# Varun Beverages (NSE: VBL) share price, financials and shareholding

Source: https://app.pivotnow.in/stock/VBL · Pivot · prices to 22 Oct 2026

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

| Metric | Value |
| --- | --- |
| Last close | ₹403.20 |
| Market cap | ₹1,36,374 Cr |
| P/E (trailing) | 42.8 |
| ROE | 15.5% (FY26) |
| ROCE | 19.5% (FY26) |
| Debt to equity | 0.1 |
| 52-week high | ₹555.80 (17 Jun 2026) |
| 52-week low | ₹381.00 (23 Mar 2026) |
| 1-year return | −8.5% |

## Quarterly results (₹ crore, consolidated)

| Quarter | Revenue | Revenue YoY | Net profit | Net profit YoY | EPS (₹) |
| --- | --- | --- | --- | --- | --- |
| Q1 FY27 | ₹8,451 Cr | +20.4% | ₹1,530 Cr | +15.3% | ₹4.50 |
| Q4 FY26 | ₹6,574 Cr | +18.1% | ₹883 Cr | +20.6% | ₹2.58 |
| Q3 FY26 | ₹4,204 Cr | +14.0% | ₹263 Cr | +33.7% | ₹0.74 |
| Q2 FY26 | ₹4,897 Cr | +1.9% | ₹747 Cr | +18.8% | ₹2.19 |
| Q1 FY26 | ₹7,017 Cr | −2.5% | ₹1,327 Cr | +5.1% | ₹3.89 |
| Q4 FY25 | ₹5,567 Cr | +28.9% | ₹732 Cr | +33.5% | ₹2.15 |
| Q3 FY25 | ₹3,689 Cr | +38.3% | ₹196 Cr | +36.8% | ₹0.56 |
| Q2 FY25 | ₹4,805 Cr | +24.1% | ₹629 Cr | +22.2% | ₹1.91 |

## Annual results (₹ crore)

| Fiscal year | Revenue | Net profit |
| --- | --- | --- |
| FY26 | ₹21,685 Cr | ₹3,068 Cr |
| FY25 | ₹20,008 Cr | ₹2,636 Cr |
| FY24 | ₹16,043 Cr | ₹2,102 Cr |
| FY23 | ₹13,173 Cr | ₹1,550 Cr |
| FY22 | ₹8,823 Cr | ₹746 Cr |
| FY21 | ₹6,450 Cr | ₹424 Cr |

## Shareholding (30 Jun 2026)

- Promoters: 59.43%
- Foreign institutions: 19.03%
- Domestic institutions: 15.21%
- Non-institutions: 6.33%

## Peers

| Company | Price | Market cap | P/E | ROE |
| --- | --- | --- | --- | --- |
| [ITC](https://app.pivotnow.in/stock/ITC) | ₹260.70 | ₹3,26,643 Cr | 16.7 | 28.5% |
| [Nestle India](https://app.pivotnow.in/stock/NESTLEIND) | ₹1,194.10 | ₹2,30,260 Cr | 66 | 67.8% |
| [Britannia Industries](https://app.pivotnow.in/stock/BRITANNIA) | ₹4,642.20 | ₹1,11,816 Cr | 50 | 49.6% |
| [Marico](https://app.pivotnow.in/stock/MARICO) | ₹764.45 | ₹99,255 Cr | 56.3 | 41.9% |
| [TATA CONSUMER PRODUCTS](https://app.pivotnow.in/stock/TATACONSUM) | ₹957.15 | ₹94,724 Cr | 61.2 | 7.1% |
| [United Spirits](https://app.pivotnow.in/stock/UNITDSPR) | ₹1,295.00 | ₹94,192 Cr | 53.9 | 19.5% |

## Questions and answers

### 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.

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Sources: NSE end-of-day bars (Pivot's market data store); Company filings via Moneycontrol; Exchange shareholding-pattern filings. This is analysis, not financial advice. Pivot is not a broker or a SEBI-registered investment adviser.