Varun Beverages share price
NSE: VBLFMCGBeverages - Non - Alcoholic
Varun Beverages at a glance
Varun Beverages (NSE: VBL) closed at ₹403.20 on 22 Oct 2026, down 1.27% on the day. With a market capitalisation of ₹1,36,374 Cr, it ranks 67th by market cap among the 4,183 NSE companies Pivot tracks (a large-cap company by SEBI's rank bands). It belongs to the FMCG sector; its industry is Beverages - Non - Alcoholic.
At its last close the stock traded at 42.8× trailing earnings, against a return on equity of 15.5% in FY26. Over the past year the share price has fallen 8.5%. Its 52-week range is ₹381.00 (23 Mar 2026) to ₹555.80 (17 Jun 2026); the last close is 27.5% below the high. In Q1 FY27, the quarter ended 30 Jun 2026, revenue was ₹8,451 Cr (+20.4% year on year) and net profit ₹1,530 Cr (+15.3%), on a consolidated basis. Promoters held 59.43% of the company as of 30 Jun 2026.
Key numbers
- Market cap
- ₹1,36,374 CrRank 67 on NSE
- P/E (trailing)
- 42.8×
- Price to book
- 8.46×FY26
- EPS (TTM)
- ₹10.01to Q1 FY27
- ROE
- 15.5%FY26
- ROCE
- 19.5%FY26
- Debt to equity
- 0.1FY26
- Net profit margin
- 14.1%FY26
- Book value / share
- ₹57.89FY26
- Dividend payout
- 16.7%FY26
- 52-week high
- ₹555.8017 Jun 2026
- 52-week low
- ₹381.0023 Mar 2026
- 1-year return
- −8.5%
- RSI (14-day)
- 34.1
Returns to 22 Oct 2026
| Period | 1 day | 1 week | 1 month | 3 months | 1 year |
|---|---|---|---|---|---|
| Price change | −1.27% | −8.5% | −5.3% | −12.7% | −8.5% |
Varun Beverages quarterly results
| Quarter | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4,805 Cr | ₹3,689 Cr | ₹5,567 Cr | ₹7,017 Cr | ₹4,897 Cr | ₹4,204 Cr | ₹6,574 Cr | ₹8,451 Cr |
| Revenue YoY | +24.1% | +38.3% | +28.9% | −2.5% | +1.9% | +14.0% | +18.1% | +20.4% |
| Net profit | ₹629 Cr | ₹196 Cr | ₹732 Cr | ₹1,327 Cr | ₹747 Cr | ₹263 Cr | ₹883 Cr | ₹1,530 Cr |
| Net profit YoY | +22.2% | +36.8% | +33.5% | +5.1% | +18.8% | +33.7% | +20.6% | +15.3% |
| Net margin | 13.1% | 5.3% | 13.1% | 18.9% | 15.3% | 6.2% | 13.4% | 18.1% |
| EPS | ₹1.91 | ₹0.56 | ₹2.15 | ₹3.89 | ₹2.19 | ₹0.74 | ₹2.58 | ₹4.50 |
Varun Beverages financials
| Item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Revenue | ₹6,450 Cr | ₹8,823 Cr | ₹13,173 Cr | ₹16,043 Cr | ₹20,008 Cr | ₹21,685 Cr |
| Operating profit | ₹429 Cr | ₹1,007 Cr | ₹2,024 Cr | ₹2,740 Cr | ₹3,435 Cr | ₹4,016 Cr |
| Net profit | ₹424 Cr | ₹746 Cr | ₹1,550 Cr | ₹2,102 Cr | ₹2,636 Cr | ₹3,068 Cr |
| EPS (₹) | ₹11.00 | ₹16.00 | ₹23.00 | ₹16.00 | ₹8.00 | ₹9.00 |
| Cash from operations | ₹1,012 Cr | ₹1,231 Cr | ₹1,790 Cr | ₹2,391 Cr | ₹3,381 Cr | ₹3,509 Cr |
| Total debt | ₹1,980 Cr | ₹1,813 Cr | ₹1,727 Cr | ₹3,189 Cr | ₹841 Cr | ₹540 Cr |
| Shareholders' equity | ₹3,524 Cr | ₹4,080 Cr | ₹5,102 Cr | ₹6,936 Cr | ₹16,610 Cr | ₹19,578 Cr |
Varun Beverages shareholding pattern
| Holder | 31 Mar 2025 | 30 Jun 2025 | 30 Sep 2025 | 31 Dec 2025 | 31 Mar 2026 | 30 Jun 2026 |
|---|---|---|---|---|---|---|
| Promoters | 60.23% | 59.82% | 59.44% | 59.44% | 59.44% | 59.43% |
| Foreign institutions | 22.98% | 21.85% | 21.93% | 20.31% | 19.51% | 19.03% |
| Domestic institutions | 9.21% | 10.52% | 11.79% | 13.56% | 14.40% | 15.21% |
| Non-institutions | 7.58% | 7.80% | 6.84% | 6.70% | 6.65% | 6.33% |
| Promoter shares pledged | 0.04% | 0.04% | 0.04% | 0.04% | 0.00% | 0.00% |
Varun Beverages vs peers
The listed FMCG companies nearest to Varun Beverages by market capitalisation.
