79%	-	4.6
Bajaj Finserv Mutual Fund	2	2.84%	-0.02%	1.8
Angel One Mutual Fund	2	0.29%	-	0.3
Taurus Mutual Fund	2	0.00%	-0.59%	0
Unifi Mutual Fund	2	0.00%	-	0
NJ Mutual Fund	2	0.01%	-	-0.8
Old Bridge Mutual Fund	2	0.38%	-0.04%	-1.4
Franklin Templeton Mutual Fund	2	0.51%	+0.17%	-15.1
ICICI Prudential Asset Management Company Limited	1	0.42%	+0.42%	-140
Kotak Mahindra Mutual Fund	12	-19.36%	-0.32%	-1146.4

Varun Beverages Limited

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