NSE: VBL | BSE: 540180

Falling Comet

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389.30 -12.15 (-3.03%)

New 52W Low in past week

9.7M NSE+BSE Volume

NSE 27 Mar, 2026 3:31 PM (IST)

131,664.9

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Market Leader

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Varun Beverages Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for VBL, BSE:540180 Varun Beverages Ltd.

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Varun Beverages Ltd.

17 Mar 2026

389.30

-3.03%

Multi-platform strategy to support growth

Buy: Varun Beverages Ltd.

Motilal Oswal

CY25 was a subdued year for Varun Beverages Limited (VBL), as unusually heavy rainfall led to weak beverage consumption, resulting in modest volume growth of 8% in the consolidated business and 2% in India, with realizations remaining largely flat.

Varun Beverages Ltd. is trading below all available SMAs

Varun Beverages Ltd.

21 Feb 2026

389.30

-3.03%

Pick of the Week:Varun Beverages

Buy: Varun Beverages Ltd.

Target

Axis Direct

We recommend a BUY with a target price of Rs 500/share, implying an upside of 10% from the CMP.

Motilal Oswal released a Buy report for Varun Beverages Ltd. with a price target of 550.0 on 17 Mar, 2026.

Varun Beverages Ltd.

17 Feb 2026

389.30

-3.03%

Delivering growth on two fronts: International and domestic

Buy: Varun Beverages Ltd.

Target

Motilal Oswal

Varun Beverages (VBL) has been one of the fastest-growing domestic FMCG companies, registering a revenue CAGR of 20% over the last 10 years.

Varun Beverages Ltd. has an average target of 575.26 from 10 brokers.

Varun Beverages Ltd.

04 Feb 2026

389.30

-3.03%

Result Update:Varun Beverages

Buy: Varun Beverages Ltd.

Target

Axis Direct

We maintain our BUY recommendation on the stock.

Number of FII/FPI investors decreased from 990 to 939 in Dec 2025 qtr

Varun Beverages Ltd.

22 Dec 2025

389.30

-3.03%

Twizza acquisition – Synergies to further build momentum in SA

Buy: Varun Beverages Ltd.

Target

Emkay

VBL has acquired 100% stake in Twizza (Pty), which manufactures and distributes own branded NARTD beverages in South Africa. With this acquisition, VBL’s volume market share is set to increase to ~20% in the geography by CY27E (vs ~10% now).

Number of FII/FPI investors decreased from 990 to 939 in Dec 2025 qtr

Varun Beverages Ltd.

27 Nov 2025

389.30

-3.03%

Valuation Rationale

Accumulate: Varun Beverages Ltd.

NDA Securities

We expect valuation multiples to remain firm in the near term, supported by VBL’s market leadership, strong profitability profile, and visibility on double-digit earnings growth.

Varun Beverages has lost -27.86% in the last 1 Year

Varun Beverages Ltd.

30 Oct 2025

389.30

-3.03%

Indian volumes stood impacted by prolonged rainfall; medium-term outlook remains constructive

Buy: Varun Beverages Ltd.

Target

Deven Choksey

Management remains optimistic about sustaining growth momentum, supported by robust international performance and a recovery in domestic demand as weather conditions normalize.

Motilal Oswal released a Buy report for Varun Beverages Ltd. with a price target of 550.0 on 17 Mar, 2026.

Varun Beverages Ltd.

30 Oct 2025

389.30

-3.03%

Result Update:Varun Beverages

Buy: Varun Beverages Ltd.

Target

Axis Direct

With a 14% upside potential from the CMP, we maintain our BUY rating on the stock.

Motilal Oswal released a Buy report for Varun Beverages Ltd. with a price target of 550.0 on 17 Mar, 2026.

Varun Beverages Ltd.

29 Oct 2025, 12:00AM

389.30

-3.03%

Muted performance led by prolonged monsoon season

Buy: Varun Beverages Ltd.

Target

Motilal Oswal

3QCY25 was a muted quarter for Varun Beverages (VBL) as its revenue grew only ~2% YoY due to prolonged monsoon across India.

Varun Beverages Ltd. has an average target of 575.26 from 10 brokers.

Varun Beverages Ltd.

18 Aug 2025

389.30

-3.03%

VARUN BEVERAGES LIMITED

Hold: Varun Beverages Ltd.

Target

Geojit BNP Paribas

International markets grew 15.1% YoY, led by 16.1% YoY growth in South Africa, on strong currency movement and commissioning of new can line in Durban. EBITDA grew 0.4% YoY to Rs. 1,999cr and margin expanded 75bps YoY to 27.9%, on newer, high-efficiency lines and strong currency in international operations. The company delivered a resilient performance driven by robust execution, *over or under performance to benchmark index expanded distribution and operational ramp-up of new plants. The management is focused on strategic international expansion, backward integration, snack...

Number of FII/FPI investors decreased from 990 to 939 in Dec 2025 qtr

Is Varun Beverages Ltd. worth buying?

1701 Votes:

Buy 78.01%

Sell 10.52%

Hold 11.46%

RESEARCH REPORTS

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