Jaipuria Group
Jaipuria Group Group Stocks
Check out the complete list of shares/stocks of Jaipuria Group listed on NSE & BSE.
The Jaipuria Group, operating through RJ Corp, is one of India's best-known consumer businesses. Kant Jaipuria, often called India's "Cola King", built it from a single PepsiCo bottling deal into a group that now spans beverages, fast food, dairy, healthcare, and education.
What sets this group apart is its franchise-led approach. Instead of creating brands from scratch, the group partnered with global giants like PepsiCo and Yum! Brands and scaled those partnerships into businesses. That strategy has worked remarkably well, reaching millions of Indian consumers every day.
The group’s two flagship listed entities, Varun Beverages Limited and Devyani International Limited, are among the most closely tracked consumer stocks on Indian exchanges. Unlike other conglomerates, the Jaipuria Group has maintained a reputation for consistent growth from the beginning.
Jaipuria Group stocks are suited to investors seeking a consumer-driven Indian business group with strong brand associations and genuine growth. This blog covers everything about the Jaipuria Group, from how the business was built to which companies are listed.
About Jaipuria Group of Companies
Ravi Kant Jaipuria founded RJ Corp in the early 1990s after joining the family bottling business. He became a PepsiCo franchisee in 1991 and a Yum! Brands franchisee in 1997.
The RJ Corp group's listed equity portfolio is anchored by two consumer stocks. The RJ Corp group's listed equity portfolio is anchored by two consumer stocks. Varun Beverages Limited (VBL) stands as PepsiCo's second-largest bottling partner outside the United States. The promoter group sits at roughly 63% ownership in VBL. The stock has clocked over 400% returns in five years.
Devyani International runs over 1,500 KFC, Pizza Hut, and Costa Coffee stores across 200-plus cities, holding its ground as India's biggest Yum! Brands franchisee. RJ Corp owns around 54% of Devyani, and India's QSR space is tipped to grow at roughly 23% CAGR through 2028.
Global Health Limited (Medanta) brings listed hospital exposure into the mix; India's private healthcare market is on track to hit $132 billion by 2030, according to IBEF. Creambell, Lemon Tree Hotels, and DPS franchises sit outside the listed universe. This group cuts across beverages, restaurants, hospitals, and hotels.
Varun Beverages suits investors who want a well-established, profit-generating consumer stock with global franchise backing. Devyani International is better suited to those willing to back a high-growth QSR story with a longer time horizon.
Frequently Asked Questions
Varun Beverages trades on the BSE and NSE as VBL, and Devyani International trades as DEVYANI. Both can be bought through any stockbroker or trading app with a demat account. Since these stocks move with consumer demand and quarterly volume numbers, checking recent sales trends before buying helps investors choose a better entry point.
Varun Beverages is the stronger long-term pick for most investors. It has revenues of ₹21,685 crore, a net profit of ₹3,062 crore, and a promoter holding of 59.4%, all signs of a well-run, scaled business. Devyani International works better for investors comfortable with a growth-stage, expansion-heavy QSR company that is still building its profit base.
Ravi Kant Jaipuria is the founder and chairman of RJ Corp, which controls the group. The Jaipuria family and RJ Corp hold around 62.91% in Varun Beverages and 62.74% in Devyani International. His son Varun leads the beverage and food businesses, while his daughter Devyani heads healthcare and education, a succession structure that was formally put in place in 2024.
Varun Beverages is the largest by a wide margin. Its market cap stands at around ₹1,67,397 crore, making it a large-cap stock and one of the most valuable consumer companies in India. Devyani International is smaller but growing and is increasingly tracked by investors looking at India’s fast food sector.
The group does not hold shares as a single entity. Promoter stakes are spread across the listed companies. The Jaipuria family and RJ Corp hold approximately 62.91% of Varun Beverages and 62.74% of Devyani International. The remaining shares are held by public investors, mutual funds, and foreign institutional investors. Exact numbers are disclosed quarterly through BSE and NSE filings.
Varun Beverages and Devyani International are the two stocks that investors track within the group. VBL commands a market capitalisation of around ₹1.6 lakh crore. Devyani trades at a market cap of roughly ₹16,000 crore.
Varun Beverages runs a clean balance sheet. Its debt-to-equity ratio is just 0.02, which is very low for a company of its size. Devyani International carries more debt with the plan to open new stores and expand into new cities and countries.
For the beverage sector comparison, Hindustan Coca-Cola Beverages is the obvious name to track alongside Varun Beverages. In QSR, Westlife Foodworld, which runs McDonald’s in India, and Jubilant FoodWorks are worth following alongside Devyani International. Sapphire Foods, which also operates KFC and Pizza Hut, is another direct peer that recently entered merger discussions with Devyani.
Varun Beverages is the group’s biggest and most reliable profit generator. It reported revenues of ₹21,685 crore and a net profit of ₹3,062 crore, supported by strong volumes and international expansion into African markets. Devyani International is also profitable but operates at lower margins. Varun Beverages remains the financial backbone of the group.