Varun Beverages financials

·FMCG & RetailChart ›
Latest results Q1 FY27 · Apr–Jun 2026
Revenue
₹8,651cr+20.8% on Q1 FY26
Net profit
₹1,525cr+15.1% on Q1 FY26
EBITDA margin
27.1%−0.8 pts on Q1 FY26
EPS
₹4.50+15.7% on Q1 FY26

Quarterly results

Every quarter ›
₹ croreQ1 FY27Q1 FY26Change
Revenue8,6517,163+20.8%
EBITDA2,3431,999+17.2%
EBITDA margin27.1%27.9%−0.8 pts
Profit before tax1,9811,733+14.3%
Net profit1,5251,325+15.1%
EPS₹4.50₹3.89+15.7%

Over time

Q1 FY27 · Apr–Jun 2026latest
Revenue₹8,651 crNet profit₹1,525 crNet margin17.6%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Dec 2025FY25Dec 2024FY24Dec 2023FY23Dec 2022FY22 and earlierAlpha Plus
1,36,801————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
2,1261,7842,266242154
182162130148113
2,5082,5082,8265,4313,695
1,37,366————
24,75522,22620,48116,32113,391
—+8.5%+25.5%+21.9%—
5,6595,0494,7113,6092,788
22.9%22.7%23.0%22.1%20.8%
4,2553,8333,7642,9292,171
3,4093,0622,6342,1021,550
13.8%13.8%12.9%12.9%11.6%
₹10.01₹8.98₹7.67₹6.08₹4.43
—+17.0%+26.2%+37.3%—
—3,5093,3812,3911,790
—−2,739−3,779−3,264−1,801
770770−398−873−11.0
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

VBL₹404.50

Varun Beverages Ltd.

· FMCG & Retail
₹ CrorePeersUNITDSPRGODREJCPBRITANNIATATACONSUMNESTLEINDITCHINDUNILVRMARICOMcap ₹1.37L Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/12/2022
FY24
31/12/2023
FY25
31/12/2024
FY26
31/12/2025
Current/LTM
TTM · last close
Market Capitalization————1,36,801.5
- Cash, Equiv & ST Investments154.3242.22,266.31,784.22,125.7
+ Minority Interest113.1148.2129.8162.3181.7
+ Total Debt3,694.85,431.32,826.32,508.22,508.2
Enterprise Value————1,37,365.6
Revenue13,390.616,321.120,481.322,225.624,754.6
Growth %, YoY—+21.9+25.5+8.5—
EBITDA2,788.13,609.54,711.15,049.45,658.6
Margin %20.8222.1223.0022.7222.86
EBIT2,170.92,928.63,763.73,832.94,255.0
Net Income1,550.12,101.82,634.33,062.03,409.3
Margin %11.5812.8812.8613.7813.77
EPS, Adj (current shares)4.436.087.678.9810.01
Growth %, YoY—+37.3+26.2+17.0—
Cash from Operations1,790.02,390.83,381.13,509.3—
Capital Expenditures-1,801.0-3,264.0-3,779.0-2,739.1—
Free Cash Flow-11.0-873.3-397.9770.2770.2
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Varun Beverages financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

Varun Beverages (NSE: VBL) had a market capitalisation of ₹1,40,298 crore at the 29 October 2026 close (₹414.80 a share), a PE ratio of 41.4 on the last four quarters' profit and a price-to-book ratio of 6.44. In the year to December 2025 its consolidated net profit attributable to shareholders was ₹3,036 crore on revenue of ₹22,226 crore; in Q1 FY27 (April–June 2026) it was ₹1,521 crore, up 15.5% year on year. Its debt-to-equity ratio was 0.16 on 30 June 2026. Promoters held 59.43% of the shares on 30 September 2026.

Share price used
₹414.80 · 29 October 2026 close
Latest balance sheet
30 June 2026
Shareholding pattern
30 September 2026

Varun Beverages at a glance · consolidated

Market cap
₹1,40,298 Crat ₹414.80 · 29 Oct close
PE ratio (last 4 quarters)
41.446.2 on the year to December 2025 profit
Price to book (PB)
6.44book value ₹64.37 a share
ROE (the year to December 2025)
16.8%−5.3 pts vs the year to December 2024ROCE 19.1%
Debt to equity
0.16net debt ₹915 Cr
Promoter holding
59.43%unchanged vs 30 Jun 202630 September 2026
Dividend yield
0.36%₹1.50 a share in 12 months
Net worth
₹21,771 Cr+18.6% vs 30 Jun 202530 June 2026
Free cash flow (the year to December 2025)
₹770 Cr

Questions

What is the Varun Beverages PE ratio today?

