Varun Beverages revenue and financials
₹439.30Change from previous close: −0.07%Absolute change: −₹0.30
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 assets | 255,652 | 231,439 | 151,872 | 116,182 | — |
| Current assets | 78,960 | 78,640 | 42,356 | 34,040 | — |
| Cash and equivalents | 17,842 | 2,608 | 2,422 | 1,543 | — |
| Short-term investments | 13,864 | 10,194 | — | 5,286 | 4,136 |
| Inventory | 29,518 | 27,912 | 21,505 | 19,939 | — |
| Net property, plant and equipment | 157,489 | 136,342 | 102,795 | 75,749 | — |
| Goodwill | 3,542 | 3,009 | 242 | 242 | — |
| Other intangible assets | 12,028 | 11,195 | 5,471 | 5,509 | — |
| Long-term investments | 1,633 | 534 | 179 | 0.0 | — |
| Current liabilities | 40,739 | 45,244 | 41,532 | 39,688 | — |
| Accounts payable | 14,013 | 15,604 | 7,582 | 8,243 | — |
| Long-term debt | 5,404 | 8,407 | 31,889 | 17,270 | — |
| Total debt | 25,082 | 28,263 | 54,313 | 38,838 | — |
| Total liabilities | 58,242 | 64,043 | 81,025 | 64,028 | — |
| Total equity (incl. minority) | 197,410 | 167,396 | 70,847 | 52,155 | — |
| Retained earnings | 94,073 | 68,582 | 45,664 | 27,399 | — |
| Minority interest | 1,623 | 1,298 | 1,482 | 1,131 | — |