Varun Beverages (VBL.NS) Stock Price
Varun Beverages Price
Revenue has compounded at 21.1% per year over the past 13 years to 216.85 B INR. Earnings per share have grown at 44.6% per year over the last 13 years. Varun Beverages's net margin stands at 14.0%, up from 7.9% several years earlier. Varun Beverages currently offers a dividend yield of about 0.36%. The payout ratio is around 17% of earnings. The dividend has grown at 33.6% per year over the past 8 years. Analysts set a median price target of 569.16 INR, implying 37.4% above the current price. Of 28 analysts, 25 rate the stock a buy — an overall Buy consensus. The stock trades about 8% above its 52-week low.
Varun Beverages stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of Varun Beverages over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Varun Beverages stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Varun Beverages's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | Varun Beverages Price |
|---|---|
| 9/15/2026 | 414.30 INR |
| 9/11/2026 | 416.50 INR |
| 9/10/2026 | 410.50 INR |
| 9/9/2026 | 407.00 INR |
| 9/8/2026 | 405.70 INR |
| 9/7/2026 | 405.95 INR |
| 9/4/2026 | 407.60 INR |
| 9/3/2026 | 407.15 INR |
| 9/2/2026 | 407.70 INR |
| 9/1/2026 | 405.85 INR |
| 8/31/2026 | 408.55 INR |
| 8/28/2026 | 414.00 INR |
| 8/27/2026 | 419.90 INR |
| 8/26/2026 | 421.25 INR |
| 8/25/2026 | 438.00 INR |
| 8/24/2026 | 428.00 INR |
| 8/21/2026 | 430.10 INR |
| 8/20/2026 | 438.30 INR |
| 8/19/2026 | 436.15 INR |
| 8/18/2026 | 439.30 INR |
| 8/17/2026 | 433.85 INR |
| 8/14/2026 | 435.00 INR |
| 8/13/2026 | 439.35 INR |
| 8/11/2026 | 437.00 INR |
| 8/10/2026 | 445.50 INR |
| 8/7/2026 | 442.00 INR |
| 8/6/2026 | 444.00 INR |
| 8/5/2026 | 437.00 INR |
| 8/4/2026 | 444.65 INR |
| 7/31/2026 | 442.30 INR |
Varun Beverages Revenue, EBIT, Net Income
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Varun Beverages Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEB INR |
|---|
| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEB INR |
| EBITB INR |
| EBIT MARGIN% |
| NET INCOMEB INR |
| NET INCOME GROWTH% |
| DIVIDENDDIV.INR |
| DIVIDEND GROWTHDIV. GROWTH% |
| SHARESB |
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026e | 2027e | 2028e | 2029e | 2030e | 2031e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 38.61 | 40.08 | 51.05 | 71.30 | 64.50 | 88.23 | 131.73 | 160.43 | 200.08 | 216.85 | 256.24 | 288.94 | 325.19 | 384.21 | 438.74 | 539.35 |
| 13.76 | 3.80 | 27.38 | 39.65 | -9.53 | 36.79 | 49.30 | 21.78 | 24.72 | 8.39 | 18.16 | 12.76 | 12.55 | 18.15 | 14.19 | 22.93 |
| 54.99 | 54.84 | 56.04 | 54.84 | 57.15 | 54.27 | 52.47 | 53.84 | 55.49 | 39.44 | 39.44 | 39.44 | 39.44 | 39.44 | 39.44 | 39.44 |
| 21.23 | 21.98 | 28.61 | 39.10 | 36.86 | 47.89 | 69.12 | 86.38 | 111.03 | 85.53 | 101.06 | 113.96 | 128.26 | 151.53 | 173.04 | 212.72 |
| 5.26 | 5.11 | 7.17 | 10.60 | 7.06 | 35.74 | 54.71 | 68.85 | 88.04 | 41.85 | 49.32 | 56.39 | 63.67 | 68.59 | 114.91 | – |
| 13.62 | 12.74 | 14.04 | 14.87 | 10.94 | 40.50 | 41.53 | 42.92 | 44.00 | 19.30 | 19.25 | 19.52 | 19.58 | 17.85 | 26.19 | – |
| 0.42 | 2.10 | 2.93 | 4.69 | 3.29 | 6.94 | 14.97 | 20.56 | 25.95 | 30.36 | 34.22 | 39.48 | 45.17 | 48.38 | – | – |
| -62.57 | 396.69 | 39.36 | 60.14 | -29.86 | 111.01 | 115.76 | 37.30 | 26.20 | 17.03 | 12.71 | 15.36 | 14.41 | 7.10 | – | – |
| – | 0.15 | 0.15 | 0.22 | 0.22 | 0.33 | 0.50 | 1.40 | 1.00 | 2.00 | 1.50 | 1.80 | 2.16 | – | – | – |
| – | – | – | 46.67 | – | 50.00 | 51.52 | 180.00 | -28.57 | 100.00 | -25.00 | 20.00 | 20.00 | – | – | – |
| 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.31 | 3.38 | 3.38 | 3.38 | 3.38 | 3.38 | 3.38 | 3.38 |
Details
Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales Varun Beverages generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Varun Beverages retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Varun Beverages's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares Varun Beverages has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Varun Beverages's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
Varun Beverages stock margins
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Varun Beverages Stock Revenue, EBIT, Earnings per Share
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Varun Beverages business model & stock analysis
Varun Beverages Eulerpool Fair Value
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Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
Varun Beverages historical P/E ratio, EBIT multiple, and P/S ratio
Varun Beverages annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down Varun Beverages's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in Varun Beverages's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare Varun Beverages's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
Varun Beverages shares outstanding
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Varun Beverages stock splits
Since 2019, a total of 16.875 shares have been converted from one Varun Beverages share.
