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Complete financial analysis of Varun Beverages Limited (VBL.BO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Varun Beverages Limited, a leading company in the Beverages – Non-Alcoholic industry within the Consumer Defensive sector.
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Varun Beverages Limited (VBL.BO)
About Varun Beverages Limited
Varun Beverages Limited, together with its subsidiaries, operates as the franchisee of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs) sold under trademarks owned by PepsiCo. It manufactures, bottles, distributes, and sells a range of CSDs under the Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Mountain Dew Ice, Seven-Up Nimbooz Masala Soda, Evervess, Sting, Gatorade, Slice Fizzy Drinks, Duke, and Pepsi Black brand names. The company also produces and distributes NCBs under the of Tropicana Slice, Tropicana Juices, and Nimbooz brand names, as well as packaged drinking water under the Aquafina brand name. It sells its products to retail outlets directly and through distributors in India, as well as territories of Nepal, Sri Lanka, Morocco, Zambia, and Zimbabwe. The company was incorporated in 1995 and is based in Gurugram, India.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 156.22B | 129.21B | 86.42B | 64.50B | 71.30B | 51.05B | 40.04B | 38.61B | 33.74B | 25.02B | 21.15B |
| Cost of Revenue | 75.51B | 63.96B | 41.27B | 28.39B | 33.01B | 23.28B | 18.77B | 18.01B | 17.68B | 13.76B | 11.99B |
| Gross Profit | 80.71B | 65.25B | 45.16B | 36.11B | 38.29B | 27.77B | 21.27B | 20.61B | 16.06B | 11.26B | 9.16B |
| Gross Profit Ratio | 51.66% | 50.50% | 52.25% | 55.99% | 53.71% | 54.39% | 53.13% | 53.37% | 47.60% | 45.01% | 43.30% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 1.34B | 1.17B | 924.15M | 1.00B | 680.55M | 430.57M | 335.73M | 359.64M | 284.48M | 2.39B | 2.00B |
| Selling & Marketing | 15.23B | 12.61B | 8.88B | 5.86B | 5.89B | 4.41B | 2.70B | 2.92B | 2.18B | 415.75M | 192.95M |
| SG&A | 16.57B | 13.78B | 9.80B | 6.86B | 6.57B | 4.84B | 3.03B | 3.28B | 2.47B | 2.80B | 2.19B |
| Other Expenses | 64.13B | 147.33M | 87.79M | 61.30M | 38.15M | 102.36M | 44.27M | 48.30M | 23.59M | 0.00 | 0.00 |
| Operating Expenses | 80.71B | 42.16B | 33.38B | 28.92B | 27.57B | 20.54B | 16.10B | 15.32B | 12.68B | 9.49B | 8.04B |
| Cost & Expenses | 130.60B | 106.12B | 74.65B | 57.31B | 60.58B | 43.82B | 34.87B | 33.33B | 30.36B | 23.25B | 20.03B |
| Interest Income | 238.00M | 228.29M | 145.16M | 88.86M | 59.56M | 57.67M | 53.93M | 89.08M | 61.93M | 1.73B | 1.57B |
| Interest Expense | 2.83B | 1.84B | 1.83B | 2.71B | 3.01B | 2.04B | 2.03B | 4.26B | 1.59B | 0.00 | 0.00 |
| Depreciation & Amortization | 6.81B | 5.70B | 5.31B | 5.29B | 4.89B | 3.85B | 3.47B | 3.22B | 2.98B | 2.08B | 1.83B |
| EBITDA | 36.87B | 27.97B | 17.45B | 11.85B | 15.05B | 10.36B | 8.52B | 8.36B | 6.48B | 4.01B | 3.10B |
| EBITDA Ratio | 23.60% | 22.73% | 20.21% | 19.09% | 20.82% | 20.55% | 21.40% | 22.24% | 19.22% | 15.62% | 13.86% |
| Operating Income | 31.03B | 21.30B | 10.42B | 6.60B | 10.62B | 7.15B | 5.08B | 5.00B | 3.40B | 1.83B | 1.10B |
| Operating Income Ratio | 19.86% | 16.49% | 12.05% | 10.24% | 14.89% | 14.01% | 12.69% | 12.94% | 10.07% | 7.32% | 5.21% |
| Total Other Income/Expenses | -3.63B | -2.64B | -1.48B | -3.43B | -3.75B | -2.90B | -2.26B | -4.49B | -1.76B | -1.78B | -1.55B |
| Income Before Tax | 27.39B | 20.24B | 10.07B | 3.63B | 6.96B | 4.34B | 2.91B | 793.35M | 1.91B | 46.56M | -447.49M |
| Income Before Tax Ratio | 17.54% | 15.66% | 11.65% | 5.62% | 9.77% | 8.50% | 7.27% | 2.05% | 5.65% | 0.19% | -2.12% |
| Income Tax Expense | 6.38B | 4.74B | 2.61B | 52.34M | 2.24B | 1.34B | 768.95M | 312.96M | 788.57M | 248.12M | 52.18M |
| Net Income | 20.56B | 14.97B | 6.94B | 3.29B | 4.69B | 2.93B | 2.10B | 423.76M | 1.13B | -201.56M | -395.30M |
| Net Income Ratio | 13.16% | 11.59% | 8.03% | 5.10% | 6.58% | 5.74% | 5.25% | 1.10% | 3.35% | -0.81% | -1.87% |
| EPS | 6.33 | 11.53 | 5.34 | 2.53 | 3.74 | 2.38 | 1.71 | 0.43 | 1.25 | -0.22 | -0.46 |
| EPS Diluted | 6.33 | 11.52 | 5.34 | 2.53 | 3.74 | 2.38 | 1.71 | 0.37 | 1.24 | -0.22 | -0.46 |
| Weighted Avg Shares Out | 3.25B | 1.30B | 1.30B | 1.30B | 1.25B | 1.23B | 1.23B | 980.03M | 902.92M | 901.03M | 860.66M |
| Weighted Avg Shares Out (Dil) | 3.25B | 1.30B | 1.30B | 1.30B | 1.25B | 1.23B | 1.23B | 1.14B | 908.93M | 902.92M | 860.73M |
Source: https://incomestatements.info
Category: Stock Reports