Varun Beverages, 540180, VBL Share Price, Rating, Research, Analysis, Fundamental & Historical Data

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

1,56,464.39
56.20
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

1,56,378.60
0.22%
9.03

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

19.41
25.41
14.95

EBITDA CAGR (%)

10 Years
5 Years
3 Years

22.36
31.32
11.07

PAT CAGR (%)

10 Years
5 Years
3 Years

36.96
51.14
20.11

P:E (Median)

8 Years
5 Years
3 Years

60.94
68.00
65.50

P:BV (Average)

8 Years
5 Years
3 Years

11.34
14.16
18.07

EV:EBITDA (Average)

8 Years
5 Years
3 Years

26.96
33.12
39.12

Earnings Forecasts:

(Updated: 06-06-2025)

Description 2024 2025 2026 2027
Adj EPS 7.95 9.69 11.51 13.11
P/E Ratio 58.21 47.76 40.20 35.30
Revenue 19445 23673 27182 30623
EBITDA 4711 5482 6293 7112
Net Income 2595 3265 3850 4401
ROA 13.5 20.3 21.5 20.6
P/B Ratio 9.45 8.14 7.03 6.01
ROE 22.04 18.25 18.57 18.33
FCFF -835 2075 2959 3475
FCFF Yield -0.51 1.26 1.8 2.12
Net Debt 376 903 1790 3041
BVPS 48.97 56.88 65.84 76.97

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var% Jun 24 Jun 23 Var%
Net Sales 4,052.53 3,446.15 17.60% 2,014.03 1,846.30 9.08% 3,086.84 2,892.38 6.72% 5,801.59 4,672.29 24.17%
Expenses 3,042.21 2,625.25 15.88% 1,690.90 1,552.08 8.94% 2,285.88 2,185.15 4.61% 4,063.00 3,364.43 20.76%
EBITDA 1,010.32 820.89 23.08% 323.13 294.22 9.83% 800.96 707.23 13.25% 1,738.59 1,307.86 32.93%
EBIDTM 24.93% 23.82% 16.04% 15.94% 25.95% 24.45% 29.97% 27.99%
Other Income 59.80 32.61 83.38% 153.90 51.08 201.29% 100.17 31.04 222.71% 67.25 45.52 47.74%
Interest 7.80 83.96 -90.71% 63.89 66.55 -4.00% 98.64 55.69 77.12% 103.17 62.30 65.60%
Depreciation 165.01 139.46 18.32% 154.33 125.23 23.24% 157.31 127.98 22.92% 166.81 129.49 28.82%
PBT 897.31 630.09 42.41% 258.80 153.51 68.59% 645.19 554.61 16.33% 1,535.86 1,161.58 32.22%
Tax 219.25 160.82 36.33% 50.18 34.88 43.86% 152.85 139.00 9.96% 385.73 293.61 31.37%
PAT 678.06 469.27 44.49% 208.62 118.63 75.86% 492.34 415.61 18.46% 1,150.14 867.97 32.51%
PATM 16.73% 13.62% 10.36% 6.43% 15.95% 14.37% 19.82% 18.58%
EPS 2.00 1.39 43.88% 0.62 0.35 77.14% 1.46 1.23 18.70% 3.40 2.57 32.30%

