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Varun Beverages Ltd
NSE:VBL

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Varun Beverages Ltd
NSE:VBL
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Price: 455.6 INR 0.39%
Market Cap: ₹1.5T

Gross Margin

53.9%
Current
Improving
by 1%
vs 3-y average of 52.8%

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
53.9%
=
Gross Profit
₹119.7B
/
Revenue
₹222.3B

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
53.9%
=
Gross Profit
₹119.7B
/
Revenue
₹222.3B

Peer Comparison

Country Company Market Cap Gross
Margin
IN
Varun Beverages Ltd
NSE:VBL
1.5T INR
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US
Coca-Cola Co
NYSE:KO
342.8B USD
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US
PepsiCo Inc
NASDAQ:PEP
225B USD
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MX
Fomento Economico Mexicano SAB de CV
NYSE:FMX
202.9B USD
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US
Monster Beverage Corp
NASDAQ:MNST
82B USD
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CN
Nongfu Spring Co Ltd
HKEX:9633
541.6B HKD
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UK
Coca-Cola Europacific Partners PLC
NASDAQ:CCEP
47.4B USD
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US
Keurig Dr Pepper Inc
NASDAQ:KDP
39.9B USD
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MX
Coca-Cola Femsa SAB de CV
NYSE:KOF
23.8B USD
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CH
Coca Cola HBC AG
LSE:CCH
17.2B GBP
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MX
Arca Continental SAB de CV
BMV:AC
357.9B MXN
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Market Distribution

Higher than 71% of companies in India
Percentile
71th
Based on 4 996 companies
71th percentile
53.9%
Low
-3 052.3% — 26.9%
Typical Range
26.9% — 53.3%
High
53.3% — 8 269.1%
Distribution Statistics
India
Min -3 052.3%
30th Percentile 26.9%
Median 39%
70th Percentile 53.3%
Max 8 269.1%

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
331.61 INR
Overvaluation 27%
Intrinsic Value
Price
What is Gross Margin?
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
How is Gross Margin calculated?

Gross Margin is calculated by dividing the Gross Profit by the Revenue.

Gross Margin
53.9%
=
Gross Profit
₹119.7B
/
Revenue
₹222.3B
What is Varun Beverages Ltd's current Gross Margin?

The current Gross Margin for Varun Beverages Ltd is 53.9%, which is above its 3-year median of 52.8%.

How has Gross Margin changed over time?

Over the last 3 years, Varun Beverages Ltd’s Gross Margin has increased from 47% to 53.9%. During this period, it reached a low of 47% on Dec 31, 2022 and a high of 54.4% on Jun 30, 2024.

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