Varun Beverages Limited (BOM:540180)
India · Delayed Price · Currency is INR 442.45
-8.35 (-1.85%)
At close: Jul 31, 2026
Varun Beverages Financials Overview
Financials in millions INR. Fiscal year is January - December.
Millions INR. Fiscal year is Jan - Dec.
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Revenue Revenue Growth | 241,265 | 216,854 | 200,077 | 160,426 | 131,731 | 88,232 |
Revenue Growth | 14.46% | 8.38% | 24.72% | 21.78% | 49.30% | 36.79% |
Gross Profit Gross Profit Growth | 133,792 | 119,700 | 111,029 | 86,377 | 69,120 | 47,886 |
Operating Income Operating Income Growth | 42,982 | 38,334 | 39,679 | 31,256 | 22,881 | 11,551 |
Net Income Net Income Growth | 33,861 | 30,365 | 25,946 | 20,559 | 14,974 | 6,941 |
Earnings Per Share EPS Growth | 10.01 | 8.98 | 7.94 | 6.33 | 4.61 | 2.14 |
EPS Growth | 17.22% | 13.08% | 25.43% | 37.37% | 115.63% | 110.96% |
| Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
India India Growth | 144,492 | 141,756 | 125,763 | 105,100 | 65,449 |
Outside India Outside India Growth | 77,763 | 63,057 | 37,447 | 28,805 | 24,134 |
Total Total Growth | 222,256 | 204,813 | 163,211 | 133,906 | 89,583 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Investments Cash & Investments Growth | 25,684 | 19,983 | 24,499 | 4,572 | 2,852 | 1,508 |
Total Debt Total Debt Growth | 34,835 | 25,082 | 28,263 | 54,313 | 38,838 | 33,868 |
Net Cash (Debt) Net Cash Growth | -9,151 | -5,099 | -3,763 | -49,741 | -35,986 | -32,360 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | -2.70 | -1.51 | -1.15 | -15.31 | -11.08 | -9.96 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Cash Flow Operating Cash Flow Growth | 34,799 | 35,093 | 33,811 | 23,908 | 17,900 | 12,314 |
Capital Expenditures CapEx Growth | -22,531 | -27,391 | -37,790 | -32,640 | -18,010 | -8,348 |
Free Cash Flow Free Cash Flow Growth | 12,268 | 7,702 | -3,979 | -8,733 | -109.63 | 3,966 |
Free Cash Flow Growth | 597.17% | - | - | - | - | -12.31% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Gross Margin | 55.45% | 55.20% | 55.49% | 53.84% | 52.47% | 54.27% |
Operating Margin | 17.82% | 17.68% | 19.83% | 19.48% | 17.37% | 13.09% |
Pretax Margin | 18.40% | 18.49% | 17.16% | 17.08% | 15.36% | 11.41% |
Profit Margin | 14.04% | 14.00% | 12.97% | 12.81% | 11.37% | 7.87% |
FCF Margin | 5.08% | 3.55% | -1.99% | -5.44% | -0.08% | 4.50% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 2, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Dividend Per Share Dividend Per Share Growth | 2.000 | 1.500 | 1.000 | 1.000 | 0.700 | 0.333 |
Dividend Per Share Growth | 0% | 50.00% | 0% | 42.86% | 110.02% | 50.00% |
Dividend Yield | 0.45% | 0.31% | 0.16% | 0.20% | 0.27% | 0.29% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 2, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
PE Ratio | 44.18 | 54.56 | 83.21 | 78.16 | 57.37 | 55.42 |
P/FCF Ratio | 121.95 | 215.09 | - | - | - | 96.99 |
PS Ratio | 6.20 | 7.64 | 10.79 | 10.02 | 6.52 | 4.36 |