🔔 Rating Alert
Varun Beverages receives 'Outperform' rating from JPMorgan with a target price of Rs 650, indicating a 19% upside.
Varun Beverages Analyst Rating
based on 21 analysts
90.48%
Buy
9.52%
Hold
0.00%
Sell
Based on 21 analysts offering long term price targets for Varun Beverages. An average target of ₹720.33
Source: S&P Global Market Intelligence
Varun Beverages Share analysis
Varun Beverages price forecast by 21 analysts
Upside of30.28%
High
₹827
Target
₹720.33
Low
₹606
Varun Beverages target price ₹720.33, a slight upside of 30.28% compared to current price of ₹541.5. According to 21 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Varun Beverages revenue growth forecast
Expected growth rate Q1, FY2027:0
Forecast
Actual
Including amortisation and stock based compensations
Varun Beverages EPS growth forecast
EPS estimate Q1, FY2027:0
Forecast
Actual
Source: S&P Global Market Intelligence
Varun Beverages Performance
Day's Low
Day's High
₹539.25Day's Price Range₹56352 Week's Low
52 Week's High
₹478.5652-Week Price Range₹681.12
| Returns % | |
| 1 Month Return | -11.75 % |
| 3 Month Return | -4.42 % |
| 1 Year Return | + 8.69 % |
| Market Stats | |
| Previous Close | ₹552.90 |
| Open | ₹562.05 |
| Volume | 70.12L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹1,86,963.69Cr |
Varun Beverages Key Statistics
| P/E Ratio | 70.61 |
| PEG Ratio | 42.18 |
| Market Cap | ₹1,86,963.69 Cr |
| P/B Ratio | 22.71 |
| EPS | 6.472 |
| Dividend Yield | 0.2 |
| Sector | FMCG |
| ROE | 28.19 |
Varun Beverages Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹1,86,963.69 Cr | 137.86% | 0.00 | ₹2,101 Cr | ₹16,042 Cr | |
| HOLD | ₹54,451.60 Cr | 12.38% | 0.51 | ₹410 Cr | ₹8,122 Cr | |
| BUY | ₹1,06,036.84 Cr | 30.43% | 0.52 | ₹1,408 Cr | ₹11,321 Cr | |
| BUY | ₹31,431.42 Cr | 109.26% | 0.63 | ₹262 Cr | ₹4,118 Cr | |
| NA | ₹6,439.84 Cr | 46.98% | 0.54 | NA | NA |
Varun Beverages Mutual Fund Holdings
About Varun Beverages
Varun Beverages Ltd has a presence in over 23 states and 4 union territories in India and has a strong distribution network of over 1 million outlets.
Share Price: ₹541.50 per share as on 21 Jan, 2025 04:01 PM
Market Capitalisation: ₹1,86,963.69Cr as of today
Revenue: ₹4,804.68Cr as on September 2024 (Q3 24)
Net Profit: ₹628.83Cr as on September 2024 (Q3 24)
Listing date: 08 Nov, 2016
Chairperson Name: RAVI KANT JAIPURIA
| Organisation | Varun Beverages |
| Headquarters | Gurugram |
| Industry | FMCG |
| E-voting on shares | Click here to vote |
What's happening today
Today's Timeline - Invalid Date
11:15 AM
-JPMorgan initiates coverage on Varun Beverages with 'Outperform' rating, targeting Rs 650, indicating 19% upside.
