Varun Beverages revenue and financials
₹438.45Change from previous close: −0.26%Absolute change: −₹1.15
In the fiscal year ended December 2025, Varun Beverages reported revenue of ₹208.35B (+7.15% year over year). Net income was ₹30.36B, a net margin of 14.6%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +7.15%
- 2025 vs 2024
- Net income growth
- +17.03%
- 2025 vs 2024
- Net margin
- 14.6%
- 2024: 13.3%
Financial data
Amounts in millions of INR; per-share values in INR; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | 208,346 | 194,450 | 156,217 | 129,211 | — |
| Cost of revenue | 98,955 | 90,737 | 75,511 | 63,965 | — |
| Gross profit | 109,391 | 103,713 | 80,706 | 65,246 | — |
| Selling, general and administrative | 24,451 | 21,716 | 16,574 | 13,782 | — |
| Operating income | 38,603 | 40,032 | 31,265 | 23,086 | — |
| EBIT | 41,780 | 38,816 | 30,060 | 22,073 | — |
| EBITDA | 53,945 | 48,290 | 36,869 | 28,245 | — |
| Interest expense | 1,684 | 4,485 | 2,666 | 1,837 | — |
| Pre-tax income | 40,096 | 34,331 | 27,394 | 20,236 | — |
| Income tax | 9,476 | 7,988 | 6,375 | 4,735 | — |
| Net income | 30,365 | 25,946 | 20,559 | 14,974 | — |
| Net income to common shareholders | 30,365 | 25,946 | 20,559 | 14,974 | — |
| Basic EPS | 8.98 | 7.95 | 6.33 | 4.61 | — |
| Diluted EPS | 8.98 | 7.94 | 6.33 | 4.61 | — |
| Average shares (basic) | 3,382 | 3,264 | 3,248 | 3,248 | — |
| Average shares (diluted) | 3,383 | 3,266 | 3,249 | 3,249 | — |