Revenue · FY 2024
₹20,481 Cr
▲ 25.49% YoY
EBITDA · FY 2024
₹4,832.34 Cr
▲ 31% YoY
Net profit · FY 2024
₹2,634.29 Cr
▲ 25.33% YoY
Authorised capital
₹1,000 Cr
Registered with MCA
Paid-up capital
₹676.4 Cr
Issued & subscribed
Open charges
₹3,164.8 Cr
Satisfied ₹16,666 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
8,184
Latest available
About Varun Beverages Limited
Data last updated: 23 December 2025
Varun Beverages Limited is a public limited company based in New Delhi, Delhi, India. It specialises in non-alcoholic beverage manufacturing and distribution, a part of the broader food and beverages sector. Incorporated on 16 June 1995, the company has been in operation for over 31 years.
Registered with ROC Delhi under CIN U74899DL1995PLC069839. Listed on BSE: 540180 and NSE: VBL.
Capital: an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹676.4 Cr. It is led by directors including Rashmi Dhariwal and Rajinder Jeet Singh Bagga.
Last AGM: 03 April 2025. Financial statements filed for year ended 31 December 2024. Office: F – 2/7 Okhla Indl.Area Phase I, New Delhi, Delhi, India – 110020.
The company has a workforce of approximately 8,184 employees as per the latest available data.
The company is associated with 2 brands - Varun Beverages, Varun Pepsi. As per MCA filings, the company has open charges of ₹3,164.8 Cr and satisfied charges of ₹16,666 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varunpepsi.com.
Company Details of Varun Beverages Limited
CIN
L74899DL1995PLC069839
Registration Number
069839
Incorporation Date
16 June 1995
ROC
Delhi
Listing Status
Listed (BSE: 540180, NSE: VBL)
Company Status
Active
Date of Last AGM
03 April 2025
Date of Balance Sheet
31 December 2024
Compliance Status
Active Compliant
Key People
Rajinder Jeet Singh Bagga Whole-Time Director
Raj Pal Gandhi Whole-Time Director
Varun Jaipuria Whole-Time Director
Contact Details
-
Email**************
-
Telephone**************
-
Website**************
-
Social Media
-
Registered AddressF – 2/7 Okhla Indl.Area Phase I, New Delhi, Delhi, India – 110020
-
IndustryFood and Beverages, Non-Alcoholic Beverage Manufacturing & Distribution
Company report
Varun Beverages Limited - full intelligence report
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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CIN History of Varun Beverages Limited
Varun Beverages Limited has one previous CIN (Corporate Identification Number): U74899DL1995PLC069839. The current CIN is L74899DL1995PLC069839, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74899DL1995PLC069839 | Current |
| U74899DL1995PLC069839 | Previous |
Associated Brands with Varun Beverages Limited
Varun Beverages Limited operates two associated brands: Varun Beverages and Varun Pepsi. These brands represent Varun Beverages Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Brand of beverage products | varunbeverages.com | |
| PepsiCo beverages are bottled, sold, and distributed by Varun Beverages. | varunpepsi.com |
Business Activity of Varun Beverages Limited
Varun Beverages Limited operates primarily in the manufacturing sector. The company has 1 registered business activity segment, reflecting its diverse operational portfolio.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| ********* | Manufacturing | ********* | Food, beverages and tobacco products | ********* |
Board of Directors of Varun Beverages Limited
Varun Beverages Limited is currently managed by 12 directors, with 30 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Rashmi Dhariwal
Also directs:
Devyani International Limited, Sky Gate Hospitality Private Limited, Rj Corp Limited and 5 more
|
Director | 19 Mar 2018 | 8 Years 3 Months | Current |
| Rajinder Jeet Singh Bagga | Whole-Time Director | 02 May 2019 | 7 Years 2 Months | Current |
|
Ravi Gupta
Also directs:
Devyani International Limited, Global Health Limited, Epack Durable Limited and 5 more
|
Director | 19 Mar 2018 | 8 Years 3 Months | Current |
|
Ravi Kant Jaipuria
Also directs:
Devyani International Limited, Alisha Torrent Closures (India) Private Limited, Rj Corp Limited and 2 more
|
Director | 16 Jun 1995 | 31 Years 0 Months | Current |
|
Sita Khosla
Also directs:
Aurum Equity Partners Llp
|
Director | 16 Feb 2018 | 8 Years 4 Months | Current |
|
Raj Pal Gandhi
Also directs:
Devyani International Limited, Sky Gate Hospitality Private Limited, Alisha Torrent Closures (India) Private Limited and 5 more
|
Whole-Time Director | 21 Oct 2004 | 21 Years 8 Months | Current |
Showing 6 of 12 current directors. View all directors
Financials of Varun Beverages Limited FY 2024 filings available
Varun Beverages Limited reported revenue of ₹20,481 Cr (up 25.49% YoY) for FY 2024. Profit growth despite declining revenue indicates effective cost management and margin discipline.
