Varun Beverages Ltd: Financial Statements & Historical Data

COMPANY FINANCIAL DATA

Reported figures at a glance

Stored figures, not live quotes. Price record: 28 September 2026, 8:01 pm +05:30. Financial reporting periods are shown in the tables below.

Stored share price430₹ per share

Reported P/E43.0Times

Book value per share57.9₹ per share

Reported ROCE19.7 %%

Data sources and reporting basis

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Different tables can have different reporting dates and accounting bases. Verify the company filings before comparing figures. Missing data is not treated as zero.

How Getaka handles sources, dates and corrections. Page revision dates describe the page, not the age of every financial figure.

Stored market and accounting figures

Price record: 28 September 2026, 8:01 pm +05:30. Not a live quote.

Measure	Stored figure
Market Cap	1,45,497 Cr.
Current Price	430
High / Low	556/381
Stock P/E	43.0
Book Value	57.9
Dividend Yield	0.35 %
ROCE	19.7 %
ROE	16.2 %
Face Value	2.00

Market cap is in ₹ crore; prices and per-share values are in ₹. P/E is a multiple; yield, ROCE and ROE are percentages. Book value is an accounting figure, not an estimate of the share's investment value.

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Varun Beverages Ltd	1,45,497 Cr.	430	556/381	43.0	57.9	0.35 %	19.7 %	16.2 %	2.00
Industry Average	145,497.00 Cr	430.00		43.00	57.90	0.35%	19.70%	16.20%	2.00

All Competitor Stocks of Varun Beverages Ltd

FINANCIALS

Quarterly performance

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Sales, expenses & profits

₹ crore

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Supporting financial tableAll reported figures · use a chart icon for peer comparison

Quarterly Chart Table

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	2,214	3,893	5,611	3,871	2,668	4,317	7,197	4,805	3,689	5,567	7,017	4,897	4,204	6,574	8,451
Expenses	1,907	3,095	4,101	2,989	2,249	3,329	5,206	3,654	3,110	4,304	5,020	3,751	3,568	5,049	6,112
Operating Profit	307	798	1,511	882	418	989	1,991	1,151	579	1,263	1,998	1,146	637	1,525	2,339
OPM %	14%	20%	27%	23%	16%	23%	28%	24%	16%	23%	28%	23%	15%	23%	28%
Other Income	9	10	42	19	9	8	44	24	45	28	77	148	99	44	104
Interest	47	63	69	62	74	94	129	119	109	41	37	45	47	49	57
Depreciation	180	172	172	171	166	188	242	257	261	273	306	308	330	357	409
Profit before tax	90	573	1,311	667	188	716	1,663	800	254	978	1,732	941	359	1,163	1,977
Tax %	9%	24%	23%	23%	24%	23%	24%	21%	23%	25%	23%	21%	28%	24%	23%
Net Profit	82	439	1,005	514	144	548	1,262	629	196	731	1,325	745	260	879	1,525
EPS in Rs	0.23	1.32	3.06	1.54	0.41	1.65	3.86	1.91	0.55	2.15	3.89	2.19	0.74	2.58	4.50

Last Updated: September 26, 2026, 9:07 pm

FINANCIALS

Annual performance

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Sales, expenses & profits

₹ crore

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Earnings per share

₹ per share

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Supporting financial tableAll reported figures · use a chart icon for peer comparison

Profit & Loss Chart Table

Last Updated: September 26, 2026, 9:07 pm

Metric	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025	TTM
Sales	2,502	3,394	3,861	4,004	5,105	7,130	6,450	8,823	13,173	16,043	20,008	21,685	24,126
Expenses	2,116	2,752	3,052	3,165	4,069	5,667	5,235	7,129	10,310	12,326	15,189	16,616	18,480
Operating Profit	387	642	810	838	1,036	1,462	1,215	1,694	2,863	3,717	4,818	5,070	5,646
OPM %	15%	19%	21%	21%	20%	21%	19%	19%	22%	23%	24%	23%	23%
Other Income	14	36	27	14	6	47	-30	51	-18	-5	45	352	395
Interest	187	170	435	215	223	324	294	207	204	292	483	196	197
Depreciation	210	317	322	347	385	489	529	531	617	681	947	1,216	1,404
Profit before tax	4	191	79	291	434	696	363	1,007	2,024	2,739	3,433	4,010	4,440
Tax %	658%	41%	39%	26%	31%	32%	1%	26%	23%	23%	23%	24%
Net Profit	-20	113	48	214	300	472	357	746	1,550	2,102	2,634	3,062	3,409
EPS in Rs	-0.09	0.50	0.14	0.68	0.95	1.44	1.01	2.14	4.61	6.33	7.67	8.98	10.01
Dividend Payout %	0%	0%	0%	22%	16%	15%	22%	16%	15%	16%	13%	17%

YoY Net Profit Growth

Year
YoY Net Profit Growth (%)
Change in YoY Net Profit Growth (%)

No data available for trend analysis.

