435.00
-0.68%
Close of 9 Nov 2026, in INR
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About Varun Beverages
Its shares trade on NSE under the ticker VBL.NS. It has been listed since 8 November 2016. In the fiscal year to 31 December 2025, it reported revenue of ₹216.85bn and net income of ₹30.36bn. At that date it held total assets of ₹255.65bn and shareholders' equity of ₹195.79bn.
Varun Beverages Ltd. engages in the manufacture and sale of beverages. The company is headquartered in Gurgaon, Haryana. The company went IPO on 2016-11-08. The firm operates franchisee of PepsiCo. Its diversified business conglomerate include beverages, quick-service restaurants, dairy and healthcare. The company produces and distributes a range of carbonated soft drinks (CSDs), as well as a selection of non-carbonated beverages (NCBs), including packaged drinking water sold under trademarks owned by PepsiCo. PepsiCo CSD brands produced and sold by the Company include Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Mountain Dew Ice, Seven-Up Nimbooz Masala Soda, Evervess, Sting, Gatorade and Slice Fizzy Drinks. PepsiCo NCB brands produced and sold by the Company include Tropicana Slice, Tropicana Juices (100%, Delight, Essentials), Nimbooz, as well as packaged drinking water under the brand Aquafina. The firm has 31 manufacturing plants in India and six manufacturing plants in international geographies.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Consumer Staples
- Industry
- Beverages
- Listed since
- 8 Nov 2016
- Employees
- 7,965
- Website
- varunpepsi.com ↗
Leadership
Pay as last reported
- Mr. Ravi JaipuriaNon-Executive Chairman of the Board, Promoter₹73.5m
- Mr. Varun JaipuriaExecutive Vice Chairman of the Board, Whole-Time Director, Promoter, since 2013₹72.1m
- Mr. Pankaj MadanChief Financial Officer
- Mr. Ravi BatraChief Risk Officer, Group Company Secretary, Compliance Officer₹11.0m
- Mr. Rajinder BaggaWhole-Time Director, since 2019₹65.0m
- Mr. Raj GandhiWhole-Time Director, since 2013₹70.4m
- Dr. Naresh TrehanNon-Executive Non-Independent Director
- Mrs. Rashmi DhariwalNon-Executive Independent Director₹2.9m
- Dr. Ravi GuptaNon-Executive Independent Director₹2.2m
- Ms. Sita KhoslaNon-Executive Independent Director₹1.7m
- Mr. Abhiram SethNon-Executive Independent Director₹600,000
- Mr. Anil SondhiNon-Executive Independent Director₹800,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 82
- Environment
- 84
- Social
- 83
- Governance
- 80
- Direct emissions (scope 1)
- 74,260 t
- Energy emissions (scope 2)
- 305,164 t
- Value chain emissions (scope 3)
- 2,595,184 t
- Women in the workforce
- 15.0005%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Varun Beverages Ltd. operates 31 manufacturing plants in India for beverage production.
- The company produces PepsiCo brands including Pepsi, Diet Pepsi, and Gatorade under license.
- Varun Beverages Ltd. has a diversified business with beverages, quick-service restaurants, dairy, and healthcare.
Weaknesses
- Varun Beverages Ltd. relies on PepsiCo for brand licensing and product rights.
- The company has six manufacturing plants in international geographies, which may increase operational complexity.
- Varun Beverages Ltd. employs 7,965 full-time employees, which could raise labor costs.
Opportunities
- Varun Beverages Ltd. can expand its presence in the Indian beverage market with 31 manufacturing plants.
- The company can leverage PepsiCo's global brand portfolio for new market entry.
- Varun Beverages Ltd. has a strong portfolio of non-carbonated beverages including Tropicana and Aquafina.
Threats
- Varun Beverages Ltd. faces competition from other beverage manufacturers in the Indian market.
- The company's reliance on PepsiCo for brand licensing could lead to supply chain disruptions.
- Varun Beverages Ltd. operates in the Consumer Staples sector, which is sensitive to economic downturns.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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