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Varun Beverages Ltd is down for a fifth straight session today. The stock is quoting at Rs 464.75, down 0.49% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.73% on the day, quoting at 25232.6. The Sensex is at 82000.06, down 0.69%.Varun Beverages Ltd has lost around 5.12% in last one month.Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has eased around 8.53% in last one month and is currently quoting at 50523.9, up 0.44% on the day. The volume in the stock stood at 32.28 lakh shares today, compared to the daily average of 47.93 lakh shares in last one month.
The benchmark February futures contract for the stock is quoting at Rs 467.45, down 0.55% on the day. Varun Beverages Ltd tumbled 13.41% in last one year as compared to a 7.33% rally in NIFTY and a 10.49% fall in the Nifty FMCG index.
The PE of the stock is 60.28 based on TTM earnings ending September 25.
Founded in 2003, Twizza is engaged in the manufacturing and distribution of own branded non alcoholic beverages. It operates three manufacturing facilities in Cape Town, Queenstown and Middelburg, with a combined annual capacity of around 100 million 8 oz cases. The company sells its products across South Africa, Lesotho, Eswatini, Botswana and Namibia, and has backward integration facilities at all its plants. For the period ended June FY25, Twizza reported sales volumes of 71 million cases and net revenue of ZAR 1,689 million, equivalent to about Rs 901.9 crore.
The company aims to expand its footprint in Africa's largest soft drinks market, supported by favourable demographics and rising beverage consumption.
Meanwhile, a global brokerage responded positively to the announcement and reiterated a Buy rating on the stock with a target price of Rs 675 per share.
Varun Beverages is one of the largest franchisee of PepsiCo in the world (outside USA). The company produces and distributes a wide range of carbonated soft drinks (CSDs), as well as a large selection of non-carbonated beverages (NCBs), including packaged drinking water sold under trademarks owned by PepsiCo.
The company’s consolidated net profit rose 18.5% year-on-year to Rs 745.19 crore in Q3 calendar year (CY) 2025, compared with Rs 628.83 crore in Q3 CY2024, driven by lower finance costs, favourable currency movements in overseas markets, and higher other income. Revenue from operations (net of excise and GST) increased 1.9% YoY to Rs 4,896.65 crore from Rs 4,804.68 crore in Q3 CY2024.
Varun Beverages Ltd gained for a fifth straight session today. The stock is quoting at Rs 482.85, up 0.27% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.15% on the day, quoting at 26164.95. The Sensex is at 85592.35, down 0.13%. Varun Beverages Ltd has risen around 1.71% in last one month.
Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has risen around 1.09% in last one month and is currently quoting at 55595.8, down 0.1% on the day. The volume in the stock stood at 21.39 lakh shares today, compared to the daily average of 56.26 lakh shares in last one month.
The benchmark December futures contract for the stock is quoting at Rs 484.8, down 0.02% on the day. Varun Beverages Ltd is down 23.63% in last one year as compared to a 7.78% spurt in NIFTY and a 4.1% spurt in the Nifty FMCG index.
The PE of the stock is 62.05 based on TTM earnings ending September 25.
Varun Beverages Ltd dropped for a fifth straight session today. The stock is quoting at Rs 447.1, down 0.12% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.08% on the day, quoting at 26088.15. The Sensex is at 85340.46, up 0.13%.Varun Beverages Ltd has lost around 2.67% in last one month.Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has eased around 2.09% in last one month and is currently quoting at 55504.7, down 0.46% on the day. The volume in the stock stood at 18.81 lakh shares today, compared to the daily average of 81.43 lakh shares in last one month.
The benchmark November futures contract for the stock is quoting at Rs 447.4, up 0.04% on the day. Varun Beverages Ltd tumbled 25.62% in last one year as compared to a 7.7% rally in NIFTY and a 3.67% fall in the Nifty FMCG index.
The PE of the stock is 57.67 based on TTM earnings ending September 25.
Revenue from operations (net of excise and GST) increased 1.9% YoY to Rs 4,896.65 crore from Rs 4,804.68 crore in Q3 CY2024. Consolidated sales volumes rose 2.4% to 273.8 million cases from 267.5 million cases a year earlier, despite persistent rainfall across India that weighed on domestic consumption.
India volumes were largely flat, while international volumes grew 9%, led by a strong performance in South Africa. Net realization per case stood at Rs 178.8 versus Rs 179.6 in the same period last year, reflecting a higher mix of packaged drinking water in overseas markets. Product mix during the quarter consisted of 74% carbonated soft drinks (CSD), 4% non-carbonated beverages (NCB), and 22% packaged drinking water.
EBITDA remained steady at Rs 1,147.38 crore compared with Rs 1,151.12 crore in Q3 CY2024. EBITDA margin stood at 23.4%, down 60 basis points from 24% a year earlier due to a shift in cost structure following the company’s backward integration initiatives. Gross margin, however, improved by 119 basis points to 56.7%, supported by increased mix of water in International markets.
Varun Beverages also announced a major diversification move into alcoholic beverages. Certain African subsidiaries of the company have entered into an exclusive distribution agreement with Carlsberg Breweries A/S to test-market the Carlsberg brand in their territories.
Further, the company has amended its Memorandum of Association to include the manufacture and distribution of alcoholic beverages, including beer, wine, whisky, brandy, gin, rum, and vodka, in both India and international markets. The company said it aims to tap into the growing demand for ready-to-drink (RTD) and premium alcoholic beverages, which offer strong long-term growth potential.
Ravi Jaipuria, chairman, Varun Beverages, said, 'While the extended monsoon season impacted consumption trends in India, we remain confident in the significant long-term potential of the domestic beverage industry. With low per capita consumption and rising penetration in semi-urban and rural markets, the opportunity for growth continues to be immense. Our ongoing investments in capacity expansion, distribution reach, and cold-chain infrastructure are further strengthening on-ground execution, ensuring we are well-prepared to capture demand recovery in the upcoming season and deliver sustainable growth for all stakeholders.'