NSEConsumer Defensive

Varun Beverages Limited (VBL)

NSE · Consumer Defensive · Beverages - Non-Alcoholic

₹445.00+0.61%
Last close · 2026-08-04

Latest quarter · ended 2026-03-31

Revenue
₹6,574 cr
Revenue YoY
+18.1%
Net profit
₹872 cr
Profit YoY
+20.1%
EPS
₹2.58
EPS estimate
₹2.37
Net margin
13.3%

EPS came in at 2.58 against a street estimate of 2.37 — a beat of 8.9%.

Key statistics

Market cap
₹1.49 lakh cr
P/E
44.0
Forward P/E
58.8
P/B
6.87
Book value
₹57.89
EPS (TTM)
₹10.00
Dividend yield
0.33%
52-week high
₹555.18
52-week low
₹379.74
50-day MA
₹499.90
200-day MA
₹473.62
Beta
0.26

Analyst view

with an average price target of ₹550.78.

From the latest earnings call · 2026-07-28

CONFIDENT VBL delivered 20.4% revenue growth and 19.8% volume growth in Q2 FY26, driven by strong India seasonality (20%+ post-March) and international expansion. EBITDA up 17.2%. Company extended PepsiCo agreement to 2049, entered dairy via Asahi, and acquired South Africa operations. Q2 FY26 India seasonality highly weather-dependent; El Niño dampened April. Africa expansion accelerating via acquisitions and organic growth. Analysts probed INR 10 strategy, pack mix, and alcohol entry. Management reframed INR 10 as unprofitable distraction, emphasized 20%+ growth at profitable points, and clarified alcohol exploration is group-level (not VBL). Weather and competitive dynamics were secondary concerns. 2026-07-28…

Full summary in the app.

Shareholding

Promoters
60.56%
Institutions
24.58%

See the full picture

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Data updated 2026-08-05.