Varun Beverages Limited

Fast Moving Consumer Goods · Beverages

NSE: VBL BSE: 540180
₹432.00
▲ 2.00 (0.47%)
Sept. 30, 2026 · NSE · nse_bhavcopy
Quality
87/100
Strong
Valuation
3/100
Expensive
Momentum
68/100
Neutral

QVM read Quality business Quality Strong, Valuation Expensive, Momentum Neutral

Tradinity's own scoring, not a copy of any third party's -- see the Key Metrics section for the real ratios behind each number.

About

Varun Beverages Limited (VBL) is an Indian multinational company that manufactures, bottles and distributes beverages. It is the largest bottling company of PepsiCo's beverages in the world outside the United States. The company was incorporated in 1995 as a subsidiary of RJ Corp, and named after founder Ravi Jaipuria's son.

Source: Wikipedia

Key Metrics

Market Capitalization
₹146,115 Cr
PE (TTM)
49.5
Industry median 40.5 (21 companies)
Price to Book
7.4
PEG (TTM)
3.3
Institutions holding %
34.24%
FII + DII, latest filed period
Piotroski Score
Data unavailable.
Relative return vs Nifty50, qtr %
-13.2
Relative return vs Sector, qtr %
-8.0
Free Cash Flow
₹1,394 Cr
as of June 30, 2026
Industry median ₹-2 Cr (32 companies)
EPS Growth (YoY)
14.29%
as of June 30, 2026
Industry median 15.24% (30 companies)
Net Profit Growth (TTM)
16.21%
as of June 30, 2026
Industry median 6.42% (30 companies)
Operating Revenue Growth (TTM)
8.56%
as of June 30, 2026
Industry median 0.00% (30 companies)
Profit Growth (YoY)
14.15%
as of June 30, 2026
Industry median 4.65% (29 companies)
Revenue Growth (YoY)
13.03%
as of June 30, 2026
Industry median 10.01% (27 companies)
Current Ratio
1.94
as of Dec. 31, 2025
Industry median 1.53 (32 companies)
Debt to Equity
0.13
as of Dec. 31, 2025
Industry median 0.48 (30 companies)
Interest Coverage
135.57
as of June 30, 2026
Industry median 3.50 (30 companies)
Net Margin
22.09%
as of June 30, 2026
Industry median 3.81% (27 companies)
Operating Margin (EBIT)
29.34%
as of June 30, 2026
Industry median 6.47% (28 companies)
Operating Margin (TTM)
25.01%
as of June 30, 2026
Industry median 5.01% (30 companies)
Return on Assets
10.18%
as of Dec. 31, 2025
Industry median 2.14% (30 companies)
Return on Capital Employed
16.63%
as of Dec. 31, 2025
Industry median 7.44% (30 companies)
Return on Equity
13.18%
as of Dec. 31, 2025
Industry median 6.32% (30 companies)

Investment checklist

Tradinity's own yes/no questions with the rule stated beside each. “Items without enough data are left out, never counted as a No, and the totals count only answered questions. A summary of numbers on this page, not advice.

Financials

3 of 6 met
  • Yes Net profit is higher than a year earlier in each of the last 4 quarters
  • No Revenue is higher than a year earlier in each of the last 4 quarters
  • Yes Quality score is Strong (70 or more)
  • Yes Debt to equity is below 0.5 (0.13)
  • No Return on equity is 15% or more (13.2%)
  • No Net cash flow for the latest year is positive

Ownership

2 of 3 met
  • Yes FII/FPI or DII holding rose in the latest quarter
  • No Promoter holding rose or was unchanged in the latest quarter
  • Yes Promoter pledge is 5% of their holding or less and not rising (0.0% pledged)

Peer comparison

3 of 3 met
  • Yes 1-year return beats the industry median
  • Yes Revenue growth beats the industry median
  • Yes Profit growth beats the industry median

Value and momentum

2 of 6 met
  • Yes Price sits in the Buy zone of its own historical PE range (Buy Zone)
  • No Valuation score is Undervalued (70 or more)
  • No Momentum score is Bullish (70 or more)
  • Yes Price is above the 5, 10 and 20 day averages
  • No Price is above the 50, 100 and 200 day averages
  • No Latest candle has a bullish shape (hammer, dragonfly doji, white marubozu)

Price

Download CSV

PE/EPS use each quarter's real filed EPS only from 45 days after quarter-end (no look-ahead) against the raw close of the day. Price-to-book isn't a mode here: the feed has no dated share count, so there's no real history to chart.