Key events for Varun Beverages Ltd
JPMorgan Initiates Coverage on Varun Beverages - 21 Jan, 2025
JPMorgan has given Varun Beverages an 'Outperform' rating, forecasting a 19% upside with strong growth in India volumes and overseas delivery. The stock shows positive momentum despite recent corrections.Varun Beverages Reports Strong Growth and Acquisitions - 18 Jan, 2025
Varun Beverages Ltd (VBL) shows impressive growth with a 5-year CAGR of 25.57% in revenue and 47.62% in net profit. The company has expanded its presence by acquiring two African bottlers and has a target price of Rs 770, indicating a potential upside.Varun Beverages Faces Significant Stock Decline - 17 Jan, 2025
Varun Beverages Ltd shares fell nearly 4% on January 17, marking a 16% decline over the last ten sessions. Concerns over high P/E ratio and seasonal consumption drops contribute to bearish sentiment.Varun Beverages Faces Consecutive Session Decline - 10 Jan, 2025
Varun Beverages Ltd has experienced a decline for five straight sessions, currently trading at Rs 598.35. The stock has gained 17.04% over the past year, but has lost 7.08% in the last month.Varun Beverages Faces Decline Amid Breakout Potential - 06 Jan, 2025
On January 6, 2025, Varun Beverages showed signs of bottoming out after 7 months of consolidation. Despite a 3.53% decline, experts suggest potential for a breakout, targeting Rs 760 in the coming months.Varun Beverages Invests in South African Subsidiary - 02 Jan, 2025
Varun Beverages Ltd announced a ₹413 crore investment in its South African subsidiary, Bevco, to strengthen its balance sheet and repay debt. JM Financial initiated coverage with a Buy rating, highlighting VBL's growth potential in India and Africa.Varun Beverages Expands Operations and Maintains Growth Outlook - 31 Dec, 2024
Varun Beverages Ltd. is set for growth with strategic acquisitions in Africa and a strong financial position after raising ₹75 billion through QIP. Antique maintains a buy rating with a target price of ₹710, reflecting confidence in the company's future performance and international volume growth.Varun Beverages Stock Rises Amid Strong Performance - 30 Dec, 2024
On December 30, 2024, Varun Beverages stock increased by 3.21%, reaching Rs 661.7. The stock is trading above key moving averages, reflecting strong performance in the Breweries & Distilleries sector.Varun Beverages Faces Short-Term Weakness Amid Growth Prospects - 24 Dec, 2024
Varun Beverages shares have shown short-term weakness, with negative returns over the past year. However, the stock has gained 31% from its 52-week low and has strong long-term growth potential due to strategic acquisitions and expansion efforts. Axis Securities maintains an equal weight call with a target price of Rs 700.
Insights on Varun Beverages Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTMF Holding Up
Mutual Funds have increased holdings from 3.75% to 4.08% in Dec 2024 quarter
- POSITIVE IMPACT
Price Rise
In the last 3 years, VBL stock has moved up by 364.2%
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 25.24% to 25.26% in Dec 2024 quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 60.20% of holdings in Dec 2024 quarter
NEGATIVE IMPACTRevenue Fall
Revenue is down for the last 2 quarters, 7.24K Cr → 4.82K Cr (in ₹), with an average decrease of 33.3% per quarter
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 1.25K Cr → 619.61 Cr (in ₹), with an average decrease of 50.5% per quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 8.06% to 7.52% in Dec 2024 quarter
News
Varun Beverages Receives Outperform Rating from JPMorgan with 19% Upside
Varun Beverages Ltd. got an outperform rating from JPMorgan as the brokerage initiated coverage on the stock. It expects a rise in India volumes and better overseas delivery to aid growth. The brokerage gave a target price of Rs 650 apiece, which implies 19.12% upside from the current market price. Varun Beverages execution and market share gain led growth strategy makes it one of the few staple names to record healthy double-digit revenue growth over the medium term, according to JPMorgan. The brokerage forecasts revenue and earning per share CAGR of 18% and 21% for calendar year 2024 and 2027. The brokerage sees 11% growth in India volume CAGR over 2024 and 2027 for Varun Beverages. While Varun Beverages India volume has moved up to healthy mid-level 20%, scope remains for overseas margin to improve with enhanced scale and mix. The company has underperformed the broader market in last six months amid lower-than-expected revenue growth, competitive concerns, and crowded investor positioning. Varun Beverages operating margins are among the highest in the bottling industry, according to JPMorgan. The highest OPM is driven