Description Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var% Jun 24 Jun 23 Var%
Net Sales 5,680.03 4,397.98 29.15% 3,817.62 2,730.98 39.79% 4,932.06 3,937.76 25.25% 7,333.67 5,699.73 28.67%
Expenses 4,416.06 3,409.22 29.53% 3,237.64 2,312.70 39.99% 3,780.94 3,055.62 23.74% 5,342.45 4,188.71 27.54%
EBITDA 1,263.96 988.76 27.83% 579.97 418.29 38.65% 1,151.12 882.14 30.49% 1,991.22 1,511.02 31.78%
EBIDTM 22.25% 22.48% 15.19% 15.32% 23.34% 22.40% 27.15% 26.51%
Other Income 28.06 8.35 236.05% 44.64 9.12 389.47% 24.25 18.51 31.01% 44.03 41.60 5.84%
Interest 41.12 93.69 -56.11% 109.00 73.66 47.98% 118.53 62.50 89.65% 129.16 69.37 86.19%
Depreciation 272.51 187.52 45.32% 260.78 165.97 57.12% 256.61 170.81 50.23% 242.48 171.93 41.03%
PBT 978.38 715.91 36.66% 254.82 187.77 35.71% 800.23 667.34 19.91% 1,663.61 1,311.33 26.86%
Tax 246.45 167.77 46.90% 58.49 44.22 32.27% 171.31 152.86 12.07% 401.24 305.67 31.27%
PAT 731.94 548.14 33.53% 196.33 143.55 36.77% 628.92 514.48 22.24% 1,262.37 1,005.66 25.53%
PATM 12.89% 12.46% 5.14% 5.26% 12.75% 13.07% 17.21% 17.64%
EPS 2.15 1.65 30.30% 0.55 0.41 34.15% 1.91 1.54 24.03% 3.86 3.06 26.14%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone

Description TTM Dec 24 Dec 23 Dec 22 Dec 21 Dec 20 Dec 19 Dec 18 Dec 17 Dec 16 Dec 15
Net Sales 14,954.99 14,348.60 12,632.83 10,595.83 6,595.74 4,876.45 5,615.66 3,862.28 3,062.59 2,979.60 2,864.01 Net Sales Growth 16.32% 13.58% 19.22% 60.65% 35.26% -13.16% 45.40% 26.11% 2.79% 4.04% Cost Of Goods Sold 6,929.09 6,603.98 5,990.40 5,277.14 3,129.17 2,215.67 2,611.94 1,774.41 1,404.31 1,365.87 1,487.59 Gross Profit 8,025.90 7,744.62 6,642.43 5,318.68 3,466.57 2,660.77 3,003.73 2,087.86 1,658.28 1,613.74 1,376.43 GP Margin 53.67% 53.97% 52.58% 50.20% 52.56% 54.56% 53.49% 54.06% 54.15% 54.16% 48.06% Total Expenditure 11,081.99 10,661.09 9,648.02 8,415.83 5,415.34 4,016.47 4,410.56 2,999.70 2,339.70 2,277.37 2,289.14 Power & Fuel Cost - 475.65 436.94 388.97 258.39 203.07 220.19 158.80 130.38 124.20 109.40 % Of Sales - 3.31% 3.46% 3.67% 