Varun Beverages DuPont analysis

Profitability Growth Credit Liquidity Working capital Dividend yield DuPont CAGR

Per cent unless marked ×

Tap a line for its trend	Last 12Mto Sep 2026	FY26Dec 2025	FY25Dec 2024	FY24Dec 2023	FY23Dec 2022	FY22 and earlierAlpha Plus

5-step DuPont — ROE = tax burden × interest burden × EBIT margin × turnover × leverage						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	0.77×	0.76×	0.77×	0.77×	0.77×
	1.03×	1.05×	0.91×	0.94×	0.93×
	16.7%	17.2%	18.4%	17.9%	16.2%
	0.91×	0.91×	1.07×	1.22×	1.26×
	1.30×	1.30×	1.38×	2.14×	2.23×
	15.5%	16.2%	19.0%	33.7%	32.5%
	16.8%	16.8%	22.0%	34.2%	32.6%

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

alphave

VBL₹414.80

Varun Beverages Ltd.

· FMCG & Retail

₹ CrorePeersUNITDSPR GODREJCP BRITANNIA TATACONSUM NESTLEIND ITC HINDUNILVR MARICOMcap ₹1.40L Cr

Profitability Growth Credit Liquidity Working Capital Yield Analysis DuPont

Ratios — % unless marked × 12 Months Ending	FY23 31/12/2022	FY24 31/12/2023	FY25 31/12/2024	FY26 31/12/2025	Last 12M 30/09/2026
5-Step DuPont — ROE = Tax Burden × Interest Burden × EBIT Margin × Turnover × Leverage
Tax Burden (Net Income/Pretax) ×	0.77	0.77	0.77	0.76	0.77
Interest Burden (Pretax/EBIT) ×	0.93	0.94	0.91	1.05	1.03
EBIT Margin %	16.21	17.94	18.38	17.25	16.67
Asset Turnover ×	1.26	1.22	1.07	0.91	0.91
Financial Leverage (Assets/Equity) ×	2.23	2.14	1.38	1.30	1.30
ROE (5-step product, year-end total equity) %	32.49	33.68	19.03	16.24	15.53
ROE (owners' profit / average owners' equity) %	32.62	34.15	22.04	16.78	16.78

No consensus estimates → no Est columns. Click any row to chart it.

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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%.