by backward integration, operating efficiencies, and strategic buying practices. The brokerage forecasts Ebitda margin of 22.9-23.4% over the calendar year 2025 and 2027. As Varun Beverages has used proceeds from the qualified institutional placement to pay debt, JPMorgan expects the company to have net cash of Rs 1,920 crore as of December 2024. The metric should rise slowly post moderation in return metrics in calendar year 2025. A weak summer, high competition, overseas volatility, high capex on EPS, return-dilutive merger and acquisition; and regulations may pose risks to Varun Beverages growth, according to JPMorgan.21 Jan, 2025 11:15 AMStocks to Buy for Short Term: Varun Beverages, Havells Among 9 Picks
Varun Beverages (VBL) has witnessed a healthy correction, bringing prices closer to a crucial demand zone. The stock continues to trade above the 21-month EMA, which has historically acted as a reliable support level, indicating the long-term bullish structure remains intact. Volume analysis further strengthens the outlook, as the declining phase was accompanied by a volume reduction, suggesting a lack of aggressive selling pressure. Moreover, the recent price action reflects positive momentum, with signs of reversal forming near this strategic support zone.21 Jan, 2025 10:42 AMVarun Beverages: Analyzing Growth Amidst Cola Competition
VBL is trading at an elevated 55 times to its estimated CY25 earnings, despite the 20 per cent correction from its 52-week high in July 2024. Volume sold in CY23 stood at 913 million cases with growth consistent at around 21.8 per cent CAGR since CY18 and a much faster 26.7 per cent CAGR since CY21. Revenue/ EBITDA/ PAT also grew at a strong CAGR of 34.8 per cent/ 47.7 per cent/ 67.8 per cent since CY21. Revenue, EBITDA and PAT stood at ₹16,043 crore, ₹3,610 crore and ₹2,102 crore respectively in CY23. However, the 9M-CY24 performance stood at ₹16,664 crore, ₹4,131 crore and ₹2,439 respectively, already surpassing the entire CY23 numbers, and bettering the comparable previous year figures by 22.6 per cent, 29.5 per cent and 24.5 per cent respectively. Operating margin has improved from 22 per cent in CY22 to 23 per cent in CY23. The same is at 25 per cent for 9M-CY24. VBL acquired The Beverage Company (BevCo) in March 2024. BevCo is PepsiCos bottler in South Africa (including Lesotho and Eswatini) and Democratic Republic of Congo (DRC).18 Jan, 2025 08:46 PMVarun Beverages Financials
Index Inclusions
Varun Beverages Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 60.2% | 0.00 | |
| Foreign Institutions | 25.26% | 0.07 | |
| Mutual Funds | 4.08% | 8.97 | |
| Retail Investors | 7.52% | ||
| Others | 2.93% | 6.91 |
Varun Beverages Key Indicators
Varun Beverages Valuation
Varun Beverages in the last 5 years
Lowest (21.57x)
October 1, 2019
Industry (59.66x)
January 20, 2025
Today (70.61x)
January 20, 2025
Highest (118.78x)
December 17, 2020
Varun Beverages Earnings and Dividends
Varun Beverages Ltd Earnings Results
Varun Beverages Ltd’s net profit jumped 23.66% since last year same period to ₹619.61Cr in the Q2 2024-2025. On a quarterly growth basis, Varun Beverages Ltd has generated -50.53% fall in its net profits since last 3-months.
Read More about Earnings ResultsVarun Beverages Ltd Dividends July,2024
In the quarter ending June 2024, Varun Beverages Ltd has declared dividend of ₹1.25 - translating a dividend yield of 0.69%.
Read More about Dividends
Varun Beverages Technicals Summary
Bearish
Neutral
Bullish
Varun Beverages Ltd is currently in a Bearish trading position according to technical analysis indicators.
FAQs on Varun Beverages Ltd
Varun Beverages Ltd share price today stands at ₹541.5, Open. ₹562.05 ; Previous Close. ₹552.9 ; High. ₹563 ; Low. ₹539.25 ; 52 Week High. ₹681.12 ; 52 Week Low: ₹478.56.
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Varun Beverages Ltd is listed on NSE
Varun Beverages Ltd is listed on BSE
- Today’s highest price of Varun Beverages Ltd is ₹563.
- Today’s lowest price of Varun Beverages Ltd is ₹539.25.
PE Ratio of Varun Beverages Ltd is 70.61
PE ratio = Varun Beverages Ltd Market price per share / Varun Beverages Ltd Earnings per share
Today’s traded volume of Varun Beverages Ltd(VBL) is 70.12L.
Today’s market capitalisation of Varun Beverages Ltd(VBL) is ₹186963.69Cr.
| Varun Beverages Ltd(VBL | Price |
|---|---|
52 Week High | ₹681.12 |
52 Week Low | ₹478.56 |
Varun Beverages Ltd(VBL) share price is ₹541.5. It is down -20.50% from its 52 Week High price of ₹681.12
Varun Beverages Ltd(VBL) share price is ₹541.5. It is up 13.15% from its 52 Week Low price of ₹478.56
| Varun Beverages Ltd(VBL | Returns |
|---|---|
1 Day Returns | -11.4% |
1 Month Returns | -11.75% |
3 Month Returns | -4.42% |
1 Year Returns | 8.69% |