3.92% 4.16% 3.92% 4.11% 4.26% 4.17% 3.82% Employee Cost - 1,177.55 1,036.80 920.47 741.12 695.06 630.81 411.47 319.13 280.06 245.75 % Of Sales - 8.21% 8.21% 8.69% 11.24% 14.25% 11.23% 10.65% 10.42% 9.40% 8.58% Manufacturing Exp. - 1,452.27 1,349.84 1,172.94 787.26 639.39 633.65 448.14 318.94 353.56 313.93 % Of Sales - 10.12% 10.69% 11.07% 11.94% 13.11% 11.28% 11.60% 10.41% 11.87% 10.96% General & Admin Exp. - 361.83 323.80 238.98 215.83 148.53 191.31 118.03 94.81 82.67 90.14 % Of Sales - 2.52% 2.56% 2.26% 3.27% 3.05% 3.41% 3.06% 3.10% 2.77% 3.15% Selling & Distn. Exp. - 435.93 376.33 328.15 228.65 85.13 103.07 61.31 39.08 47.69 29.37 % Of Sales - 3.04% 2.98% 3.10% 3.47% 1.75% 1.84% 1.59% 1.28% 1.60% 1.03% Miscellaneous Exp. - 153.88 133.92 89.17 54.92 29.61 19.60 27.53 33.04 23.31 29.37 % Of Sales - 1.07% 1.06% 0.84% 0.83% 0.61% 0.35% 0.71% 1.08% 0.78% 0.45% EBITDA 3,873.00 3,687.51 2,984.81 2,180.00 1,180.40 859.98 1,205.10 862.58 722.89 702.23 574.87 EBITDA Margin 25.90% 25.70% 23.63% 20.57% 17.90% 17.64% 21.46% 22.33% 23.60% 23.57% 20.07% Other Income 381.12 353.94 146.14 143.76 57.64 71.99 98.01 91.64 47.39 50.92 46.42 Interest 273.50 353.60 244.45 156.12 156.69 249.95 281.61 195.70 192.45 389.49 139.71 Depreciation 643.46 617.91 518.33 483.13 399.83 412.82 387.20 295.55 273.64 249.46 262.62 PBT 3,337.16 3,069.94 2,368.16 1,684.50 681.52 269.21 634.29 462.96 304.19 114.21 218.96 Tax 808.01 749.58 593.04 414.30 192.03 -23.75 185.74 130.60 68.59 24.71 67.31 Tax Rate 24.21% 24.42% 25.04% 24.59% 28.18% -11.72% 29.28% 28.21% 22.55% 21.64% 30.74% PAT 2,529.16 2,320.36 1,775.13 1,270.20 489.49 226.43 448.55 332.36 235.60 89.50 151.65 PAT before Minority Interest 2,529.16 2,320.36 1,775.13 1,270.20 489.49 226.43 448.55 332.36 235.60 89.50 151.65 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 16.91% 16.17% 14.05% 11.99% 7.42% 4.64% 7.99% 8.61% 7.69% 3.00% 5.30% PAT Growth 35.14% 30.71% 39.75% 159.49% 116.18% -49.52% 34.96% 41.07% 163.24% -40.98% EPS 7.48 6.86 5.25 3.76 1.45 0.67 1.33 0.98 0.70 0.26 0.45

