NSE ScannerComparison · NSE · data 2026-11-01
United Breweries Limited vs Varun Beverages Ltd.
In plain words
Size: Varun Beverages Ltd. is about 4.3 times the market value of United Breweries Limited.
Valuation (P/E): United Breweries Limited 64.4 vs Varun Beverages Ltd. 38.2.
Return on equity: Varun Beverages Ltd. 16.8% vs United Breweries Limited 9.3%.
Profit growth over 3 years: Varun Beverages Ltd. 26.6% a year vs United Breweries Limited 10.8% a year.
Debt to equity: United Breweries Limited 0.29 vs Varun Beverages Ltd. 0.13.
Differences in the numbers, not a recommendation of either stock.
Side by side
| UBL | VBL | |
|---|---|---|
| Price | ₹1,180.3 | ₹392 |
| Market cap | ₹31,152 cr | ₹1,33,642 cr |
| P/E | 64.4 | 38.2 |
| P/B | 6.8 | — |
| ROE | 9.3% | 16.8% |
| ROCE | 12.1% | 15.6% |
| Debt / equity | 0.29 | 0.13 |
| Operating margin | 5.9% | 17.1% |
| Dividend yield | 0.85% | 0.38% |
| Sales growth, 3 years (yearly) | 7.2% | 17.2% |
| Profit growth, 3 years (yearly) | 10.8% | 26.6% |
| 1-year return | -33.2% | -20.8% |
| Revenue, last 12 months | ₹9,927 cr | ₹25,837 cr |
| Net profit, last 12 months | ₹484 cr | ₹3,473 cr |
| Latest quarter | Sept 2026 | Sept 2026 |
| Quarter net profit | ₹135 cr | ₹828 cr |
| Quarter profit vs a year earlier | +190.9% | +11.7% |
| Promoter holding | 70.83% | 59.43% |
| Health check | Average (4.4/10) | Strong (6.6/10) |
Common questions
Which has a higher P/E, United Breweries Limited or Varun Beverages Ltd.?
United Breweries Limited trades at the higher P/E (64.4 against 38.2). A higher P/E means the market pays more for each rupee of past earnings; on its own it does not say which is better.
Which earns a higher return on equity?
Varun Beverages Ltd. (16.8% against 9.3%).
Which carries more debt?
United Breweries Limited has the higher debt-to-equity ratio (0.29 against 0.13).