Varun Beverages Limited (BOM:540180)
India · Delayed Price · Currency is INR 442.45
-8.35 (-1.85%)
At close: Jul 31, 2026
Varun Beverages Cash Flow Statement
Financials in millions INR. Fiscal year is January - December.
Millions INR. Fiscal year is Jan - Dec.
Operating Activities
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 |
Net Income | 33,861 | 30,365 | 25,946 | 20,559 | 14,974 | 6,941 |
Depreciation & Amortization | 14,010 | 12,138 | 9,452 | 6,800 | 5,671 | 5,283 |
Other Amortization | 26.37 | 26.37 | 21.87 | 8.86 | 26.44 | 29.59 |
Loss (Gain) From Sale of Assets | -74.18 | -32.2 | 761.96 | 842.27 | 569.25 | 258.71 |
Asset Writedown & Restructuring Costs | - | - | - | 1.37 | 528.25 | - |
Loss (Gain) From Sale of Investments | -927.37 | -806.64 | -22.47 | -3.51 | -3.67 | -0.7 |
Stock-Based Compensation | 61.16 | 37.64 | 162.43 | 78.61 | 29.06 | - |
Provision & Write-off of Bad Debts | 38.44 | 74.97 | 113.58 | 72.71 | 99.22 | 58.92 |
Other Operating Activities | -802.53 | -999.61 | 4,069 | 2,283 | 1,858 | 2,432 |
Change in Accounts Receivable | -1,545 | -2,851 | -1,332 | -730.18 | -1,234 | 146.56 |
Change in Inventory | -6,506 | 147.84 | -4,788 | -1,602 | -5,568 | -5,193 |
Change in Other Net Operating Assets | -3,343 | -3,007 | -574.03 | -4,403 | 950.2 | 2,359 |
Operating Cash Flow | 34,799 | 35,093 | 33,811 | 23,908 | 17,900 | 12,314 |
Operating Cash Flow Growth | -2.51% | 3.79% | 41.42% | 33.56% | 45.36% | 21.68% |
Investing Activities
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 |
Capital Expenditures | -22,531 | -27,391 | -37,790 | -32,640 | -18,010 | -8,348 |
Sale of Property, Plant & Equipment | 434.17 | 267.15 | 386.37 | 701.31 | 510.93 | 193.51 |
Cash Acquisitions | -11,314 | - | -6,019 | -100 | - | - |
Investment in Securities | -284.25 | -401.38 | -376.51 | -212.06 | 3.57 | -1,010 |
Other Investing Activities | -2,463 | 175.88 | 631.28 | -647.43 | 449.44 | -941.97 |
Investing Cash Flow | -36,158 | -27,349 | -43,168 | -32,899 | -17,046 | -10,106 |
Financing Activities
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 |
Short-Term Debt Issued | - | - | 1,857 | 3,813 | - | - |
Long-Term Debt Issued | - | 3,839 | 17,711 | 24,017 | 14,777 | 8,548 |
Total Debt Issued | 14,402 | 3,839 | 19,568 | 27,829 | 14,777 | 8,548 |
Short-Term Debt Repaid | - | -1,743 | - | - | -7.97 | -853.66 |
Long-Term Debt Repaid | - | -8,185 | -56,643 | -13,060 | -11,608 | -6,597 |
Total Debt Repaid | -4,916 | -9,929 | -56,643 | -13,060 | -11,616 | -7,451 |
Net Debt Issued (Repaid) | 9,487 | -6,089 | -37,075 | 14,769 | 3,161 | 1,097 |
Issuance of Common Stock | 92.4 | 88.16 | 75,119 | 47.92 | - | - |
Common Dividends Paid | -5,072 | -5,073 | -3,248 | -2,273 | -1,624 | -1,083 |
Other Financing Activities | -1,774 | -1,591 | -5,261 | -2,694 | -1,717 | -1,791 |
Financing Cash Flow | 2,733 | -12,665 | 29,535 | 9,849 | -179.42 | -1,777 |
Net Cash Flow
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 |
Foreign Exchange Rate Adjustments | 145 | 99.84 | 62.17 | 20.69 | -639.07 | 30.91 |
Net Cash Flow | 1,519 | -4,821 | 20,241 | 878.8 | 35.82 | 461.92 |
Free Cash Flow
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 |
Free Cash Flow | 12,268 | 7,702 | -3,979 | -8,733 | -109.63 | 3,966 |
Free Cash Flow Growth | 597.17% | - | - | - | - | -12.31% |
Free Cash Flow Margin | 5.08% | 3.55% | -1.99% | -5.44% | -0.08% | 4.50% |
Free Cash Flow Per Share | 3.63 | 2.28 | -1.22 | -2.69 | -0.03 | 1.22 |
Levered Free Cash Flow | 1,292 | -1,018 | -14,642 | -13,167 | -1,377 | -1,168 |
Unlevered Free Cash Flow | 2,518 | 34.25 | -11,839 | -11,500 | -224.56 | -22.24 |
Additional Metrics
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 |
Cash Interest Paid | 1,774 | 1,587 | 4,650 | 2,694 | 1,717 | 1,791 |
Cash Income Tax Paid | 9,742 | 8,882 | 7,276 | 6,679 | 3,733 | 1,242 |
Change in Working Capital | -11,394 | -5,711 | -6,694 | -6,735 | -5,852 | -2,687 |