Is Varun Beverages Ltd debt-free?

Yes, Varun Beverages Ltd is debt-free with a debt-to-equity ratio of 0.02.

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Varun Beverages Ltd

Varun Beverages Ltd Financials

Varun Beverages Ltd Financial Statement

Varun Beverages Ltd Income Statement

Quarterly

Annual

*All values are in Rs. Cr

Particulars	Dec 2025	Sep 2025	Jun 2025
Revenue	2,349.72	3,213.68	5,395.04
Operating Expense	1,809.91	2,277.19	3,663.54
Net Profit	261.02	577.40	1,160.16
Net Profit Margin	11.11	17.97	21.50
Earning Per Share	0.77	1.71	3.43
EBIDTA	515.36	913.64	1,683.85
Effective Tax Rate	10.42	16.69	19.63

Particulars	Dec 2025
Revenue	2349.72
Operating Expense	1809.91
Net Profit	261.02
Net Profit Margin	11.11
Earning Per Share	0.77
EBIDTA	515.36
Effective Tax Rate	10.42

Varun Beverages Ltd Profit & Loss

*All values are in Rs. Cr

Standalone

Consolidated

Particulars	Dec 2025	Dec 2024	Dec 2023
Total Revenue Annual	14,556.82	14,348.60	12,632.83
Operating Expenses Annual	10,792.85	10,665.04	9,651.38
Operating Profit Annual	4,277.90	4,037.50	3,127.59
Interest Annual	32.24	349.66	241.10
Depreciation	681.97	598.67	500.72
Net Profit Annual	2,676.64	2,320.36	1,775.13
Tax Annual	866.60	749.58	593.04

Particulars	Dec 2025
Total Revenue Annual	14,556.82
Operating Expenses Annual	10,792.85
Operating Profit Annual	4,277.90
Interest Annual	32.24
Depreciation	681.97
Net Profit Annual	2,676.64
Tax Annual	866.60

Varun Beverages Ltd Cash Flow

*All values are in Rs. Cr

Standalone

Consolidated

Particulars	Dec 2025	Dec 2024	Dec 2023
Cash Flow at the Beginning	2,058.08	49.48	47.39
Cash Flow from Operations	2,576.99	2,966.94	1,952.88
Cash Flow from Investing	-2,056.89	-3,687.09	-2,769.57
Cash Flow from Financing	-979.39	2,728.75	818.78
Cash Flow at the End	1,598.79	2,058.08	49.48

Particulars	Dec 2025
Cash Flow at the Beginning	2,058.08
Cash Flow from Operations	2,576.99
Cash Flow from Investing	-2,056.89
Cash Flow from Financing	-979.39
Cash Flow at the End	1,598.79

Varun Beverages Ltd Key Ratios

*All values are in Rs. Cr

Standalone

Consolidated

Particulars	Dec 2025	Dec 2024	Dec 2023
PBDIT Margin (%)	29.39	28.17	24.78
PBIT Margin (%)	24.57	23.86	20.68
PBT Margin (%)	23.83	23.79	20.60
Net PROFIT Margin (%)	18.39	16.17	14.05
Return On Networth / Equity (%)	15.16	19.64	28.19
Return On Networth /Employed (%)	19.35	22.98	24.32
Return On Assets (%)	14.53	15.52	16.58
Total Debt / Equity (X)	0.04	0.24	0.67
Asset Turnover Ratio (%)	0.79	0.96	1.18

Particulars	Dec 2025
PBDIT Margin (%)	29.39
PBIT Margin (%)	24.57
PBT Margin (%)	23.83
Net PROFIT Margin (%)	18.39
Return On Networth / Equity (%)	15.16
Return On Networth /Employed (%)	19.35
Return On Assets (%)	14.53
Total Debt / Equity (X)	0.04
Asset Turnover Ratio (%)	0.79

Varun Beverages Ltd Balance Sheet

*All values are in Rs. Cr

Standalone

Consolidated

Particulars	Dec 2025	Dec 2024	Dec 2023
Fixed Assets Annual	10,841.42	9,185.47	6,938.21
Total Current Assets Annual	5,099.03	5,338.05	2,935.13
Non Current Assets Annual	15,894.60	14,145.93	11,074.33
Total Shareholders Funds Annual	18,764.80	16,558.71	7,075.80
Total Assets Annual	21,000.27	19,483.97	14,009.46

Particulars	Dec 2025
Fixed Assets Annual	10,841.42
Total Current Assets Annual	5,099.03
Non Current Assets Annual	15,894.60
Total Shareholders Funds Annual	18,764.80
Total Assets Annual	21,000.27

Varun Beverages Ltd Earning Calls

EPS (INR)

Expected

0.74

Reported

0.74

Surprise

0.00%

Sep 2025

EPS beaten by 0.00%

Jun 2025

EPS beaten by 0.00%

Mar 2025

EPS beaten by 0.00%

Dividend Pages

PE Ratio

FAQS on Varun Beverages Ltd Financials

As of Mar 18, 2026, Varun Beverages Ltd has a market capitalization of 1,65,666.72 Cr. Value Research classifies it as a Large-Cap company.

Yes, Varun Beverages Ltd is with a debt-to-equity ratio of 0.02.

In FY 2025 , Varun Beverages Ltd recorded a total revenue of approximately 14,556.82 Cr marking a significant milestone in the company's financial performance.

Varun Beverages Ltd's Future outlook anticipates robust growth, with forecasted earnings and revenue rising approximately 0.0% and 0.1% annually, respectively..

Varun Beverages Ltd's current PE ratio is 61.89.

Varun Beverages Ltd's ROCE averaged 20.0% from the FY ending March 2023 to 2025, with a median of 19.6%. It peaked at 21.8% in March 2023, reflecting strong capital efficiency over the period..

Varun Beverages Ltd's latest EBIT is Rs. 3,575.49 Cr, surpassing the average EBIT of Rs. 3,201.45 Cr over the 5 years..