Varun Beverages Limited (BOM:540180)

India flag India · Delayed Price · Currency is INR
478.15
-3.15 (-0.65%)
At close: Jul 10, 2026
Market Cap1.62T +6.6%
Revenue (ttm)226.93B +6.8%
Net Income31.82B +14.3%
EPS9.41 +11.5%
Shares Out n/a
PE Ratio50.82
Forward PE37.15
Dividend1.50 (0.31%)
Ex-Dividend DateApr 30, 2026
Volume315,907
Open485.00
Previous Close481.30
Day's Range476.00 - 487.80
52-Week Range381.00 - 555.60
Betan/a
AnalystsBuy
Price Target587.23 (+22.81%)
Earnings DateJul 31, 2026

About Varun Beverages

Varun Beverages Limited, together with its subsidiaries, manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana. The company offers carbonated soft drinks under the Pepsi, Pepsi Zero, Mountain Dew, Mirinda, and Seven-Up brands, as well as the Refreshhh, Coo-ee, and Jive brands; fruit pulp and juice-based drinks under the Slice, Tropicana, Tropicana Delight, and Seve... [Read more]

Industry Bottled and Canned Soft Drinks and Carbonated Waters
Founded 1995
Employees 10,654
Stock Exchange Bombay Stock Exchange
Ticker Symbol 540180
Full Company Profile

Financial Performance

In 2025, Varun Beverages's revenue was 216.85 billion, an increase of 8.39% compared to the previous year's 200.08 billion. Earnings were 30.36 billion, an increase of 17.03%.

Financial Statements

Analyst Summary

According to 26 analysts, the average rating for 540180 stock is "Buy." The 12-month stock price target is ₹587.23, which is an increase of 22.81% from the latest price.

Price Target
₹587.23
(22.81% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Varun Beverages announces resignation of Chief Supply Chain Officer Sanjay Mukherjee

Varun Beverages has announced the resignation of Sanjay Mukherjee from his position as Chief Supply Chain Officer, effective 7th July 2026. Mukherjee cited personal reasons for his departure, expressi...

6 days ago - Business Upturn

Varun Beverages acquires DFIL Kenya's business for Rs 3,050 million

Varun Beverages Limited (VBL), through its wholly-owned subsidiary VBL Industries (Kenya) Limited, has entered into a Business Transfer Agreement to acquire the business of Devyani Food Industries (Ke...

7 days ago - Business Upturn

Varun Beverages announces merger of South African subsidiaries Twizza and Bevco

Varun Beverages Limited has announced the merger of its South African subsidiaries, Twizza Proprietary Limited and The Beverage Company Proprietary Limited (Bevco). The decision was approved by the bo...

11 days ago - Business Upturn

Nykaa, Bajaj Finance & more: Top stocks to watch on June 22

Top financial analysts are optimistic about the prospects of various Indian firms. Bajaj Finance showcases remarkable resilience against economic challenges with its solid asset quality and positive m...

21 days ago - The Times of India

Asahi Group Announces Debut in India's Non-alcohol/Non-carbonated Beverage Market

Business Wire India Asahi Group Holdings, Ltd. announced today that it has entered into a business alliance agreement for franchisingthe CALPIS brand with Varun Beverages Limited (“Varun Beverages”), ...

25 days ago - Business Upturn

Varun Beverages partners with Asahi Group to bring CALPIS beverage to India

Varun Beverages Ltd (VBL), one of the largest PepsiCo franchise bottlers globally, has entered into a strategic business alliance with Japan-based Asahi Group Holdings to introduce the iconic CALPIS b...

25 days ago - Business Upturn

Top stocks to buy today: Stock recommendations for May 29, 2026 - check list

Stock market recommendations: Varun Beverages (VBL), and Eternal are the top stock picks by Bajaj Broking Research has chosen for May 29, 2026:

6 weeks ago - The Times of India

Stocks to buy: What's the outlook for Nifty for May 25-May 29 week? Check list of top stock recommendations

​​Stock market recommendations: Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities recommends buying Varun Beverages Ltd, and Elecon Engineering Company Ltd as the top stock picks ...

