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Varun Beverages Ltd
BSE:540180

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Varun Beverages Ltd
BSE:540180
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Price: 438 INR 0.21% Market Closed
Market Cap: ₹569.2B

Net Margin

13.7%
Current
Improving
by 0.8%
vs 3-y average of 12.9%

Net Margin shows how much profit a company keeps from each dollar of sales after all expenses, including taxes and interest. It reflects the company`s overall profitability.

Net Margin
13.7%
=
Net Income
₹30.4B
/
Revenue
₹222.3B

Net Margin shows how much profit a company keeps from each dollar of sales after all expenses, including taxes and interest. It reflects the company`s overall profitability.

Net Margin
13.7%
=
Net Income
₹30.4B
/
Revenue
₹222.3B

Peer Comparison

Country Company Market Cap Net
Margin
IN
Varun Beverages Ltd
NSE:VBL
1.5T INR
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US
Coca-Cola Co
NYSE:KO
337.6B USD
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US
PepsiCo Inc
NASDAQ:PEP
229B USD
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MX
Fomento Economico Mexicano SAB de CV
NYSE:FMX
189.9B USD
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US
Monster Beverage Corp
NASDAQ:MNST
79.9B USD
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CN
Nongfu Spring Co Ltd
HKEX:9633
544.8B HKD
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UK
Coca-Cola Europacific Partners PLC
NASDAQ:CCEP
43.8B USD
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US
Keurig Dr Pepper Inc
NASDAQ:KDP
38.1B USD
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MX
Coca-Cola Femsa SAB de CV
NYSE:KOF
22.9B USD
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CH
Coca Cola HBC AG
LSE:CCH
15.5B GBP
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CN
Eastroc Beverage Group Co Ltd
SSE:605499
142.7B CNY
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Market Distribution

Higher than 75% of companies in India
Percentile
75th
Based on 5 531 companies
75th percentile
13.7%
Low
-305 007.7% — 2.1%
Typical Range
2.1% — 11.6%
High
11.6% — 1 221 633.3%
Distribution Statistics
India
Min -305 007.7%
30th Percentile 2.1%
Median 5.8%
70th Percentile 11.6%
Max 1 221 633.3%

Varun Beverages Ltd
Glance View

In the bustling world of beverages, where consumer preferences constantly evolve, Varun Beverages Ltd. has carved out a formidable presence. As one of the largest franchisees of PepsiCo outside the United States, the company plays a pivotal role in the bottling and distribution of popular soft drinks, including Pepsi, Mountain Dew, 7UP, and Mirinda. Established in 1995, the company has expanded its footprint across several continents, operating in countries such as India, Sri Lanka, Morocco, Zambia, and Nepal. Varun Beverages has capitalized on its strong relationship with PepsiCo to expand its portfolio beyond carbonated drinks, venturing into bottled water and non-carbonated beverages to meet diverse consumer demands. The company’s business model revolves around the mastery of the supply chain and an extensive distribution network that delivers beverages from the manufacturing floors to the fingertips of consumers. By maintaining tight control over operations—from procurement of raw materials to final distribution—Varun Beverages ensures high efficiency and cost-effectiveness. Revenue streams flow steadily from its ability to cater to a diverse clientele, encompassing retail outlets, restaurants, and other service-led industries. The synergy between production excellence and strategic market expansion has not only bolstered its revenue but also sealed its status as a major player in the beverage industry across its operating regions.

VBL Intrinsic Value
318.1 INR
Overvaluation 27%
Intrinsic Value
Price
What is Net Margin?
Net Margin shows how much profit a company keeps from each dollar of sales after all expenses, including taxes and interest. It reflects the company`s overall profitability.
How is Net Margin calculated?

Net Margin is calculated by dividing the Net Income by the Revenue.

Net Margin
13.7%
=
Net Income
₹30.4B
/
Revenue
₹222.3B
What is Varun Beverages Ltd's current Net Margin?

The current Net Margin for Varun Beverages Ltd is 13.7%, which is above its 3-year median of 12.9%.

How has Net Margin changed over time?

Over the last 3 years, Varun Beverages Ltd’s Net Margin has increased from 11.2% to 13.7%. During this period, it reached a low of 11.2% on Dec 31, 2022 and a high of 13.7% on Sep 30, 2025.

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