Varun Beverages share price
NSE: VBLBSE: 540180BeveragesLarge Cap
Varun Beverages Limited · Face value ₹2 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Nov 2016 · Issue price ₹445
Last close ₹404.50down ₹11.50 (2.76%)BSE ₹405.00
Share price at the NSE close on 28 Oct 2026. Previous close ₹416.00.
28 Oct: open ₹411.00, high ₹412.90, low ₹402.85
52-week range of traded prices to 28 Oct 2026
₹381.00Low, 23 Mar 2026₹555.80High, 17 Jun 2026
- Next results date: the board meets on 30 Oct 2026 to consider: financial results and dividend. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,36,822 Cr52nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 40.41
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 6.28
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.37%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 16.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 16.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Jun 2026.
- 0.16
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 44,94,52349.8% delivered
About Varun Beverages
Varun Beverages Limited makes and sells PepsiCo's carbonated soft drinks, juice drinks, sports and energy drinks and packaged drinking water.1 It is a PepsiCo franchisee (a bottler licensed to make and sell PepsiCo brands in set territories) in India and in countries across Africa and South Asia, and sells through dealers and distributors.23
It reports a single business, the manufacture and sale of beverages, across 2 areas: India and outside India.4 Its PepsiCo brands include Pepsi, Mountain Dew, Sting, Seven-Up, Mirinda, Slice, Tropicana, Gatorade and Aquafina, and it makes and sells PepsiCo snacks in Morocco and Zimbabwe and sells them in Zambia.56 It holds PepsiCo franchises in 26 states and 6 union territories of India and in Nepal, Sri Lanka, Morocco, Zambia, Zimbabwe, South Africa, Lesotho, Eswatini and the Democratic Republic of Congo, with distribution rights in Namibia, Botswana, Mozambique and Madagascar.7 It accounts for more than 90% of PepsiCo's sales volume in India.8
Its PepsiCo link began with a licensing agreement signed through a group company in 1991; it was incorporated on 16 June 1995, began commercial operations in Jaipur in 1996 and listed its shares in November 2016.91011 Its South African business came from buying 95% of The Beverage Company in March 2024.12
Its parent company is RJ Corp Limited; Ravi Jaipuria, a promoter, is its non-executive chairman, and Varun Jaipuria, also a promoter, is its executive vice-chairman.131415
Varun Beverages key points
Results
- In the quarter to Jun 2026, consolidated net revenue from operations rose 20.4% to ₹84,512.3 million and profit after tax rose 15.1% to ₹15,253.6 million.1617
- EBITDA (profit before interest, tax, depreciation and amortisation) rose 17.2% to ₹23,430.4 million in the quarter to Jun 2026, a margin of 27.7%; the company said the margin fell 76 basis points (hundredths of a percentage point) because Twizza's margins are lower.18
- In the year to Dec 2025, consolidated net revenue from operations, as the company presents it, was ₹216,853.8 million against ₹200,076.5 million a year earlier; EBITDA rose 7.2% to ₹50,493.7 million, a margin of 23.3%, and profit after tax rose 16.2% to ₹30,620.4 million.19
- At 30 Jun 2026 the India business had no net debt (borrowings less cash) and free cash of about ₹14,941 million; consolidated net debt was about ₹3,730 million, because of the Twizza purchase in South Africa.20
Sales volume mix
- Share of consolidated sales volume by category2122Low-sugar and no-sugar drinks made up about 73% of consolidated sales volume in the half year to Jun 2026.
