Varun Beverages Ltd. is engaged in the manufacturing and distribution of non-alcoholic ready-to-drink beverages. It is a franchise of PepsiCo, self-described as serving a significant portion of the world's population.

Varun Beverages Ltd.

Adani Wilmar Limited, a fast-moving consumer goods (FMCG) food company, provides kitchen commodities in India. It produces, refines, and sells soyabean, palm, sunflower, rice bran, mustard, groundnut, cottonseed, and blended oil; specialty fats, including industrial margarine, bakery shortenings, and vanaspati for baked products; and lauric fats for ice cream and confectionery. The company also offers oleochemicals, such as stearic acids, soap noodles, palmitic acids, oleic acids, and glycerin for home and personal care products; sastor oils and its derivatives comprising steric acids and ricin oleic acids for medical, pharmaceutical, cosmetic, and aeronautical use; and de-oiled cakes that are used as livestock feeds. In addition, it provides wheat flour, rice, pulses, sugar, besan, atta, soya chunks, bakery fats, and ready-to-cook khichdi; soaps, handwash, and sanitizers. Further, the company is involved in the bulk packaging of frying oil. It provides its products under the Fortune, King's, Raag, Bullet, Fryola, Jubilee, Aadhaar, Alpha, Avsar, Golden Chef, Alife, and VIVO brand names through retail distribution channels and e-commerce platforms, such as Fortune Online, as well as operates 33 Fortune Mart stores. The company exports its products to the Middle East, Southeast Asia, East Africa, Europe, the United States, Canada, and internationally. Adani Wilmar Limited was incorporated in 1999 and is based in Ahmedabad, India.

Adani Wilmar Limited

ADF Foods is a food manufacturing company that specializes in ethnic foods, offering products such as sauces, pickles, chutneys, pastes, ready-to-cook, ready-to-eat products, and frozen foods.

ADF Foods

Bambino Agro Industries Ltd. engages in the production and trade of food products. Its products include Vermicelli, Macaroni, Pasta, Soups, Breakfast Mixes, Sweet Mixes, Namkeens, Spices, Sweets, and Hing. The firm manufactures and sells its products under the brand name Bambino. The company was founded by Myadam Kishnan Rao in 1982 and is headquartered in Secunderabad, India.

Bambino Agro Industries Limited

VARUN BEVERAGES LIMITED | 394,454 followers on LinkedIn. Varun Beverages Limited (VBL) is one of the top FMCG players in the Indian Market. We are on track towards strengthening our position in the global beverage industry with our presence in 6 countries in the Indian sub-continent and Africa - where we are responsible for producing popular brands like Pepsi, Mirinda, 7up, Mountain Dew, Slice, Aquafina, Sting, Tropicana, Gatorade, and many more and making them readily available at outlets near you. We are committed towards delivering a refreshing beverage experience to our consumers.

Sales HR and Talent Acquisition Head - Pan India at VARUN BEVERAGES LIMITED

Mona Baruah

MARKET DEVELOPMENT MANAGER at PEPSI (VBL LTD )

Sharad Vatss

Human Resources (Talent Acquisition), Varun Beverages Limited, Ex AB In Bev , Ex EY| FMCG | TISS, Christ College

Rohan Giri

Asst. Vice President HR at Varun Beverages Limited

Urfi Haider Kazmi

VARUN BEVERAGES LIMITED

From the glow of Diyas to the Fizz in every can, let the festival light up every moment.🪔🎆 VBL wishes you a sparkling Diwali! #VBL #Diwali

As we celebrate Dussehra, let's defeat negativity and invite the goodness of positivity into our lives. #Dussehra2024 #VBL

“In this moment of deep sorrow, we reflect on the extraordinary life of Shri Ratan Tata Sir, whose kindness and vision have touched lives far and wide. His words and actions have inspired generations, leaving an indelible mark on our nation. On behalf of Varun Beverages Limited, I extend our heartfelt condolences to his family and the entire Tata Group. His memory will continue to inspire us all.” - Varun Jaipuria, Exceutive Vice Chairman, Varun Beverages Ltd

Smiles are contagious, powerful, and universal. This #WorldSmileDay , let’s spread joy and positivity, together! 😊 #VBLFam

