Varun BeveragesNSE:VBL -0.98%96 Market Cap is ₹1,727,256 Mil as of Jul. 03, 2026. GuruFocus rates NSE:VBL with a GF Score™ of 96/100 and a GF Value™ of ₹575.45 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 118 Beverages - Non-Alcoholic companies, Varun Beverages ranks better than 91.53% on this metric.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Varun Beverages's share price for the quarter that ended in Mar. 2026 was ₹384.1. Varun Beverages's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 3,382 Mil. Therefore, Varun Beverages's market cap for the quarter that ended in Mar. 2026 was ₹1,299,062 Mil.
Varun Beverages's quarterly market cap
increased
from Sep. 2025 (₹1,500,576 Mil) to Dec. 2025 (₹1,656,667 Mil) but then
declined
from Dec. 2025 (₹1,656,667 Mil) to Mar. 2026 (₹1,299,062 Mil).
Varun Beverages's annual market cap
increased
from Dec. 2023 (₹1,606,999 Mil) to Dec. 2024 (₹2,159,094 Mil) but then
declined
from Dec. 2024 (₹2,159,094 Mil) to Dec. 2025 (₹1,656,667 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Varun Beverages's Enterprise Value for Today is ₹1,736,118 Mil.
Varun Beverages (NSE:VBL) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Varun Beverages Market Cap Related Terms
Varun Beverages Market Cap Historical Data
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The historical data trend for Varun Beverages's Market Cap 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Varun Beverages's Market Cap distribution charts can be found below:
* The bar in red indicates where Varun Beverages's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Varun Beverages's Market Cap 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 Market Cap of ₹1,727,256 Mil as of Jul. 03, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Varun Beverages and its competitors. According to the industry distribution chart, Varun Beverages ranks #10 out of 118 companies in the Beverages - Non-Alcoholic industry, placing it in the top 8.5%.
Is Varun Beverages' Market Cap too high?
Varun Beverages' current Market Cap is ₹1,727,256 Mil. Based on the distribution chart, Varun Beverages ranks #10 out of 118 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Varun Beverages has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Varun Beverages' Market Cap compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Varun Beverages ranks #10 out of 118 companies for Market Cap. This places Varun Beverages in the top 9% of its industry — outperforming the majority of peers. The industry median Market Cap is 373.86. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Beverages - Non-Alcoholic company?
The median Market Cap among Beverages - Non-Alcoholic companies is 373.86, based on 118 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Varun Beverages and its competitors. For the Beverages - Non-Alcoholic industry, the median Market Cap is 373.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Varun Beverages's current Market Cap is ₹1,727,256 Mil. 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 ₹575.45, compared to a current price of ₹510.65 — trading 11.3% below its estimated fair value. The current Market Cap is ₹1,727,256 Mil. Varun Beverages' overall GF Score™ is 96/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Varun Beverages (NSE:VBL), the current Market Cap is ₹1,727,256 Mil as of Jul. 03, 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 ₹510.65 is trading 11.3% below its estimated GF Value™ of ₹575.45.
GuruFocus considers Varun Beverages to be Modestly Undervalued.
Key valuation signals for NSE:VBL:
Market Cap: ₹1,727,256 Mil
GF Value™: ₹575.45 vs. price of ₹510.65 (11.3% below fair value)
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.
96GF Score
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