Notes / Company

Varun Beverages Ltd.

VBL BSE 540180 ISIN INE200M01039 Consumer Food

Fundamentals

Market cap: ₹1.72 lakh cr
P/E: 53.95×
ROE: 15.51%
Debt / equity: 0.10
Div yield: 0.30%
52-week range: 381.00 — 555.80

Research on Tijori Finance

Company snapshot

Varun Beverages Ltd.

FMCG

₹1.72 L cr

P/E 53.95×

Latest quarter · Mar 2026

Sales₹6,722 cr

Net profit₹883 cr

Op. margin+22.8%

EPS₹2.58

Strength & growth

Debt / equity0.10×

Current ratio1.94×

Sales CAGR+32.2%

EPS CAGR+37.1%

The timeline — 2 notes on Varun Beverages Ltd.

June 2026

18 Jun 26 · 10:57 AM IST Brief

Brief · Mega cap

Varun Beverages to launch Asahi's CALPIS in India by H2 2026

The PepsiCo bottler enters dairy-based beverages with a century-old Japanese brand, though first cans won't hit shelves for over a year.

May 2026

21 May 26 · 7:52 PM IST Lead

Lead · Mega cap

Varun Beverages locks in PepsiCo rights until 2049, exits exclusivity

A revised agreement removes the restriction limiting the firm to PepsiCo-only operations, allowing long-term diversification.

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