Varun Beverages Ltd
Varun Beverages Ltd (VBL) last traded at ₹438, a market capitalisation of ₹1,48,152 crore, on a P/E of 43.8. Over the past 52 weeks the stock has ranged between ₹381 and ₹556. Varun Beverages Ltd last reported results for the quarter ended Jun 2026, with sales of ₹8,451 crore and net profit of ₹1,525 crore. Figures are as of 25 Aug 2026 and are not real time.
Varun Beverages Ltd share price and key metrics
Metrics as of 25 Aug 2026. Not real time.
Varun Beverages Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹8,451 cr, up 20.4% from ₹7,017 cr a year earlier. Net profit was ₹1,525 cr, up 15.1% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 4,805 | 3,689 | 5,567 | 7,017 | 4,897 | 4,204 | 6,574 | 8,451 |
| Expenses | 3,654 | 3,110 | 4,304 | 5,020 | 3,751 | 3,568 | 5,049 | 6,112 |
| Operating profit | 1,151 | 579 | 1,263 | 1,998 | 1,146 | 637 | 1,525 | 2,339 |
| OPM % | 24% | 16% | 23% | 28% | 23% | 15% | 23% | 28% |
| Other income | 24 | 45 | 28 | 77 | 148 | 99 | 44 | 104 |
| Interest | 119 | 109 | 41 | 37 | 45 | 47 | 49 | 57 |
| Depreciation | 257 | 261 | 273 | 306 | 308 | 330 | 357 | 409 |
| Profit before tax | 800 | 254 | 978 | 1,732 | 941 | 359 | 1,163 | 1,977 |
| Tax % | 21% | 23% | 25% | 23% | 21% | 28% | 24% | 23% |
| Net profit | 629 | 196 | 731 | 1,325 | 745 | 260 | 879 | 1,525 |
| EPS (₹) | 1.91 | 0.55 | 2.15 | 3.89 | 2.19 | 0.74 | 2.58 | 4.50 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Varun Beverages Ltd annual results
| ₹ crore | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 6,450 | 8,823 | 13,173 | 16,043 | 20,008 | 21,685 | 24,126 |
| Operating profit | 1,215 | 1,694 | 2,863 | 3,717 | 4,818 | 5,070 | 5,646 |
| OPM % | 19% | 19% | 22% | 23% | 24% | 23% | 23% |
| Net profit | 357 | 746 | 1,550 | 2,102 | 2,634 | 3,062 | 3,409 |
| EPS (₹) | 1.01 | 2.14 | 4.61 | 6.33 | 7.67 | 8.98 | 10.01 |
TTM is the trailing twelve months to the most recent quarter.
Varun Beverages Ltd growth and returns
- 10 Years
- 20%
- 5 Years
- 27%
- 3 Years
- 18%
- TTM
- 14%
- 10 Years
- 40%
- 5 Years
- 50%
- 3 Years
- 24%
- TTM
- 19%
- 10 Years
- %
- 5 Years
- 30%
- 3 Years
- 7%
- 1 Year
- -17%
- 10 Years
- 21%
- 5 Years
- 22%
- 3 Years
- 21%
- Last Year
- 16%
Varun Beverages Ltd shareholding pattern
Promoters held 59.43% at Jun 2026, broadly unchanged since Jun 2025. FIIs 19.03% and DIIs 15.16%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 62.67% | 60.20% | 60.23% | 59.82% | 59.44% | 59.44% | 59.43% | 59.43% |
| FIIs | 24.18% | 25.27% | 22.98% | 21.86% | 21.93% | 20.31% | 19.51% | 19.03% |
| DIIs | 4.97% | 7.00% | 9.19% | 10.52% | 11.78% | 13.56% | 14.35% | 15.16% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.05% |
| Public | 8.19% | 7.52% | 7.59% | 7.80% | 6.84% | 6.69% | 6.66% | 6.33% |
| No. of shareholders | 6,98,759 | 7,42,488 | 8,73,915 | 9,68,419 | 9,02,881 | 8,72,933 | 8,77,604 | 8,13,548 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Varun Beverages Ltd corporate filings
- The Board of Directors at their meeting held today inter-alia approved: (i) to incorporate a wholly-owned subsidiary company in India, (ii) appointment of Mr. Prathmesh Mishra as CEO & ....Company Updatehigh impact
Cruxal's analysis: Varun Beverages Limited has announced a significant strategic pivot by incorporating a…
Read the full analysis - Update on merger of Twizza Proprietary Limited (step down subsidiary) with The Beverage Company Proprietary Limited (subsidiary company) as per details in enclosed disclosure.Company Updatelow impact
Cruxal's analysis: Varun Beverages Limited has announced the successful completion of the merger of its…
Read the full analysis - Intimation of ESG RatingCompany Updatelow impact
Cruxal's analysis: Varun Beverages Ltd has submitted a disclosure under Regulation 30 of the SEBI (LODR)…
Read the full analysis - We wish to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, representatives of the Company shall participate in ....Company Updatelow impact
Cruxal's analysis: Varun Beverages Ltd has issued an intimation regarding the company's participation in…
Read the full analysis - Transcript of Investors & Analysts Conference CallCompany Updatehigh impact
Cruxal's analysis: Varun Beverages Limited reported a robust Q2 2026 performance, with consolidated net…
Read the full analysis - Varun Beverages (Zimbabwe) (Private) Limited, subsidiary company, has incorporated a joint venture company in Zimbabwe as per details in enclosed intimation.Company Updatemedium impact
Cruxal's analysis: Varun Beverages (Zimbabwe) (Private) Limited, a subsidiary of Varun Beverages Ltd, has…
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