NSE ScannerBeverages & Alcohol · Beverages: Non-Alcoholic · NSE: VBL · data 2026-11-01
Varun Beverages Ltd.
In plain words
Price: 29.5% below its 52-week high of ₹555.8.
Delivery: 51.6% of traded shares were kept for delivery over the last 10 sessions, against 56.6% over the last 60.
Latest results: a net profit of ₹828 cr for the quarter ended Sept 2026 (+11.7% on the same quarter a year earlier).
A description of the data, not a recommendation.
Key figures
Growth
| Revenue (last 12 months) | ₹25,837 cr |
| Net profit (last 12 months) | ₹3,473 cr |
| Sales growth, 3 years (yearly) | 17.2% |
| Profit growth, 3 years (yearly) | 26.6% |
At a glance
Promoters 59.4% (unchanged in a year), pledged 0.0%, institutions 33.9%.
P/E 38.2, dividend yield 0.4%. Price relative to earnings and book value (low is cheaper, not better).
ROE 16.8%, ROCE 15.6%, operating margin 17.1%: how much profit it earns on the money it uses.
Debt/equity 0.13, Profit growth 26.6% and sales growth 17.2% a year over 3 years.
Ratings use fixed thresholds on the latest reported figures. They describe the numbers and are not a recommendation.
Strengths and limitations
- Profit grew 26.6% a year over 3 years.
None flagged by these rules.
Picked automatically from the latest reported figures with fixed rules; check the company's filings before relying on them.
Latest results in brief (Q2 FY27)
VBL Q2 FY27 results (consolidated figures, as filed on NSE).
Revenue was ₹6,815.59 crore, up 35% YoY and down 21.2% QoQ.
Net profit was ₹828 crore, up 11.7% YoY and down 45.6% QoQ.
Operating margin was 20.9% (22.7% a year ago).
EPS was ₹2.45, up 11.9% YoY and down 45.6% QoQ.
VBL के Q2 FY27 नतीजे (कंसोलिडेटेड आंकड़े, NSE पर दाखिल)।
राजस्व: ₹6,815.59 करोड़; पिछले साल की तुलना में 35% की बढ़त, पिछली तिमाही की तुलना में 21.2% की गिरावट।
शुद्ध मुनाफ़ा: ₹828 करोड़; पिछले साल की तुलना में 11.7% की बढ़त, पिछली तिमाही की तुलना में 45.6% की गिरावट।
ऑपरेटिंग मार्जिन: 20.9% (एक साल पहले 22.7%)।
EPS: ₹2.45; पिछले साल की तुलना में 11.9% की बढ़त, पिछली तिमाही की तुलना में 45.6% की गिरावट।
VBLના Q2 FY27 પરિણામો (કન્સોલિડેટેડ આંકડા, NSE પર ફાઇલ કરેલા).
આવક (રેવન્યુ): ₹6,815.59 કરોડ; ગયા વર્ષની સરખામણીએ 35% વધારો, ગયા ક્વાર્ટરની સરખામણીએ 21.2% ઘટાડો.
ચોખ્ખો નફો: ₹828 કરોડ; ગયા વર્ષની સરખામણીએ 11.7% વધારો, ગયા ક્વાર્ટરની સરખામણીએ 45.6% ઘટાડો.
ઓપરેટિંગ માર્જિન: 20.9% (એક વર્ષ પહેલાં 22.7%).
EPS: ₹2.45; ગયા વર્ષની સરખામણીએ 11.9% વધારો, ગયા ક્વાર્ટરની સરખામણીએ 45.6% ઘટાડો.
Written from the filed numbers. Not a recommendation.
Smart-money activity
18/100 · Weak over the last ~60 sessions, data 2026-10-30
- Delivery vs usual 0/30: Delivery 53.2% over the last 20 sessions vs 56.8% in the 40 before (0.94x); shares delivered per day 0.8x usual; 0 delivery-spike days (3x usual shares delivered, 40%+ delivery) in the last 20 sessions.