Revenue · FY 2024
₹20,481 Cr
▲ 25.49%
Profit · FY 2024
₹2,634.29 Cr
▲ 25.33%
EBITDA · FY 2024
₹4,832.34 Cr
▲ 31%
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Revenue from Operations | ₹20,481 Cr | ₹16,321 Cr | ₹13,391 Cr | ₹8,958.29 Cr | ₹6,555.79 Cr |
| Other Income | ₹121.27 Cr | ₹79.36 Cr | ₹38.85 Cr | ₹67.93 Cr | ₹36.97 Cr |
| Total Income | ₹20,603 Cr | ₹16,400 Cr | ₹13,429 Cr | ₹9,026.22 Cr | ₹6,592.76 Cr |
| Cost of Materials Consumed | ₹8,293.74 Cr | ₹7,026.46 Cr | ₹6,417.09 Cr | ₹3,968.91 Cr | ₹2,688.51 Cr |
| Purchases of Stock-in-Trade | ₹685.92 Cr | ₹462.7 Cr | ₹188.57 Cr | ₹165.47 Cr | ₹92.59 Cr |
| Changes in Inventories | -₹74.94 Cr | -₹84.27 Cr | -₹344.51 Cr | -₹99.72 Cr | -₹17.16 Cr |
| Employee Benefit Expense | ₹1,885.03 Cr | ₹1,446.59 Cr | ₹1,216.64 Cr | ₹1,007.7 Cr | ₹889.74 Cr |
| Finance Costs | ₹450.39 Cr | ₹268.1 Cr | ₹186.12 Cr | ₹184.7 Cr | ₹281.1 Cr |
| Depreciation & Amortisation | ₹947.39 Cr | ₹680.91 Cr | ₹617.19 Cr | ₹531.26 Cr | ₹528.7 Cr |
| Other Expenses | ₹4,980.51 Cr | ₹3,860.1 Cr | ₹3,124.66 Cr | ₹2,261.29 Cr | ₹1,700.25 Cr |
| Total Expenses | ₹17,168 Cr | ₹13,661 Cr | ₹11,406 Cr | ₹8,019.61 Cr | ₹6,163.73 Cr |
| Profit Before Exceptional Items & Tax | ₹3,434.57 Cr | ₹2,739.84 Cr | ₹2,023.64 Cr | ₹1,006.61 Cr | ₹429.03 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | -₹66.53 Cr |
| Profit Before Tax | ₹3,434.57 Cr | ₹2,739.84 Cr | ₹2,023.64 Cr | ₹1,006.61 Cr | ₹362.51 Cr |
| Total Tax Expense | ₹798.8 Cr | ₹637.55 Cr | ₹473.52 Cr | ₹260.56 Cr | ₹5.23 Cr |
| Net Profit | ₹2,634.29 Cr | ₹2,101.81 Cr | ₹1,550.11 Cr | ₹746.05 Cr | ₹357.27 Cr |
| attributable to Owners | ₹2,594.63 Cr | ₹2,055.92 Cr | ₹1,497.43 Cr | ₹694.05 Cr | ₹329 Cr |
| attributable to NCI | ₹39.65 Cr | ₹45.89 Cr | ₹52.68 Cr | ₹52 Cr | ₹28.28 Cr |
| Other Comprehensive Income | ₹57.72 Cr | -₹8 Cr | -₹371.84 Cr | -₹29.89 Cr | -₹62.45 Cr |
| Total Comprehensive Income | ₹2,692 Cr | ₹2,093.81 Cr | ₹1,178.27 Cr | ₹716.17 Cr | ₹294.82 Cr |
| EBITDA (computed) | ₹4,832.34 Cr | ₹3,688.84 Cr | ₹2,826.95 Cr | ₹1,722.57 Cr | ₹1,238.84 Cr |
| Basic EPS | ₹7.95 | ₹15.83 | ₹23.05 | ₹16.03 | ₹11.40 |
| Diluted EPS | ₹7.94 | ₹15.82 | ₹23.05 | ₹16.03 | ₹11.40 |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Total Assets | ₹23,144 Cr | ₹15,187 Cr | ₹11,618 Cr |
| Non-current Assets | ₹15,280 Cr | ₹10,952 Cr | ₹8,214.21 Cr |
| Current Assets | ₹7,863.97 Cr | ₹4,235.63 Cr | ₹3,404.03 Cr |
| Property, Plant & Equipment | ₹11,986 Cr | ₹7,837.84 Cr | ₹6,357.08 Cr |
| Inventories | ₹2,791.23 Cr | ₹2,150.53 Cr | ₹1,993.89 Cr |
| Trade Receivables | ₹845.84 Cr | ₹359.39 Cr | ₹299.34 Cr |
