Varun Beverages revenue and financials
₹441.75Change from previous close: +0.56%Absolute change: +₹2.45
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 |
|---|---|---|---|---|---|
| Operating cash flow | 35,093 | 33,811 | 23,908 | 17,900 | — |
| Depreciation and amortization | 12,165 | 9,474 | 6,809 | 6,172 | — |
| Capital expenditure | -27,391 | -37,790 | -32,640 | -18,010 | — |
| Investing cash flow | -27,349 | -43,168 | -32,899 | -17,046 | — |
| Financing cash flow | -12,665 | 29,535 | 9,849 | -179 | — |
| Dividends paid | -5,073 | -3,248 | -2,273 | -1,624 | — |
| Debt issued | 3,839 | 17,711 | 24,017 | 14,777 | — |
| Debt repaid | -7,103 | -55,084 | -12,765 | -11,374 | — |
| Effect of exchange rates | 99.8 | 62.2 | 20.7 | -639 | — |
| Net change in cash | -4,921 | 20,179 | 858 | 675 | — |
| Free cash flow | 7,702 | -3,979 | -8,733 | -110 | — |