Varun Beverages' PE ratio is 41.4 at the 29 October 2026 close (₹414.80 a share): a market capitalisation of ₹1,40,298 crore divided by consolidated net profit attributable to shareholders of ₹3,386 crore over the last four quarters (Q2 FY26 to Q1 FY27). On the year to December 2025 net profit attributable to shareholders (₹3,036 crore) it is 46.2.

What is the Varun Beverages PB ratio (price to book value)?

Varun Beverages' price-to-book (PB) ratio is 6.44 at the 29 October 2026 close: a market capitalisation of ₹1,40,298 crore divided by shareholders' equity (book value) of ₹21,771 crore on 30 June 2026. That is a book value of ₹64.37 per share against a share price of ₹414.80.

What is the Varun Beverages net worth?

Varun Beverages' net worth — shareholders' equity in its consolidated balance sheet — was ₹21,771 crore on 30 June 2026, up 18.6% from ₹18,363 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹1,40,298 crore at the 29 October 2026 close.

What is the Varun Beverages market cap?

Varun Beverages' market capitalisation was ₹1,40,298 crore (₹1.40 lakh crore) at the 29 October 2026 close: 338.23 crore shares at ₹414.80 each.

Is Varun Beverages debt free?

No. Varun Beverages had borrowings of ₹3,484 crore on 30 June 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.16. Its cash and current investments were ₹2,568 crore, so its net debt was ₹915 crore.

What is the Varun Beverages EPS?

Varun Beverages' basic earnings per share (EPS) were ₹8.98 in the year to December 2025, against ₹7.95 in the year to December 2024. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹10.01.

What is the Varun Beverages debt to equity ratio?

Varun Beverages' debt-to-equity ratio was 0.16 on 30 June 2026: borrowings of ₹3,484 crore against total equity of ₹21,952 crore. A year earlier, on 30 June 2025, it was 0.12.

What is the Varun Beverages book value per share?

Varun Beverages' book value per share was ₹64.37 on 30 June 2026: shareholders' equity of ₹21,771 crore divided by the 338.23 crore shares in issue, up 18.5% from ₹54.30 a year earlier. The share price at the 29 October 2026 close was ₹414.80.

What is the Varun Beverages free cash flow?

In the year to December 2025, Varun Beverages generated ₹3,509 crore of cash from operations and spent ₹2,739 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹770 crore. In the year to December 2024 it was −₹398 crore.

What is the Varun Beverages ROE and ROCE?

In the year to December 2025, Varun Beverages' return on equity (ROE) was 16.8% and its return on capital employed (ROCE) was 19.1%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In the year to December 2024, ROE was 22.0% and ROCE 25.4%.

What is the Varun Beverages shareholding pattern?

On 30 September 2026, Varun Beverages' shares were held by promoters 59.43%, foreign portfolio investors (FII/FPI) 17.53%, domestic institutions (DII) 16.34% (including mutual funds at 9.79%) and retail and other non-institutional investors 6.70%. Over the year, FII holding was down 4.40 percentage points from 21.93% and DII holding was up 4.55 percentage points from 11.79%.

What is the Varun Beverages revenue and profit in the year to December 2025?

In the year to December 2025 (January 2024–December 2025), Varun Beverages' consolidated net profit attributable to shareholders was ₹3,036 crore, up 17.0% from ₹2,595 crore in the year to December 2024, on revenue from operations of ₹22,226 crore (up 8.5%). Over three years, from the year to December 2022, net profit was up 102.8%.

What is the Varun Beverages dividend yield?

Varun Beverages' dividend yield is 0.36% at the 29 October 2026 close: dividends of ₹1.50 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹414.80. They were ₹0.50 on 31 July 2026 (interim), ₹0.50 on 30 April 2026 (interim) and ₹0.50 on 8 April 2026.

What is the Varun Beverages dividend in 2026 and its record date?

In 2026, Varun Beverages has declared three dividends totalling ₹1.50 a share: ₹0.50 with record date 8 April 2026, ₹0.50 (interim) with record date 1 May 2026 and ex-date 30 April 2026 and ₹0.50 (interim) with record date 1 August 2026 and ex-date 31 July 2026.

What are the Varun Beverages latest quarterly results?

Varun Beverages' latest results are for Q1 FY27 (April–June 2026), filed on 28 July 2026: consolidated net profit attributable to shareholders ₹1,521 crore, up 15.5% from ₹1,317 crore in Q1 FY26; revenue from operations ₹8,651 crore, up 20.8% year on year.

What is the Varun Beverages promoter holding?

Promoters held 59.43% of Varun Beverages on 30 September 2026, unchanged from the previous quarter and down 0.01 percentage points from 59.44% a year earlier, according to the shareholding pattern filed with NSE.

When are the Varun Beverages next results?

Varun Beverages will announce its Q2 FY27 results (July–September 2026) on Friday, 30 October 2026, the date of the board meeting it has notified to the exchanges.

Where do these Varun Beverages figures come from?

From Varun Beverages' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.