NSE: VBL | BSE: 540180

Falling Comet

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488.75 19.20 (4.09%)

28.24% Fall from 52W High

13.8M NSE+BSE Volume

NSE 23 May, 2025 3:31 PM (IST)

165,288.7

Market Cap

Market Leader

0.9

Beta 1Year

Low volatility

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.

07 May 2025

488.75

4.09%

Resilient domestic growth offsets transitional drag from international portfolio shift

Buy: Varun Beverages Ltd.

Target

KRChoksey

During Q1CY25, VBL’s total revenue increased 28.9% YoY (+50.9% QoQ) to INR 55,669 Mn., which was above our estimates (+16.5%) driven by sharp beat of 20. 4% in CSD segment volumes. Consolidated sales volume grew by 30.0% YoY to 312 Mn cases from 240 Mn cases, driven by strong organic volume growth of 15.5% YoY in India and inorganic volume contributions from South Africa and DRC (Democratic Republic of the Congo).

Varun Beverages Ltd. has an average target of 623.50 from 8 brokers.

Varun Beverages Ltd.

02 May 2025

488.75

4.09%

Result Update:Varun Beverages

Buy: Varun Beverages Ltd.

Target

Axis Direct

With a 25% upside potential from the CMP, we maintain our BUY rating on the stock.

Varun Beverages Ltd. has lost -20.71% in the last 6 Months

Varun Beverages Ltd.

01 May 2025

488.75

4.09%

Beat on FMCG sustains; rains, Tanzania call-off compel EPS cut

Buy: Varun Beverages Ltd.

Target

Emkay

VBL reported a strong and largely in-line quarter. India revenue growth was better at ~18% (vs expectation of ~15%), helped by ~16%/2% growth in volume/realization.

Varun Beverages Ltd. has an average target of 623.50 from 8 brokers.

Varun Beverages Ltd.

30 Apr 2025

488.75

4.09%

Varun Beverages Limited

Buy: Varun Beverages Ltd.

Recommendation Target

Keynote Capitals Ltd

Quarterly Update Q1CY25

KRChoksey decreased Buy price target of Varun Beverages Ltd. to 639.0 on 07 May, 2025.

Varun Beverages Ltd.

10 Apr 2025

488.75

4.09%

VARUN BEVERAGES LIMITED

Hold: Varun Beverages Ltd.

Geojit BNP Paribas

Number of FII/FPI investors decreased from 1150 to 1086 in Mar 2025 qtr

Varun Beverages Ltd.

24 Mar 2025, 12:00AM

488.75

4.09%

Expanding boundaries, elevating innovation, strengthening tomorrow

Buy: Varun Beverages Ltd.

Motilal Oswal

CY24 was a transformative year for Varun Beverages Limited (VBL), marked by strong growth, global expansion, and unwavering sustainability commitments.

Varun Beverages Ltd. has an average target of 623.50 from 8 brokers.

Varun Beverages Ltd.

18 Mar 2025

488.75

4.09%

Eyes on territory expansion

Buy: Varun Beverages Ltd.

Asit C Mehta Investment Interrmediates

We initiate coverage on Varun Beverages Ltd. with a “BUY” rating. We like the company for its demonstrated execution capabilities in India, further headroom for distribution expansion in India, continued territorial expansion in Africa, international margin improvement and strengthening ties with PepsiCo.

Varun Beverages Ltd. has an average target of 623.50 from 8 brokers.

Varun Beverages Ltd.

17 Mar 2025

488.75

4.09%

Annual Report Round-Up

Buy: Varun Beverages Ltd.

KRChoksey

Varun Beverages Limited (VBL) delivered a robust performance in CY24, driven by organic volume expansion, an improved product mix, and contributions from recent acquisitions. Consolidated sales volume grew by 23.2% YoY, while net realization per case increased by 1.3% YoY, leading to a 24.7% YoY rise in revenue and a 25.3% YoY growth in PAT.

KRChoksey decreased Buy price target of Varun Beverages Ltd. to 639.0 on 07 May, 2025.

Varun Beverages Ltd.

12 Feb 2025

488.75

4.09%

Strong volume growth led by International expansion

Buy: Varun Beverages Ltd.

Target

KRChoksey

• For Q4CY24, VBL’s total revenue increased 39.8% YoY (-22.6% QoQ) to INR 38,176 Mn, beating our estimates.
• The consolidated sales volume grew by 38.1% to 215 Mn cases from 155 Mn cases on a YoY basis. This includes 43.0 Mn cases from South Africa and 7.8 Mn cases from DRC during the current quarter.