Varun Beverages

Who are the top shareholders of the Varun Beverages?

The top shareholders of Varun Beverages include Rj Corp Limited with 25.69%, foreign institutional investors owning 22.98%, mutual funds at 5.77%, and individual investors at 5.81%, with the Government Pension Fund Global as the largest public shareholder at 2.16%. The ownership structure shows a strong presence of promoters and significant institutional investment.

The top shareholders of Varun Beverages include several key players. The majority shareholders are the promoters, with Rj Corp Limited holding the largest share at 25.69%. Additionally, foreign institutional investors (FIIs) have a significant presence, owning 22.98% of the shares through 959 different entities. Mutual funds hold 5.77% across 37 schemes, while individual investors account for 5.81%. The highest public shareholder is the Government Pension Fund Global, which holds 2.16%. Overall, the ownership structure reflects a strong promoter presence along with substantial institutional investment.

how big is Varun Beverages?

As of Jun 06, Varun Beverages Ltd has a market capitalization of 161,382.63 Cr, with net sales of 21,257.27 Cr and a net profit of 2,783.85 Cr for the latest four quarters. Shareholder's funds are 16,609.83 Cr, and total assets are 23,124.28 Cr as of Dec 2024.

Market Cap: As of Jun 06, Varun Beverages Ltd has a market capitalization of 161,382.63 Cr, classifying it as a Large Cap company.<BR><BR>Recent Quarterly Performance: For the latest four quarters, Varun Beverages reported net sales of 21,257.27 Cr and a net profit of 2,783.85 Cr. This data is consolidated.<BR><BR>Balance Sheet Snapshot: This is consolidated data for the latest annual period ending in Dec 2024. Shareholder's funds are reported at 16,609.83 Cr, while total assets amount to 23,124.28 Cr.

What is the bonus history of the Varun Beverages?

Varun Beverages has issued bonuses in a 1:2 ratio, with the most recent on June 6, 2022, and prior bonuses on June 10, 2021, and July 25, 2019. This consistent practice demonstrates the company's commitment to rewarding shareholders.

Varun Beverages has a history of issuing bonuses in a 1:2 ratio. The most recent bonus was announced on June 6, 2022, with a record date of June 7, 2022. Prior to that, the company issued a similar bonus on June 10, 2021, with a record date of June 12, 2021. Additionally, there was another 1:2 bonus issued on July 25, 2019, with a record date of July 27, 2019. This consistent bonus issuance reflects the company's strategy to reward its shareholders.

Is Varun Beverages overvalued or undervalued?

As of June 20, 2023, Varun Beverages is considered very expensive with a PE ratio of 57.96 and a year-to-date return of -25.44%, indicating it is overvalued compared to its peers in the beverage sector.

As of 20 June 2023, Varun Beverages' valuation grade has moved from expensive to very expensive, indicating a significant shift in its perceived market value. The company is currently overvalued, with a PE ratio of 57.96, a Price to Book Value of 9.71, and an EV to EBITDA ratio of 32.43. These figures suggest that the stock is trading at a premium compared to its earnings and book value.<BR><BR>In comparison to its peers, Varun Beverages stands out with a PE ratio of 57.96, while similar companies in the beverage sector exhibit lower valuations, reinforcing the notion of overvaluation. Additionally, the company's recent performance has been underwhelming, with a year-to-date return of -25.44%, contrasting sharply with the Sensex's gain of 5.61% during the same period. This further underscores the disconnect between its high valuation and actual market performance.

Who are the peers of the Varun Beverages?

Varun Beverages' peers include United Spirits, United Breweries, Radico Khaitan, and Sula Vineyards, among others. Varun has excellent management and growth, with a 1-year return of -24.82%, better than Sula Vineyards but worse than Radico Khaitan's 60.46%.

Peers: Varun Beverages, United Spirits, United Breweries, Radico Khaitan, Allied Blenders, Tilaknagar Inds., Globus Spirits, Som Distilleries, Sula Vineyards, Assoc.Alcohols, G M Breweries.<BR><BR>Quality Snapshot: Excellent management risk is observed at Varun Beverages, while Good management risk is found at United Spirits, Radico Khaitan, Allied Blenders, Globus Spirits, and Sula Vineyards, and the rest have Average management risk. Excellent growth is noted at Varun Beverages and Som Distilleries, while Good growth is seen at Allied Blenders and Tilaknagar Inds., and the rest have Below Average growth. Varun Beverages has a Good capital structure, while Excellent capital structure is observed at United Spirits, United Breweries, Radico Khaitan, and Assoc.Alcohols, and the rest have Average or Below Average capital structures.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Radico Khaitan at 60.46%, while Sula Vineyards has the lowest at -40.02%. Varun Beverages' 1-year return is -24.82%, which is better than Sula Vineyards but worse than Radico Khaitan. Additionally, the six-month return is negative for Varun Beverages, Tilaknagar Inds., and Sula Vineyards.

Who are in the management team of Varun Beverages?

