Valuation: Varun Beverages Limited

Capitalization 1,623B 18.04B 15.5B 14.52B 13.54B 25B 27.2B 170B 65.59B 767B 67.69B 66.25B 2,803B P/E ratio 2025 *
53.9x
P/E ratio 2026 * 45.8x
Enterprise value 1,616B 17.95B 15.43B 14.46B 13.47B 24.89B 27.07B 169B 65.29B 763B 67.38B 65.94B 2,790B EV / Sales 2025 *
7.48x
EV / Sales 2026 * 6.36x
Free-Float
39.79%
Yield 2025 *
0.31%
Yield 2026 * 0.39%
More valuation ratios * Estimated data
Dynamic Chart
Nov. 19 Varun Beverages Limited Incorporates Wholly-Owned Subsidiary Company in Kenya That Is VBL Industries Ltd CI
Oct. 30 Jefferies Adjusts Varun Beverages' Price Target to INR610 From INR600, Keeps at Buy MT
Oct. 29 Varun Beverages Limited, Q3 2025 Earnings Call, Oct 29, 2025
Oct. 29 Varun Beverages Gets Board Nod to Set Up New Wholly-Owned Subsidiary in Kenya; Shares Up 9% MT
Oct. 29 Varun Beverages Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2025 CI
Oct. 29 Varun Beverages Limited Announces Incorporation of A Joint Venture Company - White Peak Refrigeration Private Limited in India in Partnership with Everest International Holdings Limited CI
Oct. 29 Varun Beverages Limited Announces Incorporation of Wholly-Owned Subsidiary in Kenya CI
Oct. 29 Varun Beverages posts Sept-qtr consol net profit 7.41 billion rupees RE
Oct. 10 Varun Beverages Limited Announces Resignation of Rohit Vishal Gupta, Chief Human Resources Officer (Senior Management Personnel), Effective October 10, 2025 CI
Sep. 16 Varun Beverages Limited Announces Resignation of Rajesh Kumar, Technical Head - India Operations (Senior Management Personnel), Effective September 15, 2025 CI
Sep. 04 Varun Beverages forms JV company White Peak Refrigeration RE
Sep. 03 Jager Renewables Two Private Limited announced that it expects to receive funding from Varun Beverages Limited CI
Sep. 03 Varun Beverages to Acquire 26% Stake in Jager Renewables Two for Solar Power Supply MT
More news
1 day-2.11%
1 week-2.44%
Current month-2.44%
1 month-0.09%
3 months+0.03%
6 months-1.51%
Current year-26.42%
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1 week 465.95
Extreme 465.95
489.9
1 month 442.15
Extreme 442.15
489.9
Current year 419.55
Extreme 419.55
663.6
1 year 419.55
Extreme 419.55
663.6
3 years 220
Extreme 220
681.12
5 years 75.92
Extreme 75.9156
681.12
10 years 20.15
Extreme 20.1481
681.12
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Manager TitleAgeSince
Director of Finance/CFO - 2025-07-29
Compliance Officer - 2017-05-11
Chief Operating Officer 52 2000-06-20
Director TitleAgeSince
Chairman 71 1995-06-15
Director/Board Member 38 2008-12-31
Director/Board Member 68 2004-10-20
More insiders
Change 5d. change 1-year change 3-years change Capi.($)
-2.11%-2.44%-27.06%+79.46% 18.04B
+0.24%-2.72%+11.81%+9.69% 301B
+0.92%+2.50%-14.06%-24.63% 38.98B
-0.71%-4.04%+32.37%+85.40% 17.85B
-0.32%+0.20%+3.25%+15.09% 17.42B
-1.11%+2.45%+30.07%+224.52% 14.36B
-1.13%-1.80%-4.72%+9.71% 10.9B
+3.26%+2.38%+42.78%+10.72% 10.84B
+0.35%-2.63%-5.91%+7.87% 9.55B
-1.32%+1.15%-48.02%+4.27% 5.88B
Average -0.20%-0.53%+2.05%+42.21% 44.49B
Weighted average by Cap. +0.09%-2.71%+8.22%+19.61%
See all sector performances

Financials

2025 *2026 *
Net sales 216B 2.4B 2.06B 1.93B 1.8B 3.33B 3.62B 22.62B 8.73B 102B 9.01B 8.82B 373B 252B 2.8B 2.4B 2.25B 2.1B 3.87B 4.21B 26.33B 10.17B 119B 10.49B 10.27B 434B
Net income 30B 333M 287M 268M 250M 462M 503M 3.14B 1.21B 14.17B 1.25B 1.22B 51.81B 35.29B 392M 337M 316M 294M 544M 591M 3.69B 1.43B 16.67B 1.47B 1.44B 60.94B
Net Debt -7.45B -82.81M -71.18M -66.68M -62.15M -115M -125M -780M -301M -3.52B -311M -304M -12.87B -24.29B -270M -232M -217M -203M -374M -407M -2.54B -982M -11.47B -1.01B -991M -41.95B
More financial data * Estimated data
Logo Varun Beverages Limited
Varun Beverages Limited is an India-based company, which is a franchisee of PepsiCo. It produces and distributes a range of carbonated soft drinks (CSDs), as well as a large selection of non-carbonated beverages (NCBs), including packaged drinking water sold under trademarks owned by PepsiCo. PepsiCo CSD brands produced and sold by it include Pepsi, Pepsi Black, Mountain Dew, Sting, Seven-Up, Mirinda Orange, Seven-Up Nimbooz Masala Soda and Evervess. PepsiCo NCB brands produced and sold by it include Tropicana Slice, Tropicana Juices (100% and Delight), Seven-Up Nimbooz, Gatorade as well as packaged drinking water under the brand Aquafina. It has approximately 34 manufacturing plants in India and over six manufacturing plants in international geographies (two in Nepal and one each in Sri Lanka, Morocco, Zambia and Zimbabwe). Its subsidiaries include Varun Beverages (Nepal) Private Limited, Varun Beverages Lanka (Private) Limited, The Beverage Company Proprietary Limited, and others.
Employees
11,041
More about the company
Date Price Change Volume
25-12-08 469.80 -2.11% 2,182,021
25-12-05 479.95 +0.01% 2,387,160
25-12-04 479.90 +0.50% 3,925,680
25-12-03 477.50 -0.81% 2,668,903
25-12-02 481.40 -0.57% 3,473,726

Delayed Quote NSE India S.E., December 08, 2025 at 06:49 am EST

More quotes
Trader
Investor
Global
Quality
ESG MSCI
BBB
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
25
Last Close Price
469.80INR
Average target price
597.52INR
Spread / Average Target
+27.19%
Consensus

Quarterly revenue - Rate of surprise