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

9,973

Sector

Non-Alcoholic Beverages

Calendar

2025-02-12 - Q4 2024 Earnings Release (Projected)

More about the company

Quotes

Date	Price	Change	Volume
24-12-10	645.35 ₹	+0.58%	6,504,136
24-12-09	641.60 ₹	-0.38%	6,600,185
24-12-06	644.05 ₹	+1.67%	5,645,687
24-12-05	633.50 ₹	+2.36%	7,101,348
24-12-04	618.90 ₹	-0.35%	6,578,102

Delayed Quote NSE India S.E., December 10, 2024 at 02:00 am EST

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Income Statement and Estimates

income-statement-evolution-chart VARUN-BEVERAGES-LIMITED

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Ratings

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

641.60INR

Average target price

715.40INR

Spread / Average Target

+11.50%

Consensus

Profit revisions

estimates-change-chart VARUN-BEVERAGES-LIMITED

Estimate revisions

Quarterly revenue - Rate of surprise

quality-estimates-chart VARUN-BEVERAGES-LIMITED

Company calendar

Market Closed - NSE India S.E. Other stock markets 06:49:38 2024-12-10 am EST			5-day change	1st Jan Change
645.35 ^INR	+0.58%		+2.07%	+30.44%

Nov. 12	Bhartia Family, Goldman Sachs Reportedly in Talks for 40% Stake in Coca-Cola Beverages	CI
Nov. 12	Varun Beverages Limited Share Purchase Agreement to acquire SBC Ghana Limited from Ghana Bottling Company Limited in a transaction valued at approximately INR 1.3 billion.	CI

Capitalization	2,170B 25.57B 24.17B 22.42B 19.99B 36.11B 39.56B 279B 103B 890B 96.01B 93.92B 3,862B	P/E ratio 2024 *	81.2x	P/E ratio 2025 *	64.4x
Enterprise value	2,225B 26.22B 24.78B 22.99B 20.5B 37.03B 40.57B 286B 106B 913B 98.47B 96.32B 3,960B	EV / Sales 2024 *	11.1x	EV / Sales 2025 *	9.2x
Free-Float	39.8%	Yield 2024 *	0.23%	Yield 2025 *	0.27%

Bhartia Family, Goldman Sachs Reportedly in Talks for 40% Stake in Coca-Cola Beverages	Nov. 12	CI
Varun Beverages Limited Share Purchase Agreement to acquire SBC Ghana Limited from Ghana Bottling Company Limited in a transaction valued at approximately INR 1.3 billion.	Nov. 11	CI
Varun Beverages Limited agreed to acquire remaining 39.93% stake in Lunarmech Technologies Pvt. Ltd for INR 2 billion.	Nov. 11	CI
Varun Beverages Limited signed a Share Purchase Agreement to acquire SBC Tanzania Limited from Tanzania Bottling Company SA in a transaction valued at approximately $150 million.	Nov. 11	CI
Varun Beverages Limited announced that it will receive INR 75 billion in funding	Nov. 08	CI
Jefferies Adjusts Varun Beverages' Price Target to INR750 From INR720, Keeps at Buy	Oct. 23	MT
Varun Beverages Posts Gains in Fiscal Q2 Consolidated Net Profit; Shares Climb 3%	Oct. 22	MT
Varun Beverages Limited, Q3 2024 Earnings Call, Oct 22, 2024	Oct. 22
Pepsi India bottler Varun Beverages tops Q3 profit view on healthy international demand	Oct. 22	RE
Varun Beverages Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024	Oct. 22	CI
Varun Beverages to Raise INR 75.00 Billion Through QIP	Oct. 09	CI
Varun Beverages Limited announced a financing transaction	Oct. 08	CI
Varun Beverages DRC Announces USD 50 Million Pepsi Production Facility at Rendeavour's Kiswishi City Special Economic Zone	Sep. 30	CI

Jefferies Adjusts Varun Beverages' Price Target to INR750 From INR720, Keeps at Buy	Oct. 23	MT
Jefferies Adjusts Varun Beverages' Price Target to INR1,800 From INR1,690, Keeps at Buy	Jul. 31	MT
Jefferies Adjusts Varun Beverages’ Price Target to INR1,690 From INR1,480, Keeps at Buy	May. 14	MT
Jefferies Adjusts Varun Beverages’ Price Target to INR950 From INR825, Keeps at Buy	23-08-04	MT

