Returns on Capital Paint A Bright Future For Varun Beverages (NSE:VBL)
Sep 18
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Indian (NIFTY) Soft Drinks Industry Analysis
UpdatedSep 18, 2025
DataAggregated Company Financials
Companies5
- 7D-1.0%
- 3M4.9%
- 1Y-27.1%
- YTDn/a
Over the last 7 days, the Soft Drinks industry has dropped 2.5%, driven by Varun Beverages declining 1.0%. The industry has fallen 29% in the last year. Looking forward, earnings are forecast to grow by 16% 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 |
|---|---|---|---|---|---|---|
| Thu, 18 Sep 2025 | ₹1.6t | ₹212.8b | ₹28.5b | 38x | 56x | 7.5x |
| Sat, 16 Aug 2025 | ₹1.7t | ₹212.8b | ₹28.5b | 40.2x | 59.6x | 8x |
| Mon, 14 Jul 2025 | ₹1.5t | ₹214.6b | ₹27.9b | 35.6x | 55x | 7.2x |
| Wed, 11 Jun 2025 | ₹1.6t | ₹214.6b | ₹27.9b | 37.6x | 57.9x | 7.5x |
| Fri, 09 May 2025 | ₹1.7t | ₹214.5b | ₹27.9b | 18.8x | 59.4x | 7.7x |
| Sun, 06 Apr 2025 | ₹1.8t | ₹202.0b | ₹26.0b | 19.8x | 69.8x | 9x |
| Tue, 04 Mar 2025 | ₹1.5t | ₹202.0b | ₹26.0b | 20.5x | 59.6x | 7.7x |
| Thu, 30 Jan 2025 | ₹1.8t | ₹191.7b | ₹25.5b | 24.1x | 72.1x | 9.6x |
| Sat, 28 Dec 2024 | ₹2.1t | ₹191.7b | ₹25.5b | 27.5x | 83.1x | 11x |
| Mon, 25 Nov 2024 | ₹2.1t | ₹191.7b | ₹25.5b | 27.5x | 82x | 10.9x |
| Wed, 23 Oct 2024 | ₹1.9t | ₹182.3b | ₹24.3b | 79.7x | 79.8x | 10.6x |
| Fri, 20 Sep 2024 | ₹2.1t | ₹182.3b | ₹24.3b | 87.4x | 87.5x | 11.6x |
| Sun, 18 Aug 2024 | ₹1.9t | ₹182.3b | ₹24.3b | 76.3x | 76.4x | 10.2x |
| Tue, 16 Jul 2024 | ₹2.1t | ₹166.4b | ₹21.7b | 97.7x | 97.9x | 12.7x |
| Thu, 13 Jun 2024 | ₹2.0t | ₹166.4b | ₹21.7b | 93.5x | 93x | 12.1x |
| Sat, 11 May 2024 | ₹1.9t | ₹162.1b | ₹20.5b | 61.1x | 92.7x | 11.8x |
| Mon, 08 Apr 2024 | ₹1.9t | ₹162.2b | ₹20.6b | 51.1x | 94.4x | 12x |
| Wed, 06 Mar 2024 | ₹1.8t | ₹162.2b | ₹20.6b | 47.3x | 87.2x | 11.1x |
| Fri, 02 Feb 2024 | ₹1.7t | ₹157.6b | ₹20.0b | 46.4x | 83.5x | 10.6x |
| Sun, 31 Dec 2023 | ₹1.6t | ₹157.6b | ₹20.0b | 43.9x | 80.4x | 10.2x |
| Tue, 28 Nov 2023 | ₹1.4t | ₹157.6b | ₹20.0b | 38.5x | 69.5x | 8.8x |
| Thu, 26 Oct 2023 | ₹1.2t | ₹150.5b | ₹18.9b | 9.8x | 61x | 7.7x |
| Sat, 23 Sep 2023 | ₹1.2t | ₹150.5b | ₹18.9b | 8.7x | 63.3x | 8x |
| Mon, 21 Aug 2023 | ₹1.2t | ₹150.5b | ₹18.9b | 9.1x | 62x | 7.8x |
| Wed, 19 Jul 2023 | ₹1.1t | ₹143.9b | ₹16.8b | 13.8x | 63.9x | 7.5x |
| Fri, 16 Jun 2023 | ₹1.1t | ₹143.9b | ₹16.8b | 15.2x | 64.4x | 7.5x |
| Sun, 14 May 2023 | ₹1.0t | ₹143.8b | ₹16.9b | 7.6x | 60.1x | 7.1x |
| Tue, 11 Apr 2023 | ₹908.9b | ₹133.0b | ₹15.1b | 43.6x | 60.4x | 6.8x |
| Thu, 09 Mar 2023 | ₹881.9b | ₹133.0b | ₹15.1b | 58.6x | 58.6x | 6.6x |
| Sat, 04 Feb 2023 | ₹755.7b | ₹128.2b | ₹14.5b | 52.1x | 52.2x | 5.9x |
| Mon, 02 Jan 2023 | ₹865.3b | ₹128.2b | ₹14.5b | 59.7x | 59.8x | 6.8x |
| Wed, 30 Nov 2022 | ₹750.7b | ₹128.2b | ₹14.5b | 51.7x | 51.9x | 5.9x |
| Fri, 28 Oct 2022 | ₹690.7b | ₹120.3b | ₹13.0b | 52.7x | 53x | 5.7x |
| Sun, 25 Sep 2022 | ₹759.5b | ₹120.3b | ₹13.0b | 56.2x | 58.2x | 6.3x |
Price to Earnings Ratio
58.2x
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 55.0x which is lower than its 3-year average PE of 70.1x.
- The 3-year average PS ratio of 8.8x is higher than the industry's current PS ratio of 7.4x.
Past Earnings Growth
- The earnings for companies in the Soft Drinks industry have grown 30% per year over the last three years.
- Revenues for these companies have grown 21% 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 | 1.75% | |
| Consumer Staples | -0.72% | |
| Beverage | 1.40% | |
| Soft Drinks | -0.99% | |
| Distillers and Wine Makers | 4.07% | |
| Brewers | -0.041% | |
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 | |
|---|---|---|---|---|---|
| 532320 Vaarad Ventures | ₹9.90 | 2.0% +₹47.5m | -29.8% | PS2466.6x | |
| 542802 Galactico Services | ₹2.39 | 1.7% +₹6.0m | -37.4% | PE16x | |
| 507690 Orient Beverages | ₹217.50 | 0.1% +₹648.5k | -38.2% | PE20x |