Description TTM Dec 24 Dec 23 Dec 22 Dec 21 Dec 20 Dec 19 Dec 18 Dec 17 Dec 16 Dec 15
Net Sales 21,763.38 20,007.65 16,042.58 13,173.14 8,823.23 6,450.14 7,129.58 5,105.26 4,003.54 3,861.18 3,394.15 Net Sales Growth 29.80% 24.72% 21.78% 49.30% 36.79% -9.53% 39.65% 27.52% 3.69% 13.76% Cost Of Goods Sold 9,546.24 8,904.72 7,404.89 6,261.15 4,034.66 2,763.94 3,219.43 2,244.10 1,810.06 1,737.88 1,716.48 Gross Profit 12,217.14 11,102.93 8,637.69 6,911.99 4,788.57 3,686.20 3,910.15 2,861.16 2,193.48 2,123.30 1,677.67 GP Margin 56.14% 55.49% 53.84% 52.47% 54.27% 57.15% 54.84% 56.04% 54.79% 54.99% 49.43% Total Expenditure 16,777.09 15,264.11 12,409.60 10,367.07 7,146.32 5,235.64 5,667.26 4,088.43 3,165.22 3,063.01 2,763.43 Power & Fuel Cost - 629.51 550.28 479.22 329.93 267.00 279.06 194.80 160.04 156.22 131.15 % Of Sales - 3.15% 3.43% 3.64% 3.74% 4.14% 3.91% 3.82% 4.00% 4.05% 3.86% Employee Cost - 1,885.03 1,446.59 1,216.64 1,007.70 889.74 810.82 582.95 462.84 421.03 323.75 % Of Sales - 9.42% 9.02% 9.24% 11.42% 13.79% 11.37% 11.42% 11.56% 10.90% 9.54% Manufacturing Exp. - 2,373.18 1,828.22 1,531.96 1,074.15 873.02 824.06 624.40 435.57 459.34 378.26 % Of Sales - 11.86% 11.40% 11.63% 12.17% 13.53% 11.56% 12.23% 10.88% 11.90% 11.14% General & Admin Exp. - 558.98 453.79 318.03 304.50 221.44 242.13 172.74 141.13 147.72 112.58 % Of Sales - 2.79% 2.83% 2.41% 3.45% 3.43% 3.40% 3.38% 3.53% 3.83% 3.32% Selling & Distn. Exp. - 669.55 509.55 418.00 316.32 157.36 167.51 153.64 115.28 111.36 75.01 % Of Sales - 3.35% 3.18% 3.17% 3.59% 2.44% 2.35% 3.01% 2.88% 2.88% 2.21% Miscellaneous Exp. - 243.14 216.28 142.06 79.06 63.14 124.26 115.80 40.30 29.45 75.01 % Of Sales - 1.22% 1.35% 1.08% 0.90% 0.98% 1.74% 2.27% 1.01% 0.76% 0.77% EBITDA 4,986.27 4,743.54 3,632.98 2,806.07 1,676.91 1,214.50 1,462.32 1,016.83 838.32 798.17 630.72 EBITDA Margin 22.91% 23.71% 22.65% 21.30% 19.01% 18.83% 20.51% 19.92% 20.94% 20.67% 18.58% Other Income 140.98 121.27 79.36 38.85 68.26 36.97 42.53 21.82 12.51 35.73 47.45 Interest 397.81 482.86 291.60 204.09 207.31 293.74 324.31 222.80 214.59 434.74 170.15 Depreciation 1,032.38 947.39 680.91 617.19 531.26 528.70 488.63 385.07 346.64 322.21 317.41 PBT 3,697.04 3,434.57 2,739.84 2,023.64 1,006.61 429.03 691.91 430.78 289.60 76.96 190.61 Tax 877.49 798.80 637.55 473.52 260.56 5.23 224.07 133.94 76.89 31.30 78.86 Tax Rate 23.73% 23.26% 23.27% 23.40% 25.88% 1.44% 32.38% 31.09% 26.55% 40.67% 41.37% PAT 2,819.56 2,594.63 2,055.92 1,497.43 694.05 328.99 464.61 289.82 208.81 40.00 111.75 PAT before Minority Interest 2,785.75 2,634.28 2,101.81 1,550.11 746.05 357.27 467.84 296.84 212.71 45.66 111.75 Minority Interest -33.81 -39.65 -45.89 -52.68 -52.00 -28.28 -3.23 -7.02 -3.90 -5.66 0.00 PAT Margin 12.96% 12.97% 12.82% 11.37% 7.87% 5.10% 6.52% 5.68% 5.22% 1.04% 3.29% PAT Growth 27.48% 26.20% 37.30% 115.75% 110.96% -29.19% 60.31% 38.80% 422.02% -64.21% EPS 8.34 7.67 6.08 4.43 2.05 0.97 1.37 0.86 0.62 0.12 0.33

