Varun Beverages Balance Sheet
- Market cap
- ₹1.49 lakh crore
- P/E
- 44.1
- P/B
- 6.86
- ROE
- 16.7%
- Dividend yield
- 0.11%
As of Mar 2022, Varun Beverages had total assets of ₹11,618 crore and borrowings of ₹3,884 crore, against shareholders' equity of ₹3,389 crore — a debt-to-equity ratio of 1.15. Borrowings fell 28.49% from Mar 2023.
Varun Beverages balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 650 | 650 | 676 | 676 | 500 |
| Reserves | 2,740 | 4,566 | 6,858 | 9,407 | 8,500 |
| Borrowings | 3,884 | 5,431 | 2,826 | 2,508 | 1,200 |
| Other liabilities | 2,519 | 2,671 | 3,578 | 3,316 | 3,500 |
| Total liabilities | 11,618 | 15,187 | 23,144 | 25,565 | 13,700 |
| Fixed assets | 7,575 | 10,279 | 13,634 | 15,749 | 6,500 |
| Capital work in progress | 100 | 100 | 100 | 100 | 400 |
| Investments | 2,324 | 3,037 | 4,629 | 5,113 | 2,500 |
| Other assets | 3,485 | 4,556 | 6,943 | 7,670 | 4,300 |
| Total assets | 11,618 | 15,187 | 23,144 | 25,565 | 13,700 |
Balance sheet ratios
- Debt to equity
- 1.15
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
Varun Beverages balance sheet — frequently asked questions
What is the total debt of Varun Beverages?
Varun Beverages reported borrowings of ₹3,884 crore as of Mar 2022, compared with ₹5,431 crore as of Mar 2023.
What is Varun Beverages' debt-to-equity ratio?
Based on the Mar 2022 balance sheet, Varun Beverages' debt-to-equity ratio is 1.15 — borrowings of ₹3,884 crore against equity capital and reserves of ₹3,389 crore.
What are Varun Beverages' total assets?
Varun Beverages' total assets were ₹11,618 crore as of Mar 2022, including fixed assets of ₹7,575 crore and investments of ₹2,324 crore.
Same Data For Peers
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Figures are for information only and are not investment advice or a recommendation to buy, sell or hold any security. Investments in securities are subject to market risks; read all related documents carefully before investing.