NSE: VBL | BSE: 540180

Expensive Performer

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508.85 -1.75 (-0.34%)

Near 52W High of ₹534.70

2.0M NSE+BSE Volume

NSE 08 May, 2026 3:31 PM (IST)

172,108.1

Market Cap

Market Leader

Beta 1Year

High 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.

29 Apr 2026

508.85

-0.34%

Result Update:Varun Beverages

Buy: Varun Beverages Ltd.

Target

Axis Direct

With a 22% upside potential from the CMP, we maintain our BUY rating on the stock.

Varun Beverages Ltd. is trading above all available SMAs

Varun Beverages Ltd.

28 Apr 2026

508.85

-0.34%

Topline outperformance and resilient bottom-line vs peers

Buy: Varun Beverages Ltd.

Target

Emkay

We maintain BUY on VBL, while hoisting our TP by ~15% to Rs620 (from Rs540) on 5-6% EPS increase led by PAT beat of 11% and addition of Twizza.

Promoters released all pledges in Mar 2026 qtr.

Varun Beverages Ltd.

28 Apr 2026

508.85

-0.34%

Scale-driven growth; pricing yet to catch up

Hold: Varun Beverages Ltd.

ICICI Securities Limited

VBL reported a strong Q1CY26 result with broad-based, volume-led growth (16.3% YoY), supported by healthy traction across India and international markets. India realisation declined (-1.5%), reflecting limited pricing power and continued reliance on penetration-led initiatives.

Promoters released all pledges in Mar 2026 qtr.

Varun Beverages Ltd.

28 Apr 2026

508.85

-0.34%

Result Update – Q4FY26

Hold: Varun Beverages Ltd.

Recommendation Target

Deven Choksey

The demand outlook for VBL remains constructive. India’s per capita soft drink consumption is among the lowest globally, and VBL’s dual strategy of deepening retail
penetration (via visi-coolers and distribution expansion) and broadening the consumer funnel (via affordable price-point launches) should sustain double-digit volume growth through CY2026. The international portfolio now spanning 10 franchise countries with distribution in 4 more provides diversification and a structural growth vector, particularly in underpenetrated African markets.

Varun Beverages has gained 20.61% in the last 1 Month

Varun Beverages Ltd.

27 Apr 2026

508.85

-0.34%

Strong volume drives revenue growth

Buy: Varun Beverages Ltd.

Target

Motilal Oswal

Varun Beverages (VBL) posted a strong quarter with ~16% YoY volume growth, led by strong volume growth of 14.4% in India and 21.4% in international territories.

Promoters released all pledges in Mar 2026 qtr.

Varun Beverages Ltd.

30 Mar 2026

508.85

-0.34%

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...

Number of FII/FPI investors increased from 939 to 953 in Mar 2026 qtr.

Varun Beverages Ltd.

17 Mar 2026

508.85

-0.34%

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.