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone

Description Dec 24 Dec 23 Dec 22 Dec 21 Dec 20 Dec 19 Dec 18 Dec 17 Dec 16 Dec 15
Shareholder's Funds 16,558.71 7,075.80 5,517.40 4,398.62 4,011.77 3,867.12 2,588.94 2,296.80 2,136.74 860.42 Share Capital 676.30 649.61 649.55 433.03 288.69 288.69 182.64 182.59 182.31 583.77 Total Reserves 15,863.93 6,417.35 4,864.94 3,965.59 3,723.08 3,578.43 2,406.26 2,114.11 1,954.42 276.65 Non-Current Liabilities 751.95 3,640.71 2,283.24 2,219.51 2,377.19 2,729.33 2,140.62 1,831.76 1,309.76 2,314.87 Secured Loans 144.21 3,010.55 1,653.26 1,712.44 1,954.35 2,291.71 1,835.91 1,559.51 1,063.87 683.15 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 46.65 59.26 819.91 Long Term Provisions 177.70 205.63 197.66 199.46 193.16 160.67 97.65 65.85 53.95 38.42 Current Liabilities 2,173.32 3,292.94 3,268.31 2,447.49 1,933.05 1,847.27 1,400.69 1,204.11 1,180.54 966.23 Trade Payables 557.83 491.86 575.79 463.46 272.07 317.88 178.32 83.83 144.41 99.29 Other Current Liabilities 932.11 1,910.44 2,079.47 1,366.75 967.73 1,007.89 816.71 872.91 839.08 762.21 Short Term Borrowings 568.34 775.50 517.29 560.52 635.54 411.04 318.88 192.59 148.25 68.10 Short Term Provisions 115.04 115.14 95.75 56.75 57.72 110.46 86.78 54.78 48.79 36.63 Total Liabilities 19,483.98 14,009.45 11,068.95 9,065.62 8,322.01 8,443.72 6,130.25 5,332.67 4,627.04 4,141.52 Net Block 9,181.10 6,938.21 5,751.87 5,011.61 5,263.41 5,401.75 3,321.82 3,278.00 2,991.53 2,916.19 Gross Block 12,910.12 10,138.82 8,559.89 7,410.59 7,308.34 7,175.72 4,743.23 4,554.31 4,087.15 3,813.32 Accumulated Depreciation 3,729.02 3,200.61 2,760.96 2,398.98 2,044.93 1,773.96 1,421.41 1,276.30 1,095.62 897.14 Non Current Assets 14,145.93 11,074.33 8,617.05 7,297.40 7,030.10 7,064.97 5,184.64 4,567.08 4,043.46 3,586.66 Capital Work in Progress 960.03 1,576.00 539.95 477.95 39.01 58.58 339.23 11.97 68.94 32.03 Non Current Investment 2,096.01 1,449.95 1,354.32 1,352.24 1,352.16 907.78 774.50 627.19 500.53 303.92 Long Term Loans & Adv. 1,900.66 1,102.28 967.30 451.72 371.98 692.21 745.19 646.15 479.48 329.52 Other Non Current Assets 8.13 7.89 3.62 3.87 3.54 4.65 3.90 3.77 2.98 5.01 Current Assets 5,338.05 2,935.13 2,451.90 1,768.22 1,291.91 1,378.75 945.61 765.59 583.58 554.86 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 1,688.70 1,535.87 1,426.15 1,066.27 679.06 672.98 418.32 315.67 359.97 350.79 Sundry Debtors 199.76 212.94 150.24 132.07 170.53 130.53 134.47 94.69 47.14 50.05 Cash & Bank 2,058.71 52.31 47.49 24.23 36.48 32.42 1.84 31.27 14.94 19.58 Other Current Assets 1,390.88 768.25 479.73 292.55 405.84 542.82 390.98 323.95 161.52 134.43 Short Term Loans & Adv. 413.34 365.75 348.29 253.09 180.18 250.71 205.81 135.89 123.96 91.17 Net Current Assets 3,164.73 -357.81 -816.41 -679.26 -641.14 -468.52 -455.07 -438.52 -596.96 -411.38 Total Assets 19,483.98 14,009.46 11,068.95 9,065.62 8,322.01 8,443.72 6,130.25 5,332.67 4,627.04 4,141.52

