Debut Plus

₹466.55

▲ +2.37 +0.51%

17 Jul 2026

NSE Listed

Varun Beverages Limited (VBL)

Volume: 50,70,265Avg Vol 1W: 79,32,088.8Avg Vol 1M: 55,36,000.152W Range:₹381₹555.8
NSE BSE www.varunbeverages.com
Key Ratios
Checked 23h ago
Market Cap₹1,57,014 Cr
Current Price₹466.55
Previous Close₹464.18
High / Low (52w)₹555.8 / ₹381
Volume50,70,265
Avg Vol (1W)79,32,088.8
Avg Vol (1M)55,36,000.1
Stock P/E179.92
Book Value₹57.88
Dividend Yield32%
ROE15.51%
ROA12.55%
Revenue (TTM)₹22,038 Cr
Revenue Growth8.4%
Profit Margin13.68%
Total Debt₹540 Cr
Shares Outstanding338 Cr
Face Value₹2
EPS (TTM)₹9.41
P/B8.02
Debt / Equity0.15
50 DMA₹512.24
200 DMA₹474.14
Day change+0.51%
Price Chart
₹466.55▼ 4.81% · 1Y
₹544₹3824.5Cr
2025-07-17
2026-07-15

20-day avg volume: 55.4L shares

Pros
  • Healthy return on equity of 15.5%.
  • Pays a dividend yield of 32.0%.
  • Company is almost debt-free.
Cons
  • Revenue fell 29% YoY.
  • Stock trades at a high P/E of 180.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹7,197 Cr₹4,805 Cr₹3,689 Cr₹5,567 Cr₹7,017 Cr₹4,897 Cr₹4,204 Cr₹6,574 Cr
EBITDA₹1,793 Cr₹919 Cr₹364 Cr₹1,020 Cr₹1,770 Cr₹988 Cr₹408 Cr₹1,216 Cr
Net Profit₹1,253 Cr₹620 Cr₹185 Cr₹726 Cr₹1,317 Cr₹741 Cr₹252 Cr₹872 Cr
EPS————————
Profit & Loss (Annual)
MetricDec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue₹5,127 Cr₹7,172 Cr₹6,487 Cr₹8,891 Cr₹13,212 Cr₹16,122 Cr₹20,129 Cr₹22,038 Cr
EBITDA₹643 Cr₹1,002 Cr₹710 Cr₹1,191 Cr₹2,210 Cr₹3,008 Cr₹3,885 Cr₹4,185 Cr
Net Profit₹293 Cr₹469 Cr₹329 Cr₹694 Cr₹1,497 Cr₹2,056 Cr₹2,595 Cr₹3,036 Cr
EPS10.6916.8311.410.6911.5215.827.948.98
Balance Sheet
MetricDec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets₹6,031 Cr₹8,388 Cr₹8,458 Cr₹9,582 Cr₹11,618 Cr₹15,187 Cr₹23,144 Cr₹25,565 Cr
Total Liabilities₹4,025 Cr₹5,029 Cr₹4,870 Cr₹5,385 Cr₹6,403 Cr₹8,103 Cr₹6,404 Cr₹5,824 Cr
Equity₹2,006 Cr₹3,359 Cr₹3,589 Cr₹4,197 Cr₹5,215 Cr₹7,085 Cr₹16,740 Cr₹19,741 Cr
Total Debt————————
Cash Flow
MetricDec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating₹1,073 Cr₹1,428 Cr₹1,090 Cr₹1,356 Cr₹2,163 Cr₹3,059 Cr₹4,109 Cr₹4,397 Cr
Investing₹-873 Cr₹-2,319 Cr₹-471 Cr₹-1,011 Cr₹-1,705 Cr₹-3,290 Cr₹-4,317 Cr₹-2,735 Cr
Financing₹-84 Cr₹1,107 Cr₹-574 Cr₹-178 Cr₹-18 Cr₹985 Cr₹2,954 Cr₹-1,266 Cr
Free Cash Flow₹1,073 Cr₹1,428 Cr₹1,090 Cr₹1,356 Cr₹2,163 Cr₹3,059 Cr₹4,109 Cr₹4,397 Cr
Shareholding
Promoter 59.44% Institutions 33.91% Public 6.65%
Efficiency & Working Capital
ROCE18.9%
Interest Coverage21.5
Dividend Payout—
Debtor Days21 d
Inventory Days48 d
Payable Days23 d
Cash Conversion Cycle46 d
Working Capital Days69 d
Shareholding Details

