profit from every ₹100 of sales.
₹0₹100
Varun Beverages
₹435.00+0.31% today
-7.6% in 1 year
1-year low ₹382.201-year high ₹544.05
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay ₹48.46 for every ₹1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Varun Beverages sold, what it kept, and what it did with the cash.
Sales went from ₹129 billion in 2022 to ₹208 billion in 2025, with ₹30.4 billion of profit last year.
SalesProfit
Varun Beverages handed back 66% of the cash it generated last year.
₹5.1B
Free cash flow 2025₹7.7B
Bought back its own shares–
Paid as dividends₹5.1B
Cash vs. debt₹17.8B vs. ₹25.1B
Varun Beverages vs. similar companies
Varun Beverages grows the fastest of these 5 and is the most expensive for its profits.
| Company | Profit from ₹100 of sales | Sales growth a year | Price per ₹1 of profit |
|---|---|---|---|
| Varun Beverages | 48.5× · Expensive | ||
 Coca-Cola | 32.0× · Expensive | ||
 PepsiCo | 23.5× · Fair price | ||
 Monster Beverage | 46.8× · Expensive | ||
 Nongfu Spring | 27.5× · Fair price |
AI analysis
An AI analyst reads Varun Beverages's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of INR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 129,211 | 156,217 | 194,450 | 208,346 | |
| 65,246 | 80,706 | 103,713 | 109,391 | |
| 23,086 | 31,265 | 40,032 | 38,603 | |
| 28,245 | 36,869 | 48,290 | 53,945 | |
| 14,974 | 20,559 | 25,946 | 30,365 | |
| 4.61 | 6.33 | 7.94 | 8.98 | |
| 50.5% | 51.7% | 53.3% | 52.5% | |
| 17.9% | 20.0% | 20.6% | 18.5% | |
| 11.6% | 13.2% | 13.3% | 14.6% |
Balance sheet
| In millions of INR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 116,182 | 151,872 | 231,439 | 255,652 |
| Cash | 1,543 | 2,422 | 2,608 | 17,842 |
| Total debt | 38,838 | 54,313 | 28,263 | 25,082 |
| Total liabilities | 64,028 | 81,025 | 64,043 | 58,242 |
| 51,024 | 69,365 | 166,098 | 195,787 | |
| 3,249 | 3,249 | 3,266 | 3,383 | |
| 18.4% | 18.2% | 15.0% | 14.2% | |
| 29.3% | 29.6% | 15.6% | 15.5% |
Cash flow
| In millions of INR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 17,900 | 23,908 | 33,811 | 35,093 | |
| 18,010 | 32,640 | 37,790 | 27,391 | |
| -110 | -8,733 | -3,979 | 7,702 | |
| Dividends paid | 1,624 | 2,273 | 3,248 | 5,073 |
| – | – | – | – | |
| 29 | 79 | 162 | 38 |
Valuation
- 48.5×
- –
- 1.95
- 9.0×
- 7.1×
- 191.0×
- 27.4×
- 0.5%
- 2.1%
- 0.3%
Profitability
- 52.5%
- 18.5%
- 14.6%
- –
- 14.2%
- 16.5%
- –
- –
- –
- –
Growth
- +17.3%
- +24.9%
- –
- –
- +1.4%
Financial health
- 0.1×
- 0.13
- –
- 24.8×
- 1.94
- –
- –
How it ranks in Consumer Staples
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 26%of 670
Top 21%of 674
Bottom 9%of 624
Top 12%of 673
Bottom 16%of 668
0.3%of the share price, paid each year
On $1,000 invested$3a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
16.7% of its profit
Room to growStretchedMore than it earns: 65.9%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
2/7Passes 2 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
56No pass
Benjamin Graham
41No pass
Philip Fisher
62Pass
Peter Lynch
69Pass
Joel Greenblatt
13No pass
Charlie Munger
55No pass
Terry Smith
44No pass
Questions about Varun Beverages
Is Varun Beverages a good stock to buy?
A solid business, but the price is high. 2 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Varun Beverages AI analysis
What does Varun Beverages do?
Varun Beverages Limited, together with its subsidiaries, manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana. It is in Beverages - Non-Alcoholic, based in Gurugram, India, with 10,654 employees.
Does Varun Beverages pay a dividend?
Yes. At today's price the dividend is 0.3% a year, about 17% of its yearly profit. In 2025 it paid out ₹5.07 billion in dividends.
Is Varun Beverages stock halal?
Yes. Varun Beverages passes our halal screen: its business is permitted and its debt is 2% of its market value, under the 30% limit. How we check
How has Varun Beverages stock done over the past year?
Down 7.6% over the past twelve months, to ₹435.00. It traded between ₹382.20 and ₹544.05 and is 20.0% below its high.
Who are Varun Beverages's competitors?
The largest listed companies in the same industry are Coca-Cola, PepsiCo, Monster Beverage and Nongfu Spring. The peers table on this page compares their profit, growth and price with Varun Beverages's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.