Description Dec 24 Dec 23 Dec 22 Dec 21 Dec 20 Dec 19 Dec 18 Dec 17 Dec 16 Dec 15
Shareholder's Funds 16,609.83 6,936.50 5,102.38 4,079.91 3,524.00 3,328.42 1,998.50 1,769.43 1,693.60 674.28 Share Capital 676.30 649.61 649.55 433.03 288.69 288.69 182.64 182.59 182.31 583.77 Total Reserves 15,915.06 6,278.04 4,449.92 3,646.88 3,235.31 3,039.73 1,815.82 1,586.60 1,511.28 90.51 Non-Current Liabilities 1,860.22 3,949.32 2,434.00 2,362.54 2,423.63 2,796.19 2,250.86 1,918.76 1,416.20 2,403.00 Secured Loans 840.69 3,188.94 1,727.02 1,813.33 1,979.62 2,355.38 1,973.66 1,632.52 1,143.38 759.61 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 6.41 58.85 74.98 819.91 Long Term Provisions 189.43 212.64 204.11 208.54 203.91 170.34 105.25 73.26 60.59 44.31 Current Liabilities 4,524.43 4,153.21 3,968.75 3,020.25 2,434.95 2,220.29 1,740.87 1,588.85 1,727.53 1,353.96 Trade Payables 1,560.43 758.25 824.26 711.75 511.38 477.66 316.80 190.95 274.59 184.56 Other Current Liabilities 1,537.86 2,270.21 2,412.04 1,616.32 1,172.64 1,230.30 997.90 1,020.95 1,019.30 879.79 Short Term Borrowings 1,286.61 1,003.21 627.70 628.49 713.86 467.15 377.65 353.37 411.13 252.41 Short Term Provisions 139.52 121.55 104.76 63.68 37.06 45.18 48.52 23.59 22.51 37.21 Total Liabilities 23,124.29 15,187.19 11,618.24 9,579.49 8,447.37 8,375.58 5,998.00 5,275.61 4,824.42 4,431.24 Net Block 13,401.74 8,409.17 6,932.22 6,310.77 6,408.62 6,479.04 4,386.97 3,980.52 3,715.49 3,495.57 Gross Block 18,801.84 12,445.09 10,441.42 9,409.89 9,032.83 8,744.53 6,171.64 5,634.54 5,158.93 4,632.47 Accumulated Depreciation 5,400.11 4,035.92 3,462.14 3,099.11 2,624.22 2,265.49 1,784.67 1,654.02 1,443.43 1,136.90 Non Current Assets 15,260.30 10,951.55 8,214.21 7,033.37 6,647.69 6,703.70 4,857.26 4,306.98 3,971.86 3,701.04 Capital Work in Progress 1,166.71 1,922.22 606.63 496.61 66.81 63.82 352.36 145.44 95.58 37.91 Non Current Investment 59.50 21.08 0.01 0.00 0.00 0.00 11.24 8.23 6.87 3.27 Long Term Loans & Adv. 622.36 591.16 671.74 222.11 168.72 156.13 102.78 169.03 150.93 159.28 Other Non Current Assets 9.99 7.92 3.62 3.87 3.54 4.71 3.90 3.77 2.98 5.01 Current Assets 7,863.97 4,235.63 3,404.03 2,546.11 1,799.68 1,671.88 1,140.75 968.62 852.56 730.20 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 2,791.23 2,150.53 1,993.88 1,448.09 928.80 881.51 578.40 438.89 489.93 424.66 Sundry Debtors 845.84 359.38 299.34 221.25 241.80 172.56 128.03 150.25 131.34 97.91 Cash & Bank 2,450.05 459.86 285.27 336.62 190.05 171.08 93.48 94.46 65.70 58.07 Other Current Assets 1,776.84 739.89 401.53 251.27 439.03 446.74 340.85 285.02 165.59 149.56 Short Term Loans & Adv. 918.05 525.96 424.01 288.89 246.38 212.85 191.58 146.30 141.13 109.34 Net Current Assets 3,339.55 82.42 -564.72 -474.13 -635.27 -548.41 -600.12 -620.23 -874.97 -623.76 Total Assets 23,124.27 15,187.18 11,618.24 9,579.48 8,447.37 8,375.58 5,998.01 5,275.60 4,824.42 4,431.24

