₹568: That's What Analysts Think Varun Beverages Limited (NSE:VBL) Is Worth After Its Latest Results
Feb 06
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Indian (NIFTY) Soft Drinks Industry Analysis
UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies6
- 7D-6.8%
- 3M-6.7%
- 1Y-20.7%
- YTDn/a
Over the last 7 days, the Soft Drinks industry has dropped 6.4%, driven by Varun Beverages declining 6.8%. Meanwhile, Arunjyothi Bio Ventures actually outperformed within the industry, gaining 10% in the last week. The industry has fallen 23% in the last year. Looking forward, earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the Indian Soft Drinks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 07 Feb 2026 | ₹1.5t | ₹219.3b | ₹30.4b | 23.4x | 49x | 6.8x |
| Mon, 05 Jan 2026 | ₹1.7t | ₹213.8b | ₹29.8b | 27.4x | 56.2x | 7.8x |
| Wed, 03 Dec 2025 | ₹1.6t | ₹213.9b | ₹29.8b | 27.6x | 54.8x | 7.6x |
| Fri, 31 Oct 2025 | ₹1.6t | ₹213.7b | ₹29.8b | 37.3x | 55.3x | 7.7x |
| Sun, 28 Sep 2025 | ₹1.5t | ₹212.8b | ₹28.5b | 37.1x | 52.9x | 7.1x |
| Tue, 26 Aug 2025 | ₹1.8t | ₹212.8b | ₹28.5b | 41x | 61.3x | 8.2x |
| Thu, 24 Jul 2025 | ₹1.7t | ₹214.6b | ₹27.9b | 37.8x | 59.3x | 7.7x |
| Sat, 21 Jun 2025 | ₹1.6t | ₹214.6b | ₹27.9b | 36.4x | 55.9x | 7.3x |
| Mon, 19 May 2025 | ₹1.7t | ₹214.5b | ₹27.9b | 20x | 61x | 7.9x |
| Wed, 16 Apr 2025 | ₹1.9t | ₹202.0b | ₹26.0b | 19.8x | 71.8x | 9.2x |
| Fri, 14 Mar 2025 | ₹1.7t | ₹202.0b | ₹26.0b | 19.4x | 63.7x | 8.2x |
| Sun, 09 Feb 2025 | ₹1.9t | ₹191.7b | ₹25.5b | 23.8x | 73.7x | 9.8x |
| Tue, 07 Jan 2025 | ₹2.1t | ₹191.7b | ₹25.5b | 27.5x | 83.9x | 11.1x |
| Thu, 05 Dec 2024 | ₹2.1t | ₹191.7b | ₹25.5b | 28x | 82.4x | 10.9x |
| Sat, 02 Nov 2024 | ₹2.0t | ₹191.7b | ₹25.4b | 77.8x | 77.9x | 10.3x |
| Mon, 30 Sep 2024 | ₹2.0t | ₹182.3b | ₹24.3b | 81.6x | 81.7x | 10.9x |
| Wed, 28 Aug 2024 | ₹2.0t | ₹182.3b | ₹24.3b | 83.9x | 84x | 11.2x |
| Fri, 26 Jul 2024 | ₹2.2t | ₹166.4b | ₹21.7b | 99.2x | 99.3x | 12.9x |
| Sun, 23 Jun 2024 | ₹2.1t | ₹166.4b | ₹21.7b | 95.7x | 95.8x | 12.5x |
| Tue, 21 May 2024 | ₹2.0t | ₹166.3b | ₹21.6b | 60x | 90.8x | 11.8x |
| Thu, 18 Apr 2024 | ₹1.8t | ₹162.2b | ₹20.6b | 48.1x | 88.7x | 11.3x |
| Sat, 16 Mar 2024 | ₹1.9t | ₹162.2b | ₹20.6b | 48.9x | 90.6x | 11.5x |
| Mon, 12 Feb 2024 | ₹1.8t | ₹162.1b | ₹20.6b | 47.8x | 86.6x | 11x |
| Wed, 10 Jan 2024 | ₹1.7t | ₹157.6b | ₹20.0b | 47x | 84.4x | 10.7x |
| Fri, 08 Dec 2023 | ₹1.4t | ₹157.6b | ₹20.0b | 38.5x | 70.1x | 8.9x |
| Sun, 05 Nov 2023 | ₹1.2t | ₹150.5b | ₹18.9b | 12.7x | 65.6x | 8.2x |
| Tue, 03 Oct 2023 | ₹1.2t | ₹150.5b | ₹18.9b | 8.4x | 65.2x | 8.2x |
| Thu, 31 Aug 2023 | ₹1.2t | ₹150.5b | ₹18.9b | 8.8x | 62.1x | 7.8x |
| Sat, 29 Jul 2023 | ₹1.1t | ₹143.9b | ₹16.8b | 10.7x | 62.4x | 7.3x |
| Mon, 26 Jun 2023 | ₹1.0t | ₹143.9b | ₹16.8b | 15x | 59.5x | 7x |
| Wed, 24 May 2023 | ₹1.0t | ₹143.8b | ₹16.9b | 9.8x | 60.1x | 7.1x |
| Fri, 21 Apr 2023 | ₹901.4b | ₹133.1b | ₹15.1b | 11.7x | 59.6x | 6.8x |
| Sun, 19 Mar 2023 | ₹859.5b | ₹133.0b | ₹15.1b | 49.6x | 57.1x | 6.5x |
| Tue, 14 Feb 2023 | ₹840.0b | ₹133.0b | ₹15.1b | 55.7x | 55.8x | 6.3x |
Price to Earnings Ratio
55.8x
Current Industry PE
- Investors are pessimistic on the Indian Soft Drinks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 48.8x which is lower than its 3-year average PE of 69.9x.
- The 3-year average PS ratio of 9.0x is higher than the industry's current PS ratio of 6.8x.
Past Earnings Growth
- The earnings for companies in the Soft Drinks industry have grown 26% per year over the last three years.
- Revenues for these companies have grown 18% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian Soft Drinks compare with similar industries?
| IN Market | 1.60% | |
| Consumer Staples | 1.37% | |
| Beverage | -2.26% | |
| Soft Drinks | -6.81% | |
| Brewers | 3.55% | |
| Distillers and Wine Makers | 0.55% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 530881 Arunjyothi Bio Ventures | ₹7.78 | 10.0% +₹132.3m | -50.5% | PS5.6x | |
| 507690 Orient Beverages | ₹184.90 | 7.6% +₹28.2m | -36.0% | PE14x |