Item year to Dec 2025 Carbonated soft drinks 73.9% Packaged drinking water 20.2% Non-carbonated beverages 5.9% - In the quarter to Jun 2026, consolidated sales volume rose 19.8% to 466.7 million unit cases (a unit case is 5.678 litres), up 14.4% in India and 38.4% abroad. The international figure includes 11.8 million cases from Twizza in South Africa.23
Where revenue comes from
- India contributed about 67% of net revenue from operations in the year to Dec 2025.24
Plants and capacity
- It has 53 production facilities, 38 in India and 15 in international territories. Backward integration (making its own inputs rather than buying them) runs at 3 exclusive and 19 integrated plants.25
- In the year to Dec 2025 it commissioned 4 new greenfield (newly built) plants in India, at Prayagraj, Damtal, Buxar and Mendipathar, and added backward integration at Prayagraj and at its plant in the Democratic Republic of Congo.26
Expansion and capital spending
- Spending on plants and equipment added to its books (net capitalised capex) was about ₹9,500 million in the half year to Jun 2026, including about ₹2,000 million on brownfield (existing site) expansion in India; buying Twizza added ₹11,314 million.27
- Capital work in progress (plants being built but not yet in use) was about ₹4,900 million at the end of June 2026, mainly for expansion in South Africa and a carbonated soft drinks line in Kenya.28
- In its exchange filing of 25 Aug 2026, the company said its board had approved setting up a joint venture in Tunisia, 75% held by the company, to make and distribute soft drinks, juices, water and dairy drinks, subject to approvals.2930
- On 31 Aug 2026 it reported the incorporation of KIVA Spirits and Company Limited, a wholly owned subsidiary its board approved to carry on a ready-to-drink and alcoholic beverages business.3129
What the company expects
- On its earnings call of 28 Jul 2026, the company said its growth had been above 20% since March, with growth above 20% in most of its markets, and that it was looking at growth of at least 20% after June.32
- In its presentation of 28 Jul 2026, the company said it targets a 50% share of recycled plastic (rPET) in its packaging by 2030 and net zero emissions (no net release of greenhouse gases) by 2050.33
Recent events
- Its Kenyan subsidiary completed the $32 million purchase of the dairy drinks, juice and packaged water business of Devyani Food Industries (Kenya) Limited, a promoter group company, effective 1 Aug 2026.3435
- On 18 Jun 2026 it entered a franchise arrangement with Asahi Group Holdings to bring the Japanese fermented milk drink brand CALPIS to India, with Original and Mango variants planned.36
- On 21 May 2026 it signed a revised exclusive bottling and trademark licence agreement with PepsiCo for India, running to 30 Apr 2049 instead of 30 Apr 2039 and removing a restriction that it operate solely for PepsiCo's business.37
- On 18 Mar 2026 its South African subsidiary bought 100% of Twizza Proprietary Limited at an enterprise value (price including debt) of ZAR 2,053 million (₹11,398 million). Twizza makes non-alcoholic drinks under its own brands at 3 plants, in Cape Town, Queenstown and Middelburg.3839
Litigation and regulatory matters
Last updated
All 41 sources, each with its page
- 1. Annual report, 9 Mar 2026, page 173
- 2. Annual report, 9 Mar 2026, page 270
- 3. Annual report, 9 Mar 2026, page 453
- 4. Annual report, 9 Mar 2026, page 283
- 5. Investor presentation, 28 Jul 2026, page 21
- 6. Investor presentation, 28 Jul 2026, page 6
- 7. Investor presentation, 28 Jul 2026, page 21
- 8. Annual report, 9 Mar 2026, page 173
- 9. Annual report, 9 Mar 2026, page 30
- 10. Annual report, 9 Mar 2026, page 270
- 11. Annual report, 9 Mar 2026, page 175
- 12. Annual report, 9 Mar 2026, page 330
- 13. Annual report, 9 Mar 2026, page 425
- 14. Annual report, 9 Mar 2026, page 26
- 15. Annual report, 9 Mar 2026, page 57
- 16. Investor presentation, 28 Jul 2026, page 13
- 17. Earnings call, 28 Jul 2026, page 4
- 18. Investor presentation, 28 Jul 2026, page 14
- 19. Annual report, 9 Mar 2026, page 179
- 20. Investor presentation, 28 Jul 2026, page 16
- 21. Annual report, 9 Mar 2026, page 179
- 22. Investor presentation, 28 Jul 2026, page 14
- 23. Investor presentation, 28 Jul 2026, page 13
- 24. Annual report, 9 Mar 2026, page 173
- 25. Investor presentation, 28 Jul 2026, page 8
- 26. Annual report, 9 Mar 2026, page 175
- 27. Investor presentation, 28 Jul 2026, page 16
- 28. Investor presentation, 28 Jul 2026, page 16
- 29. Exchange filing, 25 Aug 2026, page 1
- 30. Exchange filing, 25 Aug 2026, page 3
- 31. Exchange filing, 31 Aug 2026, page 1
- 32. Earnings call, 28 Jul 2026, page 5
- 33. Investor presentation, 28 Jul 2026, page 19
- 34. Exchange filing, 1 Aug 2026, page 1
- 35. Investor presentation, 28 Jul 2026, page 10