Growth

Compounded Sales Growth
10 Years:	23%
5 Years:	23%
3 Years:	31%
TTM:	17%

Compounded Profit Growth
10 Years:	63%
5 Years:	41%
3 Years:	55%
TTM:	18%

Stock Price CAGR
10 Years:	Not available
5 Years:	49%
3 Years:	33%
1 Year:	-20%

Return on Equity
10 Years:	23%
5 Years:	25%
3 Years:	28%
Last Year:	22%

Last Updated: September 4, 2025, 9:40 pm

FINANCIALS

Balance sheet

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Reserves & borrowings

₹ crore

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Balance Sheet Data Table

Last Updated: April 3, 2026, 1:30 am

Month	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Equity Capital	134	134	182	183	183	289	289	433	650	650	676	676
Reserves	9	91	1,511	1,587	1,816	3,040	3,235	3,647	4,453	6,287	15,934	18,902
Borrowings	2,615	2,527	2,215	2,654	2,808	3,417	3,216	3,387	3,884	5,431	2,826	2,508
Other Liabilities	533	1,680	915	852	1,192	1,630	1,707	2,113	2,632	2,819	3,688	3,454
Total Liabilities	3,292	4,431	4,824	5,276	5,998	8,376	8,447	9,579	11,618	15,187	23,124	25,541
Fixed Assets	2,355	3,496	3,716	3,981	4,387	6,479	6,409	6,311	6,932	8,409	13,402	16,759
CWIP	25	38	96	145	352	64	67	497	607	1,922	1,167	271
Investments	304	3	7	8	11	0	0	0	0	21	60	174
Other Assets	608	894	1,006	1,141	1,247	1,833	1,972	2,772	4,079	4,835	8,496	8,337
Total Assets	3,292	4,431	4,824	5,276	5,998	8,376	8,447	9,579	11,618	15,187	23,124	25,541

FINANCIALS

Cash generation

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Operating & free cash flow

₹ crore

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Supporting financial tableAll reported figures · use a chart icon for peer comparison

Cash Flows

Month	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operating Activity +	431	555	826	620	1,000	1,308	1,012	1,231	1,790	2,391	3,381
Cash from Investing Activity +	-500	-300	-1,048	-746	-937	-2,320	-472	-1,008	-1,769	-3,288	-4,311
Cash from Financing Activity +	58	-236	230	159	-84	1,107	-574	-178	-18	985	2,954
Net Cash Flow	-11	19	8	32	-22	95	-33	46	4	88	2,024

Free Cash Flow Table

Free cash flow is not available in the stored cash-flow statement. Missing values are not treated as zero.

Financial efficiency feed. Source: www.screener.in. The source URL identifies consolidated accounts. Values from separate feeds can differ, even for the same period; they are not interchangeable. Use each table’s period labels. Data methodology.

FINANCIALS

Financial & business efficiency

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Working capital

Days

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Returns on capital & equity

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Financial Efficiency Data Table

Month	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Debtor Days	11	14	11	12	14	9	9	14	9	8	8	15
Inventory Days	75	77	90	103	88	94	100	123	131	116	106	114
Days Payable	42	48	39	58	38	52	54	68	64	48	37	64
Cash Conversion Cycle	44	43	62	58	64	52	55	69	76	76	77	66
Working Capital Days	28	-99	-73	-89	-65	-50	-37	-47	-34	-24	-9	16
ROCE %	5%	7%	12%	16%	12%	15%	18%	11%	17%	27%	29%	25%

FINANCIALS

Ownership trends

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Shareholding comparison

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Shareholder count

Shareholders

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Shareholding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	63.09%	63.09%	62.91%	62.67%	62.67%	60.20%	60.23%	59.82%	59.44%	59.44%	59.43%	59.43%
FIIs	27.55%	26.58%	25.79%	25.32%	24.18%	25.27%	22.98%	21.86%	21.93%	20.31%	19.51%	19.03%
DIIs	3.36%	3.58%	4.16%	4.54%	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%	0.00%	0.00%	0.00%	0.00%	0.04%	0.05%
Public	6.01%	6.74%	7.16%	7.46%	8.19%	7.52%	7.59%	7.80%	6.84%	6.69%	6.66%	6.33%
No. of Shareholders	3,75,534	4,40,278	4,89,887	5,09,607	6,98,759	7,42,488	8,73,915	9,68,419	9,02,881	8,72,933	8,77,604	8,13,548

