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Varun Beverages Limited (VBL.NS)
Gurugram, IN
Varun Beverages Limited (VBL) and its subsidiaries serve as a prominent franchisee for PepsiCo, overseeing the manufacturing, bottling, distribution, and sales of both carbonated and non-carbonated beverages under PepsiCo's diverse brand portfolio. The company's extensive range of sparkling drinks features well-known names such as Pepsi, Diet Pepsi, Seven-Up, Mirinda (Orange and Lemon), Mountain Dew, Seven-Up Nimbooz Masala Soda, Evervess Soda, Duke's Soda, Sting, Pepsi Black, Mountain Dew Ice, Slice Fizzy, and Teem. Additionally, VBL produces and distributes still beverages, including Tropicana Slice, Tropicana Juices, Seven-Up Nimbooz, Gatorade, and Quaker Oats Milk, alongside packaged water brands like Aquafina and Aquavess. In Sri Lanka, the company also holds the franchise for PepsiCo's Ole brand. VBL's products are delivered to retail outlets directly and through an extensive distributor network across India, Nepal, Sri Lanka, Morocco, Zambia, and Zimbabwe. Established in 1995, Varun Beverages Limited is based in Gurugram, India, and operates as a subsidiary of RJ Corp Limited.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.44% | +0.75% | +6.76% | +30.13% | +8.80% | +6.60% | +11.13% | +61.67% | +404.88% | +1,817.74% | +1,817.74% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
| Rating | 2026-06 | Change |
|---|---|---|
| Strong Buy | 5 | 0 |
| Buy | 17 | 0 |
| Hold | 4 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth+8.4% Q1'26: +18.1% (vs Q1'25)
-
EPS growth+13.1% Q1'26: +20.0% (vs Q1'25)
-
FCF margin+11.5% Q1'26: -2.5% (vs Q1'25)
-
EBIT margin+19.3% Q1'26: +18.4% (vs Q1'25)
-
ROIC+15.1% Q1'26: +17.7% (vs Q1'25)
-
Share dilution+3.6% Q1'26: +0.1% (vs Q1'25)
-
Debt / EBITDA0.54× Q1'26: 0.46× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 25 Rev. Ana. 23 EPS Ana. |
Dec 2027 25 Rev. Ana. 23 EPS Ana. |
Dec 2028 16 Rev. Ana. 13 EPS Ana. |
Dec 2029 15 Rev. Ana. 11 EPS Ana. |
Dec 2030 15 Rev. Ana. 5 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
40.08B
est: 40.89B (-2.0%)
|
51.05B
est: 49.01B (+4.2%)
|
71.30B
est: 70.16B (+1.6%)
|
64.50B
est: 64.36B (+0.2%)
|
88.23B
est: 86.06B (+2.5%)
|
131.73B
est: 131.23B (+0.4%)
|
160.43B
est: 180.52B (-11.1%)
|
200.08B
est: 199.82B (+0.1%)
|
216.85B
est: 216.62B (+0.1%)
|
257.60B
245.31B – 268.22B
+18.9% YoY
|
291.54B
278.96B – 305.91B
+13.2% YoY
|
327.08B
326.83B – 327.32B
+12.2% YoY
|
391.48B
373.75B – 409.29B
+19.7% YoY
|
446.98B
426.73B – 467.31B
+14.2% YoY
|
| EBITDA |
8.54B
est: 8.72B (-2.0%)
|
10.98B
est: 5.69B (+93.2%)
|
15.46B
est: 8.34B (+85.3%)
|
12.11B
est: 7.16B (+69.1%)
|
16.62B
est: 9.58B (+73.4%)
|
28.27B
est: 11.23B (+151.7%)
|
37.47B
est: 57.28B (-34.6%)
|
48.31B
est: 64.74B (-25.4%)
|
54.02B
est: 68.73B (-21.4%)
|
81.74B
77.84B – 85.11B
+18.9% YoY
|
92.51B
88.51B – 97.06B
+13.2% YoY
|
103.78B
103.70B – 103.86B
+12.2% YoY
|
124.22B
118.59B – 129.87B
+19.7% YoY
|
141.83B
135.40B – 148.28B
+14.2% YoY
|
| EBIT |
5.11B
est: 6.59B (-22.5%)
|
7.17B
est: 6.01B (+19.2%)
|
10.60B
est: 9.96B (+6.4%)
|
7.06B
est: 9.26B (-23.8%)
|
11.55B
est: 12.39B (-6.7%)
|
22.88B
est: 14.52B (+57.6%)
|
31.03B
est: 47.28B (-34.4%)
|
39.68B
est: 53.44B (-25.7%)
|
41.79B
est: 56.73B (-26.3%)
|
67.47B
64.25B – 70.25B
+18.9% YoY
|
76.35B
73.06B – 80.12B
+13.2% YoY
|
85.66B
85.60B – 85.73B
+12.2% YoY
|
102.53B
97.88B – 107.19B
+19.7% YoY
|
117.06B
111.76B – 122.39B
+14.2% YoY
|
| Net Income |
2.10B
est: 2.10B (-0.1%)
|
2.93B
est: 2.52B (+16.1%)
|
4.69B
est: 4.25B (+10.4%)
|
3.29B
est: 4.11B (-19.9%)
|
6.94B
est: 5.49B (+26.3%)
|
14.97B
est: 18.79B (-20.3%)
|
20.56B
est: 24.23B (-15.1%)
|
25.95B
est: 26.69B (-2.8%)
|
30.36B
est: 31.82B (-4.6%)
|
34.94B
32.76B – 39.00B
+9.8% YoY
|
40.87B
37.50B – 47.21B
+17.0% YoY
|
46.41B
42.84B – 52.19B
+13.6% YoY
|
—
— – —
-100.0% YoY
|
—
— – —
|
| SGA |
5.87B
est: 5.23B (+12.3%)
|
7.42B
est: 13.24B (-43.9%)
|
10.13B
est: 21.71B (-53.4%)
|
10.82B
est: 17.69B (-38.8%)
|
12.15B
est: 23.66B (-48.7%)
|