| Cash & Equivalents | ₹2,266.28 Cr | ₹242.21 Cr | ₹154.33 Cr |
| Equity (Net Worth) | ₹16,740 Cr | ₹7,084.65 Cr | ₹5,215.49 Cr |
| Equity Share Capital | ₹676.3 Cr | ₹649.61 Cr | ₹649.55 Cr |
| Borrowings (Non-current) | ₹1,197.78 Cr | ₹3,386.82 Cr | ₹1,727.02 Cr |
| Borrowings (Current) | ₹1,628.48 Cr | ₹2,044.49 Cr | ₹1,967.79 Cr |
| Total Debt (computed) | ₹2,826.25 Cr | ₹5,431.31 Cr | ₹3,694.81 Cr |
| Current Liabilities | ₹4,524.43 Cr | ₹4,153.21 Cr | ₹3,968.75 Cr |
| Total Liabilities | ₹6,404.27 Cr | ₹8,102.53 Cr | ₹6,402.76 Cr |
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Operating Cash Flow | ₹3,381.1 Cr | ₹2,390.78 Cr | ₹1,790.03 Cr | ₹1,231.42 Cr |
| Investing Cash Flow | -₹4,316.78 Cr | -₹3,289.87 Cr | -₹1,704.6 Cr | -₹1,010.64 Cr |
| Financing Cash Flow | ₹2,953.54 Cr | ₹984.9 Cr | -₹17.94 Cr | -₹177.68 Cr |
| Capital Expenditure | ₹3,779.01 Cr | ₹3,264.05 Cr | ₹1,800.99 Cr | ₹834.8 Cr |
| Free Cash Flow (computed) | -₹397.91 Cr | -₹873.27 Cr | -₹10.96 Cr | ₹396.62 Cr |
| Dividends Paid | ₹324.82 Cr | ₹227.35 Cr | ₹162.39 Cr | ₹108.26 Cr |
| Net Change in Cash | ₹2,024.07 Cr | ₹87.88 Cr | ₹3.58 Cr | ₹46.19 Cr |
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹6,721.54 Cr | ₹4,334.8 Cr | ₹5,047.74 Cr | ₹7,163.02 Cr | ₹5,680.03 Cr | ₹3,817.62 Cr | ₹4,932.06 Cr | ₹7,333.67 Cr | ₹4,397.98 Cr | ₹2,730.98 Cr | ₹3,937.76 Cr | ₹5,699.73 Cr |
| Other Income | ₹43.53 Cr | ₹99.11 Cr | ₹148.03 Cr | ₹77.16 Cr | ₹28.06 Cr | ₹44.64 Cr | ₹24.25 Cr | ₹44.03 Cr | ₹8.35 Cr | ₹9.12 Cr | ₹18.51 Cr | ₹41.6 Cr |
| Total Income | ₹6,765.07 Cr | ₹4,433.9 Cr | ₹5,195.77 Cr | ₹7,240.18 Cr | ₹5,708.08 Cr | ₹3,862.25 Cr | ₹4,956.31 Cr | ₹7,377.7 Cr | ₹4,406.33 Cr | ₹2,740.1 Cr | ₹3,956.26 Cr | ₹5,741.34 Cr |
| Cost of Materials Consumed | ₹3,152.2 Cr | ₹1,922.07 Cr | ₹1,898.52 Cr | ₹2,845.4 Cr | ₹2,671.07 Cr | ₹1,705.49 Cr | ₹1,785.01 Cr | ₹2,872.33 Cr | ₹1,930.92 Cr | ₹1,208.69 Cr | ₹1,634.74 Cr | ₹2,218.73 Cr |
| Purchases of Stock-in-Trade | ₹65.21 Cr | ₹110.24 Cr | ₹88.91 Cr | ₹99.12 Cr | ₹71.18 Cr | ₹144.37 Cr | ₹146.32 Cr | ₹160.02 Cr | ₹235.22 Cr | ₹102.19 Cr | ₹109.81 Cr | ₹128.97 Cr |
| Changes in Inventories | -₹271.77 Cr | -₹156.25 Cr | ₹131.78 Cr | ₹246.58 Cr | -₹213.19 Cr | -₹229.66 Cr | ₹205.07 Cr | ₹228.24 Cr | -₹278.59 Cr | -₹153.98 Cr | -₹14.84 Cr | ₹318.88 Cr |
| Employee Benefit Expense | ₹619.27 Cr | ₹586.26 Cr | ₹553.32 Cr | ₹549.66 Cr | ₹511.5 Cr | ₹479.02 Cr | ₹513.04 Cr | ₹499.29 Cr | ₹393.67 Cr | ₹371.31 Cr | ₹371.55 Cr | ₹364.6 Cr |