RSI (14) (same adjusted close series as the price chart above)

MACD (12, 26, 9) (same adjusted close series as the price chart above)

Relative Returns (vs NIFTY 50)

Prices adjusted for splits and bonuses. * = a corporate action affecting this date could not be parsed and is not reflected.

Price range

Day return
0.5%
Low 427.5000 · High 436.4000
1W return
-1.0%
Low 425.1500 · High 436.8500
1M return
7.9%
Low 396.2000 · High 438.6000
52W return
-2.5%
Low 381.0000 · High 555.8000
Lifetime High ₹1705.1000 (June 5, 2023)
Lifetime Low ₹348.3000 (March 14, 2017)

Full price history and technicals →

EMA & SMA

Bullish3
Bearish3
5D
430.8
10D
427.9
20D
425.1
50D
434.8
100D
449.7
200D
465.2

Delivery and volume

Day avg. delivery
55.3%
Week avg. delivery
63.3%
Month avg. delivery
59.2%

Week = 5 sessions, Month = 22 sessions ending the latest trading day — the same combined NSE+BSE delivery data as the table below, just summed.

Resistance and support

431.97
Pivot
First resistance436.43
Second resistance440.87
Third resistance445.33
First support427.53
Second support423.07
Third support418.63
Day RSI55.2
Day MFI73.4
Day MACD1.10
Day MACD signal-1.96

Beta

1M1.00
3M0.72
1Y1.05
3Y0.66

Price change analysis

↑ 7.9%
Over 1 Month
LowHigh
396.20438.60
↓ -16.2%
Over 3 Months
LowHigh
396.20522.40
↑ 7.5%
Over 6 Months
LowHigh
390.60555.80
↓ -2.5%
Over 1 Year
LowHigh
381.00555.80
Legend Positive indicator Neutral indicator Negative indicator

Buy/Sell Zone

View Buy/Sell Zone →
Current PE 49.5 (own history: 40.7–98.3)
Buy Zone
Revenue (June 30, 2026)
₹5,996 Cr
Net profit (June 30, 2026)
₹1,324 Cr
Basic EPS (June 30, 2026)
₹3.9200

Ranks #1 of 32 in Beverages by market cap -- full peer table on the Financials page.

Shareholding pattern / Ownership

Shareholding summary

Jun 2026
  • Promoter59.43%
  • Mutual funds9.06%
  • FII/FPI19.03%
  • Other DII6.15%
  • Public6.33%

Largest holders

NameCategoryShares %Shares
RJ Corp LimitedPromoter25.2800%855041916
Ravi Kant JaipuriaPromoter16.7100%565086222
Varun JaipuriaPromoter15.4300%521859870
LICI NEW PENSION PLUS GROWTH FUNDPublic2.3100%78193375
Devyani JaipuriaPromoter1.9400%65779775

As of June 30, 2026. Only holders the filing discloses individually.

Historical promoter holding

Promoters holdings decreased from 59.44% to 59.43% in Jun 2026 qtr

Historical fii holding

FII/FPI holdings decreased from 19.51% to 19.03% in Jun 2026 qtr

Historical mutual fund holding

Mutual funds holdings increased from 8.30% to 9.06% in Jun 2026 qtr

108 mutual fund schemes also hold this stock.

All shareholding details →

Latest insider trades

FiledPersonCategoryTypeQuantityValue
6 Aug 2021 Ravindra Dhariwal (Trustee of Varun Beverages Limited �� Bonus Issue Fractional Shares Trust) Immediate relative Sell 0 ₹0
21 May 2021 Varun Jaipuria Promoter Sell 0 ₹0
21 May 2021 Varun Jaipuria Promoter Sell 0 ₹0
26 Feb 2021 Ravi Kant Jaipuria Promoter Buy 0 ₹0
26 Feb 2021 Ravi Kant Jaipuria and Sons (HUF) Promoter Sell 0 ₹0
29 Jun 2020 Ravi Kant Jaipuria and Sons (HUF) Promoter Sell 0 ₹0
29 Jun 2020 Ravi Kant Jaipuria and Sons (HUF) Promoter Sell 0 ₹0
29 Jun 2020 Ravi Kant Jaipuria and Sons (HUF) Promoter Sell 0 ₹0
29 Jun 2020 Ravi Kant Jaipuria and Sons (HUF) Promoter Sell 0 ₹0
29 Jun 2020 Ravi Kant Jaipuria and Sons (HUF) Promoter Sell 0 ₹0

All insider and SAST disclosures →

DateClientDealActionQuantityPriceExchange
26 Sep 2025 MORGAN STANLEY ASIA SINGAPORE PTE Block Buy 231,971 451.8500 NSE
26 Sep 2025 GOLDMAN SACHS BANK EUROPE SE - ODI Block Sell 231,971 451.8500 NSE
8 Sep 2025 GOLDMAN SACHS BANK EUROPE SE - ODI Block Buy 1,471,154 469.6500 NSE
8 Sep 2025 GOLDMAN SACHS (SINGAPORE) PTE - ODI Block Sell 1,471,154 469.6500 NSE
8 Sep 2025 GOLDMAN SACHS BANK EUROPE SE - ODI Block Buy 1,471,154 469.6500 NSE
8 Sep 2025 GOLDMAN SACHS (SINGAPORE) PTE - ODI Block Sell 1,471,154 469.6500 NSE
4 Sep 2025 GOLDMAN SACHS BANK EUROPE SE - ODI Block Buy 1,552,506 505.2500 NSE
4 Sep 2025 GOLDMAN SACHS (SINGAPORE) PTE - ODI Block Sell 1,552,506 505.2500 NSE
2 Sep 2025 GOLDMAN SACHS BANK EUROPE SE - ODI Block Buy 1,894,144 495.3500 NSE
2 Sep 2025 GOLDMAN SACHS (SINGAPORE) PTE - ODI Block Sell 1,894,144 495.3500 NSE

All bulk and block deals →

Quarterly results, AGMs, buybacks and other board-approved business.

DatePurposeResults
28 Jul 2026 Financial Results/Dividend Yes
27 Apr 2026 Financial Results/Dividend Yes
3 Feb 2026 Financial Results/Dividend Yes
29 Oct 2025 Financial Results Yes
29 Jul 2025 Financial Results/Dividend Yes

Corporate Announcements

All 6 announcements, with search →

Exchange disclosures (NSE and BSE), most recent first.

DateCategoryAnnouncement
30 Sep 2026 Company Update Varun Beverages Ltd - 540180 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Update
25 Sep 2026 Insider Trading / SAST Varun Beverages Ltd - 540180 - Closure of Trading Window
18 Sep 2026 Company Update Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
15 Sep 2026 Company Update Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
11 Sep 2026 Company Update Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
9 Sep 2026 Company Update Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

All announcements →

SWOT

Tradinity's own rule-based read of the real ratios elsewhere on this page -- not a copy of any third party's, and never a forward-looking prediction.

Strengths

  • Strong net profit margin (22.1%)
  • Low financial leverage (Debt/Equity 0.13)
  • Comfortable interest coverage (135.6x)
  • Healthy liquidity (Current Ratio 1.94)

Weaknesses

Data unavailable.

Opportunities

Data unavailable.

Threats

  • PE above 35 (49.5) -- priced for continued strong execution

Single-stock futures and a real listed options chain available for this stock -- OI buildup, PCR, Max Pain and Greeks are all on the full F&O page.

Part of: NIFTY 100, NIFTY 100, NIFTY 200, NIFTY 200, NIFTY 500, NIFTY 500, NIFTY FMCG, NIFTY FMCG, NIFTY NEXT 50, NIFTY NEXT 50

Frequently asked questions about Varun Beverages Limited

Where is the share price?

The price at the top of this page is the last traded price from exchange data; during market hours it refreshes on its own. The Chart & Technicals section has the full price history.

Where are the financial results?

The Financials page has quarterly and annual results, ratios, cash flow and the balance sheet, on a standalone or consolidated basis.

Who owns the company?

The Ownership section shows the latest shareholding pattern from exchange filings, with promoter, FII, DII and public holdings by quarter.

Does Tradinity give buy or sell advice?

No. The scores and checklist on this page are rule-based summaries of published figures, not recommendations. Tradinity is not a registered investment adviser.