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Varun Beverages Ltd
NSE:VBL

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Varun Beverages Ltd
NSE:VBL
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Price: 436.1 INR -2.58%
Market Cap: ₹1.5T

ROE

16.8%
Current
Declining
by 12.1%
vs 3-y average of 28.9%

Return on Equity (ROE) measures how effectively a company generates profit from shareholders` equity. It shows how much net income is earned for each dollar invested by shareholders.

ROE
16.8%
=
Net Income
₹30.4B
/
Avg Total Equity
₹180.9B

Return on Equity (ROE) measures how effectively a company generates profit from shareholders` equity. It shows how much net income is earned for each dollar invested by shareholders.

ROE
16.8%
=
Net Income
₹30.4B
/
Avg Total Equity
₹180.9B

Peer Comparison

Country Company Market Cap ROE
IN
Varun Beverages Ltd
NSE:VBL
1.5T INR
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US
Coca-Cola Co
NYSE:KO
331.8B USD
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US
PepsiCo Inc
NASDAQ:PEP
217B USD
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MX
Fomento Economico Mexicano SAB de CV
NYSE:FMX
195.2B USD
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US
Monster Beverage Corp
NASDAQ:MNST
74.1B USD
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CN
Nongfu Spring Co Ltd
HKEX:9633
500B HKD
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UK
Coca-Cola Europacific Partners PLC
NASDAQ:CCEP
45B USD
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US
Keurig Dr Pepper Inc
NASDAQ:KDP
38.3B USD
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MX
Coca-Cola Femsa SAB de CV
NYSE:KOF
22B USD
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CH
Coca Cola HBC AG
LSE:CCH
16.1B GBP
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MX
Arca Continental SAB de CV
BMV:AC
350.3B MXN
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Market Distribution

Higher than 73% of companies in India
Percentile
73nd
Based on 4 158 companies
73nd percentile
16.8%
Low
-3 688.9% — 5.1%
Typical Range
5.1% — 16%
High
16% — 7 187.1%
Distribution Statistics
India
Min -3 688.9%
30th Percentile 5.1%
Median 11.1%
70th Percentile 16%
Max 7 187.1%

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
HIDDEN
Show
What is Return on Equity?
Return on Equity (ROE) measures how effectively a company generates profit from shareholders` equity. It shows how much net income is earned for each dollar invested by shareholders.
How is ROE calculated?

ROE is calculated by dividing the Net Income by the Avg Total Equity.

ROE
16.8%
=
Net Income
₹30.4B
/
Avg Total Equity
₹180.9B
What is Varun Beverages Ltd's current ROE?

The current ROE for Varun Beverages Ltd is 16.8%, which is below its 3-year median of 28.9%.

How has ROE changed over time?

Over the last 3 years, Varun Beverages Ltd’s ROE has decreased from 32.6% to 16.8%. During this period, it reached a low of 16.8% on Jan 1, 2026 and a high of 36.4% on Mar 31, 2023.

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