Varun Beverages Limited vs Hatsun Agro Product Limited
An objective side-by-side of VBL and HATSUN, both in Food - Processing - Indian: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-11-05 close
Latest results: VBL Sep 2026 · HATSUN Sep 2026
At a glance
- Varun Beverages Limited is the larger company by market value, about 6.2 times the size of Hatsun Agro Product Limited.
- On trailing earnings, Varun Beverages Limited trades at the lower P/E (41.9 against 64.5).
- Hatsun Agro Product Limited earns the higher return on equity (18.6% against 17.9%).
- Over three years Hatsun Agro Product Limited has grown profits faster (30% a year against 24%).
- Over the past year the share prices returned -10.7% (VBL) and -6.7% (HATSUN).
| Metric | Varun Beverages VBL |
Hatsun Agro HATSUN |
|---|---|---|
| Size and price | ||
| Market cap | ₹146,564 Cr | ₹23,714 Cr |
| Share price | ₹433.30 | ₹1,064.60 |
| Valuation | ||
| P/E | 41.94 | 64.52 |
| P/B | 7.49 | 12.02 |
| EV/EBITDA | 25.12 | 21.72 |
| PEG | 1.75 | 2.15 |
| Dividend yield | 0.3% | 0.9% |
| Profitability | ||
| ROE | 17.9% | 18.6% |
| ROCE | 20.0% | 15.0% |
| Operating margin | 22.9% | 10.8% |
| Sales (TTM) | ₹25,968 Cr | ₹10,881 Cr |
| Net profit (TTM) | ₹3,495 Cr | ₹368 Cr |
| Growth | ||
| Latest quarter sales YoY | +30.9% | +21.7% |
| Latest quarter profit YoY | +11.5% | -3.7% |
| Sales CAGR 3Y | +18.0% | +11.0% |
| Profit CAGR 3Y | +24.0% | +30.0% |
| Sales CAGR 5Y | +27.0% | +12.0% |
| Profit CAGR 5Y | +50.0% | +8.0% |
| Financial strength | ||
| Debt/Equity | 0.13 | 0.91 |
| Interest cover | 22.59 | 4.41 |
| Ownership | ||
| Promoter holding | 59.4% | 73.6% |
| Promoter change (4 qtrs) | -0.01 pp | +0.47 pp |
| Price performance | ||
| Return 1M | -1.37% | -7.43% |
| Return 3M | -0.85% | +16.91% |
| Return 1Y | -10.71% | -6.74% |
| Return YTD | -11.54% | +8.94% |
| Technical condition | ||
| Technical score | 46 | 38 |
| RS rating (1-99) | 50.00 | 76.00 |
| % vs 200-DMA | -5.33% | +9.26% |
| RSI (14) | 56.36 | 49.45 |
| % from 52-week high | -22.04% | -21.12% |
