Varun Beverages Ltd (VBL)
Fast Moving Consumer Goods · FMCG · NSE · Updated 1 October 2026
₹431.65↓ 2.55% (1Y)
🎯 Key Takeaways
- Revenue grew 28.6% QoQ to ₹8,451 in Q1FY27.
- Market Cap
- ₹1.46 L Cr
- P/E Ratio
- 43.1
- P/B Ratio
- 7.46
- ROE
- 17.3%
- ROCE
- 21.5%
- Debt/Equity
- 0.10
- Div Yield
- 0.12%
- Promoter
- 59.4%
📊 Quarterly Results (₹ Cr)
| Metric | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 4,897 | 4,204 | 6,574 | 8,451 |
| Operating Profit | 840 | 309 | 1,172 | 1,934 |
| OPM % | 17.1% | 7.3% | 17.8% | 22.9% |
| Net Profit | 745 | 260 | 879 | 1,525 |
| EPS | ₹2.19 | ₹0.74 | ₹2.58 | ₹4.50 |
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 676 | 650 | 676 | 676 |
| Reserves | 15,934 | 7,928 | 18,902 | 17,687 |
| Borrowings | 2,826 | 6,761 | 2,024 | 2,138 |
| Total Liabilities | 23,144 | 19,380 | 25,565 | 24,716 |
| Fixed Assets | 11,986 | 10,913 | 16,763 | 14,181 |
| Investments | 60 | 44 | 174 | 135 |
| Total Assets | 23,144 | 19,380 | 25,565 | 24,716 |
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2026 |
|---|---|
| Operating | +3,509 |
| Investing | -2,735 |
| Financing | -1,266 |
| Net Cash Flow | -492 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 59.4% | 59.4% | 59.4% | 59.4% |
| FII | 21.9% | 20.3% | 19.5% | 19.0% |
| DII | 11.8% | 13.6% | 14.4% | 15.2% |
| Public | 5.4% | 5.2% | 5.2% | 4.9% |
| # Shareholders | 9,02,881 | 8,72,933 | 8,77,604 | 8,13,548 |
⚖️ Peer Comparison — FMCG
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| HINDUNILVR | 4.42 L Cr | 29.6 | 29.8% | — | 0.00 |
| ITC | 3.30 L Cr | 16.6 | 36.0% | — | 0.03 |
| NESTLEIND | 2.53 L Cr | 66.4 | 99.2% | — | 0.00 |
| VBL | 1.46 L Cr | 43.1 | 21.5% | — | 0.10 |
| LENSKART | 1.19 L Cr | 179.3 | 11.9% | — | 0.03 |
| BRITANNIA | 1.16 L Cr | 44.5 | 54.1% | — | 0.27 |
| MARICO | 1.02 L Cr | 53.9 | 54.2% | — | 0.08 |
| TATACONSUM | 94,313 | 57.7 | 10.2% | — | 0.10 |
| GODREJCP | 87,380 | 45.6 | 17.8% | — | 0.33 |
| DABUR | 67,588 | 34.3 | 21.3% | — | 0.09 |
🔗 Peer Stock Analyses
📋 Recent Filings
- 🔴 Announcement2026-09-30Varun Beverages disclosed that its South African subsidiary Bevco's planned acquisition of Crickley Dairy has been referred to arbitration due to miss…
- Announcement2026-09-25Varun Beverages Ltd announced that its trading window will close on October 1, 2026, and remain shut for 48 hours after the quarter and nine-month fin…
- 🔴 Announcement2026-09-24Varun Beverages announced its Zimbabwean subsidiary signed an exclusive distribution deal with Mondelez South Africa for chocolate, biscuits, candy an…
- 🔴 Announcement2026-09-24Varun Beverages announced the resignation of Chief Operating Officer Manmohan Rupal Paul effective September 24, 2026, following his resignation lette…
- 🔴 Announcement2026-09-18Varun Beverages announced it will host an investor meeting in Gurugram on September 25, 2026, featuring management participants Mr. Raj Gandhi, Mr. De…
- 🔴 Announcement2026-09-15Varun Beverages Limited announced it will host investor meetings in Hong Kong from September 21 to 23, 2026, featuring management participants Mr. Raj…
- 🔴 Announcement2026-09-14Varun Beverages announced its Kenya subsidiary will launch two new beverage brands, BOLT UP (energy drink) and XTREME FIZZ (carbonated soft drink), as…
- 🔴 Corporate Action2026-09-11Varun Beverages approved the allotment of 29,750 equity shares of Rs 2 face value each to eligible employees under the 2016 ESOP scheme, increasing th…
- 🔴 Announcement2026-09-09Varun Beverages announced it will host an investor meeting on September 16, 2026 in Gurugram with management including Mr. Raj Gandhi, Mr. Deepak Daba…
- 🟡 Board Meeting2026-08-31Varun Beverages announced incorporation of its wholly-owned subsidiary KIVA Spirits and Company Limited, as disclosed in an August 31, 2026 filing to …
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-10-01.
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This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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