Varun Beverages Limited (NSE:VBL)
India · Delayed Price · Currency is INR 440.00
-11.35 (-2.51%)
Jul 31, 2026, 3:30 PM IST
Varun Beverages Balance Sheet
Financials in millions INR. Fiscal year is January - December.
Millions INR. Fiscal year is Jan - Dec.
Assets
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 & Equivalents | 25,684 | 17,842 | 22,663 | 2,422 | 1,543 | 1,508 |
Short-Term Investments | - | 2,142 | 1,836 | 2,150 | 1,309 | - |
Cash & Short-Term Investments | 25,684 | 19,983 | 24,499 | 4,572 | 2,852 | 1,508 |
Cash Growth | 19.52% | -18.43% | 435.81% | 60.33% | 89.18% | 44.18% |
Accounts Receivable | 16,477 | 12,490 | 8,458 | 3,594 | 2,993 | 2,212 |
Other Receivables | - | 11,391 | 8,086 | 7,109 | 3,776 | 2,277 |
Receivables | 16,477 | 23,882 | 16,545 | 10,703 | 6,770 | 4,489 |
Inventory | 39,897 | 29,518 | 27,912 | 21,505 | 19,939 | 14,481 |
Prepaid Expenses | - | - | - | - | - | 235.82 |
Other Current Assets | 23,282 | 5,578 | 9,684 | 5,576 | 4,480 | 4,748 |
Total Current Assets | 105,341 | 78,960 | 78,640 | 42,356 | 34,040 | 25,461 |
Property, Plant & Equipment | 165,149 | 154,727 | 131,480 | 97,601 | 69,637 | 62,246 |
Long-Term Investments | 2,437 | 1,753 | 604.63 | 221.32 | 9.32 | 0.01 |
Goodwill | 8,231 | 3,542 | 3,009 | 242.3 | 242.3 | 242.3 |
Other Intangible Assets | 15,464 | 12,028 | 11,195 | 5,471 | 5,509 | 5,586 |
Long-Term Deferred Tax Assets | 241.6 | 244.4 | 196.31 | - | - | 24.07 |
Other Long-Term Assets | 4,869 | 4,135 | 6,095 | 5,980 | 6,744 | 2,260 |
Total Assets | 302,105 | 255,652 | 231,439 | 151,872 | 116,182 | 95,819 |
Liabilities
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 |
Accounts Payable | 20,191 | 14,013 | 15,604 | 7,582 | 8,243 | 7,118 |
Accrued Expenses | 548.77 | 4,560 | 4,130 | 4,082 | 4,004 | 3,401 |
Short-Term Debt | - | 12,723 | 12,866 | 10,032 | 6,277 | 6,285 |
Current Portion of Long-Term Debt | 12,441 | 2,114 | 2,370 | 10,022 | 13,401 | 9,001 |
Current Portion of Leases | 1,123 | 842.68 | 1,049 | 390.38 | 235.77 | 136.02 |
Current Income Taxes Payable | 3,382 | 122.79 | 656.23 | 390.02 | 755.68 | 139.41 |
Current Unearned Revenue | - | 120.01 | 117.37 | 39.91 | 2.27 | 14.06 |
Other Current Liabilities | 14,115 | 6,244 | 8,452 | 8,993 | 6,770 | 4,109 |
Total Current Liabilities | 51,800 | 40,739 | 45,244 | 41,532 | 39,688 | 30,202 |
Long-Term Debt | 16,973 | 5,404 | 8,407 | 31,889 | 17,270 | 18,133 |
Long-Term Leases | 4,299 | 3,998 | 3,571 | 1,979 | 1,654 | 312.63 |
Long-Term Unearned Revenue | 3.19 | 3.58 | 47.31 | 68.4 | 5.94 | 6.73 |
Pension & Post-Retirement Benefits | - | 1,142 | 1,166 | 1,471 | 1,432 | 1,526 |
Long-Term Deferred Tax Liabilities | 7,820 | 6,192 | 4,879 | 3,430 | 3,368 | 3,111 |
Other Long-Term Liabilities | 1,687 | 763.07 | 728.04 | 655.61 | 609.2 | 559.92 |
Total Liabilities | 82,582 | 58,242 | 64,043 | 81,025 | 64,028 | 53,852 |
Shareholders' Equity
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 |
Common Stock | 6,765 | 6,764 | 6,763 | 6,496 | 6,496 | 4,330 |
Additional Paid-In Capital | - | 97,064 | 96,939 | 22,637 | 22,570 | 24,735 |
Retained Earnings | - | 94,517 | 69,026 | 46,108 | 27,843 | 14,412 |
Comprehensive Income & Other | 210,942 | -2,558 | -6,630 | -5,875 | -5,884 | -2,678 |
Total Common Equity | 217,707 | 195,787 | 166,098 | 69,365 | 51,024 | 40,799 |
Minority Interest | 1,817 | 1,623 | 1,298 | 1,482 | 1,131 | 1,168 |
Shareholders' Equity | 219,523 | 197,410 | 167,396 | 70,847 | 52,155 | 41,967 |
Total Liabilities & Equity | 302,105 | 255,652 | 231,439 | 151,872 | 116,182 | 95,819 |
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 |
Total Debt | 34,835 | 25,082 | 28,263 | 54,313 | 38,838 | 33,868 |
Net Cash (Debt) | -9,151 | -5,099 | -3,763 | -49,741 | -35,986 | -32,360 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share | -2.70 | -1.51 | -1.15 | -15.31 | -11.08 | -9.96 |
Filing Date Shares Outstanding | 3,382 | 3,382 | 3,382 | 3,248 | 3,248 | 3,248 |
Total Common Shares Outstanding | 3,382 | 3,382 | 3,382 | 3,248 | 3,248 | 3,248 |
Working Capital | 53,541 | 38,221 | 33,395 | 824.18 | -5,647 | -4,741 |
Book Value Per Share | 64.37 | 57.89 | 49.12 | 21.36 | 15.71 | 12.56 |
Tangible Book Value | 194,011 | 180,217 | 151,894 | 63,652 | 45,272 | 34,971 |
Tangible Book Value Per Share | 57.36 | 53.29 | 44.92 | 19.60 | 13.94 | 10.77 |
Land | - | 9,435 | 8,490 | 8,432 | 7,798 | 7,203 |
Buildings | - | 40,227 | 30,061 | 19,210 | 15,541 | 14,415 |
Machinery | - | 140,278 | 108,648 | 72,459 | 58,759 | 54,762 |
Construction In Progress | - | 2,663 | 11,623 | 19,222 | 6,066 | 4,966 |