Varun BeveragesNSE:VBL +0.68%97 Forward Dividend Yield % is 0.40% as of Jul. 01, 2026. GuruFocus rates NSE:VBL with a GF Score™ of 97/100 and a GF Value™ of ₹574.90 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 75 Beverages - Non-Alcoholic companies, Varun Beverages ranks worse than 94.67% on this metric.
As of today (2026-07-01), the Forward Annual Dividend Yield of Varun Beverages is 0.40%.
As of today (2026-07-01), the Trailing Annual Dividend Yield of Varun Beverages is 0.30%.
NSE:VBL's Forward Dividend Yield % is ranked worse than 94.67% of 75
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 2.8
vs NSE:VBL: 0.40
During the past 12 months, Varun Beverages's average Dividends Per Share Growth Rate was 50.00% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 44.20% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 45.80% per year.
During the past 11 years, the highest 3-Year average Dividends Per Share Growth Rate of Varun Beverages was 46.60% per year. The lowest was 14.50% per year. And the median was 37.65% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Varun Beverages Forward Dividend Yield % Related Terms
NSE:VBL vs KO, PEP, MNST: Forward Dividend Yield % Comparison
For the Beverages - Non-Alcoholic subindustry, Varun Beverages's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Varun Beverages Forward Dividend Yield % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Varun Beverages's Forward Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Varun Beverages's Forward Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Varun Beverages Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
INR 0.500000
2026-04-30
2026-05-01
2026-05-19
Cash Dividend
quarterly
INR:INR 1.000000
INR 0.500000
2026-04-08
2026-04-08
2026-04-21
Cash Dividend
quarterly
INR:INR 1.000000
INR 0.500000
2025-08-01
2025-08-02
2025-08-12
Cash Dividend
quarterly
INR:INR 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Varun Beverages's Forward Annual Dividend Yield (%) for Today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Forward Dividend Yield % of 0.40% mean?
Varun Beverages (NSE:VBL) has a Forward Dividend Yield % of 0.40% as of Jul. 01, 2026. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on Varun Beverages and its competitors. According to the industry distribution chart, Varun Beverages ranks #71 out of 75 companies in the Beverages - Non-Alcoholic industry, placing it in the top 94.7%.
Is Varun Beverages' Forward Dividend Yield % too high?
Varun Beverages' current Forward Dividend Yield % is 0.40%. The Beverages - Non-Alcoholic industry median Forward Dividend Yield % is 2.80. Varun Beverages' value of 0.40% is 85.7% below this industry median. Based on the distribution chart, Varun Beverages ranks #71 out of 75 companies in the Beverages - Non-Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Varun Beverages has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Varun Beverages' Forward Dividend Yield % compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Varun Beverages ranks #71 out of 75 companies for Forward Dividend Yield %. This places Varun Beverages in the lower half of its industry. The industry median Forward Dividend Yield % is 2.80. Varun Beverages' value of 0.40% is 85.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward Dividend Yield % for a Beverages - Non-Alcoholic company?
The median Forward Dividend Yield % among Beverages - Non-Alcoholic companies is 2.80, based on 75 companies in the industry. Companies in the top quartile (top 25%) have a Forward Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Forward Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Varun Beverages's current Forward Dividend Yield % of 0.40% is 85.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward Dividend Yield % mean?
A high Forward Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on Varun Beverages and its competitors. For the Beverages - Non-Alcoholic industry, the median Forward Dividend Yield % is 2.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Varun Beverages's current Forward Dividend Yield % is 0.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Varun Beverages stock overvalued right now?
Based on GuruFocus' analysis, Varun Beverages (NSE:VBL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹574.90, compared to a current price of ₹507.55 — trading 11.7% below its estimated fair value. The current Forward Dividend Yield % is 0.40% and 85.7% below the Beverages - Non-Alcoholic industry median of 2.80. Varun Beverages' overall GF Score™ is 97/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward Dividend Yield % calculated?
Forward Dividend Yield % is calculated from a company's financial statements. For Varun Beverages (NSE:VBL), the current Forward Dividend Yield % is 0.40% as of Jul. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Varun Beverages (NSE:VBL) Overvalued in 2026?
Based on GuruFocus' analysis, Varun Beverages stock appears to be undervalued.
The current stock price of ₹507.55 is trading 11.7% below its estimated GF Value™ of ₹574.90.
GuruFocus considers Varun Beverages to be Modestly Undervalued.
Key valuation signals for NSE:VBL:
Forward Dividend Yield %: 0.40%
GF Value™: ₹574.90 vs. price of ₹507.55 (11.7% below fair value)
Industry Position: 85.7% below the Beverages - Non-Alcoholic median (#71 of 75)
No single metric tells the full story. See the NSE:VBL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Varun Beverages Ltd is engaged in manufacturing, selling, bottling, and distribution of beverages of the Pepsi brand in geographically pre-defined territories of India, Sri Lanka, Nepal, Zambia, Morocco, and Zimbabwe. Its brands include Seven-Up, Mountain Dew, Mirinda, Nimbooz, Tropicana Slice, and other related products. The firm generates a majority of its revenue within India.
97GF Score
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