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Varun Beverages stock: growth
VBL.NSVarun Beverages reported $2.3B in revenue for fiscal 2025, up 8.4% on the prior year, up 27.4% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
21.1%
per year from 2012 to 2025, per share 12.5%
Earnings (Annual rate)
44.6%
per year from 2012 to 2025, per share 29.2%
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2012 | |
|---|---|---|---|
| Revenue | 27.4% | 20.4% | 21.1% |
| Revenue per share | 26.4% | 15.7% | 12.5% |
| Earnings | 56.0% | 39.0% | 44.6% |
| Earnings per share | 54.8% | 33.5% | 29.2% |
| Free cash flow | 9.4% | 9.5% | no data |
| Free cash flow per share | 8.5% | 5.2% | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2012 | $191.32M | $2.67M | −$15.47M |
| 2013 | $224.82M | −$4.2M | −$14.77M |
| 2014 | $265.98M | −$2.14M | $22.45M |
| 2015 | $360.76M | $12.02M | $30.37M |
| 2016 | $410.4M | $4.5M | $1.94M |
| 2017 | $426M | $22.34M | −$29.32M |
| 2018 | $542.63M | $31.13M | $15M |
| 2019 | $757.79M | $49.85M | $58.63M |
| 2020 | $685.58M | $34.97M | $48.08M |
| 2021 | $937.81M | $73.77M | $30.74M |
| 2022 | $1.4B | $159.16M | −$1.17M |
| 2023 | $1.71B | $218.52M | −$92.82M |
| 2024 | $2.13B | $275.78M | −$42.29M |
| 2025 | $2.3B | $322.74M | $75.3M |
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.