Varun Beverages Ltd (VBL)
🎯 Key Takeaways
- Revenue grew 28.6% QoQ to ₹8,451 in Q1FY27.
📊 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 | 650 | 676 | 676 | 676 |
| Reserves | 7,928 | 15,934 | 17,687 | 18,902 |
| Borrowings | 6,761 | 2,826 | 2,138 | 2,024 |
| Total Liabilities | 19,380 | 23,144 | 24,716 | 25,565 |
| Fixed Assets | 10,913 | 11,986 | 14,181 | 16,763 |
| Investments | 44 | 60 | 135 | 174 |
| Total Assets | 19,380 | 23,144 | 24,716 | 25,565 |
💰 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 | 4.72 L Cr | 31.6 | 29.8% | 30.7% | 0.00 |
| ITC | 3.33 L Cr | 16.8 | 36.0% | 27.8% | 0.03 |
| NESTLEIND | 2.81 L Cr | 73.6 | 99.2% | 73.9% | 0.00 |
| VBL | 1.40 L Cr | 41.4 | 21.5% | 17.4% | 0.10 |
| BRITANNIA | 1.28 L Cr | 49.1 | 54.1% | 51.1% | 0.27 |
| LENSKART | 1.11 L Cr | 166.1 | 11.9% | 7.7% | 0.03 |
| MARICO | 1.08 L Cr | 56.8 | 54.2% | 46.4% | 0.08 |
| TATACONSUM | 1.03 L Cr | 63.0 | 10.2% | 8.0% | 0.10 |
| GODREJCP | 93,468 | 48.8 | 17.8% | 15.1% | 0.33 |
| DABUR | 68,297 | 34.6 | 21.3% | 17.1% | 0.09 |
🔗 Peer Stock Analyses
📋 Recent Filings
-
🟡 Board Meeting 25 August 2026Varun Beverages announced board approval to create a new Indian RTD alcoholic subsidiary (KIVA Spirits) with Rs 9 crore paid-up capital and a Tunisian...
-
🟡 Board Meeting 17 August 2026Varun Beverages announced the completion of the merger between its step-down subsidiary Twizza and holding company Bevco, effective August 17, 2026, f...
-
Announcement 11 August 2026Varun Beverages Limited disclosed that its sustainability arm received an ESG rating of 63 for FY 2026, up from 62 in FY 2025, as per NSE Sustainabili...
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Announcement 10 August 2026Varun Beverages Limited announced it will attend the Motilal Oswal 22nd Annual Global Investor Conference in Mumbai on August 17, 2026, with managemen...
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🔴 Financial Results 4 August 2026Varun Beverages reported 20.4% YoY net revenue growth to Rs. 84,512.3 million in Q2 2026, driven by 19.8% volume growth and 17.2% EBITDA increase to R...
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Announcement 4 August 2026Varun Beverages announced the incorporation of a new Zimbabwean joint venture company, Varun Beverages Holding (Zimbabwe) Private Limited, effective A...
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Announcement 1 August 2026Varun Beverages Limited announced the successful completion of its acquisition of Devyani Food Industries Kenya's value-added dairy, juice, and packag...
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🟡 Board Meeting 28 July 2026Varun Beverages Limited announced the outcome of its Board meeting held on July 28, 2026, where it approved unaudited financial results for H1 FY2026,...
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🔴 Financial Results 28 July 2026Varun Beverages reported a 20.4% YoY rise in consolidated net revenue to Rs. 84,512.3 million for Q2 CY2026, driven by 19.8% volume growth and improve...
-
encumbrance 28 July 2026Varun Beverages Limited announced that an audio recording of its Investors & Analysts Conference Call held on July 28, 2026, following the release of ...
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-01.
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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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