As of 2026-06-30

Promoter59.4%
FII19%
DII15.2%
Institutions34.2%
Public6.3%
Promoter Pledge0%
No. of Shareholders8,13,548
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodMar 2024Jun 2024Sept 2024Nov 2024Nov 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters62.9%62.7%62.7%60.2%60.2%60.2%60.2%59.8%59.4%59.4%59.4%59.4%
FIIs25.8%25.3%24.2%25.2%25.2%25.3%23%21.9%21.9%20.3%19.5%19%
DIIs4.2%4.5%5%6.5%6.5%7%9.2%10.5%11.8%13.6%14.4%15.2%
Public7.2%7.5%8.2%8.1%8.1%7.5%7.6%7.8%6.8%6.7%6.7%6.3%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders4,89,8875,09,6076,98,7597,72,4157,72,4157,42,4888,73,9159,68,4199,02,8818,72,9338,77,6048,13,548
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202512————
Major Shareholders (>1%)
NameCategoryStakeShares
Rj Corp LimitedShareholding of Promoter and Promoter Group25.3%85.50 Cr
Ravi Kant JaipuriaShareholding of Promoter and Promoter Group16.7%56.51 Cr
Varun JaipuriaShareholding of Promoter and Promoter Group15.4%52.19 Cr
Lici New Pension Plus Growth FundPublic Shareholding2.3%7.82 Cr
Devyani JaipuriaShareholding of Promoter and Promoter Group1.9%6.58 Cr
Government Pension Fund GlobalPublic Shareholding1.8%6.18 Cr
Nippon Life India Trustee Ltd.-a/c Nippon India AcPublic Shareholding1.6%5.26 Cr
Sbi Arbitrage Opportunities FundPublic Shareholding1.4%4.73 Cr
Nps Trust - A/c Sbi Pension Fund Scheme - Nps TierPublic Shareholding1.2%3.91 Cr
Vivek GuptaShareholding of Promoter and Promoter Group0.1%23,26,500
Dhara JaipuriaShareholding of Promoter and Promoter Group0%33,995
Vivek Gupta (huf)Shareholding of Promoter and Promoter Group0%33,750
Madhav Hansraj Mariwala (huf)Shareholding of Promoter and Promoter Group0%0
Madhav H MariwalaShareholding of Promoter and Promoter Group0%11,710
Nandini Madhav MariwalaShareholding of Promoter and Promoter Group0%1,250
Bela Jyotikumar SahaShareholding of Promoter and Promoter Group0%2,500
Madhu Rajendra JindalShareholding of Promoter and Promoter Group0%132
Aishwarya M MariwalaShareholding of Promoter and Promoter Group0%0
Kimaya JaipuriaShareholding of Promoter and Promoter Group0%0
Sft Technologies Private LimitedShareholding of Promoter and Promoter Group0%18,609
Lotus HoldingsShareholding of Promoter and Promoter Group0%18,850
Marison Finvest Private LimitedShareholding of Promoter and Promoter Group0%2,185
Devyani Jaipuria Sports Academy Private LimitedShareholding of Promoter and Promoter Group0%0
Cryoviva Life Sciences Private LimitedShareholding of Promoter and Promoter Group0%0
Sft Syscon Private LimitedShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Ravi Kant Jaipuria00%2026-06-30
Varun Jaipuria00%2026-06-30
Devyani Jaipuria00%2026-06-30
Vivek Gupta00%2026-06-30
Dhara Jaipuria00%2026-06-30
Vivek Gupta (huf)00%2026-06-30
Madhav Hansraj Mariwala (huf)00%2026-06-30
Madhav H Mariwala3102.7%2026-06-30
Nandini Madhav Mariwala00%2026-06-30
Bela Jyotikumar Saha00%2026-06-30
Madhu Rajendra Jindal00%2026-06-30
Aishwarya M Mariwala00%2026-06-30
Board of Directors
NameDesignationYear
RAVI KANT JAIPURIAChairman & Non Executive Dir.2025
Varun JaipuriaVice Chairman & Executive Dire2025
RAJ PAL GANDHIE D & Wholetime Director2025
Rajinder Jeet Singh BaggaE D & Wholetime Director2025
Naresh Kumar TrehanNon-Exec & Non-Independent Dir2025
RAVI GUPTAIndependent Non Exe. Director2025
Rashmi DhariwalIndependent Non Exe. Director2025
Sita KhoslaIndependent Non Exe. Director2025
Abhiram SethIndependent Non Exe. Director2025
Anil Kumar SondhiIndependent Non Exe. Director2025
Ravi BatraCompany Secretary / Chief Risk Officer2025
Segments — Product
SegmentRevenueShare
Manufacturing and sale of beverages₹0 Cr—
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹21,000676676
Corporate Actions
TypeDateValueRemark
dividend2026-04-30₹0.5 (25%)Interim
dividend2026-04-08₹0.5 (25%)Final
dividend2025-08-01₹0.5 (25%)Interim 2
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20254,06701001921384,652
20253,3690901623,521
202549501016539864
Insider / Designated-Person Trades

1 recent disclosure(s)

Ravindra Dhariwal Trustee of Varun Beverages Limited û Bonus Issue Fractional Shares TrustDisposal · 16,857
Company Information
Incorporated1995
ChairmanRAVI KANT JAIPURIA
AuditorJ C Bhalla & Co/O P Bagla & Co LLP
Investor Email[email protected]
🌐 www.varunbeverages.com ↗

📍 F-2/7 Okhla Industrial Area, Phase-I, New Delhi, New Delhi, 110020

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