Varun Beverages Ltd.

Financial

	Varun Beverages	ITC	Nestle
Operational Metrics
Beverages
Quarterly Sales Volume - Beverage Cases	156.0 Mn Cases	n/a	n/a
Realization Per Case	175.7 Rs	n/a	n/a
Financials
5 yr Average ROE	19.89 %	23.74 %	91.1 %
5yr average Equity Multiplier	2.35	1.22	3.54
5yr Average Asset Turnover Ratio	0.94	0.72	1.7
5yr Avg Net Profit Margin	8.75 %	27.18 %	14.85 %
Price to Book	26.99	7.9	73.96
P/E	91.08	26.63	77.31
5yr Avg Cash Conversion Cycle	13.63 Days	9.8 Days	-64.19 Days
Inventory Days	42.32 Days	59.06 Days	34.07 Days
Days Receivable	7.22 Days	12.92 Days	3.75 Days
Days Payable	49.89 Days	67.62 Days	110.48 Days
5yr Average Interest Coverage Ratio	6.51	301.56	19.95
5yr Avg ROCE	20.73 %	31.48 %	54.18 %
5yr Avg Operating Profit Margin	21.01 %	40.59 %	24.75 %
5 yr average Debt to Equity	0.85	0.0	0.02
5yr CAGR Net Profit	34.39 %	8.79 %	8.27 %
5yr Average Return on Assets	8.63 %	19.46 %	25.25 %
Shareholdings
Promoter Holding	62.91 %	0.0	62.76 %
Share Pledged by Promoters	0.04 %	0.0	0.0
Change in Promoter Holding (3 Yrs)	-3.49 %	0.0	0.0
Change in Mutual Fund Holding (3 Yrs)	-3.2 %	2.42 %	0.64 %

Business

	Varun Beverages	ITC	Nestle
Product Wise Break-Up	Product Wise Break-Up Carbonated Soft Drinks 68.0 Packaged Drinking Water 27.0 Fruit Pulp/Juice-Based Drinks- 5.0 Non-Carbonated Beverages 0 Paperboards, Paper And Packaging 0 Agri Business 0 Hotels 0 FMCG 0 Confectionery 0 Powdered & Liquid Beverages 0 Prepared Dishes & Cooking Aids 0 Milk Products And Nutrition 0	Product Wise Break-Up Prepared Dishes & Cooking Aids 0 Non-Carbonated Beverages 0 FMCG 65.31 Confectionery 0 Packaged Drinking Water 0 Powdered & Liquid Beverages 0 Carbonated Soft Drinks 0 Fruit Pulp/Juice-Based Drinks- 0 Hotel 4.22 Paper & Board 10.06 Agricultural 15.82 Milk Products And Nutrition 0 Others 4.59	Product Wise Break-Up Prepared Dishes & Cooking Aids 32.2 Non-Carbonated Beverages 0 FMCG 0 Confectionery 16.0 Packaged Drinking Water 0 Powdered & Liquid Beverages 11.4 Carbonated Soft Drinks 0 Fruit Pulp/Juice-Based Drinks- 0 Hotels 0 Paperboards, Paper And Packaging 0 Agri Business 0 Milk Products 40.4
Location Wise Break-Up	Location Wise Break-Up India 78.1 Rest of the World 21.9 Zambia 0 Morocco 0 Sri Lanka 0 Nepal 0	Location Wise Break-Up Sri Lanka 0 Zambia 0 Rest of the World 21.0 Morocco 0 India 79.0 Nepal 0	Location Wise Break-Up Sri Lanka 0 Zambia 0 Rest of the World 3.53 Morocco 0 India 96.47 Nepal 0
Brand Wise Break-Up	Brand Wise Break-Up Mountain Dew 47.0 Pepsi 22.0 Mirinda 17.0 Seven-Up 10.0 Others 4.0	-	-