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Varun BeveragesNSE:VBL -1.88%98 Days Inventory is 91.44 as of Mar. 2026, which is 7% below its 10-year median of 98.80. GuruFocus rates NSE:VBL with a GF Score™ of 98/100 and a GF Value™ of ₹578.47 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 116 Beverages - Non-Alcoholic companies, Varun Beverages ranks worse than 75.86% on this metric.
The historical rank and industry rank for Varun Beverages's Days Inventory or its related term are showing as below:
NSE:VBL'
s Days Inventory Range Over the Past 10 Years
Min: 79.74 Med: 98.8 Max: 116.39
Current: 105.87
During the past 11 years, Varun Beverages's highest Days Inventory was 116.39. The lowest was 79.74. And the median was 98.80.
NSE:VBL's Days Inventory is ranked worse than 75.86% of 116
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 61.34
vs NSE:VBL: 105.87
Varun Beverages's Days Inventory
declined
from Mar. 2025 (100.71) to Mar. 2026 (91.44).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Varun Beverages's Inventory Turnover for the
three
months ended in Mar. 2026 was 1.00.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Varun Beverages's Inventory-to-Revenue for the
three
months ended in Mar. 2026 was 0.45.
Varun Beverages (NSE:VBL) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Varun Beverages's Inventory Turnover for the
three
months ended in Mar. 2026 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Varun Beverages's Inventory to Revenue for the
three
months ended in Mar. 2026 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Varun Beverages Days Inventory Related Terms
Varun Beverages Days Inventory Historical Data
* Premium members only.
The historical data trend for Varun Beverages's Days Inventory can be seen below:
* 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.
NSE:VBL vs KO, PEP, MNST: Days Inventory Comparison
For the Beverages - Non-Alcoholic subindustry, Varun Beverages's Days Inventory, along with its competitors' market caps and Days Inventory 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 Days Inventory vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Varun Beverages's Days Inventory distribution charts can be found below:
* The bar in red indicates where Varun Beverages's Days Inventory falls into.
* 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.
Varun Beverages (NSE:VBL) has a Days Inventory of 91.44 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Varun Beverages and its competitors. This is near median its historical median of 98.80. Over the past decade, Varun Beverages' Days Inventory has ranged from 79.74 to 116.39. According to the industry distribution chart, Varun Beverages ranks #88 out of 116 companies in the Beverages - Non-Alcoholic industry, placing it in the top 75.9%.
Is Varun Beverages' Days Inventory too high?
Varun Beverages' current Days Inventory of 91.44 is near median its 10-year median of 98.80. Over the past 10 years, this metric has ranged from a low of 79.74 to a high of 116.39. The Beverages - Non-Alcoholic industry median Days Inventory is 61.34. Varun Beverages' value of 91.44 is 49.1% above this industry median. Based on the distribution chart, Varun Beverages ranks #88 out of 116 companies in the Beverages - Non-Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Varun Beverages has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Varun Beverages' Days Inventory compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Varun Beverages ranks #88 out of 116 companies for Days Inventory. This places Varun Beverages in the lower half of its industry. The industry median Days Inventory is 61.34. Varun Beverages' value of 91.44 is 49.1% above this benchmark. Historically, Varun Beverages' own Days Inventory has ranged from 79.74 to 116.39 over the past decade. While the company's 10-year median is 98.80 vs. the industry median of 61.34, Varun Beverages has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Beverages - Non-Alcoholic company?
The median Days Inventory among Beverages - Non-Alcoholic companies is 61.34, based on 116 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Varun Beverages's current Days Inventory of 91.44 is 49.1% above 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 Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Varun Beverages and its competitors. For the Beverages - Non-Alcoholic industry, the median Days Inventory is 61.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Varun Beverages's current Days Inventory is 91.44, which is near median its own 10-year median of 98.80. 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 ₹578.47, compared to a current price of ₹469.10 — trading 18.9% below its estimated fair value. The current Days Inventory is 91.44, which is near median its 10-year median of 98.80 and 49.1% above the Beverages - Non-Alcoholic industry median of 61.34. Varun Beverages' overall GF Score™ is 98/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Varun Beverages (NSE:VBL), the current Days Inventory is 91.44 as of Mar. 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 ₹469.10 is trading 18.9% below its estimated GF Value™ of ₹578.47.
GuruFocus considers Varun Beverages to be Modestly Undervalued.
Key valuation signals for NSE:VBL:
Days Inventory: 91.44 (near median its 10-year median of 98.80)
GF Value™: ₹578.47 vs. price of ₹469.10 (18.9% below fair value)
Industry Position: 49.1% above the Beverages - Non-Alcoholic median (#88 of 116)
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.
98GF Score
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