NSE: VBL | BSE: 540180

Slowing Down Stock

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443.45 0.50 (0.11%)

33.18% Fall from 52W High

5.5M NSE+BSE Volume

NSE 03 Oct, 2025 3:59 PM (IST)

149,973.1

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.

Varun Beverages Ltd.

21 Feb 2019

443.45

0.11%

Varun Beverages

Hold: Varun Beverages Ltd.

ICICI Securities Limited

Revenues witnessed growth of 49% to | 785.6 crore (I-direct estimate | 600.1 crore) led by 39.4% volume growth and 10% realisation increase mainly due to a change in product mix in favour of juices. Volume growth was led by aggressive territory acquisition in MP, Odisha, Bihar and Jharkhand in previous year. The organic volume growth in India was 28% during the quarter Operating profit more than doubled from | 22.5 crore to | 47.8 crore (I-direct estimate: | 35.2 crore) in Q4. Operating margins...

Number of FII/FPI investors decreased from 1086 to 1069 in Jun 2025 qtr

Varun Beverages Ltd.

18 Feb 2019

443.45

0.11%

Reiterate Buy with a new TP of Rs953 based on 13x CY20E EV/EBITDA, implying 24% upside fr...

Buy: Varun Beverages Ltd.

Emkay

The new territories are in South and West regions and should generate superior ROCEs due to better seasonality. The deal size is Rs18bn, valuing the acquiring business at 1x EV/Sales and 4.5x EV/EBITDA on a 1-year forward basis. VBL plans to raise new equity capital to partly fund the deal. We have not factored this into our forecasts as we await further details. The deal is expected to be EPS-accretive by CY20. We expect ROE to rise to 19.5% in CY20 from 15% in CY18. In our view, VBL should command valuations similar to other consumer franchise...

Varun Beverages Ltd. is trading below all available SMAs

Varun Beverages Ltd.

17 Dec 2018

443.45

0.11%

Varun Beverages Ltd. - Result Update - 17 December 2018

Results Update: Varun Beverages Ltd.

Way2Wealth

Varun Beverages Ltd. declared its Q3CY18 results recently. Net Revenues grew by 21% YoY to `1166crs. led by robust volume growth of 17.2%. EBITDA for Q3CY18 grew by 13.9% on a YOY basis to `211.3crs. Margins contracted by 110bps to 18.1%. PAT for Q3CY18...

Number of FII/FPI investors decreased from 1086 to 1069 in Jun 2025 qtr

Varun Beverages Ltd.

05 Nov 2018

443.45

0.11%

Pick of the Week:05 NOV 2018

Buy: Varun Beverages Ltd.

Axis Direct

Varun Beverages Ltd. is trading below all available SMAs

Varun Beverages Ltd.

26 Oct 2018

443.45

0.11%

Varun Beverages

Buy: Varun Beverages Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues witnessed a growth of 21% to | 1165.7 crore (I-direct estimate: | 1127.3 crore) led by 17.2% volume growth mainly on the back of territory acquisition in MP, Odisha, Bihar and Jharkhand...

Varun Beverages Ltd. is trading below all available SMAs

Varun Beverages Ltd.

13 Aug 2018

443.45

0.11%

Varun Beverages Ltd. - Result Update - 13 August 2018

Hold: Varun Beverages Ltd.

Way2Wealth

Varun Beverages Ltd. declared its Q2CY18 results recently. Net Revenues grew by 26.1% to `2059.1 crs. led by robust volume growth of 21.3%. EBITDA for Q2 grew by 19.6%on a YO-Y basis to `574.8 crs. Margins contracted by 150 bps to 27.9%. PAT for Q2CY18 increased by 23.6% yoy. This was on the back of robust volume growth in India and gradual...

Varun Beverages Ltd. is trading below all available SMAs

Varun Beverages Ltd.

10 Aug 2018

443.45

0.11%

Varun Beverages

Buy: Varun Beverages Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues witnessed growth of 26.1% to | 2059.1 crore (I-direct estimate: | 2052.8 crore) led by 21.3% volume growth mainly on the back of some of the territory acquisition in Madhya Pradesh, Odisha, Bihar and Jharkhand last year. The company reported organic volume growth of 12.6% in the India business whereas it reported 9.8% on a consolidated basis during the quarter EBITDA grew 19.6% YoY to | 574.9 crore. Operating margins...

Varun Beverages Ltd. has lost -27.57% in the last 1 Year

Varun Beverages Ltd.

31 May 2018

443.45

0.11%

High Conviction Ideas:31 MAY 2018

Buy: Varun Beverages Ltd.

Axis Direct

Maruti Suzuki India: Leader strengthening its leadership, Scope for margin expansion despite recent headwinds; Varun Beverages: A proxy play on beverages growth in underpenetrated markets

Varun Beverages Ltd. is trading below all available SMAs

Varun Beverages Ltd.

14 May 2018

443.45

0.11%

Varun Beverages Ltd. - Result Update - 14 May 2018

Hold: Varun Beverages Ltd.

Way2Wealth

Varun Beverages Ltd. declared its Q1CY18 results recently. Net Revenues grew by 24.5% to `1095crs. in Q1. EBITDA for Q1 grew by 25.8%on a Y-O-Y basis to `172.7crs. Margins expanded by 20 bps to15.8%. PAT for Q1CY18 increased by 185.8% yoy. This was on the...

Number of FII/FPI investors decreased from 1086 to 1069 in Jun 2025 qtr

Varun Beverages Ltd.

04 May 2018

443.45

0.11%

Varun Beverages

Buy: Varun Beverages Ltd.

ICICI Securities Limited

Revenues witnessed growth of 6.8% (24.5% growth on a comparable basis) to | 1122.3 crore (I-direct estimate | 1244.8 crore) led by 19.7% volume growth on the back of territory acquisition in Madhya Pradesh and Odisha last year. The company reported organic volume growth of 12% in the quarter Operating profit grew 25.8% to | 172.7 crore vs. | 137.2 crore in the corresponding quarter. Operating margins improved 20 bps to 15.8%. Q1 is a seasonally lean quarter for the company. Net profit...

Varun Beverages Ltd. has lost -27.57% in the last 1 Year

Is Varun Beverages Ltd. worth buying?

1616 Votes:

Buy 77.91%

Sell 10.58%

Hold 11.51%

RESEARCH REPORTS

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