- Bulk/block deals 0/20: No bulk or block deals in the last 90 days.
- Insider / SAST buys 0/15: No insider buy or SAST acquisition filings in the last 90 days. Insider sells are not collected by the site, so only buy filings count.
- Mutual fund holding 13/15: 49 schemes hold it, about ₹6,504 cr in all (as of 2026-09-30). Latest monthly portfolios only (top 60 holdings per scheme); month-on-month change is not stored.
- Accumulation evidence 0/15: Verdict "None", sustained score 0/100.
- Promoter pledges 5/5: No promoter pledge filings in 90 days.
A description of recorded activity (delivery, deals, insider buys, fund holding, pledges), not a recommendation. Today's most active stocks.
Story so far
● Results ● Dividend
- 30 Oct 26Results Q2 FY27 results: profit +11.7% YoY
- 31 Jul 26Dividend Dividend ₹0.5 (ex-date) -1.4% next session
- 28 Jul 26Results Q1 FY27 results: profit +15.5% YoY -3.7% next session
- 30 Apr 26Dividend Dividend ₹0.5 (ex-date) -3.1% next session
- 27 Apr 26Results Q4 FY26 results: profit +20.1% YoY +5.7% next session
- 8 Apr 26Dividend Dividend ₹0.5 (ex-date) +5.5% next session
- 3 Feb 26Results Q3 FY26 results: profit +36.0% YoY -4.6% next session
- 29 Oct 25Results Q2 FY26 results: profit +19.6% YoY +6.8% next session
- 1 Aug 25Dividend Dividend ₹0.5 (ex-date) -2.7% next session
- 29 Jul 25Results Q1 FY26 results: profit +5.1% YoY +7.3% next session
- 7 May 25Dividend Dividend ₹0.5 (ex-date) -5.0% next session
- 30 Apr 25Results Q4 FY25 results: profit +35.2% YoY -0.9% next session
- 4 Apr 25Dividend Dividend ₹0.5 (ex-date) -4.6% next session
- 10 Feb 25Results Q3 FY25 results: profit +40.3% YoY -6.0% next session
From official exchange filings and NSE data. How the price moved after an event describes the past, not what comes next.
Quarterly results (consolidated)
| Quarter | Revenue | Net profit | Profit YoY | Op. margin | EPS ₹ |
|---|---|---|---|---|---|
| Sept 2026 | ₹6,816 cr | ₹828 cr | +11.7% | 20.9% | 2.45 |
| Jun 2026 | ₹8,651 cr | ₹1,521 cr | +15.5% | 27.1% | 4.5 |
| Mar 2026 | ₹6,722 cr | ₹872 cr | +20.1% | 22.7% | 2.58 |
| Dec 2025 | ₹4,335 cr | ₹252 cr | +36.0% | 14.7% | 0.74 |
Shareholding trend
| Holder | Sept 2026 | Jun 2026 | Mar 2026 | Dec 2025 |
|---|---|---|---|---|
| Promoters | 59.43% | 59.43% | 59.44% | 59.44% |
| Foreign institutions (FII) | 17.53% | 19.03% | 19.51% | 20.31% |
| Domestic institutions (DII) | 16.34% | 15.21% | 14.40% | 13.56% |
| Mutual funds | 9.79% | 9.06% | 8.30% | 8.36% |
| Retail investors | 4.31% | 4.10% | 4.38% | 4.35% |
| Number of shareholders | 8,37,179 | 8,13,548 | 8,77,604 | 8,72,933 |
Common questions
What was Varun Beverages Ltd.'s latest quarterly profit?
Varun Beverages Ltd. reported a net profit of ₹828 cr for the quarter ended Sept 2026 (+11.7% on the same quarter a year earlier), on revenue of ₹6,816 cr.
