Hindustan Unilever Ltd.
NSE: HINDUNILVR
Consumer Defensive · Household & Personal Products
₹1,856.70 last close on 9 Oct 2026 +0.66%
Research updated
Varun Beverages Ltd.
NSE: VBLConsumer DefensiveBeverages - Non-Alcoholic
- Last close
- ₹441.00
- Day change
- +₹9.00 (+2.08%)vs
- Market cap
- ₹1.44 lakh crIndian rupees
- Research updated
- 1 report
About Varun Beverages
Varun Beverages Ltd. is a prominent beverage bottling company that operates as one of the largest franchisees of PepsiCo products. The company is responsible for producing and distributing a broad spectrum of PepsiCo's flagship beverages, including carbonated drinks like Pepsi, Mountain Dew, and non-carbonated products such as Tropicana and Aquafina. Varun Beverages Ltd. plays a critical role in the food and beverage sector, particularly in emerging markets, by leveraging PepsiCo's brand strength and its extensive distribution network. The company's operational jurisdictions span across several countries, prominently in rising markets such as India and Africa, which allows them to tap into diverse consumer bases. Varun Beverages Ltd. focuses not only on expanding its market reach but also on optimizing its supply chain and production capabilities to maintain consistent product quality and availability. As a key player in the beverage industry, Varun Beverages Ltd. is integral to PepsiCo's strategy for market penetration and product availability in various regions, thereby reinforcing its market significance through strategic alliances and scalable operations.
- Sector
- Consumer Defensive
- Industry
- Beverages - Non-Alcoholic
- Listing
- NSE: VBL
- Employees
- 10,654
- Headquarters
- Gurugram, India
- ISIN
- INE200M01039
- Website
- varunbeverages.com
Public research
The latest report on Varun Beverages opens with Individual or above
Mool’s latest report on Varun Beverages, of 3 Oct 2026, has no section published on the open web.
With Individual or above
What the full research on Varun Beverages includes
Every piece of Mool’s research is built the same way: a researched evidence base, analyses that build on each other, a research model and a report with the call.
The report and Mool’s call
- The 12-month rating and target
- The 3-month view
- Mool's estimates beside the street's
- The claims the view rests on, and what would change it
The analyses, among them
- Business model & financial foundationWhat the company does and how it makes money, its structure, five years of financials and the metrics that matter for it.
- Future earnings & financial modelForecasts built from the drivers that move the business, by scenario, beside the street's.
- Fundamental valuation & 12-month thesisWhat the business is worth on several methods, what the market already prices in and the 12-month thesis that follows.
The research model
The model behind the report: the company’s history, the drivers that move it, its forecasts by scenario and the valuation the 12-month target comes from.
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Report history
Reports on Varun Beverages
- Research reportLatest
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Prices are the last close on the NSE, 9 Oct 2026. Research from Mool’s report of 3 Oct 2026; page updated 12 Oct 2026.
Mool’s research is written by AI agents and published by Mool Capital Private Limited, a SEBI-registered Research Analyst, registration INH000012449, which is responsible for it. This page shows factual company information; it carries no rating and is not investment advice for any individual. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Read the disclosures.