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone

Description Dec 24 Dec 23 Dec 22 Dec 21 Dec 20 Dec 19 Dec 18 Dec 17 Dec 16 Dec 15
Cash From Operating Activity 2,966.94 1,952.88 1,558.79 867.86 719.67 1,066.91 742.05 499.56 751.65 510.23 PBT 3,069.94 2,368.16 1,684.50 681.52 202.68 634.29 462.96 304.19 114.21 218.96 Adjustment 748.68 706.79 574.52 525.17 666.59 579.90 431.88 442.75 613.20 372.15 Changes in Working Capital -189.16 -491.26 -367.39 -240.31 -101.98 -37.14 -93.87 -198.67 75.25 -44.27 Cash after chg. in Working capital 3,629.45 2,583.70 1,891.63 966.39 767.29 1,177.05 800.97 548.28 802.65 546.83 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -662.51 -630.82 -332.85 -98.52 -47.62 -110.14 -58.93 -48.72 -51.00 -36.60 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -3,687.09 -2,769.57 -1,509.31 -725.33 -227.97 -2,229.34 -704.45 -809.45 -1,108.50 -360.20 Net Fixed Assets -2,155.33 -2,614.98 -1,211.30 -541.19 -113.05 -2,151.84 -516.18 -410.19 -310.74 -1,449.75 Net Investments -646.06 -95.63 -2.08 -0.08 -444.38 -133.28 -147.31 -126.66 -196.61 218.65 Others -885.70 -58.96 -295.93 -184.06 329.46 55.78 -40.96 -272.60 -601.15 870.90 Cash from Financing Activity 2,728.75 818.78 -26.23 -154.79 -487.65 1,193.01 -67.08 326.29 352.78 -134.34 Net Cash Inflow / Outflow 2,008.60 2.09 23.24 -12.26 4.05 30.58 -29.49 16.40 -4.06 15.68 Opening Cash & Equivalents 49.48 47.39 24.15 36.40 32.35 1.77 31.26 14.87 18.93 3.24 Closing Cash & Equivalent 2,058.08 49.48 47.39 24.15 36.40 32.35 1.77 31.26 14.87 18.93

Description Dec 24 Dec 23 Dec 22 Dec 21 Dec 20 Dec 19 Dec 18 Dec 17 Dec 16 Dec 15
Cash From Operating Activity 3,381.10 2,390.78 1,790.03 1,231.42 1,011.99 1,307.60 999.78 619.76 825.78 554.79 PBT 3,434.57 2,739.84 2,023.64 1,006.61 362.50 691.91 430.78 289.60 76.96 190.61 Adjustment 1,343.48 992.36 724.91 617.79 837.85 820.92 692.34 583.81 743.24 454.35 Changes in Working Capital -669.39 -673.48 -585.19 -268.75 -110.84 -85.12 -50.05 -196.54 63.65 -41.86 Cash after chg. in Working capital 4,108.66 3,058.72 2,163.36 1,355.65 1,089.51 1,427.71 1,073.07 676.87 883.84 603.10 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -727.57 -667.94 -373.33 -124.23 -77.52 -120.11 -73.29 -57.11 -58.06 -48.30 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -4,316.78 -3,289.87 -1,704.60 -1,010.64 -471.10 -2,319.25 -873.42 -745.27 -1,047.80 -299.67 Net Fixed Assets -2,155.33 -2,614.98 -1,211.30 -541.19 -113.05 -2,151.84 -516.18 -410.19 -310.74 Net Investments -646.06 -95.63 -2.08 -0.08 -444.38 -133.28 -147.31 -126.66 -196.61 Others -1,515.39 -579.26 -491.22 -469.37 86.33 -34.13 -209.93 -208.42 -540.45 Cash from Financing Activity 2,953.54 984.90 -17.94 -177.68 -573.72 1,107.34 -84.39 158.63 230.23 -236.00 Net Cash Inflow / Outflow 2,017.85 85.81 67.49 43.10 -32.83 95.69 41.97 33.13 8.21 19.12 Opening Cash & Equivalents 242.21 154.33 150.75 104.56 137.97 42.94 64.95 32.50 24.29 5.17 Closing Cash & Equivalent 2,266.28 242.21 154.33 150.75 104.56 137.97 42.94 64.95 32.50 24.29