| Company | Price | 1 day | 1 year | Market cap | P/E | ROE |
|---|---|---|---|---|---|---|
| ITCITC | ₹260.70 | −0.15% | −31.1% | ₹3,26,643 Cr | 16.7 | 28.5% |
| NESTLEINDNestle India | ₹1,194.10 | −1.80% | +1.6% | ₹2,30,260 Cr | 66 | 67.8% |
| VBLVarun Beverages | ₹403.20 | −1.27% | −8.5% | ₹1,36,374 Cr | 42.8 | 15.5% |
| BRITANNIABritannia Industries | ₹4,642.20 | −0.70% | −20.0% | ₹1,11,816 Cr | 50 | 49.6% |
| MARICOMarico | ₹764.45 | −1.11% | +8.1% | ₹99,255 Cr | 56.3 | 41.9% |
| TATACONSUMTATA CONSUMER PRODUCTS | ₹957.15 | −1.32% | −14.0% | ₹94,724 Cr | 61.2 | 7.1% |
| UNITDSPRUnited Spirits | ₹1,295.00 | 0.00% | −0.6% | ₹94,192 Cr | 53.9 | 19.5% |
Ask anything about Varun Beverages
Pivot answers on the live chart with evidence you can check, and tests strategies against VBL's own history. Try: “Why has VBL moved over the last three months?” · “Backtest a 50-day moving-average crossover on VBL over five years” · “Compare VBL with ITC on margins and valuation”
Frequently asked questions about Varun Beverages
What is the share price of Varun Beverages today?
Varun Beverages (NSE: VBL) last closed at ₹403.20 on 22 Oct 2026. Its 52-week high is ₹555.80 and its 52-week low is ₹381.00.
What is the market cap of Varun Beverages?
Varun Beverages' market capitalisation is ₹1,36,374 Cr (₹1.36 lakh Cr) at the 22 Oct 2026 close, ranking 67th among the NSE companies Pivot tracks.
What is the P/E ratio of Varun Beverages?
Varun Beverages trades at a trailing P/E of 42.8. The median P/E of the 6 closest FMCG peers by market cap is 56.3.
What is the ROE and ROCE of Varun Beverages?
Return on equity was 15.5% in FY26 and return on capital employed was 19.5% in FY26 (consolidated figures).
Is Varun Beverages a debt-free company?
No. Varun Beverages' debt-to-equity ratio was 0.1 in FY26, with total debt of ₹540 Cr.
What were Varun Beverages' latest quarterly results?
For Q1 FY27 (quarter ended 30 Jun 2026), Varun Beverages reported revenue of ₹8,451 Cr, +20.4% year on year, and net profit of ₹1,530 Cr, +15.3% year on year.
How has Varun Beverages stock performed over the last year?
Varun Beverages' share price has fallen 8.5% over the past year, −12.7% over three months and −5.3% over one month, to the 22 Oct 2026 close.
What is the shareholding pattern of Varun Beverages?
As of 30 Jun 2026: promoters 59.43%, foreign institutions 19.03%, domestic institutions 15.21%, non-institutions 6.33%.
Who are Varun Beverages' competitors?
The listed FMCG companies closest to Varun Beverages by market cap are ITC, Nestle India, Britannia Industries, Marico, TATA CONSUMER PRODUCTS and United Spirits.
Is Varun Beverages a good stock to buy?
Pivot does not give buy or sell recommendations. This page sets out Varun Beverages' price history, valuation, profitability, quarterly results and ownership so you can judge it yourself, and Pivot's chart lets you test a strategy on VBL against its own history before risking money. This is analysis, not financial advice.
Sources and method
Prices: NSE daily closes to 22 Oct 2026 (returns and ratios at the 22 Oct 2026 close). Fundamentals: company filings via Moneycontrol, consolidated where available. Shareholding: exchange shareholding-pattern filings. The 52-week range uses intraday highs and lows; the chart marks closing prices. P/E is the last close over trailing twelve-month EPS. Market-cap rank is among the 4,183 NSE companies Pivot tracks; SEBI's bands call the top 100 large-cap and the next 150 mid-cap. Figures marked “—” are not available rather than zero. This is analysis, not financial advice.
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