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Varun Beverages Ltd

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Varun Beverages Ltd

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Consumer Staples Beverages
  • Price (INR)456.95
  • Today's Change1.15 / 0.25%
  • Shares traded929.39k
  • 1 Year change-2.40%
  • Beta0.9184
Data delayed at least 15 minutes, as of Feb 18 2026 06:41 GMT.
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Important Notice
Please note that effective 5th February, 2026 the Financial Times will no longer publish or present securities from the Nairobi Stock Exchange.

Profile data is unavailable for this security.

About the company

Varun Beverages Limited is an India-based company, which is a franchisee of PepsiCo. It produces and distributes a range of carbonated soft drinks (CSDs), as well as non-carbonated beverages (NCBs), including packaged drinking water sold under trademarks owned by PepsiCo. PepsiCo CSD brands produced and sold by the Company include Pepsi, Pepsi Black, Mountain Dew, Sting, Seven-Up, Mirinda Orange, Seven-Up Nimbooz Masala Soda and Evervess. PepsiCo NCB brands produced and sold by it include Tropicana Slice, Tropicana Juices (100% and Delight), Seven-Up Nimbooz, Gatorade as well as packaged drinking water under the brand Aquafina. It is also engaged in co-manufacturing of Kurkure puffcorn in India. It has approximately 36 manufacturing plants in India and over 12 manufacturing plants in international geographies. Its subsidiaries include Varun Beverages (Nepal) Private Limited, The Beverage Company Proprietary Limited, and Varun Beverages Lanka (Private) Limited, and others.

  • Revenue in INR (TTM)222.26bn
  • Net income in INR30.36bn
  • Incorporated1995
  • Employees11.04k
  • Location
    Varun Beverages LtdPlot No. 31Institutional Area, Sector - 44GURGAON 122002IndiaIND
  • Phone+91 1 244643400
  • Fax+91 1 244642203
  • Websitehttps://www.varunbeverages.com/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
VBL:NSI since
announced
Transaction
value
Twizza Pty LtdAnnounced21 Dec 202521 Dec 2025Announced-2.77%--
Everest Industrial Lanka Pvt LtdDeal completed19 May 202519 May 2025Deal completed-8.93%3.75m
Data delayed at least 15 minutes, as of Feb 18 2026 06:41 GMT.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Uni-President China Holdings Ltd420.08bn28.52bn397.35bn33.65k13.932.369.340.94590.56840.56848.373.361.4312.0648.281,071,444.009.697.1116.0511.0932.8631.856.795.820.7521--0.1491109.046.096.6110.926.246.387.27
Coca-Cola Bottlers Japan Holdings Inc531.96bn-30.42bn400.05bn14.08k--1.72--0.752-294.72-294.725,166.302,293.721.196.537.0163,873,330.00-6.77-0.4807-9.03-0.595645.0144.66-5.71-0.50510.9104-364.400.2577--2.770.06290.65---18.481.17
Suntory Beverage & Food Ltd1.01tn52.47bn879.26bn22.45k16.761.137.680.8668287.13287.135,551.594,258.740.80248.394.84--5.155.547.488.2037.4238.266.426.691.0382.340.010735.511.107.80-5.1011.198.519.00
Swire Pacific Ltd1.02tn14.19bn1.16tn87.00k94.060.416818.481.130.84740.847463.87191.200.18852.937.351,013,563.000.23361.910.30582.4637.0837.841.249.620.65841.640.248588.26-13.56-0.8752-85.02-13.640.20722.23
Varun Beverages Ltd222.26bn30.36bn1.55tn11.04k51.067.9136.216.978.978.9765.6057.890.91263.5721.22--12.5713.1915.3817.7153.8650.2313.7812.401.2121.830.112715.248.5227.6617.0355.9737.3846.51
Eastroc Beverage (Group) Co Ltd264.43bn57.56bn1.81tn10.99k31.4415.65--6.848.428.4238.7016.920.917823.94182.771,832,002.0019.9717.0353.3137.8343.9244.0821.7618.530.8041--0.456741.9940.6330.3563.0942.2827.12--
Nongfu Spring Co Ltd608.98bn177.47bn6.30tn20.00k35.5115.2928.8210.351.361.364.663.160.76954.5060.242,621,471.0022.4224.7245.5339.9458.9958.6929.1426.340.6666232.010.126770.010.536212.300.362719.6314.29--
Data as of Feb 18 2026. Currency figures normalised to Varun Beverages Ltd's reporting currency: Indian Rupee INR

Institutional shareholders

10.26%Per cent of shares held by top holders
HolderShares% Held
Norges Bank Investment Managementas of 30 Jun 202565.13m1.93%
The Vanguard Group, Inc.as of 04 Feb 202652.23m1.54%
Nippon Life India Asset Management Ltd. (Invt Mgmt)as of 31 Dec 202551.85m1.53%
SBI Funds Management Ltd.as of 31 Jan 202636.59m1.08%
BlackRock Fund Advisorsas of 06 Feb 202633.37m0.99%
SBI Life Insurance Co. Ltd. (Investment Portfolio)as of 31 Dec 202524.11m0.71%
Canara Robeco Asset Management Co., Ltd. (Invt Mgmt)as of 31 Jan 202623.99m0.71%
Schroder Investment Management Ltd.as of 31 Dec 202521.60m0.64%
Mirae Asset Investment Managers (India) Pvt Ltd.as of 31 Jan 202619.75m0.58%
Tata Asset Management Pvt Ltd.as of 31 Jan 202618.51m0.55%
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Data from 31 Dec 2025 - 10 Feb 2026Source: FactSet Research Systems Inc.
Data Provided by LSEG
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