Varun Beverages Dividend History
10 years of dividend payments · 5 consecutive increases
Varun Beverages dividend history and estimates
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Varun Beverages dividend payout ratio
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Current Varun Beverages forecasts and price targets in September 2026
Analyst Price Targets 2026EESG©
Eulerpool ESG Scorecard© for the Varun Beverages stock
EEnvironment
Environment
SSocial
Social
GGovernance (Corporate Governance)
Governance (Corporate Governance)
The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.
Varun Beverages shareholder structure
| % | Name |
|---|---|
25.27447% | |
16.70357% | |
15.42583% | |
2.12440% | |
1.94441% | |
1.76416% |
Varun Beverages Beneficial Ownership Filings (SEC 13D/G)
Varun Beverages Executives and Management Board
12 members · avg. age 64 · 17 % women
Mr. Varun Jaipuria (37)
Executive Vice Chairman of the Board, Whole-Time Director, Promoter · since 2013
72.06 M INR
Management
Mr. Ravi Batra
Chief Risk Officer, Group Company Secretary, Compliance Officer
Mr. Pankaj Madan
Chief Financial Officer
Board of Directors
Mr. Ravi Jaipuria (70)
Non-Executive Chairman of the Board, Promoter
Mr. Raj Gandhi (68)
Whole-Time Director · since 2013
Mr. Rajinder Bagga (61)
Whole-Time Director · since 2019
Mrs. Rashmi Dhariwal
Non-Executive Independent Director
Dr. Ravi Gupta (70)
Non-Executive Independent Director
Ms. Sita Khosla
Non-Executive Independent Director
Frequently asked questions about Varun Beverages
Analysts currently set an average price target of 575.25 INR for the Varun Beverages stock (median: 569.16 INR), implying +38.8 % versus the latest price. The consensus is based on 28 analyst ratings.
28 analysts currently rate the Varun Beverages stock: 24 recommend buying, 4 holding and 0 selling. For 2026, analysts expect Varun Beverages to generate revenue of 256.24 B INR and earnings per share of 10.12 INR.
Converted at the current exchange rate, the Varun Beverages share trades at 3.74 EUR (414.30 INR).
The Varun Beverages share (VBL.NS) is listed on 1 stock exchanges, including: NSE (Indien) (VBL.NS).
No history available for Varun Beverages.
The expected revenue of Varun Beverages is 256.24 B INR. This figure is based on current financial data and reflects the company's business performance.
The expected profit of Varun Beverages is 34.22 B INR. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of Varun Beverages is currently 40.94. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Varun Beverages stock.
The price-to-sales ratio (P/S) of Varun Beverages is currently 5.47. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Varun Beverages stock.
The Eulerpool Quality Score for Varun Beverages is 6/10.
The ISIN of Varun Beverages is INE200M01039. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The ticker of Varun Beverages is VBL.NS. The ticker symbol is used to trade Varun Beverages shares on the stock exchange.
Over the past 12 months, Varun Beverages paid a dividend of 1.50 INR . This corresponds to a dividend yield of about 0.36 %. For the coming 12 months, Varun Beverages is expected to pay a dividend of 1.80 INR.
The current dividend yield of Varun Beverages is 0.36 %.
Varun Beverages pays a dividend, distributed in the months of August, April, July.
Varun Beverages paid dividends every year for the past 9 years.
For the upcoming 12 months, dividends amounting to 1.80 INR are expected. This corresponds to a dividend yield of 0.43 %.
Varun Beverages is assigned to the 'Non-cyclical consumption' sector.
In the year 2025, Varun Beverages distributed 1.5 INR as dividends.
The dividends of Varun Beverages are distributed in INR.
Varun Beverages stock
Varun Beverages Peer Group
Varun Beverages Ticker
All fundamentals and in-depth analysis of Varun Beverages
Our stock analysis for Varun Beverages stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Varun Beverages. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.