NSE: VBL | BSE: 540180

Mid-range Performer

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443.65 -2.25 (-0.50%)

33.14% Fall from 52W High

2.6M NSE+BSE Volume

NSE 10 Oct, 2025 3:31 PM (IST)

150,041.9

Market Cap

Market Leader

0.8

Beta 1Year

Very 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.

01 Aug 2024

443.65

-0.50%

Varun Beverages Limited.

Neutral: Varun Beverages Ltd.

Target

Keynote Capitals Ltd

Quarterly Update Q1FY25

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

Varun Beverages Ltd.

31 Jul 2024

443.65

-0.50%

Result Update:Varun Beverages

Buy: Varun Beverages Ltd.

Target

Axis Direct

With an 14% upside potential from the CMP, we maintain our BUY rating on the stock.

Varun Beverages Ltd. has lost -25.10% in the last 1 Year

Varun Beverages Ltd.

30 Jul 2024

443.65

-0.50%

Domestic business drives volume growth

Buy: Varun Beverages Ltd.

Target

Motilal Oswal

Varun Beverages (VBL) reported a revenue growth of 29% YoY in 2QCY24, led by volume growth (up 28% YoY). This was primarily driven by a domestic volume growth of 23% YoY.

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

Varun Beverages Ltd.

15 Jul 2024

443.65

-0.50%

Hungry For More: Scaling up snack food business

Buy: Varun Beverages Ltd.

Target

Motilal Oswal

Varun Beverages (VBL) has inched closer to its goal of becoming a full-scale F&B
player with the recent agreement with PepsiCo to manufacture, distribute, and sell
snack food items in Zimbabwe and Zambia. We believe this agreement will serve as a building block for VBL’s snack food business.

Varun Beverages Ltd. is trading below all available SMAs

Varun Beverages Ltd.

14 May 2024

443.65

-0.50%

Capacity addition and expansion of international business to drive growth; Stretched valuations

Hold: Varun Beverages Ltd.

Target

ICICI Securities Limited

Highlights: (1) Continued buoyant margin performance led by lower input prices, higher realisation and benefits of strategic cost-saving initiatives undertaken, (2) international business strengthened further, following the acquisition of BevCo (South Africa and surrounding region) and agreement signed for manufacturing of snacks from May’25 in Morocco market,

Varun Beverages Ltd. has lost -25.10% in the last 1 Year

Varun Beverages Ltd.

14 May 2024

443.65

-0.50%

Result Update:Varun Beverages

Buy: Varun Beverages Ltd.

Target

Axis Direct

With a 18% upside potential from the CMP, we maintain our BUY rating on the stock.

Varun Beverages Ltd. has lost -25.10% in the last 1 Year

Varun Beverages Ltd.

13 May 2024

443.65

-0.50%

Varun Beverages Limited.

Neutral: Varun Beverages Ltd.

Recommendation Target

Keynote Capitals Ltd

Quarterly Update Q4FY24

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

Varun Beverages Ltd.

13 May 2024

443.65

-0.50%

Cost optimization and better realization drive earnings

Buy: Varun Beverages Ltd.

Target

Motilal Oswal

Varun Beverages (VBL) reported a revenue growth of 11% YoY in 1QCY24,
led by volume growth (up 7% YoY) and high realization (up 4% YoY to
INR180/case).