NSE: VBL | BSE: 540180

Slowing Down Stock

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438.95 -4.50 (-1.01%)

Near 52W Low of ₹419.55

3.0M NSE+BSE Volume

NSE 06 Oct, 2025 3:31 PM (IST)

148,451.2

Market Cap

Market Leader

0.8

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.

22 Feb 2018

438.95

-1.01%

PepsiCo India has transferred five new territories and its entire juice portfolio to Varun Beverages (VBL) over past few months. This is in line with our expectations and a testimony to VBL's proven ability over time.

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

Varun Beverages Ltd.

21 Feb 2018

438.95

-1.01%

Varun Beverages Ltd. - Result Update - 21 February 2018

Accumulate: Varun Beverages Ltd.

Way2Wealth

Varun Beverages recent declared its Q4CY17 & CY17 results. The last quarter of the year was strong footed on the back of volumes growth. Net revenues grew by 21.4% & 3.7% to `527crs. & `4003crs. in Q4 & CY17 respectively. EBITDA for Q4 de-grew by 14% on a YO-Y basis to `22.5crs. while CY17 EBIDTA grew by 5% to `835.8 crs. Margins contracted by170 bps in Q4 to 4.3% while CY17 margins expanded by30 bps to 20.9%. Given the seasonality in the business, Q4 is a loss quarter for the company. PAT for CY17 increased by...

Varun Beverages Ltd. has an average target of 592.20 from 10 brokers.

Varun Beverages Ltd.

19 Feb 2018

438.95

-1.01%

Varun Beverages

Buy: Varun Beverages Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues witnessed growth of 21.4% to | 527.4 crore (I-direct estimate | 495.3) led by volume growth from territory acquisition in MP, Odisha earlier this year. The company also acquired territory in Bihar, Jharkhand and Chhattisgarh during the quarter Operating profit declined to | 22.5 crore against | 36.3 crore in the corresponding quarter. Q4 is seasonally weak for the company as volumes of carbonated beverages decline substantially during...

Varun Beverages Ltd. is trading below all available SMAs

Varun Beverages Ltd.

16 Feb 2018

438.95

-1.01%

Good show in 2017, TP raised We maintain BUY on VBL with our new street-high TP of Rs902....

Buy: Varun Beverages Ltd.

Emkay

(post GST shock) and benefits from recently acquired new territories (inorganic growth). Current valuations (PER of 33.2x and EV/EBITDA of 12.9x CY19E) are attractive given strong EPS growth and ROE expansion. Our TP of Rs902 is based on EV/EBITDA of 17x...

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

Varun Beverages Ltd.

04 Jan 2018

438.95

-1.01%

Varun Beverages Ltd. - Initiating Coverage - 04 January 2018

Accumulate: Varun Beverages Ltd.

Way2Wealth

Way2Wealth Brokers Pvt. Ltd. (CIN U67120KA2000PTC027628) SEBI Rgn. No. : INH200002739 No. 14, Frontline Granduer, Walton Road, Bangalore-560001; Website: www.way2wealth.com Email: research@way2wealth.com...

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

Varun Beverages Ltd.

28 Nov 2017

438.95

-1.01%

Varun Beverages

Buy: Varun Beverages Ltd.

ICICI Securities Limited

We met the management of Varun Beverages (VBL) to understand the business of the company and its growth outlook. VBL is the one of the largest franchisees of PepsiCo globally (ex-US) for production and distribution of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs) sold under trademarks owned by PepsiCo. The company enjoys more than 25 years of strategic association with PepsiCo (since 1990), has expanded its territories to 17 states (mainly North and North East India), two union territories in India; Nepal, Sri Lanka,...

Varun Beverages Ltd. has an average target of 592.20 from 10 brokers.

Varun Beverages Ltd.

10 Nov 2017

438.95

-1.01%

Result Update:Varun Beverages

Buy: Varun Beverages Ltd.

Axis Direct

Consolidated volume grew 5.4% YoY (in line) with 4% YoY volume growth in India and 9.4% YoY in international business. Carbonated Soft Drinks (CSD) volume grew 4.7% YoY, but juices volume was flat and water grew 11% YoY. EBITDA at Rs 1.85 bn grew 6% YoY.

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

Varun Beverages Ltd.

16 Aug 2017

438.95

-1.01%

Result Update - Varun Beverages

Buy: Varun Beverages Ltd.

Axis Direct

Consolidated net sales declined 2% as volumes declined 6%, while EBITDA and PAT grew 3% and 21%. In the peak summer quarter, India volumes declined 6% despite a low base due to GST-led disruptions and a weak summer. OPM up 137 bps YoY at 29.4% as other expenses declined 300 bps YoY.

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

Varun Beverages Ltd.

30 May 2017

438.95

-1.01%

Varun Beverages

Mgmt Note: Varun Beverages Ltd.

ICICI Securities Limited

Varun Beverages Ltd. is trading below all available SMAs

Varun Beverages Ltd.

18 May 2017

438.95

-1.01%

Result Update:Varun Beverages

Buy: Varun Beverages Ltd.

Axis Direct

Consolidated net sales grew 1% YoY, aided by ~2% volume growth. Volume in CSD declined 4% YoY, was flat in juices and grew 36% in water. EBITDA margin expanded 198 bps YoY to 15.2% as gross margin expanded 313 bps YoY to 54.3%.

Varun Beverages Ltd. has an average target of 592.20 from 10 brokers.

Is Varun Beverages Ltd. worth buying?

1617 Votes:

Buy 77.92%

Sell 10.58%

Hold 11.5%

RESEARCH REPORTS

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