As of December 2022, the management team of Varun Beverages includes Ravi Kant Jaipuria (Chairman), Varun Jaipuria (Executive Vice Chairman), and several directors, both executive and independent, along with a Company Secretary. Key members include Raj Pal Gandhi, Naresh Kumar Trehan, and Sita Khosla, among others.

As of December 2022, the management team of Varun Beverages includes:<BR><BR>1. Ravi Kant Jaipuria - Chairman (Non-Executive)<BR>2. Varun Jaipuria - Executive Vice Chairman<BR>3. Raj Pal Gandhi - Whole-time Director<BR>4. Naresh Kumar Trehan - Independent Director<BR>5. Pradeep Sardana - Independent Director<BR>6. Ravi Batra - Company Secretary & Compliance Officer<BR>7. Sita Khosla - Independent Director<BR>8. Ravi Gupta - Independent Director<BR>9. Rashmi Dhariwal - Independent Director<BR>10. Rajinder Jeet Singh Bagga - Whole-time Director<BR>11. Abhiram Seth - Additional Independent Director<BR>12. Anil Kumar Sondhi - Additional Independent Director<BR><BR>This team comprises a mix of executive and independent directors, along with key compliance personnel.

What does Varun Beverages do?

Varun Beverages Ltd is a major beverage company that produces and distributes PepsiCo-branded carbonated and non-carbonated drinks, recognized as the second largest PepsiCo franchisee outside the US. As of March 2025, it reported net sales of ₹55,669 Cr and a net profit of ₹7,265 Cr, with a market cap of ₹157,547 Cr.

Overview:<BR>Varun Beverages Ltd is a large-cap company in the beverages industry, primarily engaged in the production and distribution of carbonated soft drinks and non-carbonated beverages under PepsiCo trademarks.<BR><BR>History:<BR>Varun Beverages Ltd is part of the RJ Corp group and is recognized as the second largest franchisee of PepsiCo's beverages outside the US. The latest quarterly results reported are for March 2025, showcasing the company's performance in net sales and profit.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 55,669 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 7,265 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: INR 157,547 Cr (Large Cap)<BR><BR>Key Metrics:<BR>P/E: 58.00 <BR>Industry P/E: 63 <BR>Dividend Yield: 0.32% <BR>Debt-Equity: 0.02 <BR>Return on Equity: 15.62% <BR>Price to Book: 9.56 <BR><BR>Contact Details:<BR>Address: F-2/7 Okhla Industrial Area, Phase-I New Delhi New Delhi : 110020 <BR>Phone: 91-124-4643100/41706720-25 <BR>Email: complianceofficer@rjcorp.in <BR>Website: http://www.varunpepsi.com

Has Varun Beverages declared dividend?

Yes, Varun Beverages Ltd has declared a 25% dividend (₹0.5 per share) with an ex-date of August 1, 2025. Despite short-term fluctuations, the company has shown strong total returns over longer periods, particularly in the 2 to 5-year spans.

Yes, Varun Beverages Ltd has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 25%<BR>- Amount per share: 0.5<BR>- Ex-date: 01 Aug 25<BR><BR>Dividend Yield: 0.28%.<BR><BR>Total Returns by Period:<BR>In the 3-month period, Varun Beverages experienced a price return of 0.44%, a dividend return of 0.19%, resulting in a total return of 0.63%.<BR><BR>Over the 6-month period, the company had a price return of -2.63%, a dividend return of 0.27%, leading to a total return of -2.36%.<BR><BR>For the 1-year period, the price return was -17.19%, the dividend return was 0.46%, culminating in a total return of -16.73%.<BR><BR>In the 2-year period, Varun Beverages saw a price return of 62.44%, a dividend return of 1.55%, which resulted in a total return of 63.99%.<BR><BR>During the 3-year period, the company achieved a price return of 195.87%, a dividend return of 3.01%, leading to a total return of 198.88%.<BR><BR>For the 4-year period, the price return was 419.87%, with a dividend return of 7.96%, resulting in a total return of 427.83%.<BR><BR>In the 5-year period, Varun Beverages experienced a price return of 738.92%, a dividend return of 16.68%, culminating in a total return of 755.6%.<BR><BR>Overall, Varun Beverages has declared a significant dividend and has shown strong total returns over longer periods, particularly in the 2, 3, 4, and 5-year spans, indicating a positive performance trend despite some short-term fluctuations.

How has been the historical performance of Varun Beverages?

Varun Beverages has exhibited significant growth from December 2020 to December 2024, with net sales increasing from 6,450.14 crore to 20,007.65 crore, and profit after tax rising from 357.27 crore to 2,635.77 crore, indicating strong operational performance and financial health. Total assets also grew substantially, from 8,375.59 crore to 23,124.28 crore during the same period.

Answer:<BR>The historical performance of Varun Beverages shows significant growth in net sales and profitability over the years, culminating in a strong performance in December 2024.<BR><BR>Breakdown:<BR>Varun Beverages has demonstrated a consistent upward trend in net sales, increasing from 6,450.14 crore in December 2020 to 20,007.65 crore in December 2024. This growth is reflected in the total operating income, which rose from 8,823.23 crore in December 2021 to 20,007.65 crore in December 2024. The company's operating profit (PBDIT) also saw a substantial increase, reaching 4,832.34 crore in December 2024, up from 1,238.83 crore in December 2020. Profit before tax followed a similar trajectory, growing from 362.51 crore in December 2020 to 3,434.57 crore in December 2024, while profit after tax increased from 357.27 crore to 2,635.77 crore in the same period. The company's total assets rose significantly from 8,375.59 crore in December 2019 to 23,124.28 crore in December 2024, indicating robust growth in its financial position. Additionally, cash flow from operating activities improved from 1,011 crore in December 2020 to 3,381 crore in December 2024, contributing to a closing cash and cash equivalent of 2,266 crore in December 2024, up from 242 crore in December 2023. Overall, Varun Beverages has shown remarkable growth in sales, profits, and cash flow, reflecting its strong operational performance and financial health.

Is Varun Beverages technically bullish or bearish?

As of November 26, 2025, Varun Beverages shows a mildly bearish trend, supported by mixed MACD signals, bearish KST and OBV indicators, and Bollinger Bands indicating weak bearish sentiment.

As of 26 November 2025, the technical trend for Varun Beverages has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The MACD on a weekly basis is mildly bullish, but the monthly MACD is mildly bearish, indicating mixed signals. The moving averages are also showing a mildly bearish trend on the daily timeframe. Additionally, both the KST and OBV indicators are bearish on a weekly basis, further supporting the mildly bearish outlook. Bollinger Bands reflect a mildly bearish stance on the weekly and bearish on the monthly. Overall, the combination of these indicators suggests a weak bearish sentiment in the current market environment.

When is the next results date for Varun Beverages Ltd?

The next results date for Varun Beverages Ltd is February 3, 2026.

The next results date for Varun Beverages Ltd is scheduled for February 3, 2026.

Are Varun Beverages Ltd latest results good or bad?

Varun Beverages Ltd's latest Q3 FY26 results show strong year-on-year growth with a 35.99% increase in net profit and a 13.98% rise in net sales. However, sequentially, there was a significant decline in profit by 66.03% and a drop in sales by 14.14%, indicating short-term challenges despite positive long-term fundamentals.

Varun Beverages Ltd's latest results for Q3 FY26 present a mixed picture. On the positive side, the company reported a net profit of ₹251.79 crore, which is a significant increase of 35.99% year-on-year. Additionally, net sales grew by 13.98% year-on-year, reaching ₹4,204.42 crore. These figures indicate strong year-on-year growth, which is encouraging.<BR><BR>However, there are notable concerns. The sequential performance shows a sharp decline, with net profit dropping by 66.03% compared to the previous quarter, and net sales falling by 14.14%. The operating margin also contracted significantly, from 23.43% in Q2 FY26 to 15.20% in Q3 FY26, reflecting the seasonal challenges typical for beverage companies during the winter months.<BR><BR>Overall, while the year-on-year growth is commendable, the substantial sequential declines in profit and margins suggest that the company is facing significant short-term challenges. This mixed performance indicates that while the long-term fundamentals may remain strong, the immediate results could be viewed as disappointing.

Should I buy, sell or hold Varun Beverages Ltd?

Why is Varun Beverages Ltd falling/rising?

As of 16-Mar, Varun Beverages Ltd's stock price has risen to Rs 407.50, marking a 1.53% increase after a trend reversal. However, it has faced recent declines and bearish pressure, with a year-to-date drop of 16.81%, despite strong long-term growth indicators.

As of 16-Mar, Varun Beverages Ltd is experiencing a rise in its stock price, currently at Rs 407.50, reflecting an increase of Rs 6.15 or 1.53%. This upward movement follows a trend reversal after five consecutive days of decline, indicating a potential shift in market sentiment. Today, the stock outperformed its sector by 1% and reached an intraday high of Rs 416.4, which is a 3.75% increase from the previous close.<BR><BR>Despite this positive movement, the stock has faced significant challenges recently. Over the past week, it has declined by 6.84%, and its year-to-date performance shows a drop of 16.81%. The stock is also trading below its moving averages across various time frames, suggesting ongoing bearish pressure. Additionally, there has been a decrease in investor participation, with delivery volume falling by 4.28% against the five-day average.<BR><BR>On a fundamental level, Varun Beverages Ltd has strong long-term growth indicators, such as a robust average Return on Equity (ROE) of 21.43% and impressive annual sales growth of 27.44%. However, the company has also reported flat results in its latest financials, with a low Return on Capital Employed (ROCE) and a high Price to Book Value ratio, which may contribute to investor caution.<BR><BR>In summary, while Varun Beverages Ltd is currently rising in price, it faces significant headwinds from recent performance trends and investor sentiment, which could influence its future movements.

Which are the latest news on Varun Beverages?