Close 10 Sep 1505 scanned A
NIFTY 5023,477.80+0.20%
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INDIA VIX11.80-1.05%
MIDCAP 15022,904.25-0.38%
SMALLCAP 25018,433.40+0.01%
NEXT 5072,530.90-0.44%
BREADTH61%above 200-DMA
ADV / DEC558 / 939
NSE close 10 Sep

VBL

Varun Beverages
Fast Moving Consumer GoodsLarge capRs 138,843 crRs 192.9 cr traded a dayConsumer goods
Close on 10 September 2026
410.50
+0.86%
52-week range17% of the way up
382.20544.05
Market cap
138,843 cr
P/E (TTM)
48.6×
industry 34×
EPS (TTM)
8.45
Revenue YoY
+18.0%
Q1 FY27
Profit YoY
+20.9%
Net margin
17.6%
+0.4pt vs a year ago
Growth trend
-34.9pt
vs last quarter’s YoY
1 month
-6.8%
Below 52w high
32.5%
RSI (14)
38
Daily swing
2.7%
average true range
Volume
1.1×
vs 20-day average
Traded
Rs 193 cr
median day
Close200-day averageMaterial filing
400450500550Sep 25Nov 25Jan 26Mar 26May 26Jul 26Sep 26
260 sessions · hover for the filing behind a move

Key metrics

each ranked against every stock scanned tonight
Above the 200-day average
Bottom of the universe
-12.2%
One-year return
Around the median
-11.5%
Return on capital employed
Above the median
14.9%
Debt to equity
Around the median
0.16×
Profitable quarters, last four
of the last four reported
4 of 4
Cash conversion
cash from operations against reported profit
89%
Revenue growth, year on year
latest reported quarter
+18.0%
Below the 52-week high
from the highest close of the year
-24.5%
1 week
+0.82%
1 month
−6.81%
3 months
−24.12%
6 months
−1.11%
1 year
−11.52%

The read

written from the numbers on this page
The evidence leans constructive5 supporting, 3 against, 0 worth knowing

Supporting

  • matches profit that turns into cash, which has beaten the market by +2.73 points over 20 sessions across 9,184 past signals
  • 2 of the scans it matches have a positive measured record
  • revenue grew 18% year on year in the quarter ending 30 June 2026
  • net margin has widened from 5.1% to 17.6% across four quarters
  • futures show a long buildup — the move is being funded by new positions

Against

  • trading 12% below its 200-day average
  • down 12% over twelve months
  • priced at 49× earnings against an industry median of 34× — 42% above its peers

Worth knowing

  • nothing the data supports either way
VBL sits in Consumer goods — worth checking whether the whole group is moving together or whether this name is doing it alone.
What would change this read: a close back above 468, its 200-day average; open interest reversing while price keeps going.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.

What is working, what is not

from the filings and from the price, with the figure behind every line
Working4

Revenue rose 75.4% year on year, from Rs 4,932 cr to Rs 8,651 cr.

+75.4%Rs 4,932 crRs 8,651 cr

Varun Beverages' net profit rose 142.6% year on year, from Rs 629 cr to Rs 1,525 cr.

+142.6%Rs 629 crRs 1,525 cr

Profit grew faster than revenue, +142.6% against +75.4%.

+142.6%+75.4%

Rs 193 crore changes hands on a median day, so an ordinary order is not the reason it moves.

Rs 193 cr
Needs watching2

Trading 12.2% below its 200-day average.

-12.2%

Only 7.4% above its 52-week low.

+7.4%
Every figure here is computed — from the company’s own filings, or from its own closing prices. Wording of 3 of these 3 filing lines was drafted by a language model, which is given the figures and may not introduce another — any sentence containing a number that did not come from the filings is discarded before it reaches this page.

How it has performed

price return over each window, beside the median NSE stock over the same days
this stockmedian NSE stock, same window+0.8%+1.6 pt vs market1W-6.8%-5.7 pt vs market1M-24.1%-26.8 pt vs market3M-1.1%-17.7 pt vs market6M-11.5%-8.3 pt vs market1Y

What the scans say today

2 of 47 matched on 10 Sep
VBL matches 2 of the 47 scans today, across 1 different kinds of evidence.

Quality of the business

balance sheet as at 30 June 2026
Return on equity
13.1%
trailing profit over shareholders’ funds
Return on capital
14.9%
pre-tax profit over equity plus borrowings
Debt to equity
0.16×
3,484 cr borrowed against 21,771 cr of equity
Net debt
1,358 cr
borrowings less cash
Cash conversion
89%
operating cash flow as a share of profit
Receivable days
26
how long customers take to pay
Return on capital uses profit before tax over equity plus borrowings. The textbook version adds finance costs back; those are not tagged reliably in quarterly filings, so this understates the ratio for a heavily borrowed company rather than flattering it. Balance sheets are filed half-yearly, so these can be up to six months behind the profit figures above.

