Varun Beverages Limited (NSE: VBL)
Market Cap | 2.07T |
Revenue (ttm) | 189.87B |
Net Income (ttm) | 25.41B |
Shares Out | 3.38B |
EPS (ttm) | 7.82 |
PE Ratio | 78.34 |
Forward PE | 88.52 |
Dividend | 1.00 (0.16%) |
Ex-Dividend Date | Aug 9, 2024 |
Volume | 4,016,419 |
Open | 628.00 |
Previous Close | 628.00 |
Day's Range | 609.15 - 633.00 |
52-Week Range | 478.56 - 681.12 |
Beta | 0.60 |
Analysts | n/a |
Price Target | n/a |
Earnings Date | Feb 6, 2025 |
About Varun Beverages
Varun Beverages Limited, together with its subsidiaries, operates as the franchisee of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs) sold under trademarks owned by PepsiCo. It is involved in the manufacture, bottling, distribution, and sale of a range of CSDs under the Pepsi, Pepsi Black, Mountain Dew, Mirinda, and 7UP brands; energy drinks under the Sting and Sting Blue brands; club sodas under the Evervess and Dukes brands; and carbonated juice-based drinks under the 7UP Nimbooz Masala Soda brand. The company also produces... [Read more]
Financial Performance
In 2023, Varun Beverages's revenue was 160.43 billion, an increase of 21.78% compared to the previous year's 131.73 billion. Earnings were 20.56 billion, an increase of 37.30%.
Financial StatementsNews
Varun Beverages acquires 39.93% stake in Lunarmech, making it a wholly-owned subsidiary
Varun Beverages Limited (VBL), the leading bottler for PepsiCo, has acquired a 39.93% stake in Lunarmech, making the company a wholly-owned subsidiary effective from December 16, 2024. This strategic ...
Varun Beverages acquires 39.93% stake in Lunarmech Technologies, now wholly-owned dubsidiary
This move is expected to provide VBL with greater control over its technology integration and increase operational synergies, positioning the company for sustained success in its core beverage busines...
Stocks Of ITC, Godfrey Phillips Decline Amid GST Hike Report
Shares of ITC, Varun Beverages and Godfrey Phillips India ended lower on Tuesday after the Group of Ministers on GST rate rationalisation decided to hike tax on sin goods like aerated beverages, cigar...
Varun Beverages’ market cap rises by Rs 6,200 crore as shares gain 3% today
Shares of Varun Beverages Limited rose by 2.96% today to Rs 639.60, with a day’s high of Rs 644.00. The increase in share price led to a market capitalization gain of approximately Rs 6,200 crore, pus...
Varun Beverages’ market cap declines by Rs 3,495 crore
Shares of Varun Beverages dropped by 1.65% today, closing at Rs 616.40 compared to the previous close of Rs 626.75. This decline led to an approximate market capitalization loss of Rs 3,495 crore, bri...
Varun Beverages’ market cap declines by Rs 3,614 crore
Shares of Varun Beverages Limited saw a decline of 1.76% today, settling at Rs 619.25. This price drop led to a market capitalization decrease of approximately Rs 3,614 crore, bringing its current mar...
Varun Beverages closes QIP, raises ₹7,500 crore through equity issuance at ₹565 per share
Varun Beverages Limited (VBL) announced the successful closure of its Qualified Institutions Placement (QIP) of equity shares on November 19, 2024. The company raised approximately ₹7,500 crore by all...
Varun Beverages’ market cap jumps by Rs 5,486 crore: Know More
Shares of Varun Beverages Limited climbed 2.77% today, trading at Rs 626.75, up from the previous close of Rs 609.85. This price surge led to a market capitalization increase of approximately Rs 5,486...
Varun Beverages’ market cap surges by Rs 6,252 crore – Know More
Shares of Varun Beverages saw a notable rise today, with the stock climbing 3.29% to reach ₹594.60, compared to the previous close of ₹575.65. This upward movement led to an impressive surge in the co...
Midday Stock Market Update: Hero, Vedanta, Varun Beverages among top gainers
As of mid-morning trading on November 18, 2024, the stock market has witnessed mixed movements across sectors. While metal and realty stocks led the gains, IT and media sectors dragged the indices low...