- 36. Investor presentation, 28 Jul 2026, page 10
- 37. Investor presentation, 28 Jul 2026, page 10
- 38. Exchange filing, 18 Mar 2026, page 1
- 39. Annual report, 9 Mar 2026, page 330
- 40. Exchange filing, 30 Sep 2026, page 1
- 41. Exchange filing, 30 Sep 2026, page 2
Results
Consolidated; ₹ crore.Varun Beverages quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +14.6%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +18.9%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹8,651 Crup 28.70%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹1,525 Crup 73.59%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 17.6%
Revenue by quarter
Peak revenue ₹8,651 Cr, quarter to Jun 2026; lowest ₹3,818 Cr, quarter to Dec 2024
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,932what Revenue, Sep 2024, includes. This period's revenue includes excise duty of ₹127 crore, a tax on the goods the company makes that it collects and pays to the government. | 3,818what Revenue, Dec 2024, includes. This period's revenue includes excise duty of ₹129 crore, a tax on the goods the company makes that it collects and pays to the government. | 5,680what Revenue, Mar 2025, includes. This period's revenue includes excise duty of ₹113 crore, a tax on the goods the company makes that it collects and pays to the government. | 7,163what Revenue, Jun 2025, includes. This period's revenue includes excise duty of ₹146 crore, a tax on the goods the company makes that it collects and pays to the government. | 5,048what Revenue, Sep 2025, includes. This period's revenue includes excise duty of ₹151 crore, a tax on the goods the company makes that it collects and pays to the government. | 4,335what Revenue, Dec 2025, includes. This period's revenue includes excise duty of ₹130 crore, a tax on the goods the company makes that it collects and pays to the government. | 6,722what Revenue, Mar 2026, includes. This period's revenue includes excise duty of ₹147 crore, a tax on the goods the company makes that it collects and pays to the government. | 8,651what Revenue, Jun 2026, includes. This period's revenue includes excise duty of ₹199 crore, a tax on the goods the company makes that it collects and pays to the government. |
| Net profit | 629 | 196 | 731 | 1,325 | 745 | 260 | 879 | 1,525 |
| Net margin | 12.7% | 5.1% | 12.9% | 18.5% | 14.8% | 6.0% | 13.1% | 17.6% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Dec 2025, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹22,226 Crup 8.52%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹3,062 Crup 16.24%
- Net margin
- 13.8%
Revenue by year
Peak revenue ₹22,226 Cr, year to Dec 2025; lowest ₹3,852 Cr, year to Dec 2016
Net profit by year, a loss in red
| ₹ crore | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,852 | 4,516what Revenue, Dec 2017, includes. This period's revenue includes excise duty of ₹513 crore, a tax on the goods the company makes that it collects and pays to the government. | 5,228what Revenue, Dec 2018, includes. This period's revenue includes excise duty of ₹123 crore, a tax on the goods the company makes that it collects and pays to the government. | 7,248what Revenue, Dec 2019, includes. This period's revenue includes excise duty of ₹119 crore, a tax on the goods the company makes that it collects and pays to the government. | 6,556what Revenue, Dec 2020, includes. This period's revenue includes excise duty of ₹106 crore, a tax on the goods the company makes that it collects and pays to the government. | 8,958what Revenue, Dec 2021, includes. This period's revenue includes excise duty of ₹135 crore, a tax on the goods the company makes that it collects and pays to the government. | 13,391what Revenue, Dec 2022, includes. This period's revenue includes excise duty of ₹217 crore, a tax on the goods the company makes that it collects and pays to the government. | 16,321what Revenue, Dec 2023, includes. This period's revenue includes excise duty of ₹278 crore, a tax on the goods the company makes that it collects and pays to the government. | 20,481what Revenue, Dec 2024, includes. This period's revenue includes excise duty of ₹474 crore, a tax on the goods the company makes that it collects and pays to the government. | 22,226what Revenue, Dec 2025, includes. This period's revenue includes excise duty of ₹540 crore, a tax on the goods the company makes that it collects and pays to the government. |
| Net profit | 151 | 214 | 300 | 472 | 357 | 746 | 1,550 | 2,102 | 2,634 | 3,062 |
| Net margin | 3.9% | 4.7% | 5.7% | 6.5% | 5.4% | 8.3% | 11.6% | 12.9% | 12.9% | 13.8% |
Consolidated. Years to December. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Dec 2025 the company reports one business segment, Manufacturing and Distribution of Beverages, which carries all its revenue.
