NSE: VBL | BSE: 540180

Expensive Performer

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416.60 15.75 (3.93%)

26.72% Fall from 52W High

2.2M NSE+BSE Volume

NSE 08 Apr, 2026 10:17 AM (IST)

140,898.1

Market Cap

Market Leader

Beta 1Year

Average volatility

Dividend

Varun Beverages last dividend of ₹0.50 per share was given on 08 Apr 2026 See details

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.

30 Mar 2026

416.60

3.93%

VARUN BEVERAGES LIMITED

Hold: Varun Beverages Ltd.

Target

Geojit BNP Paribas

Varun Beverages demonstrated resilient financial results in Q4CY25, supported by robust volume growth and improved realisations despite earlier weather-related disruptions. The planned acquisition in South Africa is expected to strengthen manufacturing capabilities and deepen distribution networks, unlocking further synergies. The company's focus on operational efficiency and strategic investments, with moderated capital expenditure (capex) requirements in India and focused...

Varun Beverages Ltd. has an average target of 562.16 from 10 brokers.

Varun Beverages Ltd.

17 Mar 2026

416.60

3.93%

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

416.60

3.93%

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.

Geojit BNP Paribas decreased Hold price target of Varun Beverages Ltd. to 422.0 on 30 Mar, 2026.

Varun Beverages Ltd.

17 Feb 2026

416.60

3.93%

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.

Geojit BNP Paribas decreased Hold price target of Varun Beverages Ltd. to 422.0 on 30 Mar, 2026.

Varun Beverages Ltd.

04 Feb 2026

416.60

3.93%

Result Update:Varun Beverages

Buy: Varun Beverages Ltd.

Target

Axis Direct

We maintain our BUY recommendation on the stock.

Geojit BNP Paribas decreased Hold price target of Varun Beverages Ltd. to 422.0 on 30 Mar, 2026.

Varun Beverages Ltd.

22 Dec 2025

416.60

3.93%

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

416.60

3.93%

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.

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

Varun Beverages Ltd.

30 Oct 2025

416.60

3.93%

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.