Varun Beverages vs Hatsun Agro Product: Which Stock Should You Track

Varun Beverages vs Hatsun Agro Product is a comparison FMCG and consumer investors look up when evaluating two high-growth listed beverage companies. Varun Beverages is the largest PepsiCo bottler in India and one of the largest in the world, bottling and distributing Pepsi, Mountain Dew, Tropicana, Gatorade and Sting across India and international markets. Hatsun Agro is a South Indian dairy and ice cream company known for its Arun ice cream brand and Ibaco outlets.

This Varun Beverages vs Hatsun Agro Product article covers reach and market position, key products, latest declared results and stock valuation. The Varun Beverages vs Hatsun Agro Product data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.

Varun Beverages vs Hatsun Agro Product: Reach and Market Position

On the Varun Beverages side of the Varun Beverages vs Hatsun Agro Product comparison, Varun Beverages operates bottling plants across India, Nepal, Sri Lanka, Morocco, Zambia and Zimbabwe, distributing across 7 million-plus retail outlets. It has consistently expanded into new geographies. Market capitalisation is Rs 1,48,304 Cr.

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On the Hatsun Agro Product side of the Varun Beverages vs Hatsun Agro Product comparison, Hatsun Agro operates dairy processing plants primarily in South India — Tamil Nadu, Andhra Pradesh, Karnataka, Telangana and Maharashtra. It has over 9,000 distribution points and over 130 Ibaco ice cream parlours. Market capitalisation is Rs 20,285 Cr.

Varun Beverages vs Hatsun Agro Product: Key Products and Business Mix

In the Varun Beverages vs Hatsun Agro Product product comparison, Varun Beverages offers: Varun Beverages earns from bottling and selling PepsiCo-branded beverages including Pepsi, Mountain Dew, 7UP, Mirinda, Sting and Tropicana. EPS is Rs 10.08. P/E is 43.50x, ROE 15.51 percent, D/E 0.13.

For Hatsun Agro Product in this Varun Beverages vs Hatsun Agro Product breakdown: Hatsun Agro earns from dairy products — pasteurised milk, curd, ghee, paneer — and ice cream under the Arun and Ibaco brands. EPS is Rs 15.64. P/E is 58.23x, ROE 17.97 percent, D/E 1.10.

Varun Beverages vs Hatsun Agro Product: Latest Results

The Varun Beverages vs Hatsun Agro Product results for Varun Beverages: Varun Beverages has a market cap of Rs 1,48,304 Cr and P/E of 43.50x. ROE is 15.51 percent with low debt of D/E 0.13. The company has consistently delivered strong volume growth through distribution expansion.

The Varun Beverages vs Hatsun Agro Product results for Hatsun Agro Product: Hatsun Agro has a market cap of Rs 20,285 Cr and P/E of 58.23x. ROE is 17.97 percent but D/E of 1.10 reflects the capital intensity of dairy farming infrastructure and processing. Hatsun is roughly 7 times smaller than Varun Beverages by market cap.

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Varun Beverages vs Hatsun Agro Product: Stock and Valuation

The Varun Beverages vs Hatsun Agro Product stock comparison uses the latest available market data from Groww. Investors tracking Varun Beverages vs Hatsun Agro Product should verify current prices on NSE or BSE before trading.

Varun Beverages vs Hatsun Agro at current valuations: Varun Beverages trades at Rs 1,48,304 Cr market cap, P/E 43.50x, ROE 15.51 percent. Hatsun Agro trades at Rs 20,285 Cr market cap, P/E 58.23x, ROE 17.97 percent, D/E 1.10. Varun Beverages is much larger with lower D/E; Hatsun trades at a premium P/E relative to size due to its strong South India dairy brand.

Varun Beverages vs Hatsun Agro Product: Quick Comparison Table

The Varun Beverages vs Hatsun Agro Product comparison table below summarises the key metrics covered in this article side by side.

Parameter	Varun Beverages	Hatsun Agro Product
Sector	Carbonated beverages (PepsiCo bottler)	Dairy and ice cream (South India)
Market Cap	Rs 1,48,304 Cr	Rs 20,285 Cr
P/E Ratio	43.50x	58.23x
ROE	15.51%	17.97%
Debt to Equity	0.13	1.10
Geography	India + 6 international markets	South India + Maharashtra
Brand	PepsiCo licence (Pepsi, Sting, Tropicana)	Arun ice cream, Ibaco, own dairy brands

Conclusion

The Varun Beverages vs Hatsun Agro Product comparison above covers the key data points on reach, products, results and valuation. Varun Beverages vs Hatsun Agro covers two Indian FMCG beverage companies in very different sub-segments. Varun Beverages is a global PepsiCo franchise play with strong volume growth and low debt. Hatsun Agro is a South India dairy and ice cream leader with high brand loyalty but dairy processing capital intensity. Investors should review volume growth, distribution expansion, raw material cost trends and international market contributions before taking a view. Consult a SEBI-registered advisor for personalised guidance.

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Frequently Asked Questions

What brands does Varun Beverages bottle?

Ans. Varun Beverages bottles Pepsi, Mountain Dew, 7UP, Mirinda, Sting Energy, Tropicana, Gatorade and Aquafina under licence from PepsiCo. It is PepsiCo's largest bottler in India.

What is Hatsun Agro known for?

Ans. Hatsun Agro is known for its Arun ice cream brand, one of South India's most loved ice cream brands, and its Ibaco ice cream parlour chain. It also sells pasteurised milk, curd and ghee across South India.

Does Varun Beverages pay dividends?

Ans. Varun Beverages has not consistently paid dividends. Investors should check the latest dividend record.

Is Hatsun Agro a dairy company?

Ans. Yes. Hatsun Agro is primarily a dairy company processing and distributing milk and dairy products in South India, alongside its well-known ice cream brands.

Why does Hatsun Agro have higher D/E than Varun Beverages?

Ans. Hatsun Agro invests significantly in dairy processing plants, cold chain infrastructure and milk procurement networks which are capital intensive. Varun Beverages has managed its balance sheet conservatively.

Is Varun Beverages a good long-term investment?

Ans. Varun Beverages has been a strong compounder, driven by volume growth and international expansion. Investors should review its revenue per case growth, capex plans and international territory performance. Consult a SEBI-registered advisor.

Are Varun Beverages and Hatsun Agro in Nifty 50?

Ans. Varun Beverages is in Nifty 50. Hatsun Agro is not in Nifty 50.