Valuation
Today, against the company's own history.Varun Beverages PE ratio and valuation
Price to earnings
At or below today's level on 5% of 2,102 trading days since May 2018.
LowestHighest
Its median58.64Industry median30.57
Price to book
At or below today's level on 9% of 1,948 trading days since Aug 2018.
LowestHighest
Its median9.36Industry median1.88
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 88% of 2,401 trading days since Feb 2017.
LowestHighest
Its median0.28%Industry median0.77%
Where the return came from
Yearly rates to Dec 2025, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −23.0% | +17.0% | −34.4% | 0.3% |
| 3 years | +23.0% | +24.9% | −1.7% | 0.2% |
| 5 years | +43.4% | +54.7% | −7.5% | 0.2% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 year is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth over 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Dec 2020.
Mutual fund holdings
315 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 120 of the 162 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 315 funds holding Varun Beverages
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 7
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 2
- AddedAdded. Funds that held more shares than at the end of the month before.
- 112
- CutCut. Funds that held fewer shares than at the end of the month before.
- 50
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 143
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 2
| Fund | |||
|---|---|---|---|
 SBI Large Cap FundSBI Mutual Fund | 2,45,00,000 | 2.02% | ₹1,058.4 Cr |
 Nippon India Growth Mid Cap FundNippon India Mutual Fund | 2,25,00,000 | 1.94% | ₹972.0 Cr |
| SBI Flexicap FundSBI Mutual Fund | 1,03,54,404 | 2.02% | ₹447.3 Cr |
| SBI Arbitrage FundSBI Mutual Fund | 81,35,775 | 0.76% | ₹351.5 Cr |
 Kotak Arbitrage FundKotak Mahindra Mutual Fund | 80,01,900 | 0.46% | ₹345.7 Cr |
 Mirae Asset Large Cap FundMirae Asset Mutual Fund | 78,27,631 | 0.95% | ₹338.2 Cr |
 ICICI Prudential Arbitrage FundICICI Prudential Mutual Fund | 75,09,750 | 0.91% | ₹324.4 Cr |
| Nippon India Focused FundNippon India Mutual Fund | 70,12,573 | 3.75% | ₹302.9 Cr |
 Tata Large & Mid Cap FundTata Mutual Fund | 70,00,000 | 4.17% | ₹302.4 Cr |
| Nippon India ELSS Tax Saver FundNippon India Mutual Fund | 61,00,000 | 1.87% | ₹263.5 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Varun Beverages insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade · 4 pledge filings of unclear kind
- Others: no market trade · 1 pledge filing of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Varun Beverages competitors and peers
Beverages, 35 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Varun Beverages in market cap.FMCG companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 United SpiritsUNITDSPR | 89,275 | 48.32 | 9.85 | +0.3% | +12.8% | 21.2% | 21.6% | 1.39% |
 Radico KhaitanRADICO | 55,406 | 69.58 | 15.10 | +14.3% | +74.0% | 24.0% | 27.9% | 0.22% |
 United BreweriesUBL | 31,665 | 65.37 | 6.94 | +5.1% | +32.2% | 10.9% | 10.6% | 0.84% |
 Allied Blenders and DistillersABDL | 19,641 | 86.08 | 11.97 | −3.4% | −11.2% | 14.3% | 15.5% | 0.77% |
 Tilaknagar IndustriesTI | 12,483 | – | 4.19 | +98.9% | −113.0% | −1.9% | 7.1% | 0.20% |
 Piccadily Agro IndustriesPICCADIL | 5,596 | 39.82 | 6.21 | +29.7% | +30.5% | 17.8% | 14.7% | 0.18% |
 Globus SpiritsGLOBUSSPR | 2,326 | 23.13 | – | +6.4% | +298.5% | 9.6% | 11.3% | 0.88% |
 India GlycolsINDIAGLYCO | 2,222 | – | – | +11.4% | +29.8% | – | – | 0.46% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Varun Beverages dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹1.50 a share, year to Dec 2025.