| Finance Costs | ₹48.53 Cr | ₹46.69 Cr | ₹45.21 Cr | ₹36.55 Cr | ₹41.12 Cr | ₹109.01 Cr | ₹118.54 Cr | ₹129.16 Cr | ₹93.69 Cr | ₹73.66 Cr | ₹62.5 Cr | ₹69.37 Cr |
| Depreciation & Amortisation | ₹356.79 Cr | ₹330.2 Cr | ₹307.6 Cr | ₹306.15 Cr | ₹272.51 Cr | ₹260.78 Cr | ₹256.61 Cr | ₹242.48 Cr | ₹187.52 Cr | ₹165.97 Cr | ₹170.81 Cr | ₹171.93 Cr |
| Other Expenses | ₹1,627.69 Cr | ₹1,233.22 Cr | ₹1,227.84 Cr | ₹1,423.49 Cr | ₹1,375.5 Cr | ₹1,138.42 Cr | ₹1,131.51 Cr | ₹1,582.59 Cr | ₹1,128 Cr | ₹784.49 Cr | ₹954.36 Cr | ₹1,157.54 Cr |
| Total Expenses | ₹5,597.93 Cr | ₹4,072.43 Cr | ₹4,253.18 Cr | ₹5,506.95 Cr | ₹4,729.7 Cr | ₹3,607.43 Cr | ₹4,156.09 Cr | ₹5,714.09 Cr | ₹3,690.42 Cr | ₹2,552.33 Cr | ₹3,288.92 Cr | ₹4,430.01 Cr |
| Profit Before Exceptional Items & Tax | ₹1,167.14 Cr | ₹361.47 Cr | ₹942.59 Cr | ₹1,733.23 Cr | ₹978.39 Cr | ₹254.82 Cr | ₹800.23 Cr | ₹1,663.61 Cr | ₹715.91 Cr | ₹187.77 Cr | ₹667.34 Cr | ₹1,311.33 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹1,167.14 Cr | ₹361.47 Cr | ₹942.59 Cr | ₹1,733.23 Cr | ₹978.39 Cr | ₹254.82 Cr | ₹800.23 Cr | ₹1,663.61 Cr | ₹715.91 Cr | ₹187.77 Cr | ₹667.34 Cr | ₹1,311.33 Cr |
| Total Tax Expense | ₹284.48 Cr | ₹98.88 Cr | ₹195.72 Cr | ₹406.56 Cr | ₹246.45 Cr | ₹58.49 Cr | ₹171.31 Cr | ₹401.24 Cr | ₹167.77 Cr | ₹44.22 Cr | ₹152.86 Cr | ₹305.67 Cr |
| Net Profit | ₹878.71 Cr | ₹260 Cr | ₹745.19 Cr | ₹1,325.49 Cr | ₹731.36 Cr | ₹195.64 Cr | ₹628.83 Cr | ₹1,261.83 Cr | ₹547.98 Cr | ₹143.76 Cr | ₹514.06 Cr | ₹1,005.42 Cr |
| attributable to Owners | ₹872.36 Cr | ₹251.79 Cr | ₹741.19 Cr | ₹1,317.02 Cr | ₹726.49 Cr | ₹185.15 Cr | ₹619.61 Cr | ₹1,252.6 Cr | ₹537.27 Cr | ₹131.97 Cr | ₹501.07 Cr | ₹993.81 Cr |
| attributable to NCI | ₹6.36 Cr | ₹8.22 Cr | ₹4 Cr | ₹8.46 Cr | ₹4.87 Cr | ₹10.5 Cr | ₹9.21 Cr | ₹9.23 Cr | ₹10.71 Cr | ₹11.79 Cr | ₹12.99 Cr | ₹11.61 Cr |
| Other Comprehensive Income | ₹91.41 Cr | ₹260.15 Cr | ₹134.04 Cr | ₹22.27 Cr | ₹17.52 Cr | ₹77.11 Cr | -₹19.69 Cr | -₹19.8 Cr | ₹20.11 Cr | -₹21.62 Cr | -₹9.59 Cr | ₹4.87 Cr |
| Total Comprehensive Income | ₹970.12 Cr | ₹520.15 Cr | ₹879.24 Cr | ₹1,347.75 Cr | ₹748.88 Cr | ₹272.75 Cr | ₹609.13 Cr | ₹1,242.03 Cr | ₹568.09 Cr | ₹122.15 Cr | ₹504.47 Cr | ₹1,010.29 Cr |
| EBITDA (computed) | ₹1,572.46 Cr | ₹738.36 Cr | ₹1,295.4 Cr | ₹2,075.93 Cr | ₹1,292.02 Cr | ₹624.61 Cr | ₹1,175.37 Cr | ₹2,035.24 Cr | ₹997.11 Cr | ₹427.4 Cr | ₹900.65 Cr | ₹1,552.62 Cr |
| Basic EPS | ₹2.58 | ₹0.74 | ₹2.19 | ₹3.89 | ₹2.15 | ₹0.56 | ₹1.91 | ₹9.64 | ₹4.14 | ₹1.02 | ₹3.86 | ₹7.65 |
| Diluted EPS | ₹2.58 | ₹0.74 | ₹2.19 | ₹3.89 | ₹2.15 | ₹0.56 | ₹1.91 | ₹9.63 | ₹4.13 | ₹1.02 | ₹3.85 | ₹7.65 |
Latest 12 quarters shown of 25 on record.
