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 2026-09-21 close
Latest results: VBL Jun 2026 · HATSUN Dec 2025
At a glance
- Varun Beverages Limited is the larger company by market value, about 5.7 times the size of Hatsun Agro Product Limited.
- On trailing earnings, Varun Beverages Limited trades at the lower P/E (42.2 against 72.3).
- Hatsun Agro Product Limited earns the higher return on equity (19.0% against 17.4%).
- Over the past year the share prices returned -9.9% (VBL) and +24.7% (HATSUN).
| Metric | Varun Beverages VBL |
Hatsun Agro HATSUN |
|---|---|---|
| Size and price | ||
| Market cap | ₹143,756 Cr | ₹25,186 Cr |
| Share price | ₹425.00 | ₹1,131 |
| Valuation | ||
| P/E | 42.16 | 72.31 |
| P/B | 7.34 | 13.77 |
| EV/EBITDA | 25.87 | 23.33 |
| PEG | 1.76 | — |
| Dividend yield | 0.4% | 0.9% |
| Profitability | ||
| ROE | 17.4% | 19.0% |
| ROCE | 20.0% | 13.0% |
| Operating margin | 23.2% | 12.1% |
| Sales (TTM) | ₹24,408 Cr | ₹9,624 Cr |
| Net profit (TTM) | ₹3,410 Cr | ₹348 Cr |
| Growth | ||
| Latest quarter sales YoY | +18.0% | +17.6% |
| Latest quarter profit YoY | +15.1% | +47.8% |
| Sales CAGR 3Y | +18.0% | — |
| Profit CAGR 3Y | +24.0% | — |
| Sales CAGR 5Y | +27.0% | — |
| Profit CAGR 5Y | +50.0% | — |
| Financial strength | ||
| Debt/Equity | 0.13 | 1.10 |
| Interest cover | 22.59 | 4.50 |
| Ownership | ||
| Promoter holding | 59.4% | 73.2% |
| Promoter change (4 qtrs) | -0.39 pp | +0.00 pp |
| Price performance | ||
| Return 1M | -3.03% | +17.33% |
| Return 3M | -17.15% | +23.09% |
| Return 1Y | -9.89% | +24.73% |
| Return YTD | -13.24% | +15.71% |
| Technical condition | ||
| Technical score | 43 | 61 |
| RS rating (1-99) | 33.00 | 76.00 |
| % vs 200-DMA | -8.97% | +17.90% |
| RSI (14) | 52.34 | 51.49 |
| % from 52-week high | -23.53% | -16.23% |
