Varun Beverages Complete Financial Statements
VBL • Review detailed financials to uncover trends, confirm thesis & journal trades
11 Years of Data
2025 - 2015
Complete Financial Data Export
Export complete financial statements for Varun Beverages (VBL).
Downloads include all available records across all periods.
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Profitability Ratios
Net Profit Margin
14.77%
2025 data
EBITDA Margin
25.65%
2025 data
Operating Margin
23.00%
2025 data
Return on Assets
3.22%
2025 data
Return on Equity
4.45%
2025 data
Balance Sheet Ratios
Current Ratio
4.18
2025 data
Debt to Equity
1.38
2025 data
Equity Ratio
72.33%
2025 data
Asset Turnover
0.22
2025 data
Year-over-Year Growth Analysis
Comparing Sept 2024 vs Sept 2025
Revenue Growth
+4.5%
Year-over-Year
Net Profit Growth
+18.4%
Year-over-Year
EBITDA Growth
+10.1%
Year-over-Year
Expense Growth
+2.7%
Year-over-Year
Assets Growth
+52.4%
Year-over-Year
Equity Growth
+136.3%
Year-over-Year
Liabilities Growth
+52.4%
Year-over-Year
Operating Cash Flow Growth
+41.4%
Year-over-Year
Investing Cash Flow Growth
-31.1%
Year-over-Year
Financing Cash Flow Growth
+199.9%
Year-over-Year
Income Statement
Periods
₹ Crores
| Particulars | Sept 2025 | Mar 2025 | Jun 2025 | Sept 2024 | Mar 2024 | Jun 2024 | Dec 2024 | Sept 2023 | Mar 2023 | Jun 2023 | Dec 2023 | Sept 2022 | Mar 2022 | Jun 2022 | Dec 2022 | Sept 2021 | Mar 2021 | Jun 2021 | Dec 2021 | Sept 2020 | Mar 2020 | Jun 2020 | Dec 2020 | Sept 2019 | Mar 2019 | Jun 2019 | Dec 2019 | Sept 2018 | Mar 2018 | Jun 2018 | Dec 2018 | Sept 2017 | Mar 2017 | Jun 2017 | Dec 2017 | Sept 2016 | Mar 2016 | Jun 2016 | Dec 2016 | Dec 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5,045 | 5,595 | 7,095 | 4,829 | 4,326 | 7,241 | 3,733 | 3,889 | 3,903 | 5,653 | 2,677 | 3,187 | 2,836 | 4,965 | 2,224 | 2,435 | 2,247 | 2,474 | 1,735 | 1,806 | 1,702 | 1,643 | 1,337 | 1,744 | 1,361 | 2,815 | 1,256 | 1,167 | 1,104 | 2,060 | 799 | 966 | 893 | 1,639 | 530 | 912 | 869 | 1,660 | 437 | 390 |
| Expenses | 3,751 | 4,304 | 5,020 | 3,654 | 3,329 | 5,206 | 3,110 | 2,989 | 3,095 | 4,101 | 2,249 | 2,478 | 2,297 | 3,704 | 1,907 | 1,904 | 1,859 | 1,879 | 1,527 | 1,422 | 1,472 | 1,263 | 1,159 | 1,414 | 1,141 | 2,023 | 1,105 | 955 | 922 | 1,484 | 738 | 778 | 742 | 1,153 | 505 | 723 | 750 | 1,195 | 408 | 388 |
| EBITDA | 1,294 | 1,292 | 2,075 | 1,175 | 997 | 2,035 | 624 | 900 | 808 | 1,552 | 428 | 710 | 540 | 1,261 | 317 | 532 | 387 | 595 | 208 | 384 | 230 | 380 | 178 | 330 | 221 | 793 | 152 | 212 | 182 | 576 | 61 | 188 | 151 | 486 | 25 | 189 | 119 | 465 | 29 | 2 |
| Operating Profit Margin % | 23.00% | 23.00% | 28.00% | 24.00% | 23.00% | 28.00% | 16.00% | 23.00% | 21.00% | 27.00% | 16.00% | 22.00% | 19.00% | 25.00% | 14.00% | 21.00% | 17.00% | 23.00% | 12.00% | 21.00% | 12.00% | 23.00% | 13.00% | 19.00% | 16.00% | 28.00% | 9.00% | 18.00% | 16.00% | 28.00% | 6.00% | 19.00% | 16.00% | 29.00% | 4.00% | 19.00% | 13.00% | 28.00% | 6.00% | -1.00% |
| Depreciation | 308 | 273 | 306 | 257 | 188 | 243 | 261 | 171 | 172 | 172 | 166 | 153 | 131 | 153 | 180 | 139 | 135 | 129 | 129 | 135 | 135 | 124 | 135 | 127 | 99 | 125 | 137 | 100 | 91 | 100 | 94 | 88 | 80 | 91 | 88 | 78 | 77 | 77 | 80 | 89 |
