Varalakshmi or Varalaxmi might refer to:
Varalakshmi, another name for the goddess Lakshmi, especially on the day of Varalakshmi Vratam G. Varalakshmi, veteran South Indian film actress (1926-2006) P. R. Varalakshmi, South Indian film actress S. Varalakshmi, veteran South Indian film actress and singer Varalaxmi Sarathkumar (born 1985), South Indian film actress, daughter of veteran South Indian film actor R. Sarathkumar