Mutual fund holdingsReported fund ownership · Expand table

Mutual Fund Holdings Data Table

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
SBI Large Cap Fund	24,500,000	2.11	1154.56	15,670,258	2025-12-15 03:24:49	56.35%
Nippon India Growth Mid Cap Fund	14,700,000	1.66	692.74	13,800,000	2026-02-23 03:40:38	6.52%
Mirae Asset Large Cap Fund	12,423,074	1.45	585.44	12,719,923	2026-01-25 09:29:53	-2.33%
Tata Large & Mid Cap Fund	7,000,000	4.06	329.88	N/A	N/A	N/A
Nippon India Focused Fund	6,012,573	3.34	283.34	N/A	N/A	N/A
Nippon India Multi Cap Fund	5,614,570	0.54	264.59	N/A	N/A	N/A
Invesco India Contra Fund	5,385,676	1.27	253.8	5,128,275	2026-01-25 02:12:33	5.02%
Axis ELSS Tax Saver Fund	5,365,940	0.77	252.87	4,620,621	2025-12-15 03:24:49	16.13%
Nippon India Large Cap Fund	5,225,787	0.49	246.27	N/A	N/A	N/A
Canara Robeco Large Cap Fund	4,956,703	1.37	233.58	4,681,703	2026-01-25 09:29:53	5.87%

Alternate ratio feed. Source: www.way2wealth.com. The accounting basis and ratio definitions require verification against the source. Values from separate feeds can differ, even for the same period; they are not interchangeable. Use each table’s period labels. Data methodology.

FINANCIALS

Ratios from the alternate data feed

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Profitability ratios

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Liquidity ratios

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Distributions & retention

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Interest coverage

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Valuation multiples

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Key Financial Ratios

Month	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
FaceValue	2.00	5.00	10.00	10.00	10.00
Basic EPS (Rs.)	7.95	15.83	23.05	16.03	11.40
Diluted EPS (Rs.)	7.94	15.82	23.05	16.03	11.40
Cash EPS (Rs.)	10.60	21.42	33.37	29.50	32.99
Book Value[Excl.RevalReserv]/Share (Rs.)	49.12	54.53	80.29	96.91	124.31
Book Value[Incl.RevalReserv]/Share (Rs.)	49.12	54.53	80.29	96.91	124.31
Revenue From Operations / Share (Rs.)	59.17	123.48	202.80	203.75	223.43
PBDIT / Share (Rs.)	14.29	28.39	43.52	39.78	42.91
PBIT / Share (Rs.)	11.49	23.15	34.02	27.51	24.60
PBT / Share (Rs.)	10.16	21.09	31.15	23.25	14.86
Net Profit / Share (Rs.)	7.79	16.18	23.86	17.23	14.68
NP After MI And SOA / Share (Rs.)	7.67	15.82	23.05	16.03	11.40
PBDIT Margin (%)	24.15	22.99	21.45	19.52	19.20
PBIT Margin (%)	19.41	18.74	16.77	13.50	11.00
PBT Margin (%)	17.16	17.07	15.36	11.40	6.65
Net Profit Margin (%)	13.17	13.10	11.76	8.45	6.57
NP After MI And SOA Margin (%)	12.96	12.81	11.36	7.86	5.10
Return on Networth / Equity (%)	15.62	29.64	29.34	17.01	9.33
Return on Capital Employeed (%)	20.86	27.26	28.88	18.15	11.78
Return On Assets (%)	11.21	13.53	12.88	7.24	3.88
Long Term Debt / Equity (X)	0.05	0.45	0.33	0.44	0.56
Total Debt / Equity (X)	0.14	0.74	0.72	0.59	0.76
Asset Turnover Ratio (%)	1.04	1.20	1.24	0.75	0.58
Current Ratio (X)	1.74	1.02	0.85	0.84	0.73
Quick Ratio (X)	1.12	0.50	0.35	0.36	0.35
Inventory Turnover Ratio (X)	3.36	3.39	3.73	3.09	2.73
Dividend Payout Ratio (NP) (%)	12.52	11.05	10.84	15.59	21.93
Dividend Payout Ratio (CP) (%)	9.17	8.30	7.67	8.83	8.41
Earning Retention Ratio (%)	87.48	88.95	89.16	84.41	78.07
Cash Earning Retention Ratio (%)	90.83	91.70	92.33	91.17	91.59
Interest Coverage Ratio (X)	10.73	13.76	15.19	9.33	4.41
Interest Coverage Ratio (Post Tax) (X)	6.85	8.84	9.33	5.04	2.51
Enterprise Value (Cr.)	215936.52	165536.99	89425.64	40612.53	28996.25
EV / Net Operating Revenue (X)	10.79	10.32	6.79	4.60	4.50
EV / EBITDA (X)	44.69	44.88	31.63	23.58	23.41
MarketCap / Net Operating Revenue (X)	10.79	10.01	6.52	4.35	4.10
Retention Ratios (%)	87.47	88.94	89.15	84.40	78.06
Price / BV (X)	13.00	23.16	16.84	9.41	7.50
Price / Net Operating Revenue (X)	10.79	10.01	6.52	4.35	4.10
EarningsYield	0.01	0.01	0.01	0.01	0.01