Varun Beverages: Stock down 15% from 52-week high, up 45% from 52-week low
Varun Beverages, a major player in the beverage sector, has seen notable price fluctuations over the past year. On November 14, 2024, the stock closed at ₹578.90, showing a decline of 15.0% from its 5...
Varun Beverages nearly 2% up as strategic acquisitions bolster growth prospects
Varun Beverages’ shares saw an increase of nearly 2% following the announcement of a Qualified Institutional Placement (QIP) at a 1% discount to the current market price, along with strategic expansio...
Stock to Watch: Varun Beverages launches QIP, plans major acquisitions in Africa and India
Varun Beverages has initiated a Qualified Institutional Placement (QIP) at an indicative price with a 1% discount to the current market price (CMP) as it unveils strategic expansion plans. On November...
Varun Beverages opens QIP with floor price set at ₹594.56 per share
Varun Beverages Limited (VBL) has announced the launch of its Qualified Institutions Placement (QIP) of equity shares with a face value of ₹2 each. Approved by the Board on October 9, 2024, and subseq...
Varun Beverages acquires 100% stake in SBC Tanzania and SBC Beverages Ghana for Rs 1,431.1 crore
Varun Beverages Limited (VBL) has announced significant acquisitions to expand its footprint in Africa and strengthen its operations in India. Key Acquisitions details: Acquisition of SBC Tanzania Lim...
Coca-Cola, Pepsi May Launch Budget Drinks In India To Fend Off Competition From India's Richest Man's Soft Drink Company: Report
This story was first published on the Benzinga India portal. PepsiCo (NASDAQ: PEP) and Coca-Cola (NYSE: KO) are reportedly considering launching more affordable soft drinks, priced 15%-20% lower tha...
Varun Beverages market cap drops by ₹6,874 crore as shares fall over 3%
Shares of Varun Beverages Limited dropped by 3.46%, losing ₹21.75 to trade at ₹607.00 on the NSE as of 10:16 AM on October 24, 2024. The stock decline followed the company’s weak performance and conce...
Varun Beverages shares rise 3.45% after strong Q3CY25 performance and growth outlook
Shares of Varun Beverages Ltd (VBL) jumped 3.45% to ₹615.05 at 9:30 AM on Tuesday, following strong Q3FY25 results and positive growth outlook as highlighted in recent brokerage reports. The company r...
Citi maintains buy on Varun Beverages with target price of ₹800
Citi has reaffirmed its buy rating on Varun Beverages, setting a target price of ₹800. The brokerage highlighted the company’s focus on new growth levers through category and territory expansion. Desp...
Is this the right time to buy Varun Beverages? Here’s what brokerages are saying
Varun Beverages has drawn positive attention from brokerages, including HSBC and now Citi, after its recent performance. HSBC maintained a buy rating with a target price of ₹770, implying a 29.7% upsi...
HSBC maintains buy on Varun Beverages, targets Rs 770 with 29.7% upside potential
HSBC has reaffirmed its buy call on Varun Beverages, with a target price of ₹770, indicating a 29.7% upside from the current market price of ₹593.65, following the company’s strong Q3 performance. Dri...
Varun Beverages shares recovers from day’s low post Q3 CY24 results
Varun Beverages shares gained 0.69% from the day’s low after the company reported a solid performance for Q3 CY24, with consolidated revenue growing 24.1% YoY. Despite the challenges posed by heavy ra...
Varun Beverages Q3 CY24 results: Revenue up 24.1% YoY, EBITDA grows 30.5%, PAT increases 22.3%
Varun Beverages Limited has reported a strong performance for Q3 CY24, with consolidated revenue growing 24.1% YoY. The growth was driven by the company’s expanded distribution network, increased prod...
Varun Beverages Q2 FY25 results: Revenue up 25% YoY to ₹4,932 crore, net profit rises 22.3% YoY to ₹629 crore
Varun Beverages Limited has posted a robust performance for the quarter ending September 30, 2024, with a 25% year-on-year (YoY) increase in revenue from operations to ₹4,932 crore, up from ₹3,938 cro...
Check How Stocks Are Reacting Ahead of Q2 Results: Zomato, Bajaj Finance, Paytm, and More
The second quarter earnings season for FY25 is in full swing, and as many as 70 companies are set to release their financial results today. Among the key companies to watch out for are Bajaj Finance, ...