Shares of Varun Beverages gained 2.08% to trade at Rs 490.10 in Thursday's session, emerging as one of the top gainers on the Nifty Next 50 index. The rise reflects a positive movement from its previous close.
Financial Snapshot
The company's financial performance reveals the following trends based on consolidated results:
Quarterly Performance:
| Heading | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 4,317.31 Crore | Rs 7,196.86 Crore | Rs 4,804.68 Crore | Rs 3,688.79 Crore | Rs 5,566.94 Crore |
| Net Profit | Rs 548.14 Crore | Rs 1,262.37 Crore | Rs 628.92 Crore | Rs 196.33 Crore | Rs 731.94 Crore |
| EPS | 4.14 | 9.64 | 1.91 | 0.56 | 2.15 |
The revenue for the quarter-ending March 2025 stood at Rs 5,566.94 Crore, up from Rs 4,317.31 Crore in March 2024. The net profit for the quarter-ending March 2025 was Rs 731.94 Crore compared to Rs 548.14 Crore in March 2024. Earnings per share (EPS) stood at 2.15 in March 2025, down from 4.14 in March 2024.
Annual Performance:
| 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 |
The revenue increased from Rs 16,042.58 Crore in 2023 to Rs 20,007.65 Crore in 2024. Net profit also rose from Rs 2,102.29 Crore in 2023 to Rs 2,635.76 Crore in 2024. The Earnings per share (EPS) decreased from 15.83 to 7.95, and the Return on Equity (ROE) decreased from 29.64% to 15.62% during the same period. The company reported a debt-to-equity ratio of 0.14 as of the year-ending December 2024.
Financial Ratios:
| Ratio | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 11.40 | 16.03 | 23.05 | 15.83 | 7.95 |
| Diluted EPS (Rs.) | 11.40 | 16.03 | 23.05 | 15.82 | 7.94 |
| Book Value /Share (Rs.) | 124.31 | 96.91 | 80.29 | 54.53 | 49.12 |
| Dividend/Share (Rs.) | 2.50 | 2.50 | 3.50 | 2.50 | 1.00 |
| Face Value | 10 | 10 | 10 | 5 | 2 |
| Gross Profit Margin (%) | 19.20 | 19.52 | 21.45 | 22.99 | 24.15 |
| Operating Margin (%) | 11.00 | 13.50 | 16.77 | 18.74 | 19.41 |
| Net Profit Margin (%) | 6.57 | 8.45 | 11.76 | 13.10 | 13.17 |
| Return on Equity (%) | 9.33 | 17.01 | 29.34 | 29.64 | 15.62 |
| ROCE (%) | 11.78 | 18.15 | 28.88 | 27.26 | 20.86 |
| Return On Assets (%) | 3.88 | 7.24 | 12.88 | 13.53 | 11.21 |
| Current Ratio (X) | 0.74 | 0.84 | 0.86 | 1.02 | 1.74 |
| Quick Ratio (X) | 0.36 | 0.36 | 0.36 | 0.50 | 1.12 |
| Debt to Equity (x) | 0.76 | 0.60 | 0.72 | 0.75 | 0.14 |
| Interest Coverage Ratios (X) | 2.53 | 9.33 | 15.19 | 13.76 | 10.73 |
| Asset Turnover Ratio (%) | 76.25 | 0.75 | 1.24 | 1.20 | 1.04 |
| Inventory Turnover Ratio (X) | 6.94 | 3.09 | 3.73 | 3.39 | 3.36 |
| 3 Yr CAGR Sales (%) | 26.93 | 31.46 | 35.93 | 57.71 | 50.59 |
| 3 Yr CAGR Net Profit (%) | 41.15 | 58.53 | 82.03 | 122.72 | 87.96 |
| P/B (x) | 7.50 | 9.41 | 16.84 | 23.16 | 13.00 |
| EV/EBITDA (x) | 23.41 | 23.58 | 31.63 | 44.88 | 44.69 |
| P/S (x) | 4.10 | 4.35 | 6.52 | 10.01 | 10.79 |
Corporate Actions
Varun Beverages Limited's board has announced corporate actions including dividends and stock splits. Key highlights include:
With the stock currently trading at Rs 490.10, Varun Beverages has demonstrated a notable increase of 2.08% at 10:48 AM in today's session, positioning it as a top performer on the Nifty Next 50 index.
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