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

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

1,59,290.38
55.93
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

1,58,775.46
0.21%
8.67

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

60.36
65.59
64.23

P:BV (Average)

8 Years
5 Years
3 Years

11.41
14.31
17.75

EV:EBITDA (Average)

8 Years
5 Years
3 Years

27.42
33.77
39.32

Earnings Forecasts:

(Updated: 16-09-2025)

Description 2024 2025 2026 2027
Adj EPS 9.22 10.93 12.7 13.46
P/E Ratio 51.09 43.10 37.09 35.00
Revenue 22556.8 26202.1 29531.5 31475.5
EBITDA 5274.51 6101.29 6951.21 7549.3
Net Income 3109.06 3694.15 4317.01 4671.8
ROA 18.89 20.3 20.99 19.93
P/B Ratio 8.34 7.25 6.32 5.19
ROE 17.49 18.18 18.51 17.37
FCFF 1874.32 2803.47 3428.91
FCFF Yield 1.16 1.74 2.12
Net Debt 774.34 1623.92 3168.69 9281.03
BVPS 56.47 64.95 74.54 90.84

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 5,305.02 5,801.59 -8.56% 4,052.53 3,446.15 17.60% 2,014.03 1,846.30 9.08% 3,086.84 2,892.38 6.72%
Expenses 3,663.54 4,063.00 -9.83% 3,042.21 2,625.25 15.88% 1,690.90 1,552.08 8.94% 2,285.88 2,185.15 4.61%
EBITDA 1,641.48 1,738.59 -5.59% 1,010.32 820.89 23.08% 323.13 294.22 9.83% 800.96 707.23 13.25%
EBIDTM 30.94% 29.97% 24.93% 23.82% 16.04% 15.94% 25.95% 24.45%
Other Income 90.01 67.25 33.84% 59.80 32.61 83.38% 153.90 51.08 201.29% 100.17 31.04 222.71%
Interest 3.69 103.17 -96.42% 7.80 83.96 -90.71% 63.89 66.55 -4.00% 98.64 55.69 77.12%
Depreciation 180.11 166.81 7.97% 165.01 139.46 18.32% 154.33 125.23 23.24% 157.31 127.98 22.92%
PBT 1,547.70 1,535.86 0.77% 897.31 630.09 42.41% 258.80 153.51 68.59% 645.19 554.61 16.33%
Tax 387.54 385.73 0.47% 219.25 160.82 36.33% 50.18 34.88 43.86% 152.85 139.00 9.96%
PAT 1,160.16 1,150.14 0.87% 678.06 469.27 44.49% 208.62 118.63 75.86% 492.34 415.61 18.46%
PATM 21.87% 19.82% 16.73% 13.62% 10.36% 6.43% 15.95% 14.37%
EPS 3.43 3.40 0.88% 2.00 1.39 43.88% 0.62 0.35 77.14% 1.46 1.23 18.70%

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 7,163.02 7,333.67 -2.33% 5,680.03 4,397.98 29.15% 3,817.62 2,730.98 39.79% 4,932.06 3,937.76 25.25%
Expenses 5,164.25 5,342.45 -3.34% 4,416.06 3,409.22 29.53% 3,237.64 2,312.70 39.99% 3,780.94 3,055.62 23.74%
EBITDA 1,998.77 1,991.22 0.38% 1,263.96 988.76 27.83% 579.97 418.29 38.65% 1,151.12 882.14 30.49%
EBIDTM 27.90% 27.15% 22.25% 22.48% 15.19% 15.32% 23.34% 22.40%
Other Income 77.16 44.03 75.24% 28.06 8.35 236.05% 44.64 9.12 389.47% 24.25 18.51 31.01%
Interest 36.55 129.16 -71.70% 41.12 93.69 -56.11% 109.00 73.66 47.98% 118.53 62.50 89.65%
Depreciation 306.15 242.48 26.26% 272.51 187.52 45.32% 260.78 165.97 57.12% 256.61 170.81 50.23%
PBT 1,733.23 1,663.61 4.18% 978.38 715.91 36.66% 254.82 187.77 35.71% 800.23 667.34 19.91%
Tax 406.56 401.24 1.33% 246.45 167.77 46.90% 58.49 44.22 32.27% 171.31 152.86 12.07%
PAT 1,326.68 1,262.37 5.09% 731.94 548.14 33.53% 196.33 143.55 36.77% 628.92 514.48 22.24%
PATM 18.52% 17.21% 12.89% 12.46% 5.14% 5.26% 12.75% 13.07%
EPS 3.89 3.86 0.78% 2.15 1.65 30.30% 0.55 0.41 34.15% 1.91 1.54 24.03%