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Revenue from Operations | ₹14,349 Cr | ₹12,633 Cr | ₹10,596 Cr | ₹6,595.74 Cr | ₹4,876.45 Cr |
| Other Income | ₹353.94 Cr | ₹146.14 Cr | ₹143.76 Cr | ₹57.3 Cr | ₹71.99 Cr |
| Total Income | ₹14,703 Cr | ₹12,779 Cr | ₹10,740 Cr | ₹6,653.04 Cr | ₹4,948.44 Cr |
| Cost of Materials Consumed | ₹6,362.23 Cr | ₹5,902.78 Cr | ₹5,459.3 Cr | ₹3,085.81 Cr | ₹2,131.33 Cr |
| Purchases of Stock-in-Trade | ₹202.91 Cr | ₹149.43 Cr | ₹120.18 Cr | ₹119.43 Cr | ₹87.48 Cr |
| Changes in Inventories | ₹38.84 Cr | -₹61.82 Cr | -₹302.35 Cr | -₹76.07 Cr | -₹3.14 Cr |
| Employee Benefit Expense | ₹1,177.55 Cr | ₹1,036.8 Cr | ₹920.47 Cr | ₹741.12 Cr | ₹695.06 Cr |
| Finance Costs | ₹349.66 Cr | ₹241.1 Cr | ₹154.26 Cr | ₹155.14 Cr | ₹249.02 Cr |
| Depreciation & Amortisation | ₹617.91 Cr | ₹518.33 Cr | ₹483.13 Cr | ₹399.83 Cr | ₹412.82 Cr |
| Other Expenses | ₹2,883.5 Cr | ₹2,624.19 Cr | ₹2,220.08 Cr | ₹1,546.25 Cr | ₹1,106.66 Cr |
| Total Expenses | ₹11,633 Cr | ₹10,411 Cr | ₹9,055.08 Cr | ₹5,971.52 Cr | ₹4,679.23 Cr |
| Profit Before Exceptional Items & Tax | ₹3,069.94 Cr | ₹2,368.16 Cr | ₹1,684.5 Cr | ₹681.52 Cr | ₹269.21 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | -₹66.53 Cr |
| Profit Before Tax | ₹3,069.94 Cr | ₹2,368.16 Cr | ₹1,684.5 Cr | ₹681.52 Cr | ₹202.68 Cr |
| Total Tax Expense | ₹749.58 Cr | ₹593.04 Cr | ₹414.3 Cr | ₹192.04 Cr | -₹23.75 Cr |
| Net Profit | ₹2,320.36 Cr | ₹1,775.13 Cr | ₹1,270.2 Cr | ₹489.49 Cr | ₹226.43 Cr |
| Other Comprehensive Income | ₹20.81 Cr | -₹2.08 Cr | ₹8.06 Cr | ₹5.63 Cr | -₹8.79 Cr |
| Total Comprehensive Income | ₹2,341.17 Cr | ₹1,773.05 Cr | ₹1,278.26 Cr | ₹495.11 Cr | ₹217.64 Cr |
| EBITDA (computed) | ₹4,037.5 Cr | ₹3,127.59 Cr | ₹2,321.89 Cr | ₹1,236.5 Cr | ₹931.04 Cr |
| Basic EPS | ₹7.11 | ₹13.66 | ₹19.56 | ₹11.30 | ₹7.84 |
| Diluted EPS | ₹7.11 | ₹13.66 | ₹19.55 | ₹11.30 | ₹7.84 |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Total Assets | ₹19,484 Cr | ₹14,009 Cr | ₹11,069 Cr |
| Non-current Assets | ₹14,146 Cr | ₹11,074 Cr | ₹8,617.05 Cr |
| Current Assets | ₹5,338.05 Cr | ₹2,935.13 Cr | ₹2,451.9 Cr |
| Property, Plant & Equipment | ₹8,633.15 Cr | ₹6,391.19 Cr | ₹5,202.07 Cr |
| Inventories | ₹1,688.71 Cr | ₹1,535.87 Cr | ₹1,426.15 Cr |
| Trade Receivables | ₹199.76 Cr | ₹212.94 Cr | ₹150.24 Cr |
| Cash & Equivalents | ₹2,058.08 Cr | ₹49.48 Cr | ₹47.39 Cr |