Valuation against its own history

500 sessions since 26 September 2024
52×
median 64×
89×
now 49×
VBL trades at 49× trailing earnings, below its median of 64× over this window — 25% less expensive than usual. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.

Recent filings

from the exchange, newest first
Other filing filings were typically +0.01pt vs the market over the next 5 sessions (n=17,202) · Management filings were typically +0.06pt vs the market over the next 5 sessions (n=2,634) · M&A filings were typically +0.18pt vs the market over the next 5 sessions (n=1,722)

The business

from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
2.7k4.4k7.3k4.9k3.8k4.3k6.7k8.7k5.3%5.1%17.6%Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q3 FY26Q4 FY26Q1 FY27
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.

Going for it

  • revenue grew 18% against the same quarter a year earlier
  • profit rose 21% year on year
  • net margin widened from 13.1% to 17.6%
  • revenue rose in 3 of the last 4 quarters

Going against it

  • nothing clear in the filed numbers
Quarter-by-quarter numbers, as filed
QuarterRevenueProfit before taxNet profitEPSNet margin
Q1 FY27
30 Jun · consolidated
8,6511,9811,5254.5017.6%
Q4 FY26
31 Mar · consolidated
6,7221,1678792.5813.1%
Q3 FY26
31 Dec · consolidated
4,3353612600.746.0%
Q3 FY25
31 Dec · consolidated
3,8182551960.565.1%
Q2 FY25
30 Sep · consolidated
4,9328006291.9112.7%
Q1 FY25
30 Jun · consolidated
7,3341,6641,2629.6417.2%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.

Where the price stands

the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average-7.4%
Versus 200-day average-12.2%
Below 52-week high-24.5%
Above 52-week low+7.4%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)37.6
Higher closes in last 53 of 5
Six-month return−1.11%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)2.70%
Volume versus 20-day1.1x
Median daily turnoverRs 192.9 cr

Derivatives

near expiry 2026-09-29 · 2026-09-10
Long Buildup
Price up, open interest up. New buyers are arriving rather than old sellers leaving — the move is being funded, not squeezed.
Futures basis versus spot+0.13%
Open interest change+1.2%
Put / call ratio0.53
Put wall (support)410
Call wall (resistance)430
Max pain420
How to read this
Open interest is contracts still open, so a rise means new positions and a fall means positions closing. Combined with price direction that gives the state on the left. The walls are the strikes carrying the most open interest near expiry — levels other people are watching, not levels the price is obliged to respect. A future below spot means sellers are paying to be short.

Peers

Fast Moving Consumer Goods · 43 classified companies
VBL trades at 48.6× trailing earnings against an industry median of 34.3× across 39 other classified companies in its industry — more expensive than them, by 42%. A multiple is a statement about expectations, not about quality: cheap usually means the market expects less, and it is often right.
CompanyMarket cap (Rs cr)P/E1 month1 yearTurnover (Rs cr)
HINDUNILVR456,44030.5−5.85%−24.49%239.4
ITC324,89016.1−6.10%−36.28%349.4
NESTLEIND267,30170.1−8.02%+16.65%215.6
VBL138,84348.6−6.81%−11.52%192.9
BRITANNIA120,66746.2−11.27%−17.30%137.1
MARICO104,39053.5−6.08%+12.02%117.5
UNITDSPR101,50057.9−8.79%+4.49%72.9
TATACONSUM98,92065.2−5.87%−11.55%104.1
GODREJCP89,00846.5−4.41%−29.40%120.7
DABUR66,78234.3−8.46%−27.89%64.8
RADICO59,73384.9−1.61%+47.31%102.8
COLPAL49,19136.5−9.80%−22.87%53.6
largest twelve by market capitalisation. Market cap and P/E need filed financials, so blanks are companies whose filings have not been read yet

Recent sessions

what this stock has matched since the engine went live
This is the live record, not the backtest — the scans this stock actually appeared in on each stored session. A name that keeps reappearing is in a persistent condition; a one-day appearance usually is not.
SessionScansWhich
9 Sep2Closed at the very top of its range, Closed at the day's high
7 Sep1Range is tightening
4 Sep2Opened and closed at the same price, Death cross — 50 crossed below 200
3 Sep1Death cross — 50 crossed below 200
2 Sep2Closed at the very top of its range, Death cross — 50 crossed below 200
1 Sep1Death cross — 50 crossed below 200
31 Aug1Death cross — 50 crossed below 200
28 Aug1Death cross — 50 crossed below 200
27 Aug1Death cross — 50 crossed below 200
26 Aug4Trading far more than usual, Falling on heavy volume, Bearish engulfing, Death cross — 50 crossed below 200