Varun Beverages Limited Stock

Equities

VBL

INE200M01039

Non-Alcoholic Beverages

Valuation: Varun Beverages Limited

Chart: Varun Beverages Limited

Latest news: Varun Beverages Limited

Last Transcript: Varun Beverages Limited

Analysts' recommendations: Varun Beverages Limited

Press Releases: Varun Beverages Limited

Quotes and Performance

Course Extremes

Managers and Directors: Varun Beverages Limited

ETFs: Varun Beverages Limited

Other Non-Alcoholic Beverages

Financials

Company Profile

Quotes

Income Statement and Estimates

Ratings

Analysts' Consensus

Quarterly revenue - Rate of surprise

Rand Merchant Bank (RMB) advises on R3 billion sale of BevCo to Varun Beverages in a landmark Indo-Africa deal	Apr. 22	AQ
Rand Merchant Bank (RMB) advises on R3 billion sale of BevCo to Varun Beverages in a landmark Indo-Africa deal BevCo, is one of the largest carbonated soft drinks producers in Southern Africa	Apr. 22	AQ
Varun Expands Into Zim's Confectionery Market	Feb. 12	AQ
Varun Beverages : Registrar & Share Transfer Agent Update	23-01-04	PU

1 day	+0.87%
1 week	+4.20%
Current month	+4.19%
1 month	+9.55%
3 months	+6.45%
6 months	+4.65%
Current year	+30.81%

Director	Title	Age	Since
Rajesh Chawla DFI	Director of Finance/CFO	-	2021-08-01
Ravi Batra CMP	Compliance Officer	-	2017-05-11
Sudin Kumar Gaunker COO	Chief Operating Officer	51	2000-06-20

Manager	Title	Age	Since
Ravi Kant Jaipuria CHM	Chairman	70	1995-06-15
Varun Jaipuria BRD	Director/Board Member	37	2008-12-31
Raj Pal Gandhi BRD	Director/Board Member	67	2004-10-20

Name	Weight	AuM	1st Jan change	Investor Rating
WISDOMTREE INDIA EX-STATE-OWNED ENTERPRISES FUND ETF - USD	0.60%	6 M€	+6.07%	-
SIMPLIFY EMERGING MARKETS PLUS DOWNSIDE CONVEXITY ETF - USD	0.07%	4 M€	-4.41%	-

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Change	5d. change	1-year change	3-years change	Capi. ($)
VARUN BEVERAGES LIMITED	+0.83%	+4.20%	+46.52%	+444.63%	25.57B
THE COCA-COLA COMPANY	+0.11%	-1.65%	+6.81%	+14.11%	270B
KEURIG DR PEPPER INC.	+2.69%	+3.26%	+4.64%	-2.86%	45.58B
ARCA CONTINENTAL, S.A.B. DE C.V.	+1.02%	+6.44%	+0.99%	+40.10%	15.42B
COCA-COLA HELLENIC	-1.78%	-2.20%	+21.51%	+12.14%	12.79B
PRIMO BRANDS CORPORATION	+3.32%	+2.93%	+107.55%	+79.06%	11.79B
COCA-COLA CONSOLIDATED, INC.	-1.06%	-2.44%	+58.39%	+136.93%	11.19B
SWIRE PACIFIC LIMITED	+1.09%	+4.33%	+19.21%	+58.46%	11.2B
SUNTORY BEVERAGE & FOOD LIMITED	-1.65%	-3.97%	+7.14%	+18.97%	10.31B
CELSIUS HOLDINGS, INC.	+8.48%	+6.70%	-39.96%	+36.57%	7.18B
Average	+0.87%	+1.80%	+23.28%	+83.81%	42.07B
Weighted average by Cap.	+1.57%	-0.22%	+12.95%	+46.10%

	2024 *	2025 *
Net sales	200B 2.36B 2.23B 2.07B 1.85B 3.33B 3.65B 25.72B 9.5B 82.16B 8.86B 8.67B 356B	240B 2.83B 2.68B 2.48B 2.21B 4B 4.38B 30.88B 11.4B 98.62B 10.64B 10.4B 428B
Net income	25.74B 303M 287M 266M 237M 428M 469M 3.31B 1.22B 10.56B 1.14B 1.11B 45.81B	32.69B 385M 364M 338M 301M 544M 596M 4.2B 1.55B 13.41B 1.45B 1.42B 58.18B
Net Debt	55.48B 654M 618M 573M 511M 923M 1.01B 7.13B 2.63B 22.76B 2.46B 2.4B 98.74B	40.65B 479M 453M 420M 375M 677M 741M 5.22B 1.93B 16.68B 1.8B 1.76B 72.35B