Varun Beverages Financials - Balance Sheet, Income Statment, Cash Flow

Quarterly Statement	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	3,733	5,595	7,095	5,045	4,304
Expenses	3,110	4,304	5,020	3,751	3,568
Operating Profit	579	1,263	1,998	1,146	637
Operating Profit Margin %	16%	23%	28%	23%	15%
Other Income	45	28	77	148	99
EBITDA	624	1,292	2,075	1,294	736
Interest	109	41	37	45	47
Depreciation	261	273	306	308	330
Profit Before Tax	254	978	1,732	941	359
Tax %	23%	25%	23%	21%	28%
Net Profit	196	731	1,326	745	260
EPS	1	2	4	2	1

Yearly Balance Sheet	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Share Capital	433	650	650	676	676
Reserve & Surplus	3,647	4,453	6,287	15,934	18,902
Minority Interest	117	113	148	130	162
Non Current Liabilities	2,365	2,434	3,949	1,880	1,750
Current Liabilities	3,020	3,969	4,153	4,524	4,074
Total Liabilities	9,582	11,618	15,187	23,144	25,565
Fixed Assets	6,311	6,932	8,409	13,402	16,759
Capital Work in Progress	497	607	1,922	1,167	271
Investments	0	0	21	60	174
Other Assets	2,775	4,079	4,835	8,516	8,361
Total Assets	9,582	11,618	15,187	23,144	25,565

Yearly Cash Flow	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Activities	1,231	1,790	2,391	3,381	3,509
Investing Activities	-1,008	-1,769	-3,288	-4,311	-2,725
Financing Activities	-178	-18	985	2,954	-1,267
Net Cash Flow	46	4	88	2,024	-482

Financial Year	Revenue	Revenue Growth	Net Profit	Profit Growth
FY 2024-25	15,071	1.45%	2,677	15.35%
FY 2023-24	14,703	13.58%	2,320	30.71%
FY 2022-23	12,779	19.22%	1,775	39.75%
FY 2021-22	10,740	60.65%	1,270	159.5%
FY 2020-21	6,653	35.26%	490	116.18%

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SEBI Stock Broker Registration No: INZ000006031 | Depository Participant (CDSL) ID: IN-DP-289-2016 | SEBI Research Analyst Registration No: INH000023357
Exchange Membership No. : NSE: 90133 | BSE: 6593 | MCX: 56320
Registered & Corporate Office: Unit No. 2201, 22nd Floor, Gold Medal Avenue, S.V. Road, Beside Patel Petrol Pump, Piramal Nagar, Goregaon West, Mumbai – 400104, Customer Care: 9987761000.

Details of client bank account

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Varun Beverages

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VBL Financials

Income Statement

Balance Sheet

Cash Flow

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