| Equity (Net Worth) | ₹16,559 Cr | ₹7,075.8 Cr | ₹5,517.4 Cr |
| Equity Share Capital | ₹676.3 Cr | ₹649.61 Cr | ₹649.55 Cr |
| Borrowings (Non-current) | ₹186.17 Cr | ₹3,114.91 Cr | ₹1,765 Cr |
| Borrowings (Current) | ₹695.04 Cr | ₹1,767.19 Cr | ₹1,829.96 Cr |
| Total Debt (computed) | ₹881.21 Cr | ₹4,882.1 Cr | ₹3,594.96 Cr |
| Current Liabilities | ₹2,173.32 Cr | ₹3,292.94 Cr | ₹3,268.31 Cr |
| Total Liabilities | ₹2,925.27 Cr | ₹6,933.65 Cr | ₹5,551.54 Cr |
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Operating Cash Flow | ₹2,966.94 Cr | ₹1,952.88 Cr | ₹1,558.79 Cr | ₹867.86 Cr |
| Investing Cash Flow | -₹3,687.09 Cr | -₹2,769.57 Cr | -₹1,509.31 Cr | -₹725.33 Cr |
| Financing Cash Flow | ₹2,728.75 Cr | ₹818.78 Cr | -₹26.23 Cr | -₹154.79 Cr |
| Capital Expenditure | ₹2,383.31 Cr | ₹2,646.45 Cr | ₹1,348.49 Cr | ₹630.45 Cr |
| Free Cash Flow (computed) | ₹583.64 Cr | -₹693.58 Cr | ₹210.3 Cr | ₹237.42 Cr |
| Dividends Paid | ₹324.82 Cr | ₹227.35 Cr | ₹162.39 Cr | ₹108.26 Cr |
| Net Change in Cash | ₹2,008.6 Cr | ₹2.09 Cr | ₹23.24 Cr | -₹12.26 Cr |
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹4,500.55 Cr | ₹2,135.29 Cr | ₹3,063.98 Cr | ₹5,305.02 Cr | ₹4,052.53 Cr | ₹2,014.03 Cr | ₹3,086.84 Cr | ₹5,801.59 Cr | ₹3,446.15 Cr | ₹1,846.3 Cr | ₹2,892.38 Cr | ₹4,672.29 Cr |
| Other Income | ₹74.32 Cr | ₹214.43 Cr | ₹149.69 Cr | ₹90.01 Cr | ₹59.8 Cr | ₹153.9 Cr | ₹100.18 Cr | ₹67.25 Cr | ₹32.61 Cr | ₹51.08 Cr | ₹31.04 Cr | ₹45.52 Cr |
| Total Income | ₹4,574.88 Cr | ₹2,349.72 Cr | ₹3,213.68 Cr | ₹5,395.04 Cr | ₹4,112.33 Cr | ₹2,167.93 Cr | ₹3,187.02 Cr | ₹5,868.84 Cr | ₹3,478.76 Cr | ₹1,897.38 Cr | ₹2,923.42 Cr | ₹4,717.81 Cr |
| Cost of Materials Consumed | ₹2,308.76 Cr | ₹1,100.78 Cr | ₹1,262.2 Cr | ₹2,171.68 Cr | ₹2,067.23 Cr | ₹1,023.93 Cr | ₹1,259.34 Cr | ₹2,405.13 Cr | ₹1,673.83 Cr | ₹959.34 Cr | ₹1,298.34 Cr | ₹1,942.37 Cr |
| Purchases of Stock-in-Trade | ₹21.69 Cr | ₹21.22 Cr | ₹6.14 Cr | ₹57.73 Cr | ₹55.37 Cr | ₹70.74 Cr | ₹19.72 Cr | ₹35.59 Cr | ₹76.86 Cr | ₹21.82 Cr | ₹22.15 Cr | ₹50.9 Cr |
| Changes in Inventories | -₹239.6 Cr | -₹167.46 Cr | ₹127.81 Cr | ₹265.19 Cr | -₹212.58 Cr | -₹202.1 Cr | ₹132.15 Cr | ₹274.57 Cr | -₹165.78 Cr | -₹135.53 Cr | -₹33.4 Cr | ₹274.97 Cr |
| Employee Benefit Expense | ₹329.83 Cr | ₹319.39 Cr | ₹302.97 Cr | ₹330.43 Cr | ₹307.44 Cr | ₹277.11 Cr | ₹304.84 Cr | ₹320.93 Cr | ₹274.68 Cr | ₹253.75 Cr | ₹261.28 Cr | ₹269.05 Cr |