| Ex-date | Type | Per share |
|---|---|---|
| 31 Jul 2026 | Interim | ₹0.50 |
| 30 Apr 2026 | Interim | ₹0.50 |
| 8 Apr 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹0.50 |
| 1 Aug 2025 | Interim | ₹0.50 |
| 7 May 2025 | Interim | ₹0.50 |
| 4 Apr 2025 | Final | ₹0.50 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Varun Beverages announcements
Oct 2026
Sep 2026
24 Sep · Management
24 Sep · Management
Varun Beverages share price by year
Each calendar year to 2025.Varun Beverages share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 489.85 | −23.3% | 652.20 | 434.85 |
| 2024 | 638.50 | +29.1% | 674.12 | 490.32 |
| 2023 | 494.76 | +87.0% | 516.52 | 227.15 |
| 2022 | 264.51 | +123.3% | 282.78 | 112.18 |
| 2021 | 118.44 | +45.5% | 133.99 | 76.65 |
| 2020 | 81.43 | +29.3% | 87.22 | 47.06 |
| 2019 | 62.99 | +35.5% | 67.68 | 44.91 |
| 2018 | 46.48 | +20.1% | 48.84 | 35.66 |
| 2017 | 38.71 | +71.7% | 38.71 | 20.64 |
| 2016 | 22.55 | – | 27.23 | 21.30 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2016 is from its first session, 8 Nov 2016.
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 407.10 | 416.00 | 405.70 | 416.00 | 408.40 | 42,62,584 | 58.3% |
| 26 Oct 2026 | 396.50 | 409.80 | 388.05 | 408.00 | 402.69 | 74,19,018 | 55.7% |
| 23 Oct 2026 | 404.40 | 404.40 | 385.80 | 395.10 | 391.25 | 41,05,255 | 49.9% |
| 22 Oct 2026 | 405.10 | 406.40 | 399.00 | 400.80 | 402.04 | 43,98,528 | 48.4% |
| 21 Oct 2026 | 421.00 | 421.70 | 401.85 | 408.40 | 411.05 | 49,10,837 | 60.5% |
| 19 Oct 2026 | 430.00 | 430.45 | 418.50 | 420.55 | 422.08 | 47,11,070 | 56.8% |
| 16 Oct 2026 | 431.80 | 435.25 | 424.00 | 430.50 | 428.09 | 62,03,412 | 62.5% |
| 15 Oct 2026 | 442.75 | 444.35 | 429.15 | 429.25 | 434.46 | 40,69,643 | 56.8% |
| 14 Oct 2026 | 441.30 | 442.90 | 439.00 | 442.65 | 440.86 | 36,73,528 | 70.1% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 12 Sep 2024 | Split | 0.4000 | Every 2 shares became 5. |
| 15 Jun 2023 | Split | 0.5000 | Each share became 2. |
| 6 Jun 2022 | Bonus | 0.6667 | Holders received 1 bonus share for every 2 held. |
| 10 Jun 2021 | Bonus | 0.6667 | Holders received 1 bonus share for every 2 held. |
| 25 Jul 2019 | Bonus | 0.6667 | Holders received 1 bonus share for every 2 held. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.
Company details
- NSE symbol
- VBL
- BSE code
- 540180
- ISIN
- INE200M01039
- Industry
- Beverages
- Website
- varunbeverages.com
- CIN
- L74899DL1995PLC069839
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1995
- Registered office
- F-2/7, Okhla Industrial Area, Phase I, New Delhi 110020, Delhi
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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