Varun Beverages Ratios and Metrics

Market cap in millions INR. Fiscal year is January - December.

Millions INR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May '26 May 12, 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
Market Capitalization	1,695,545	1,656,667	2,159,068	1,606,902	859,062	384,663
Market Cap Growth	-8.30%	-23.27%	34.36%	87.05%	123.33%	45.46%
Enterprise Value	1,702,266	1,657,993	2,224,281	1,642,384	881,841	401,637
Last Close Price	501.30	488.77	635.28	491.44	262.16	117.10
PE Ratio	53.28	54.56	83.21	78.16	57.37	55.42
Forward PE	46.24	53.71	92.27	67.67	49.83	40.79
PS Ratio	7.47	7.64	10.79	10.02	6.52	4.36
PB Ratio	8.59	8.39	12.90	22.68	16.47	9.17
P/TBV Ratio	9.41	9.19	14.21	25.25	18.98	11.00
P/FCF Ratio	-	215.09	-	-	-	96.99
P/OCF Ratio	-	47.21	63.86	67.21	47.99	31.24
PEG Ratio	3.09	2.81	3.67	2.47	0.99	1.21
EV/Sales Ratio	7.50	7.65	11.12	10.24	6.69	4.55
EV/EBITDA Ratio	32.16	33.63	46.04	43.57	31.20	24.17
EV/EBIT Ratio	42.34	43.25	56.06	52.55	38.54	34.77
EV/FCF Ratio	-	215.27	-	-	-	101.26
Debt / Equity Ratio	0.13	0.13	0.17	0.77	0.75	0.81
Debt / EBITDA Ratio	0.47	0.50	0.58	1.43	1.36	2.01
Debt / FCF Ratio	-	3.26	-	-	-	8.54
Net Debt / Equity Ratio	0.03	0.03	0.02	0.70	0.69	0.77
Net Debt / EBITDA Ratio	0.10	0.10	0.08	1.32	1.27	1.95
Net Debt / FCF Ratio	-	0.66	-0.95	-5.70	-328.25	8.16
Asset Turnover	-	0.89	1.04	1.20	1.24	0.98
Inventory Turnover	-	3.38	3.60	3.57	3.64	3.40
Quick Ratio	-	1.08	0.91	0.37	0.24	0.20
Current Ratio	-	1.94	1.74	1.02	0.86	0.84
Return on Equity (ROE)	-	16.79%	22.11%	34.17%	32.94%	19.16%
Return on Assets (ROA)	-	9.84%	12.94%	14.57%	13.49%	8.00%
Return on Invested Capital (ROIC)	15.22%	15.67%	20.87%	22.98%	21.57%	12.09%
Return on Capital Employed (ROCE)	-	17.80%	21.30%	28.30%	29.90%	17.60%
Earnings Yield	1.88%	1.83%	1.20%	1.28%	1.74%	1.80%
FCF Yield	-	0.46%	-0.18%	-0.54%	-0.01%	1.03%
Dividend Yield	0.29%	0.31%	0.16%	0.20%	0.27%	0.29%
Payout Ratio	15.94%	16.71%	12.52%	11.06%	10.84%	15.60%
Buyback Yield / Dilution	-2.64%	-3.59%	-0.51%	-0.02%	-0.03%	-
Total Shareholder Return	-2.35%	-3.28%	-0.35%	0.18%	0.24%	0.29%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.