14.41B
est: 27.73B (-48.0%)
|
17.53B
est: 24.87B (-29.5%)
|
22.99B
est: 36.39B (-36.8%)
|
47.20B
est: 29.84B (+58.1%)
|
35.49B
33.80B – 36.95B
+18.9% YoY
|
40.17B
38.43B – 42.15B
+13.2% YoY
|
45.06B
45.03B – 45.10B
+12.2% YoY
|
53.94B
51.49B – 56.39B
+19.7% YoY
|
61.58B
58.79B – 64.38B
+14.2% YoY
|
| EPS |
0.68
est: 0.64 (+5.6%)
|
0.95
est: 0.92 (+3.0%)
|
1.50
est: 1.41 (+6.6%)
|
1.01
est: 1.07 (-5.8%)
|
2.14
est: 2.15 (-0.4%)
|
4.61
est: 4.61 (-0.1%)
|
6.33
est: 7.46 (-15.1%)
|
7.95
est: 7.89 (+0.8%)
|
8.98
est: 8.98 (+0.0%)
|
10.39
9.69 – 11.53
+15.8% YoY
|
12.14
11.09 – 13.96
+16.8% YoY
|
13.68
12.67 – 15.43
+12.7% YoY
|
—
— – —
-100.0% YoY
|
—
— – —
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-06-12 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-06-11 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-06-10 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-06-09 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-06-08 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-06-05 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-06-04 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-06-03 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-06-02 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-06-01 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-29 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-27 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-26 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-25 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-22 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-21 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-20 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-19 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-18 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-15 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-14 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-13 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-12 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-11 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-08 | D+ | 1/5 | 2/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-07 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-06 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-05 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-04 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-30 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-29 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-28 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-27 | B | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-24 | B | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-23 | B | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-22 | B | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-21 | B | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-20 | B | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-17 | B | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-16 | B | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-15 | B | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-13 | B | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 1/5 | 1/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Varun Ravi Kant Jaipuria | Executive Vice Chairman | 72M | male |
| Raj Pal Gandhi | Whole-Time Director | 69M | male |
| Rajinder Jeet Singh Bagga | Whole-Time Director | 69M | male |
| Manmohan Rupal Paul | Chief Operating Officer of Sales | — | male |
| Pankaj Madan | Chief Financial Officer | — | male |
| Deepak Dabas | Senior Vice President of Investor Relations | — | male |
| Rajesh Chawla | Chief Financial Officer of India | — | male |
| Kamal Karnatak | Senior Vice President | — | male |
| Ravi Batra | Chief Risk Officer, Compliance Officer & Group Company Secretary | — | male |
| Kamlesh Kumar Jain | Chief Operating Officer of International & Executive Director | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for VBL.NS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
