By Sapna 
Varun Beverages Limited (VBL), a leading franchisee of PepsiCo’s beverages, is a major player in the beverage industry, offering products like Pepsi, Tropicana, and Aquafina. Its stock, traded under the ticker “VBL” on the NSE and BSE, is a notable performer in the Indian equity markets. As of November 2024, the share price stands at ₹626.75 on the NSE and ₹626.85 on the BSE
Recent Stock Performance
In 2024, VBL’s stock has shown volatility. It reached a high of ₹681.10 earlier this year and experienced some declines. Over the past month, the stock has risen approximately 6%, signaling positive investor sentiment
Despite short-term fluctuations, VBL’s long-term trajectory shows a robust 70.42% return over the last three years
Market Position and Financials
- Market Capitalization: ₹2,11,967 crore, making it a large-cap stock.
- P/E Ratio: The stock’s price-to-earnings (P/E) ratio stands at 83.4, suggesting a premium valuation relative to its earnings.
- Revenue Growth: For the latest quarter, VBL reported revenues of ₹48.05 billion, exceeding market expectations.
Investment Outlook
Analysts predict further growth potential for VBL, with target prices ranging between ₹606 and ₹827, reflecting optimism around its operational efficiency and market expansion
However, prospective investors should account for the beverage industry’s seasonal demand and raw material cost fluctuations when considering investments.
About Varun Beverages
Founded in 1995 and based in Gurugram, India, VBL operates across multiple countries in Asia, Africa, and the Middle East. It manufactures and distributes a wide range of beverages, including carbonated drinks, juices, and bottled water. The company’s global footprint and brand partnerships position it as a key player in the consumer goods sector
Varun Beverages continues to attract investor attention due to its growth-oriented business model and strong financial performance. However, as with any investment, thorough research and professional advice are recommended.