7 weeks ago - The Times of India

Here’s why Varun Beverages share price is in focus today, May 22

Shares of Varun Beverages Limited are likely to remain in focus on May 22 after the company announced a major extension of its exclusive bottling appointment and trademark license agreement…

7 weeks ago - Business Upturn

Varun Beverages extends bottling agreement with PepsiCo until 2049

Varun Beverages Limited (VBL) has announced a significant extension to its exclusive bottling appointment and trademark license agreement with PepsiCo Inc. The revised agreement, effective from 21 May...

7 weeks ago - Business Upturn

Top stocks to buy today: Stock recommendations for May 21, 2026 - check list

Top stock market recommendations: Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group has recommended Varun Beverages, Max Healthcare Institute, and Page Industri...

7 weeks ago - The Times of India

Varun Beverages Block Deal: Shares worth Rs 52 crore change hands

Shares of Varun Beverages came into focus after a block deal worth nearly Rs 52.28 crore was executed on the NSE on Wednesday. According to exchange data, around 10,14,372 shares…

7 weeks ago - Business Upturn

Varun Beverages Earnings Call Transcript: Q1 2026

Q1 CY 2026 saw robust 16.3% volume growth and 18.1% revenue increase, driven by strong demand, new launches, and expanded distribution. Margin improvements and disciplined capital allocation supported profitability, while recent acquisitions and capacity additions position the business for sustained growth.

2 months ago - Transcripts

Varun Beverages Quarterly report: Q1 2026

Varun Beverages has published its Q1 2026 quarterly earnings report on April 27, 2026.

2 months ago - Filings

Varun Beverages Slides: Q1 2026

Varun Beverages has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on April 27, 2026.

2 months ago - Filings

Varun Beverages reports 18.1% revenue growth to Rs 65,741.9 million in Q1 2026

Varun Beverages Limited (NSE: VBL), a prominent player in the beverage industry, has announced its financial results for the first quarter ending March 31, 2026. The company reported a robust…

2 months ago - Business Upturn

Varun Beverages Results: Profit grows 20.2% YoY, India volume growth at 14.4% above street estimates

Varun Beverages Limited reported a strong performance for the quarter ended March 31, 2026, with sharp growth in both revenue and profitability. The company posted a net profit of ₹872.4…

2 months ago - Business Upturn

Varun Beverages reports Rs 65,742 million revenue in Q1 CY2026

Varun Beverages Limited has announced strong financial results for the first quarter of CY2026, with revenue reaching ₹65,742 million, marking an 18.1% year-on-year increase. The company's consolidate...

2 months ago - Business Upturn

Varun Beverages Q4: Shares surge 2% ahead of results

Shares of Varun Beverages rose over 1.6% in early trade on Monday, April 27, ahead of its Q4FY26 earnings announcement. The stock was trading around Rs 498.75, gaining Rs 8.30…

2 months ago - Business Upturn

Top Q4 Results Today, April 27: Coal India, UltraTech Cement, Varun Beverages, Adani Total Gas and more to announce earnings

As the Q4 earnings season moves into its third week, a total of 47 companies are set to announce their financial results for the quarter ended March 31, 2026, on…

2 months ago - Business Upturn

Top stocks to buy today: Stock recommendations for April 17, 2026 - check list

Stock market recommendations: Reliance Industries, and Varun Beverages are the top stock recommendations by Bajaj Broking Research for April 17, 2026.

3 months ago - The Times of India

Varun Beverages acquires 29.99% stake in FPEL HR2 Energy for Rs 1.58 crore

Varun Beverages has announced the acquisition of a 29.99% equity stake in FPEL HR2 Energy Private Limited for ₹1.58 crore. This investment is aimed at securing solar power for the…

3 months ago - Business Upturn

Varun Beverages receives ESG score of 74.2 for FY 2025

Varun Beverages has been assigned an ESG score of 74.2 for the fiscal year 2025 by SES ESG Research Private Limited. This marks an improvement from the previous year's score…

3 months ago - Business Upturn

Varun Beverages completes acquisition of Twizza for Rs 11,398 million

Varun Beverages has successfully completed the acquisition of Twizza Proprietary Limited, a South African company, through its subsidiary, The Beverage Company Proprietary Limited. The acquisition, va...

4 months ago - Business Upturn

Top stocks for trade today, March 18: Tata Steel, Tech Mahindra, Wipro, Varun Beverages, Ceigall India and more

India’s stock market is expected to react to a mix of corporate developments, acquisitions, block deals, and global commodity trends on March 18, 2026. Several companies have announced strategic moves...

4 months ago - Business Upturn