Shares of Varun Beverages declined by 2.02% to trade at Rs 506.80 in Friday's session. The stock is part of the NIFTY NEXT 50 index.
Financial Performance:
Consolidated Quarterly Results:
The company's consolidated quarterly financial performance shows the following trends:
Heading | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
---|---|---|---|---|---|
Revenue | Rs 7,196.86 Crore | Rs 4,804.68 Crore | Rs 3,688.79 Crore | Rs 5,566.94 Crore | Rs 7,017.37 Crore |
Net Profit | Rs 1,262.37 Crore | Rs 628.92 Crore | Rs 196.33 Crore | Rs 731.94 Crore | Rs 1,326.68 Crore |
EPS | 9.64 | 1.91 | 0.56 | 2.15 | 3.89 |
Consolidated Yearly Results:
The company's consolidated yearly financial performance reveals the following:
Heading | 2020 | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|
Revenue | Rs 6,450.14 Crore | Rs 8,823.23 Crore | Rs 13,173.14 Crore | Rs 16,042.58 Crore | Rs 20,007.65 Crore |
Net Profit | Rs 423.80 Crore | Rs 746.05 Crore | Rs 1,550.12 Crore | Rs 2,102.29 Crore | Rs 2,635.76 Crore |
EPS | 11.40 | 16.03 | 23.05 | 15.83 | 7.95 |
BVPS | 124.31 | 96.91 | 80.29 | 54.53 | 49.12 |
ROE | 9.33 | 17.01 | 29.34 | 29.64 | 15.62 |
Debt to Equity | 0.76 | 0.60 | 0.72 | 0.75 | 0.14 |
Annual Income Statement:
The consolidated annual income statement shows consistent growth in sales and total income. Sales increased from Rs 6,450 Crore in December 2020 to Rs 20,007 Crore in December 2024. Net profit also saw a significant rise from Rs 423 Crore in December 2020 to Rs 2,635 Crore in December 2024.
Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
---|---|---|---|---|---|
Sales | Rs 20,007 Crore | Rs 16,042 Crore | Rs 13,173 Crore | Rs 8,823 Crore | Rs 6,450 Crore |
Other Income | Rs 121 Crore | Rs 79 Crore | Rs 38 Crore | Rs 67 Crore | Rs 36 Crore |
Total Income | Rs 20,128 Crore | Rs 16,121 Crore | Rs 13,211 Crore | Rs 8,891 Crore | Rs 6,487 Crore |
Total Expenditure | Rs 16,243 Crore | Rs 13,114 Crore | Rs 11,002 Crore | Rs 7,699 Crore | Rs 5,776 Crore |
EBIT | Rs 3,884 Crore | Rs 3,007 Crore | Rs 2,209 Crore | Rs 1,191 Crore | Rs 710 Crore |
Interest | Rs 450 Crore | Rs 268 Crore | Rs 186 Crore | Rs 184 Crore | Rs 281 Crore |
Tax | Rs 798 Crore | Rs 637 Crore | Rs 473 Crore | Rs 260 Crore | Rs 5 Crore |
Net Profit | Rs 2,635 Crore | Rs 2,102 Crore | Rs 1,550 Crore | Rs 746 Crore | Rs 423 Crore |
Quarterly Income Statement:
The consolidated quarterly income statement demonstrates the fluctuations in sales and net profit. Sales varied from Rs 3,688 Crore in December 2024 to Rs 7,196 Crore in June 2024. Net profit also experienced variations, ranging from Rs 196 Crore in December 2024 to Rs 1,326 Crore in June 2025.
Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
---|---|---|---|---|---|
Sales | Rs 7,017 Crore | Rs 5,566 Crore | Rs 3,688 Crore | Rs 4,804 Crore | Rs 7,196 Crore |
Other Income | Rs 77 Crore | Rs 28 Crore | Rs 44 Crore | Rs 24 Crore | Rs 44 Crore |
Total Income | Rs 7,094 Crore | Rs 5,595 Crore | Rs 3,733 Crore | Rs 4,828 Crore | Rs 7,240 Crore |
Total Expenditure | Rs 5,324 Crore | Rs 4,575 Crore | Rs 3,369 Crore | Rs 3,910 Crore | Rs 5,448 Crore |
EBIT | Rs 1,769 Crore | Rs 1,019 Crore | Rs 363 Crore | Rs 918 Crore | Rs 1,792 Crore |
Interest | Rs 36 Crore | Rs 41 Crore | Rs 109 Crore | Rs 118 Crore | Rs 129 Crore |
Tax | Rs 406 Crore | Rs 246 Crore | Rs 58 Crore | Rs 171 Crore | Rs 401 Crore |
Net Profit | Rs 1,326 Crore | Rs 731 Crore | Rs 196 Crore | Rs 628 Crore | Rs 1,262 Crore |
Cash Flow:
The cash flow statement indicates fluctuations in cash flow from operating, investing, and financing activities.
Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
---|---|---|---|---|---|
Operating Activities | Rs 3,381 Crore | Rs 2,390 Crore | Rs 1,790 Crore | Rs 1,231 Crore | Rs 1,011 Crore |
Investing Activities | Rs -4,316 Crore | Rs -3,289 Crore | Rs -1,704 Crore | Rs -1,010 Crore | Rs -471 Crore |
Financing Activities | Rs 2,953 Crore | Rs 984 Crore | Rs -17 Crore | Rs -177 Crore | Rs -573 Crore |
Others | Rs 6 Crore | Rs 2 Crore | Rs -63 Crore | Rs 3 Crore | Rs 0 Crore |
Net Cash Flow | Rs 2,024 Crore | Rs 87 Crore | Rs 3 Crore | Rs 46 Crore | Rs -33 Crore |
Balance Sheet:
The balance sheet data shows a steady increase in total assets and total liabilities over the years.
Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
---|---|---|---|---|---|
Share Capital | Rs 676 Crore | Rs 649 Crore | Rs 649 Crore | Rs 433 Crore | Rs 288 Crore |
Reserves & Surplus | Rs 15,933 Crore | Rs 6,286 Crore | Rs 4,452 Crore | Rs 3,646 Crore | Rs 3,235 Crore |
Current Liabilities | Rs 4,524 Crore | Rs 4,153 Crore | Rs 3,968 Crore | Rs 3,020 Crore | Rs 2,434 Crore |
Other Liabilities | Rs 2,009 Crore | Rs 4,097 Crore | Rs 2,547 Crore | Rs 2,481 Crore | Rs 2,499 Crore |
Total Liabilities | Rs 23,143 Crore | Rs 15,187 Crore | Rs 11,618 Crore | Rs 9,581 Crore | Rs 8,458 Crore |
Fixed Assets | Rs 14,267 Crore | Rs 10,307 Crore | Rs 7,514 Crore | Rs 6,783 Crore | Rs 6,451 Crore |
Current Assets | Rs 7,863 Crore | Rs 4,235 Crore | Rs 3,404 Crore | Rs 2,546 Crore | Rs 1,799 Crore |
Other Assets | Rs 1,012 Crore | Rs 644 Crore | Rs 699 Crore | Rs 252 Crore | Rs 207 Crore |
Total Assets | Rs 23,143 Crore | Rs 15,187 Crore | Rs 11,618 Crore | Rs 9,581 Crore | Rs 8,458 Crore |
Contingent Liabilities | Rs 2,993 Crore | Rs 3,298 Crore | Rs 1,910 Crore | Rs 785 Crore | Rs 461 Crore |
Financial Ratios:
Key financial ratios for Varun Beverages include:
Ratio | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 |
---|---|---|---|---|---|
Basic EPS (Rs.) | 11.40 | 16.03 | 23.05 | 15.83 | 7.95 |
Book Value /Share (Rs.) | 124.31 | 96.91 | 80.29 | 54.53 | 49.12 |
Debt to Equity (x) | 0.76 | 0.60 | 0.72 | 0.75 | 0.14 |
P/B (x) | 7.50 | 9.41 | 16.84 | 23.16 | 13.00 |
Corporate Actions:
Bonus History: The company has a history of bonus issues. It had 1:2 bonus issue with exbonus dates on June 6, 2022, June 10, 2021 and July 25, 2019.
Stock Split History: The company also has history of stock splits. It had stock splits on September 12, 2024 (Old FV:5, New FV:2) and June 15, 2023 (Old FV:10, New FV:5).
Dividend History: Varun Beverages has announced multiple dividends. Recent dividends include:
With the stock currently trading at Rs 506.80, Varun Beverages has shown a decline of 2.02% in today's session.
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