How much do promoters hold in Varun Beverages Ltd.?
Promoters held 59.43% of Varun Beverages Ltd. at the end of Sept 2026, with 0.00% of promoter shares pledged.
Is Varun Beverages Ltd. debt-free?
Its latest reported debt-to-equity ratio is 0.13.
What is Varun Beverages Ltd.'s P/E ratio?
About 38.2, based on the last 12 months' earnings and a price of ₹392 (data 2026-11-01).
What is the 52-week high and low of Varun Beverages Ltd.?
The 52-week high is ₹555.8 and the 52-week low is ₹381.
Mutual funds holding Varun Beverages Ltd.
From the monthly portfolios of the fund houses the site reads, as of 2026-09-30. 49 schemes holding about ₹6,504 cr; funds that hold it outside their top holdings may not be listed.
| Scheme | Fund house | % of fund | Value |
|---|---|---|---|
| SBI Large Cap Fund | SBI Mutual Fund | 2.02% | ₹1,058 cr |
| Nippon India Growth Mid Cap Fund | Nippon India Mutual Fund | 1.94% | ₹973 cr |
| SBI Flexicap Fund | SBI Mutual Fund | 2.02% | ₹447 cr |
| Mirae Asset Large Cap Fund | Mirae Asset Mutual Fund | 0.95% | ₹338 cr |
| Nippon India Focused Fund | Nippon India Mutual Fund | 3.75% | ₹303 cr |
| Nippon India ELSS Tax Saver Fund | Nippon India Mutual Fund | 1.87% | ₹264 cr |
| ADITYA BIRLA SUN LIFE ELSS TAX SAVER FUND | Aditya Birla Sun Life Mutual Fund | 1.93% | ₹262 cr |
| NIPPON INDIA LARGE CAP FUND | Nippon India Mutual Fund | 0.50% | ₹257 cr |
| NIPPON INDIA ETF NIFTY NEXT 50 JUNIOR BEES | Nippon India Mutual Fund | 2.42% | ₹209 cr |
| Nippon India Multi Asset Allocation Fund | Nippon India Mutual Fund | 1.05% | ₹190 cr |
| SBI MultiCap Fund | SBI Mutual Fund | 0.76% | ₹178 cr |
| SBI Multi Asset Allocation Fund | SBI Mutual Fund | 0.78% | ₹164 cr |
| Mirae Asset Great Consumer Fund | Mirae Asset Mutual Fund | 3.18% | ₹142 cr |
| Nippon India Vision Large & Mid Cap Fund | Nippon India Mutual Fund | 1.52% | ₹113 cr |
| Nippon India Flexi Cap Fund | Nippon India Mutual Fund | 1.15% | ₹106 cr |
Compared with similar companies
| Company | Price | Market cap | P/E | P/B | ROE | ROCE | Debt/eq. | 1-yr return |
|---|---|---|---|---|---|---|---|---|
| Varun Beverages Ltd. | ₹392 | ₹1,33,642 cr | 38.2 | — | 16.8% | 15.6% | 0.13 | -20.8% |
| United Spirits Limited | ₹1,333.7 | ₹96,956 cr | 56.3 | 10.5 | 20.1% | 22.7% | 0.05 | -3.9% |
| Radico Khaitan Limited | ₹4,086.7 | ₹54,936 cr | 68.8 | 14.9 | 19.9% | 25% | 0.24 | +28.2% |
| United Breweries Limited | ₹1,180.3 | ₹31,152 cr | 64.4 | 6.8 | 9.3% | 12.1% | 0.29 | -33.2% |
| Allied Blenders and Distillers Limited | ₹698.25 | ₹19,500 cr | 85.6 | 11.9 | 14.2% | 24.6% | 0.69 | +7.6% |
| Tilaknagar Industries Limited | ₹480.85 | ₹11,930 cr | — | 4 | 1.1% | 11.2% | 0.77 | -5.9% |
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