Financial Ratios

Consolidated /

Standalone

Description Dec 24 Dec 23 Dec 22 Dec 21 Dec 20 Dec 19 Dec 18 Dec 17 Dec 16 Dec 15
Book Value (Rs.) 48.91 21.76 42.45 67.72 92.64 133.95 94.50 83.86 78.13 20.45 ROA 13.86% 14.16% 12.62% 5.64% 2.70% 6.16% 5.80% 4.73% 2.04% 4.32% ROE 19.66% 28.22% 25.63% 11.64% 5.75% 13.90% 13.61% 10.63% 7.03% 45.65% ROCE 23.43% 25.09% 22.23% 11.45% 6.41% 15.08% 13.92% 12.45% 16.22% 14.07% Fixed Asset Turnover 1.26 1.37 1.36 0.93 0.81 1.15 0.83 0.91 1.06 1.07 Receivable days 5.19 5.19 4.74 8.10 9.41 7.04 10.83 6.61 4.25 4.66 Inventory Days 40.57 42.33 41.87 46.73 42.24 28.97 34.68 31.46 31.10 31.05 Payable days 29.01 32.53 35.94 42.90 25.27 19.16 14.86 16.30 18.23 14.18 Cash Conversion Cycle 16.75 14.99 10.68 11.93 26.38 16.85 30.65 21.77 17.12 21.54 Total Debt/Equity 0.05 0.67 0.63 0.72 0.76 0.83 0.96 0.91 0.68 2.04 Interest Cover 9.68 10.69 11.79 5.35 1.81 3.25 3.37 2.58 1.29 2.57

Description Dec 24 Dec 23 Dec 22 Dec 21 Dec 20 Dec 19 Dec 18 Dec 17 Dec 16 Dec 15
Book Value (Rs.) 49.06 21.33 39.25 62.81 81.38 115.29 72.95 64.60 61.93 11.18 ROA 13.75% 15.68% 14.63% 8.28% 4.25% 6.51% 5.27% 4.21% 0.99% 2.89% ROE 22.40% 34.95% 33.77% 19.62% 10.43% 17.57% 15.76% 12.29% 4.76% 60.84% ROCE 25.18% 28.97% 27.47% 17.13% 9.73% 17.59% 14.16% 12.10% 15.36% 13.09% Fixed Asset Turnover 1.36 1.46 1.39 1.01 0.86 1.16 0.89 0.84 0.93 0.99 Receivable days 10.36 7.22 6.90 9.08 9.87 6.36 9.71 11.38 9.23 9.12 Inventory Days 42.47 45.42 45.61 46.59 43.13 30.87 35.51 37.53 36.83 33.36 Payable days 47.52 39.00 44.77 55.33 32.77 24.40 21.80 24.92 25.83 22.46 Cash Conversion Cycle 5.31 13.63 7.74 0.34 20.23 12.83 23.43 23.99 20.23 20.02 Total Debt/Equity 0.14 0.75 0.72 0.82 0.91 1.03 1.41 1.50 1.31 3.08 Interest Cover 8.11 10.39 10.92 5.86 2.23 3.13 2.93 2.35 1.18 2.12

Top Investors:

government pension fund global

government of singapore

new world fund inc

Annual Reports:

News Update:

Varun Beverages starts commercial production at Mendipathar facility
29th May 2025, 09:38 AM

The company has started commercial production of carbonated soft drinks & juice based drinks
Read More
Varun Beverages acquires 50% equity share of Everest Industrial Lanka
27th May 2025, 12:45 PM

The company has completed the acquisition on May 27, 2025
Read More
Varun Beverages gets nod to acquire 50% stake of Everest Industrial Lanka
19th May 2025, 16:00 PM

This acquisition will enable the company to source its visi-coolers requirements internally within the group
Read More
Varun Beverages logs 33% jump in Q1 consolidated net profit
30th Apr 2025, 16:13 PM

The total consolidated income of the company increased by 29.54% at Rs 5,708.08 crore for first quarter ended March 31, 2025
Read More
Varun Beverages starts commercial production at Prayagraj facility
23rd Apr 2025, 14:22 PM

The company has started commercial production of carbonated soft drinks, juice-based drinks & packaged drinking water
Read More

Varun Beverages Ltd.

Consumer Food

BSE: 540180 | NSE: VBL

Stock Summary

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Consolidated Figures in Rs. Crores /

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Cash Flow

Consolidated Figures in Rs. Crores /

Financial Ratios

Consolidated /

Top Investors:

Annual Reports:

News Update:

Varun Beverages Ltd.

Consumer Food

BSE: 540180 | NSE: VBL

Stock Summary

Shareholding Pattern

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Consolidated Figures in Rs. Crores /

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Cash Flow

Consolidated Figures in Rs. Crores /

Financial Ratios

Consolidated /

Top Investors:

Annual Reports:

News Update: