Varun Beverages Ltd
VBLVarun Beverages Ltd
VBL
Price Chart
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 71.13 | 25.52 | 0.18% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 49.30 | 9.68 | 1.52% |
Forecast & Ratings
Detailed Forecast from 22 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Varun Beverages Ltd is a franchisee bottler of carbonated soft drinks and non-carbonated beverages sold under trademarks owned by PepsiCo. The Company produces and distributes products, such as Pepsi, Diet Pepsi and Seven-Up.
Investor Presentation
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ Thousand cr.
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Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 3,441.59 | 3,899.29 | 4,017.40 | 6,077.31 | 8,558.92 | 7,591.61 | 8,891.16 | 13,211.99 | 16,121.94 | 19,072.50 | ||||||||||
Raw Materials | 1,745.46 | 1,769.74 | 1,883.28 | 2,306.50 | 3,363.29 | 2,781.10 | 4,134.38 | 6,605.66 | 7,489.16 | 14,437.95 | ||||||||||
| Power & Fuel Cost | 131.15 | 156.22 | 160.04 | 194.80 | 279.06 | 267.00 | 329.93 | 479.22 | 550.29 | |||||||||||
| Employee Cost | 323.75 | 421.03 | 462.84 | 582.95 | 810.82 | 889.74 | 1,007.70 | 1,216.64 | 1,446.59 | |||||||||||
| Selling & Administrative Expenses | 425.70 | 543.41 | 526.26 | 1,693.10 | 2,370.75 | 2,091.99 | 1,366.62 | 1,795.94 | 2,254.41 | |||||||||||
| Operating & Other expenses | 137.37 | 172.61 | 132.80 | 258.29 | 225.79 | 376.84 | 307.69 | 269.61 | 669.63 | |||||||||||
EBITDA | 678.16 | 836.28 | 852.18 | 1,041.67 | 1,509.21 | 1,184.94 | 1,744.84 | 2,844.92 | 3,711.86 | 4,634.55 | ||||||||||
| Depreciation/Amortization | 317.41 | 322.21 | 346.64 | 385.07 | 488.63 | 528.70 | 531.26 | 617.19 | 680.91 | 852.58 | ||||||||||
| PBIT | 360.75 | 514.07 | 505.54 | 656.60 | 1,020.58 | 656.24 | 1,213.58 | 2,227.73 | 3,030.95 | 3,781.97 | ||||||||||
| Interest & Other Items | 170.15 | 434.74 | 214.59 | 222.80 | 324.31 | 293.74 | 206.97 | 204.09 | 291.60 | 415.05 | ||||||||||
| PBT | 190.60 | 79.33 | 290.95 | 433.80 | 696.27 | 362.50 | 1,006.61 | 2,023.64 | 2,739.35 | 3,366.92 | ||||||||||
| Taxes & Other Items | 77.56 | 36.96 | 80.81 | 140.95 | 227.30 | 33.51 | 312.55 | 526.21 | 683.44 | 825.47 | ||||||||||
| Net Income | 113.04 | 42.37 | 210.14 | 292.85 | 468.97 | 328.99 | 694.06 | 1,497.43 | 2,055.91 | 2,541.45 | ||||||||||
| EPS | 0.03 | 0.02 | 0.68 | 0.95 | 1.48 | 1.01 | 2.14 | 4.61 | 6.33 | 7.82 | ||||||||||
| DPS | 0.00 | 0.00 | 0.15 | 0.15 | 0.22 | 0.22 | 0.33 | 0.70 | 1.00 | 1.00 | ||||||||||
| Payout ratio | 0.00 | 0.00 | 0.22 | 0.16 | 0.15 | 0.22 | 0.16 | 0.15 | 0.16 | 0.13 |
Company Updates
Annual report
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PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFInvestor Presentation
Investor Presentation
Peers & Comparison
Consumer StaplesSoft Drinks
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Varun Beverages Ltd | 87.93 | 25.52 | 0.18% |
| Orient Beverages Ltd | 1,328.24 | 3.63 | — |
| Velox Shipping and Logistics Ltd | 75.35 | 1.80 | — |
Price Comparison
Compare VBL with any stock or ETFShareholdings
Promoter Holdings Trend
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 1.08%
Shareholding Pattern
Jun 2024
Sep 2024
Nov 2024
Dec 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 1.45%
Top 5 Mutual Funds holding Varun Beverages Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Nippon India Growth Fund - Growth Option - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4184% | Percentage of the fund’s portfolio invested in the stock 2.17% | Change in the portfolio weight of the stock over the last 3 months 0.54% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 7/102 (+3) |
Tata Large & Mid Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2394% | Percentage of the fund’s portfolio invested in the stock 5.26% | Change in the portfolio weight of the stock over the last 3 months 0.51% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 2/54 (0) |
Axis Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1482% | Percentage of the fund’s portfolio invested in the stock 2.11% | Change in the portfolio weight of the stock over the last 3 months 0.33% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 40/70 (-1) |
Compare 3-month MF holding change on Screener
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Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 9, 2024
Dividend/Share
₹1.25
Ex DateEx Date
Aug 9, 2024
Cash Dividend
Ex DateEx DateApr 4, 2024
Dividend/Share
₹1.25
Ex DateEx Date
Apr 4, 2024
Cash Dividend
Ex DateEx DateAug 14, 2023
Dividend/Share
₹1.25
Ex DateEx Date
Aug 14, 2023
Cash Dividend
Ex DateEx DateApr 12, 2023
Dividend/Share
₹1.00
Ex DateEx Date
Apr 12, 2023
Cash Dividend
Ex DateEx DateAug 11, 2022
Dividend/Share
₹2.50
Ex DateEx Date
Aug 11, 2022
Varun Beverages Ltd dropped for a fifth straight session today. The stock is quoting at Rs 598.35, down 1.17% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.02% on the day, quoting at 23521.8. The Sensex is at 77676.23, up 0.07%.Varun Beverages Ltd has lost around 7.08% in last one month.Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has increased around 0.79% in last one month and is currently quoting at 57495.6, down 0.49% on the day. The volume in the stock stood at 24.25 lakh shares today, compared to the daily average of 45.98 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 600.85, down 1.07% on the day. Varun Beverages Ltd jumped 17.04% in last one year as compared to a 8.66% rally in NIFTY and a 1.75% spurt in the Nifty FMCG index.The PE of the stock is 91.7 based on TTM earnings ending September 24.Powered by Capital Market - Live
Varun Beverages has allotted 41,250 equity shares under ESOP on 16 December 2024. Consequent to the aforesaid allotment, the paid-up shares of the Company is increased from 338,14,68,767 equity shares to 338,15,10,017 equity shares having face value of Rs. 2/- each. Powered by Capital Market - Live
Varun Beverages Ltd rose for a third straight session today. The stock is quoting at Rs 633.05, up 3.8% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.25% on the day, quoting at 23745.85. The Sensex is at 78340.19, up 1.29%. Varun Beverages Ltd has added around 9.44% in last one month. Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has added around 5.68% in last one month and is currently quoting at 56314.35, up 0.96% on the day. The volume in the stock stood at 61.31 lakh shares today, compared to the daily average of 54.56 lakh shares in last one month.The PE of the stock is 88.84 based on TTM earnings ending September 24.Powered by Capital Market - Live
Varun Beverages has launched a QIP issue on 13 November 2024 with floor price of Rs 594.56 per equity share. Powered by Capital Market - Live
The floor price of Rs 594.56 is at a premium of 4.71% to the previous day's closing price of Rs 567.80 on the BSE. The company stated that it may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined by the company in consultation with the book running lead managers appointed for the issue. Varun Beverages is a key player in beverage industry and one of the largest franchisees of PepsiCo in the world (outside USA). As on date, VBL has been granted franchises for various PepsiCo products across 27 States and 7 Union Territories in India. VBL has also been granted the franchise for various PepsiCo products for the territories of Nepal, Sri Lanka, Morocco, Zambia and Zimbabwe. The company had reported 23.7% jump in consolidated net profit to Rs 619.61 crore on 24.1% rise in revenue from operations (excluding excise duty) to Rs 4,804.68 crore in Q3 CY25 over Q3 CY24.Powered by Capital Market - Live
Varun Beverages Ltd is down for a fifth straight session today. The stock is quoting at Rs 573.95, down 1.77% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Varun Beverages Ltd has lost around 2.99% in last one month.Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has eased around 9.2% in last one month and is currently quoting at 56902.55, down 0.47% on the day. The volume in the stock stood at 41.18 lakh shares today, compared to the daily average of 49.15 lakh shares in last one month.The PE of the stock is 85.03 based on TTM earnings ending September 24.Powered by Capital Market - Live
Varun Beverages has allotted 48,000 equity shares under ESOS on 22 October 2024. Consequent to the aforesaid allotment, the paid-up shares of the Company is increased from 324,86,77,405 equity shares to 324,87,25,405 equity shares having face value of Rs. 2/- each. Powered by Capital Market - Live
Net profit of Varun Beverages rose 23.66% to Rs 619.61 crore in the quarter ended September 2024 as against Rs 501.07 crore during the previous quarter ended September 2023. Sales rose 24.14% to Rs 4804.68 crore in the quarter ended September 2024 as against Rs 3870.52 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales4804.683870.52 24 OPM %23.9622.78 - PBDT1056.74837.73 26 PBT800.13666.92 20 NP619.61501.07 24 Powered by Capital Market - Live
Net profit of Varun Beverages rose 18.46% to Rs 492.34 crore in the quarter ended September 2024 as against Rs 415.61 crore during the previous quarter ended September 2023. Sales rose 6.72% to Rs 3086.84 crore in the quarter ended September 2024 as against Rs 2892.38 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3086.842892.38 7 OPM %25.9524.45 - PBDT802.50682.59 18 PBT645.19554.61 16 NP492.34415.61 18 Powered by Capital Market - Live
Varun Beverages will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 2.46%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant