StoxVarun Beverages vs United Spirits: share price & financials comparison
NSE: VBL vs UNITDSPR · Fast Moving Consumer Goods · as of 06 Nov 2026
Both prices rebased to 100 at the start of the selected period.
Varun Beverages vs United Spirits at a glance
Varun Beverages (VBL) has a market capitalisation of ₹1,48,153 Cr, against ₹1,02,805 Cr for United Spirits (UNITDSPR). Over the past year United Spirits has returned +2.2%, compared with -11.6% for Varun Beverages. On valuation, Varun Beverages trades at a lower P/E of 42.7 versus 55.6. United Spirits earns a higher return on equity (20.4% vs 16.0%). Varun Beverages comes out ahead on size, valuation, profitability and growth. United Spirits comes out ahead on financial health, momentum and technicals. Across the scored metrics below, Varun Beverages leads on 10 and United Spirits on 8. On StoxGud's 10-point checklist, Varun Beverages scores 6/10 and United Spirits scores 7/10.
| Metric | Varun Beverages | United Spirits |
|---|---|---|
| Size | ||
| Market cap | ₹1,48,153 Cr | ₹1,02,805 Cr |
| Revenue (latest FY) | ₹22,226 Cr | ₹27,816 Cr |
| Net profit (latest FY) | ₹3,036 Cr | ₹1,838 Cr |
| Valuation | ||
| P/E | 42.7 | 55.6 |
| P/B | 6.81 | 11.34 |
| Dividend yield | 0.34% | 1.23% |
| Profitability | ||
| Return on equity | 16.0% | 20.4% |
| Net profit margin | 13.1% | 6.6% |
| Operating margin | 22.4% | 8.1% |
| Growth | ||
| Revenue growth (YoY) | +35.0% | -2.6% |
| Net profit growth (YoY) | +11.7% | -7.8% |
| Revenue CAGR (multi-year) | +27.7% | +0.3% |
| Financial health | ||
| Debt to equity | 0.16 | 0.00 |
| Momentum | ||
| 1-month return | -0.6% | +5.5% |
| 1-year return | -11.6% | +2.2% |
| 3-year CAGR | +5.0% | +9.8% |
| 5-year CAGR | +26.8% | +7.3% |
| 10-year CAGR | +32.0% | +13.4% |
| Distance from 52W high | -19.5% | -8.9% |
| Technicals | ||
| RSI (14) | 53 | 54 |
| Price vs 200-day avg | -4.2% | +3.7% |
Highlighted cells lead on that metric. Market cap, revenue and RSI are shown for context and not scored.
10-point checklist side by side
| Check | Varun Beverages | United Spirits |
|---|---|---|
| Price above 50-day average | ✓ | ✓ |
| Price above 200-day average | ✗ | ✓ |
| 50-day average above 200-day (uptrend) | ✗ | ✓ |
| RSI in healthy 40–70 zone | ✓ | ✓ |
| Positive 1-year return | ✗ | ✓ |
| Return on equity above 15% | ✓ | ✓ |
| Debt to equity below 1 | ✓ | ✓ |
| Revenue growing year on year | ✓ | ✗ |
| Net profit margin above 10% | ✓ | ✗ |
| P/E below industry median | ✗ | ✗ |
| Score | 6/10 | 7/10 |
A rules-based screen for education only — not a buy or sell recommendation.
FAQs
Which is bigger, Varun Beverages or United Spirits?
Varun Beverages has a market cap of ₹1,48,153 Cr and United Spirits has a market cap of ₹1,02,805 Cr as of 06 Nov 2026.
Which has a lower P/E, Varun Beverages or United Spirits?
Varun Beverages has the lower P/E: Varun Beverages trades at 42.7 and United Spirits at 55.6.
Which gave better returns in the last year, Varun Beverages or United Spirits?
United Spirits did better: Varun Beverages returned -11.6% and United Spirits returned +2.2% over one year.
Is Varun Beverages or United Spirits a better buy?
StoxGud does not give buy or sell recommendations. On our rules-based checklist Varun Beverages scores 6/10 and United Spirits scores 7/10; compare valuation, profitability, growth and momentum above and consult a SEBI-registered adviser.