Upholding timeless values that inspire us every day. Let's embrace the spirit of Gandhi Jayanti by focusing on positivity, integrity, and mindful communication. 💙 #VBL #GandhiJayanti

Congratulations to the entire Zambia team! 🤘🎉

Rise up and sip into the glory! India is proud to celebrate our Paralympic champions, whose strength and perseverance have brought honour to the nation🇮🇳 We salute their incredible achievements at Paris Paralympics 2024. #VBL #TeamVBL #ParisParalympics2024 #Paralympics2024

Cheers to the mentors who make every lesson a refreshing experience! #VBL #TeamVBL #TeachersDay

We’re taking the next step towards establishing cutting-edge recycling facilities in India. Indorama Ventures Public Company Limited, through our direct subsidiary – IVL Dhunseri Petrochem Industries Limited - and Dhunseri Ventures Limited, have formed a joint venture with VARUN BEVERAGES LIMITED , PepsiCo's second-largest bottling company globally outside the US, to establish several greenfield state-of-the-art PET recycling facilities in India. This strategic alliance marks a substantial move towards meeting the increasing demand for recycled content throughout India, representing the companies’ collective dedication to sustainability. As India’s demand for rPET content continues to rise, driven by regulatory mandates and a collective effort towards a circular economy, our joint venture is poised to make a substantial impact. We’re proud to be at the forefront of this transformation. Learn more about our joint venture here: https://bit.ly/3Z9wNIb #IndoramaVentures #IndispensibleChemistry

Indorama Ventures

May this Janmashtami bring you boundless blessings and joy! Happy Krishna Janmashtami! #VBL #KrishnaJanmashtami

Metric
Company Name	Varun Beverages Ltd.	Adani Wilmar Limited	ADF Foods	Bambino Agro Industries Limited
Symbol		AWL		BAMBINO
MSH ID	COM:VARUNBEVERAGES	COM:ADANIWILMAR	COM:ADF-FOODS	COM:BAMBINOAGRO
Market	PRIVATE	STOCKS	PRIVATE	STOCKS
Sector	Consumer Goods	Consumer Defensive	Consumer Goods	Consumer Defensive
Industry	Food Processing	Agricultural Farm Products	Food & Beverage	Food Confectioners
Country	IN	IN	IN	IN
Stage
Employee Count		2.68K		316
Website	varunbeverages.com	adaniwilmar.com	adf-foods.com	bambinoagro.com
LinkedIn	varun-beverages-limited		adf-foods-ltd	bambino-agro-industries-limited
Founders

Metric
Market Cap		5.13B	34.53M
Enterprise Value
Monthly Web Traffic	114.90K
Web Traffic Growth	1.60
Valuation
Raised Capital

Metric
Revenue	6.05B	39.25M
Revenue (LTM)
Revenue (NTM)
Gross Profit	614.18M	9.85M
EBITDA	175.97M	3.23M
Operating Income	133.01M	2.65M
Net Income	17.47M	1.29M
EPS	0.01	0.16
Diluted EPS	0.01	0.16
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.11	0.33
Operating Profit Margin	0.03	0.07
EBITDA Margin	0.03	0.08
Net Profit Margin	0.01	0.03
Return on Equity	0.07	0.22
Return on Assets	0.03	0.05
Return on Capital Employed	0.15	0.17

VARU

COM:VARUNBEVERAGES

Varun Beverages Ltd.

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	524.46	27.21
P/B Ratio	5.59
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	0.97	1.05
EV Multiple	34.46	11.54

Metric
Days Sales Outstanding	13.71
Days Payables Outstanding	53.95
Days Inventory Outstanding	57.47	128.91
Operating Cycle	70.54	143.16
Cash Conversion Cycle	48.05	127.36
Asset Turnover	2.65	1.63

Metric
Operating Cash Flow	253.47M	2.17M
Free Cash Flow	143.40M	1.10M
Cash Flow to Debt	0.08	0.16
Operating Cash Flow/Sales	0.01	0.03
Free Cash Flow Yield	0.01	0.04

Metric
Cash & Equivalents	331.70M	139.48K
Accounts Receivable	16.86M	50.32K
Inventory	850.49M	9.56M
Goodwill	5.76M
Debt to Capitalization	0.45	0.43
Debt to Assets	0.19
Current Ratio	1.19
Quick Ratio	0.73	0.34

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue
SG&A to Revenue