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 14,458.42 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 3.37% 13.58% 19.22% 60.65% 35.26% -13.16% 45.40% 26.11% 2.79% 4.04% Cost Of Goods Sold 6,708.41 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 7,750.01 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 53.60% 53.97% 52.58% 50.20% 52.56% 54.56% 53.49% 54.06% 54.15% 54.16% 48.06% Total Expenditure 10,682.53 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 3,775.89 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 26.12% 25.70% 23.63% 20.57% 17.90% 17.64% 21.46% 22.33% 23.60% 23.57% 20.07% Other Income 403.88 353.94 146.14 143.76 57.64 71.99 98.01 91.64 47.39 50.92 46.42 Interest 174.02 353.60 244.45 156.12 156.69 249.95 281.61 195.70 192.45 389.49 139.71 Depreciation 656.76 617.91 518.33 483.13 399.83 412.82 387.20 295.55 273.64 249.46 262.62 PBT 3,349.00 3,069.94 2,368.16 1,684.50 681.52 269.21 634.29 462.96 304.19 114.21 218.96 Tax 809.82 749.58 593.04 414.30 192.03 -23.75 185.74 130.60 68.59 24.71 67.31 Tax Rate 24.18% 24.42% 25.04% 24.59% 28.18% -11.72% 29.28% 28.21% 22.55% 21.64% 30.74% PAT 2,539.18 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 2,539.18 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 17.56% 16.17% 14.05% 11.99% 7.42% 4.64% 7.99% 8.61% 7.69% 3.00% 5.30% PAT Growth 17.90% 30.71% 39.75% 159.49% 116.18% -49.52% 34.96% 41.07% 163.24% -40.98% EPS 7.51 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 21,592.73 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 17.35% 24.72% 21.78% 49.30% 36.79% -9.53% 39.65% 27.52% 3.69% 13.76% Cost Of Goods Sold 9,476.77 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 12,115.96 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 56.11% 55.49% 53.84% 52.47% 54.27% 57.15% 54.84% 56.04% 54.79% 54.99% 49.43% Total Expenditure 16,598.89 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 4,993.82 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 23.13% 23.71% 22.65% 21.30% 19.01% 18.83% 20.51% 19.92% 20.94% 20.67% 18.58% Other Income 174.11 121.27 79.36 38.85 68.26 36.97 42.53 21.82 12.51 35.73 47.45 Interest 305.20 482.86 291.60 204.09 207.31 293.74 324.31 222.80 214.59 434.74 170.15 Depreciation 1,096.05 947.39 680.91 617.19 531.26 528.70 488.63 385.07 346.64 322.21 317.41 PBT 3,766.66 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 882.81 798.80 637.55 473.52 260.56 5.23 224.07 133.94 76.89 31.30 78.86 Tax Rate 23.44% 23.26% 23.27% 23.40% 25.88% 1.44% 32.38% 31.09% 26.55% 40.67% 41.37% PAT 2,883.87 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 2,850.83 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 -33.04 -39.65 -45.89 -52.68 -52.00 -28.28 -3.23 -7.02 -3.90 -5.66 0.00 PAT Margin 13.36% 12.97% 12.82% 11.37% 7.87% 5.10% 6.52% 5.68% 5.22% 1.04% 3.29% PAT Growth 16.82% 26.20% 37.30% 115.75% 110.96% -29.19% 60.31% 38.80% 422.02% -64.21% EPS 8.53 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

Annual Reports:

News Update:

Varun Beverages incorporates joint venture company in India
5th Sep 2025, 11:43 AM

The company has incorporated joint venture company namely ‘White Peak Refrigeration’
Read More
Varun Beverages gets nod to invest upto 26% of Equity Share Capital in Jager Renewables Two
4th Sep 2025, 10:51 AM

The Investment and Borrowing Committee of the Board of Directors of the company at its meeting held on September 3, 2025, has approved the same
Read More
Varun Beverages gets nod for incorporation of joint venture company
29th Jul 2025, 14:58 PM

This joint venture company will carry on the business of manufacturing of visi-coolers and other refrigeration equipment’s etc
Read More
Varun Beverages reports 5% rise in Q1 consolidated net profit
29th Jul 2025, 14:11 PM

The consolidated total income of the company decreased by 1.86% at Rs 7240.18 crore for Q1FY26
Read More
Varun Beverages - Quarterly Results
29th Jul 2025, 11:56 AM

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: