Varun Beverages stock
VBL.NSNSEVarun Beverages Limited, Consumer DefensiveISIN INE200M01039
67Score 67 out of 100, Neutral
Price and trend
60 / 100
Price history
−5.3% in one yearThe chart shows daily closes over 10 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 4.6% below it.
Since August 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 67).
The price is 20% below its 52-week high. Largest decline in 10 years: 43% (July 2024 to March 2026).
Chart figures for advanced users
- SMA 50$4.48
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$4.85
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)67
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$4.06
- The lowest closing price of the last twelve months.
- Resistance$5.78
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Varun Beverages Limited belongs to the Beverages (Non-Alcoholic) industry (India) and, with a market value of $15.64B, is number 10 of 23 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $2.3B (up 8.4% year on year) and earnings of $322.74M (up 17%).
- For fiscal 2026, analysts expect on average revenue of $2.82B (up 22.4%) and adjusted earnings per share of $0.11 (up 15%).
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- MEQIRI Score 67 out of 100 (Neutral): rank 107 of 296 in Consumer Defensive, median 62.
- The P/E is 42.3 (Beverages (Non-Alcoholic) median 17.6, own median of recent years 57.2).
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Earnings per share growingUp 54.8% a year since 2020.Growth 91
- Growing faster than its industryRevenue up 27.4% a year since 2020, Consumer Defensive sector median 6.7%.Growth 91
- Consistently profitableProfit in all 10 fiscal years from 2016 to 2025.Fundamentals 64
Weaknesses
- Margin fallingOperating margin 17.7%, average of the prior years 41.5% (to 2024).
Its standout strengths are growth and stability, while momentum and valuation hold the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk not measured
How well MEQIRI warnsFor stocks from Japan, China, Hong Kong, Taiwan, Korea, Canada, India and Brazil we only show crash risk once a separate backtest shows that it warns as well there as in the US and Europe.
Valuation
Valuation signal
OvervaluedA fair value is not meaningful here, so the signal follows the valuation grade.
Valuation metrics
The model puts the fair value at less than a quarter of the share price. That says more about the assumptions than about the company, so a fair value is not meaningful here and the valuation relies on the P/E and the other metrics.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 22% on the twelve months before. Revenue has grown strongly since 2012, at around 21% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 39%, operating 18%, net 14%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with low debt and comfortable interest coverage.
Earnings
- Next earnings
- 1 Mar 2027in 108 days
- Last reported
- 30 Oct 2026EPS reported $0.03 (expected $0.03)in line with expectations
Analyst estimates
Earnings estimates have barely changed since 24 Oct 2026.
- Earnings per share
- $0.11+1.2%
- Revenue
- $2.82B+3.4%
- Earnings per share
- $0.120.0%
- Revenue
- $3.19B+3.8%
MEQIRI has stored the estimates since 24 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
What happened at Varun Beverages
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
296 rated companies in Consumer Defensive
- This company
- 67
- Sector median
- 62
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Beverages (Non-Alcoholic)
The next larger and next smaller companies by market value
- Keurig Dr PepperKDP $48.2B61
- Fomento Económico Mexicano, S.A.B. de C.V.FMX $44.53B63
- Coca-Cola FEMSA, S.A.B. de C.V.KOF $24.88B73
- Coca-Cola HBCEEE.AT $20.19B71
- Coca-Cola ConsolidatedCOKE $13.78B80
- Eastroc Beverage (Group)605499.SS $11.19B72
- Suntory Beverage & Food2587.T $9.9B71
- Primo BrandsPRMB $8.61B54
ETFs that hold Varun Beverages
Held by 16 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares MSCI India UCITS ETFQDV5 | 0.41% | 0.65% | €4.98B |
| iShares MSCI EM Consumer Growth UCITS ETFCEMG | 0.22% | 0.60% | €31.52M |
| Amundi MSCI EM Asia ESG Broad Transition UCITS ETF AccLCUA | 0.14% | 0.25% | €661.06M |
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| iShares MSCI EM CTB Enhanced ESG UCITS ETFEDM2 | 0.09% | 0.18% | €7.25B |
| WisdomTree Emerging Markets ex-State Owned Enterprises UCITS ETF AccumUSDXSOE | 0.09% | 0.32% | €17.98M |
| iShares MSCI EM Asia UCITS ETFCEBL | 0.07% | 0.20% | €7.14B |
| iShares MSCI EM UCITS ETF USD (Dist)IQQE | 0.06% | 0.18% | €8.51B |
| iShares MSCI EM IMI Screened UCITS ETF USD (Acc)AYEM | 0.05% | 0.18% | €5.26B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ₹94.0836)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 3 Jul 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.