| Finance Costs | ₹4.26 Cr | ₹12.82 Cr | ₹7.94 Cr | ₹3.69 Cr | ₹7.8 Cr | ₹63.89 Cr | ₹98.64 Cr | ₹103.17 Cr | ₹83.96 Cr | ₹66.55 Cr | ₹55.69 Cr | ₹62.3 Cr |
| Depreciation & Amortisation | ₹198.98 Cr | ₹185.28 Cr | ₹172.03 Cr | ₹180.11 Cr | ₹165.01 Cr | ₹154.33 Cr | ₹157.31 Cr | ₹166.81 Cr | ₹139.46 Cr | ₹125.24 Cr | ₹127.98 Cr | ₹129.49 Cr |
| Other Expenses | ₹907.52 Cr | ₹535.98 Cr | ₹578.07 Cr | ₹838.51 Cr | ₹824.76 Cr | ₹521.22 Cr | ₹569.84 Cr | ₹1,026.78 Cr | ₹765.66 Cr | ₹452.7 Cr | ₹636.8 Cr | ₹827.14 Cr |
| Total Expenses | ₹3,531.44 Cr | ₹2,008.01 Cr | ₹2,457.15 Cr | ₹3,847.34 Cr | ₹3,215.01 Cr | ₹1,909.13 Cr | ₹2,541.83 Cr | ₹4,332.98 Cr | ₹2,848.67 Cr | ₹1,743.87 Cr | ₹2,368.82 Cr | ₹3,556.22 Cr |
| Profit Before Exceptional Items & Tax | ₹1,043.44 Cr | ₹341.71 Cr | ₹756.53 Cr | ₹1,547.7 Cr | ₹897.31 Cr | ₹258.8 Cr | ₹645.19 Cr | ₹1,535.86 Cr | ₹630.09 Cr | ₹153.51 Cr | ₹554.61 Cr | ₹1,161.58 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹1,043.44 Cr | ₹341.71 Cr | ₹756.53 Cr | ₹1,547.7 Cr | ₹897.31 Cr | ₹258.8 Cr | ₹645.19 Cr | ₹1,535.86 Cr | ₹630.09 Cr | ₹153.51 Cr | ₹554.61 Cr | ₹1,161.58 Cr |
| Total Tax Expense | ₹255.53 Cr | ₹80.69 Cr | ₹179.12 Cr | ₹387.54 Cr | ₹219.25 Cr | ₹50.18 Cr | ₹152.85 Cr | ₹385.73 Cr | ₹160.82 Cr | ₹34.88 Cr | ₹139 Cr | ₹293.61 Cr |
| Net Profit | ₹787.91 Cr | ₹261.02 Cr | ₹577.4 Cr | ₹1,160.16 Cr | ₹678.06 Cr | ₹208.62 Cr | ₹492.34 Cr | ₹1,150.14 Cr | ₹469.27 Cr | ₹118.63 Cr | ₹415.61 Cr | ₹867.97 Cr |
| Other Comprehensive Income | ₹2.1 Cr | ₹20.56 Cr | ₹1.44 Cr | -₹2.23 Cr | ₹46.6 Lakh | ₹15.78 Cr | ₹2.02 Cr | -₹1.59 Cr | ₹4.6 Cr | -₹3.04 Cr | ₹15.9 Lakh | -₹1.42 Cr |
| Total Comprehensive Income | ₹790.01 Cr | ₹281.58 Cr | ₹578.84 Cr | ₹1,157.93 Cr | ₹678.53 Cr | ₹224.39 Cr | ₹494.36 Cr | ₹1,148.54 Cr | ₹473.88 Cr | ₹115.59 Cr | ₹415.76 Cr | ₹866.55 Cr |
| EBITDA (computed) | ₹1,246.68 Cr | ₹539.81 Cr | ₹936.49 Cr | ₹1,731.49 Cr | ₹1,070.12 Cr | ₹477.02 Cr | ₹901.13 Cr | ₹1,805.84 Cr | ₹853.51 Cr | ₹345.3 Cr | ₹738.27 Cr | ₹1,353.38 Cr |
| Basic EPS | ₹2.33 | ₹0.77 | ₹1.71 | ₹3.43 | ₹2.01 | ₹0.63 | ₹1.52 | ₹8.85 | ₹3.61 | ₹0.91 | ₹3.20 | ₹6.68 |
| Diluted EPS | ₹2.33 | ₹0.77 | ₹1.71 | ₹3.43 | ₹2.00 | ₹0.63 | ₹1.51 | ₹8.85 | ₹3.61 | ₹0.91 | ₹3.20 | ₹6.68 |
Latest 12 quarters shown of 25 on record.
Want more history and ratios?
