Varun BeveragesNSE:VBL -4.06%97 Days Payable is 43.41 as of Mar. 2026, which is 6% below its 10-year median of 45.96. GuruFocus rates NSE:VBL with a GF Score™ of 97/100 and a GF Value™ of ₹576.55 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 114 Beverages - Non-Alcoholic companies, Varun Beverages ranks worse than 56.14% on this metric.
The historical rank and industry rank for Varun Beverages's Days Payable or its related term are showing as below:
NSE:VBL'
s Days Payable Range Over the Past 10 Years
Min: 38.25 Med: 45.96 Max: 63.59
Current: 52.01
During the past 11 years, Varun Beverages's highest Days Payable was 63.59. The lowest was 38.25. And the median was 45.96.
NSE:VBL's Days Payable is ranked worse than 56.14% of 114
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 58.47
vs NSE:VBL: 52.01
Varun Beverages's Days Payable
declined
from Mar. 2025 (56.30) to Mar. 2026 (43.41).
It may suggest that Varun Beveragesaccelerated paying its suppliers.
Varun Beverages Days Payable Related Terms
Varun Beverages Days Payable Historical Data
* Premium members only.
The historical data trend for Varun Beverages's Days Payable 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.
For the Beverages - Non-Alcoholic subindustry, Varun Beverages's Days Payable, along with its competitors' market caps and Days Payable 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 Payable vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Varun Beverages's Days Payable distribution charts can be found below:
* The bar in red indicates where Varun Beverages's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Varun Beverages's Days Payable for the fiscal year that ended in Dec. 2025 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.
Varun Beverages (NSE:VBL) has a Days Payable of 43.41 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Varun Beverages and its competitors. This is near median its historical median of 45.96. Over the past decade, Varun Beverages' Days Payable has ranged from 38.25 to 63.59. According to the industry distribution chart, Varun Beverages ranks #64 out of 114 companies in the Beverages - Non-Alcoholic industry, placing it in the top 56.1%.
Is Varun Beverages' Days Payable too high?
Varun Beverages' current Days Payable of 43.41 is near median its 10-year median of 45.96. Over the past 10 years, this metric has ranged from a low of 38.25 to a high of 63.59. The Beverages - Non-Alcoholic industry median Days Payable is 58.47. Varun Beverages' value of 43.41 is 25.8% below this industry median. Based on the distribution chart, Varun Beverages ranks #64 out of 114 companies in the Beverages - Non-Alcoholic industry, which is below the industry midpoint. 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' Days Payable compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Varun Beverages ranks #64 out of 114 companies for Days Payable. This places Varun Beverages in the lower half of its industry. The industry median Days Payable is 58.47. Varun Beverages' value of 43.41 is 25.8% below this benchmark. Historically, Varun Beverages' own Days Payable has ranged from 38.25 to 63.59 over the past decade. While the company's 10-year median is 45.96 vs. the industry median of 58.47, Varun Beverages has consistently been below 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 Payable for a Beverages - Non-Alcoholic company?
The median Days Payable among Beverages - Non-Alcoholic companies is 58.47, based on 114 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Varun Beverages's current Days Payable of 43.41 is 25.8% 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 Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Varun Beverages and its competitors. For the Beverages - Non-Alcoholic industry, the median Days Payable is 58.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Varun Beverages's current Days Payable is 43.41, which is near median its own 10-year median of 45.96. 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 ₹576.55, compared to a current price of ₹494.85 — trading 14.2% below its estimated fair value. The current Days Payable is 43.41, which is near median its 10-year median of 45.96 and 25.8% below the Beverages - Non-Alcoholic industry median of 58.47. Varun Beverages' overall GF Score™ is 97/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Varun Beverages (NSE:VBL), the current Days Payable is 43.41 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 ₹494.85 is trading 14.2% below its estimated GF Value™ of ₹576.55.
GuruFocus considers Varun Beverages to be Modestly Undervalued.
Key valuation signals for NSE:VBL:
Days Payable: 43.41 (near median its 10-year median of 45.96)
GF Value™: ₹576.55 vs. price of ₹494.85 (14.2% below fair value)
Industry Position: 25.8% below the Beverages - Non-Alcoholic median (#64 of 114)
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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