Varun Beverages Ratios and Metrics

Market cap in millions INR. Fiscal year is January - December.

Millions INR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Market Capitalization	1,670,026	2,159,068	1,606,902	859,062	384,663	264,453	Upgrade
Market Cap Growth	-23.48%	34.36%	87.05%	123.33%	45.46%	29.28%	Upgrade
Enterprise Value	1,671,352	2,224,281	1,642,384	881,841	401,637	285,723	Upgrade
Last Close Price	493.80	636.06	492.04	262.49	117.24	80.34	Upgrade
PE Ratio	56.00	83.21	78.16	57.37	55.42	80.38	Upgrade
Forward PE	54.14	92.27	67.67	49.83	40.79	42.39	Upgrade
PS Ratio	7.89	10.79	10.02	6.52	4.36	4.10	Upgrade
PB Ratio	9.02	12.90	22.68	16.47	9.17	7.37	Upgrade
P/TBV Ratio	9.88	14.21	25.25	18.98	11.00	8.99	Upgrade
P/FCF Ratio	-	-	-	-	96.99	58.47	Upgrade
P/OCF Ratio	-	63.86	67.21	47.99	31.24	26.13	Upgrade
PEG Ratio	2.84	3.67	2.47	0.99	1.21	0.73	Upgrade
EV/Sales Ratio	7.90	11.12	10.24	6.69	4.55	4.43	Upgrade
EV/EBITDA Ratio	31.36	46.04	43.84	31.20	24.17	23.60	Upgrade
EV/EBIT Ratio	39.61	56.06	52.94	38.54	34.77	40.50	Upgrade
EV/FCF Ratio	-	-	-	-	101.26	63.17	Upgrade
Debt / Equity Ratio	0.12	0.17	0.77	0.75	0.81	0.90	Upgrade
Debt / EBITDA Ratio	0.40	0.58	1.44	1.36	2.01	2.63	Upgrade
Debt / FCF Ratio	-	-	-	-	8.54	7.16	Upgrade
Asset Turnover	-	1.04	1.20	1.24	0.98	0.77	Upgrade
Inventory Turnover	-	3.60	3.57	3.64	3.40	3.05	Upgrade
Quick Ratio	-	0.91	0.37	0.24	0.20	0.21	Upgrade
Current Ratio	-	1.74	1.02	0.86	0.84	0.74	Upgrade
Return on Equity (ROE)	-	22.11%	34.17%	32.94%	19.16%	10.28%	Upgrade
Return on Assets (ROA)	-	12.94%	14.47%	13.49%	8.00%	5.24%	Upgrade
Return on Capital (ROIC)	14.61%	15.46%	17.94%	17.14%	10.02%	6.48%	Upgrade
Return on Capital Employed (ROCE)	-	21.30%	28.10%	29.90%	17.60%	11.70%	Upgrade
Earnings Yield	1.78%	1.20%	1.28%	1.74%	1.80%	1.24%	Upgrade
FCF Yield	-	-0.18%	-0.54%	-0.01%	1.03%	1.71%	Upgrade
Dividend Yield	0.20%	0.16%	0.20%	0.27%	0.28%	0.28%	Upgrade
Payout Ratio	-	12.52%	11.06%	10.84%	15.60%	21.94%	Upgrade
Buyback Yield / Dilution	-3.56%	-0.51%	-0.02%	-0.03%	-	-3.61%	Upgrade
Total Shareholder Return	-3.36%	-0.35%	0.18%	0.24%	0.28%	-3.34%	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.