Varun Beverages Limited (NSE:VBL)
| Market Cap | 1.47T -7.5% |
| Revenue (ttm) | 258.11B +21.9% |
| Net Income | 34.70B +16.9% |
| EPS | 10.26 +16.3% |
| Shares Out | 3.38B |
| PE Ratio | 42.40 |
| Forward PE | 42.46 |
| Dividend | 2.00 (0.46%) |
| Ex-Dividend Date | Nov 5, 2026 |
| Volume | 4,595,635 |
| Open | 438.00 |
| Previous Close | 435.00 |
| Day's Range | 431.40 - 438.95 |
| 52-Week Range | 381.00 - 555.80 |
| Beta | 0.35 |
| Analysts | Strong Buy |
| Price Target | 520.00 (+19.54%) |
| Earnings Date | Oct 30, 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]
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 StatementsAnalyst Summary
According to 27 analysts, the average rating for VBL stock is "Strong Buy." The 12-month stock price target is ₹520.00, which is an increase of 19.54% from the latest price.
News
Varun Beverages Earnings Call Transcript: Q3 2026
Q3 revenue rose 33.2% and volume 28.7%; PAT grew 13.5%, but gross margin fell 334 bps on packaging costs. International volumes grew 39.9%, while management expects sustained growth and plans to offset inflation through efficiencies and potential price-pack actions.
Varun Beverages Quarterly report: Q3 2026
Varun Beverages has published its Q3 2026 quarterly earnings report on October 30, 2026.
Varun Beverages Slides: Q3 2026
Varun Beverages has posted slides in relation to its Q3 2026 quarterly earnings report, which was published on October 30, 2026.
India's Varun Beverages quarterly profit rises on volume growth; packaging costs weigh on margins
Varun Beverages reported a 13.8% rise in third-quarter profit on Friday, as higher sales volumes in India and international markets helped offset increased packaging costs.
Varun Beverages Earnings Call Transcript: Q2 2026
Q2 2026 saw 19.8% volume and 20.4% revenue growth, with EBITDA up 17.2% and PAT up 15.1% year-over-year. India and international markets both delivered strong results, aided by new partnerships, product launches, and strategic acquisitions.
Varun Beverages Quarterly report: Q2 2026
Varun Beverages has published its Q2 2026 quarterly earnings report on July 28, 2026.
Varun Beverages Slides: Q2 2026
Varun Beverages has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on July 28, 2026.
India's Varun Beverages posts higher quarterly profit on healthy volumes
Varun Beverages , PepsiCo's biggest bottling partner in India, posted a 15.5% rise in second-quarter profit on Tuesday, driven by strong volume growth in India and international markets.
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...
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...
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...
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...
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”), ...
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...
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:
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 ...
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…
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...
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...
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…
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.
Varun Beverages Quarterly report: Q1 2026
Varun Beverages has published its Q1 2026 quarterly earnings report on April 27, 2026.
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.
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…
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…