NSE: VBL | BSE: 540180

Expensive Performer

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479.95 1.45 (0.30%)

27.67% Fall from 52W High

2.9M NSE+BSE Volume

NSE 12 Dec, 2025 3:31 PM (IST)

162,318.6

Market Cap

Market Leader

Beta 1Year

Average 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.

13 Nov 2024, 12:00AM

479.95

0.30%

Africa acquisitions – Good value creation opportunity

Buy: Varun Beverages Ltd.

Emkay

VBL has approved SPA to acquire 100% stake in SBCT/SBCG, which own manufacturing/distribution rights for NARTD beverages in Tanzania and Ghana.

Varun Beverages Ltd. is trading above its 150 day SMA of 474.9

Varun Beverages Ltd.

23 Oct 2024

479.95

0.30%

Strong growth prospects at international business; rich valuations cap upside

Hold: Varun Beverages Ltd.

ICICI Securities Limited

Takeaways: (1) Varun (VBL) has aggressively ramped up production (operating at maximum utilisation) at its recently commissioned DRC facility, due to strong demand. It plans to scale up production capacity at DRC in a phased manner.

NDA Securities released a Accumulate report for Varun Beverages Ltd. with a price target of 637.6 on 27 Nov, 2025.

Varun Beverages Ltd.

23 Oct 2024

479.95

0.30%

Result Update:Varun Beverages

Buy: Varun Beverages Ltd.

Axis Direct

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

Varun Beverages Ltd. is trading below its 200 day SMA of 485.1

Varun Beverages Ltd.

22 Oct 2024

479.95

0.30%

Varun Beverages Limited.

Neutral: Varun Beverages Ltd.

Keynote Capitals Ltd

Quarterly Update Q3CY24

Number of FII/FPI investors decreased from 1069 to 990 in Sep 2025 qtr

Varun Beverages Ltd.

01 Aug 2024

479.95

0.30%

Varun Beverages Limited.

Neutral: Varun Beverages Ltd.

Target

Keynote Capitals Ltd

Quarterly Update Q1FY25

Varun Beverages Ltd. is trading below its 200 day SMA of 485.1

Varun Beverages Ltd.

31 Jul 2024

479.95

0.30%

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.

NDA Securities released a Accumulate report for Varun Beverages Ltd. with a price target of 637.6 on 27 Nov, 2025.

Varun Beverages Ltd.

30 Jul 2024

479.95

0.30%

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 1069 to 990 in Sep 2025 qtr

Varun Beverages Ltd.

15 Jul 2024

479.95

0.30%

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 has lost -25.66% in the last 1 Year

Varun Beverages Ltd.

14 May 2024, 12:00AM

479.95

0.30%

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,