You're viewing the latest exchange-filed financials for Varun Beverages Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
Board & Governance of Varun Beverages Limited
As per the corporate governance filing with NSE for the quarter ended 31-DEC-2025, the board of Varun Beverages Limited has 10 directors - 5 independent and 3 executive. The board is chaired by Ravi Kant Jaipuria.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Ravi Kant Jaipuria | Non-Executive - Non Independent Director · Chairperson | 1995-06-16 | 4 |
| Varun Jaipuria | Executive Director | 2009-01-01 | 3 |
| Raj Pal Gandhi | Executive Director | 2004-10-21 | 3 |
| Rajinder Jeet Singh Bagga | Executive Director | 2019-05-02 | 1 |
| Naresh Trehan | Non-Executive - Non Independent Director | 2024-04-21 | 2 |
| Ravi Gupta | Non-Executive - Independent Director | 2018-03-19 | 4 |
| Abhiram Seth | Non-Executive - Independent Director | 2023-05-02 | 2 |
| Anil Kumar Sondhi | Non-Executive - Independent Director | 2023-05-02 | 1 |
| Sita Khosla | Non-Executive - Independent Director | 2018-02-16 | 1 |
| Rashmi Dhariwal | Non-Executive - Independent Director | 2018-03-19 | 4 |
Board Committees
| Committee | Members |
|---|---|
| Audit Committee | Ravi Gupta (Chairperson), Rashmi Dhariwal, Sita Khosla |
| Nomination and remuneration committee | Rashmi Dhariwal (Chairperson), Ravi Kant Jaipuria, Ravi Gupta |
| Stakeholders Relationship Committee | Sita Khosla (Chairperson), Raj Pal Gandhi, Rashmi Dhariwal |
| Risk Management Committee | Ravi Gupta (Chairperson), Rashmi Dhariwal, Sita Khosla |
| Corporate Social Responsibility Committee | Rashmi Dhariwal (Chairperson), Ravi Kant Jaipuria, Varun Jaipuria, Raj Pal Gandhi |
Charges & Borrowings of Varun Beverages Limited
Open charges
₹3,164.8 Cr
Satisfied charges
₹16,666 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Jul 2025 | Others | ₹150 Cr | Open |
| 27 Feb 2017 | Others | ₹250 Cr | Open |
| 18 Feb 2016 | Others | ₹2,764.8 Cr | Open |
| 12 Aug 2024 | Hdfc Bank Limited | ₹1,000 Cr | Satisfied |
| 12 Mar 2024 | Hdfc Bank Limited | ₹350 Cr | Satisfied |
Total charge records: 214 View all charges
Employees and EPFO Compliance at Varun Beverages Limited
View historical data on people associated with Varun Beverages Limited, including employment history and EPFO contributions.
Employee Count & EPFO Data of Varun Beverages Limited
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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification
GST Compliance of Varun Beverages Limited
XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS
GSTIN & GST Filing Data of Varun Beverages Limited
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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution
Credit Ratings, Litigation & Regulatory Alerts for Varun Beverages Limited
Credit rating
2015
2017
2019
2021
2023
Litigation
District Court
35
High Court
45
Supreme Court
0
NCLT / NCLAT
0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults
Credit Ratings, Legal Cases & Regulatory Alerts of Varun Beverages Limited
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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)
MSME Payment Delays by Varun Beverages Limited
MSME Payment Delays by Varun Beverages Limited
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal
Subsidiaries & Group Companies of Varun Beverages Limited
Subsidiaries & Group Companies of Varun Beverages Limited
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Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year
MCA Filings & Documents of Varun Beverages Limited
MCA Filings & Documents of Varun Beverages Limited
Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.
Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates
Recent Activity on Varun Beverages Limited
Charges
27 Nov 2025
A charge with Others of Rs. 150.00 Cr registered on 28 Jul 2025 with Charge ID 101133845 was modified on 27 Nov 2025.
Directors
04 Aug 2025
Pankaj Madan was appointed as a Cfo on 04 Aug 2025 & has been associated with this company since 11 months 5 days.
Charges
28 Jul 2025
A charge with Others amounted to Rs. 150.00 Cr with Charge ID 101133845 was registered on 28 Jul 2025.
Charges
07 May 2025
A charge registered on 12 Aug 2024 via Charge ID 100968992 with Hdfc Bank Limited was fully satisfied on 07 May 2025.
Charges
28 Apr 2025
A charge registered on 25 May 2022 via Charge ID 100575898 with Others was fully satisfied on 28 Apr 2025.
Charges
25 Apr 2025
A charge registered on 17 Jun 2021 via Charge ID 100453674 with Others was fully satisfied on 25 Apr 2025.
Recent News on Varun Beverages Limited
Frequently Asked Questions about Varun Beverages Limited
Varun Beverages Limited is an active public limited company in the food and beverages sector based in New Delhi, Delhi, India. It was incorporated on 16 June 1995 (31+ years old) and is registered under CIN L74899DL1995PLC069839. Listed on BSE: 540180 and NSE: VBL. The company has 8,184 employees.
The current directors of Varun Beverages Limited are:
The primary industry of Varun Beverages Limited is food and beverages. The company specifically operates in non-alcoholic beverage manufacturing and distribution. The company is currently active in this sector.
Yes. Varun Beverages Limited is listed on both BSE (code: 540180) and NSE (symbol: VBL).
Varun Beverages Limited can be reached at the registered office: F – 27 Okhla Indl.Area Phase I, New Delhi, Delhi, India – 110020, or through the website varunpepsi.com.
The authorised capital is ₹1,000 Cr, and the paid-up capital is ₹676.4 Cr.