| Interest | 45 | 41 | 37 | 119 | 94 | 129 | 109 | 63 | 63 | 69 | 74 | 45 | 47 | 46 | 48 | 43 | 58 | 47 | 37 | 58 | 87 | 74 | 62 | 87 | 59 | 85 | 79 | 47 | 60 | 52 | 54 | 52 | 57 | 51 | 53 | 111 | 109 | 111 | 101 | 50 |
| Profit Before Tax | 941 | 978 | 1,732 | 800 | 716 | 1,663 | 254 | 667 | 573 | 1,311 | 188 | 511 | 361 | 1,062 | 90 | 350 | 195 | 420 | 42 | 192 | 8 | 182 | -19 | 116 | 63 | 582 | -64 | 65 | 31 | 424 | -87 | 49 | 14 | 344 | -116 | 9 | -62 | 285 | -152 | -129 |
| Tax | 196 | 247 | 407 | 171 | 168 | 401 | 59 | 153 | 135 | 306 | 44 | 116 | 90 | 260 | 8 | 93 | 58 | 101 | 9 | 30 | -52 | 39 | -12 | 35 | 23 | 177 | -10 | 21 | 11 | 117 | -16 | 15 | 7 | 98 | -44 | -4 | -6 | 82 | -41 | -30 |
| Net Profit | 745 | 731 | 1,326 | 629 | 548 | 1,262 | 196 | 514 | 439 | 1,005 | 144 | 396 | 271 | 802 | 82 | 258 | 137 | 319 | 33 | 162 | 60 | 143 | -7 | 81 | 40 | 405 | -54 | 44 | 20 | 307 | -71 | 34 | 7 | 246 | -72 | 13 | -56 | 202 | -112 | -99 |
| Earnings Per Share (₹) | 2.19 | 2.15 | 3.89 | 1.91 | 4.14 | 9.64 | 0.56 | 3.86 | 6.61 | 7.65 | 1.02 | 5.87 | 5.87 | 12.12 | 1.15 | 5.55 | 4.48 | 7.12 | 0.38 | 3.53 | 1.90 | 4.88 | -0.68 | 2.91 | 1.48 | 14.85 | -2.05 | 2.31 | 1.02 | 16.62 | -3.92 | 1.80 | 0.25 | 13.46 | -3.99 | 0.76 | -3.87 | 14.97 | -6.81 | -7.38 |
Related Pages for Varun Beverages
Additional stock information and data for VBL
Balance Sheet
Years
Annual Data
₹ Crores
| Particulars | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||
| Total Assets | 23,144 | 15,187 | 11,618 | 9,582 | 8,458 | 8,388 | 6,031 | 5,284 | 4,831 | 4,437 |
| Current Assets | 7,864 | 4,236 | 3,404 | 2,546 | 1,800 | 1,672 | 1,141 | 969 | 853 | 730 |
| Fixed Assets | 13,402 | 8,409 | 6,932 | 6,311 | 6,409 | 6,479 | 4,387 | 3,981 | 3,716 | 3,496 |
| Capital Work in Progress | 1,167 | 1,922 | 607 | 497 | 67 | 64 | 352 | 145 | 96 | 38 |
| Investments | 60 | 21 | 0 | 0 | 0 | 0 | 11 | 8 | 7 | 0 |
| Other Assets | 8,516 | 4,835 | 4,079 | 2,775 | 1,983 | 1,846 | 1,281 | 1,149 | 1,013 | 903 |
| LIABILITIES | ||||||||||
| Total Liabilities | 23,144 | 15,187 | 11,618 | 9,582 | 8,458 | 8,388 | 6,031 | 5,284 | 4,831 | 4,437 |
| Current Liabilities | 1,880 | 3,949 | 2,434 | 2,365 | 2,435 | 2,809 | 2,284 | 1,927 | 1,423 | 2,408 |
| Non-Current Liabilities | ||||||||||
| SHAREHOLDERS' EQUITY | ||||||||||
| Total Equity | 16,740 | 7,085 | 5,216 | 4,197 | 3,589 | 3,359 | 2,006 | 1,768 | 1,681 | 674 |
| Share Capital | 676 | 650 | 650 | 433 | 289 | 289 | 183 | 183 | 182 | 584 |
| Reserves & Surplus | 15,934 | 6,287 | 4,453 | 3,647 | 3,235 | 3,040 | 1,816 | 1,587 | 1,511 | 91 |
Cash Flow Statement
Periods
₹ Crores
| Particulars | March 2024 | March 2023 | March 2022 | March 2021 | March 2020 | March 2019 | March 2018 | March 2017 | March 2016 | March 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | 3,381 | 2,391 | 1,790 | 1,231 | 1,012 | 1,308 | 1,000 | 620 | 826 | 555 |
| Investing Activities | -4,311 | -3,288 | -1,769 | -1,008 | -472 | -2,320 | -937 | -746 | -1,048 | -300 |
| Financing Activities | 2,954 | 985 | -18 | -178 | -574 | 1,107 | -84 | 159 | 230 | -236 |
| Net Cash Flow | 2,024 | 88 | 4 | 46 | -33 | 95 | -22 | 33 | 8 | 19 |