₹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 09, 2026
DataAggregated Company Financials
Companies6
- 7D-6.4%
- 3M-5.3%
- 1Y-20.7%
- YTDn/a
Over the last 7 days, the Soft Drinks industry has dropped 6.8%, driven by a pullback from Varun Beverages of 6.8%. In contrast, Arunjyothi Bio Ventures has gained 10%. The industry has fallen 21% 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 |
|---|---|---|---|---|---|---|
| Mon, 09 Feb 2026 | ₹1.5t | ₹219.3b | ₹30.4b | 22.3x | 49x | 6.8x |
| Wed, 07 Jan 2026 | ₹1.7t | ₹214.1b | ₹29.8b | 27x | 56.9x | 7.9x |
| Fri, 05 Dec 2025 | ₹1.6t | ₹213.8b | ₹29.8b | 27.8x | 54.7x | 7.6x |
| Sun, 02 Nov 2025 | ₹1.6t | ₹213.7b | ₹29.8b | 36.2x | 53.5x | 7.5x |
| Tue, 30 Sep 2025 | ₹1.5t | ₹212.8b | ₹28.5b | 36.8x | 53.7x | 7.2x |
| Thu, 28 Aug 2025 | ₹1.7t | ₹212.8b | ₹28.5b | 39.9x | 60.4x | 8.1x |
| Sat, 26 Jul 2025 | ₹1.6t | ₹214.6b | ₹27.9b | 37x | 58x | 7.5x |
| Mon, 23 Jun 2025 | ₹1.6t | ₹214.6b | ₹27.9b | 36.4x | 55.9x | 7.3x |
| Wed, 21 May 2025 | ₹1.6t | ₹214.5b | ₹27.9b | 19.8x | 58.4x | 7.6x |
| Fri, 18 Apr 2025 | ₹1.9t | ₹202.0b | ₹26.0b | 20x | 72.6x | 9.3x |
| Sun, 16 Mar 2025 | ₹1.7t | ₹202.0b | ₹26.0b | 19.4x | 63.7x | 8.2x |
| Tue, 11 Feb 2025 | ₹1.9t | ₹191.8b | ₹25.5b | 23.6x | 73x | 9.7x |
| Thu, 09 Jan 2025 | ₹2.1t | ₹191.7b | ₹25.5b | 26.5x | 80.8x | 10.7x |
| Sat, 07 Dec 2024 | ₹2.2t | ₹191.7b | ₹25.5b | 28.9x | 85.7x | 11.4x |
| Mon, 04 Nov 2024 | ₹2.0t | ₹191.7b | ₹25.4b | 77.8x | 77.9x | 10.3x |
| Wed, 02 Oct 2024 | ₹2.0t | ₹182.3b | ₹24.3b | 82.1x | 82.2x | 10.9x |
| Fri, 30 Aug 2024 | ₹2.0t | ₹182.3b | ₹24.3b | 80.9x | 81.1x | 10.8x |
| Sun, 28 Jul 2024 | ₹2.2t | ₹166.4b | ₹21.7b | 100.7x | 100.8x | 13.1x |
| Tue, 25 Jun 2024 | ₹2.1t | ₹166.4b | ₹21.7b | 94.8x | 94.9x | 12.4x |
| Thu, 23 May 2024 | ₹2.0t | ₹166.3b | ₹21.6b | 60.2x | 91.2x | 11.9x |
| Sat, 20 Apr 2024 | ₹1.8t | ₹162.2b | ₹20.6b | 47.8x | 88.3x | 11.2x |
| Mon, 18 Mar 2024 | ₹1.9t | ₹162.2b | ₹20.6b | 48.9x | 90.6x | 11.5x |
| Wed, 14 Feb 2024 | ₹1.8t | ₹162.1b | ₹20.6b | 48.3x | 88.1x | 11.2x |
| Fri, 12 Jan 2024 | ₹1.7t | ₹157.6b | ₹20.0b | 45.9x | 82.5x | 10.5x |
| Sun, 10 Dec 2023 | ₹1.4t | ₹157.6b | ₹20.0b | 38.4x | 69.4x | 8.8x |
| Tue, 07 Nov 2023 | ₹1.2t | ₹150.5b | ₹18.9b | 13x | 65.2x | 8.2x |
| Thu, 05 Oct 2023 | ₹1.2t | ₹150.5b | ₹18.9b | 8.6x | 65.2x | 8.2x |
| Sat, 02 Sep 2023 | ₹1.2t | ₹150.5b | ₹18.9b | 8.8x | 62.8x | 7.9x |
| Mon, 31 Jul 2023 | ₹1.1t | ₹143.9b | ₹16.8b | 10.7x | 62.4x | 7.3x |
| Wed, 28 Jun 2023 | ₹1.0t | ₹143.9b | ₹16.8b | 14.7x | 62.1x | 7.3x |
| Fri, 26 May 2023 | ₹1.1t | ₹143.8b | ₹16.9b | 9.9x | 62.4x | 7.3x |
| Sun, 23 Apr 2023 | ₹911.4b | ₹133.1b | ₹15.1b | 11.1x | 60.3x | 6.8x |
| Tue, 21 Mar 2023 | ₹850.9b | ₹133.0b | ₹15.1b | 47.2x | 56.5x | 6.4x |
| Thu, 16 Feb 2023 | ₹836.4b | ₹133.0b | ₹15.1b | 55.5x | 55.6x | 6.3x |
Price to Earnings Ratio
55.6x
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 49.0x 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 | 3.74% | |
| Consumer Staples | 3.23% | |
| Beverage | -1.07% | |
| Soft Drinks | -6.39% | |
| Brewers | 3.91% | |
| Distillers and Wine Makers | 2.70% | |
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 | ₹7.88 | 10.1% +₹134.2m | -49.0% | PS5.7x | |
| 507690 Orient Beverages | ₹221.85 | 38.0% +₹132.1m | -20.6% | PE10.5x | |
| 542802 Galactico Services | ₹1.95 | 1.0% +₹3.0m | -35.4% | PE12x |