NSE: VBL | BSE: 540180

Mid-range Performer

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469.80 -4.85 (-1.02%)

29.67% Fall from 52W High

5.2M NSE+BSE Volume

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

158,884.5

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.

03 Aug 2023

469.80

-1.02%

Varun Beverages Limited

Buy: Varun Beverages Ltd.

Keynote Capitals Ltd

Quarterly Update Q2 CY23

Varun Beverages Ltd. is trading below all available SMAs

Varun Beverages Ltd.

04 May 2023

469.80

-1.02%

“Robust growth led by strong demand and improved product mix”

Buy: Varun Beverages Ltd.

Bonanza

Varun Beverages has given an outstanding performance yet again, led by robust Volume and Revenue growth of 24.7% / 37.7% respectively driven by improved product mix (Higher contribution by Sting and Milk based beverages) and strong demand across regions despite the weather disruptions in March, supporting overall revenue growth.

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

Varun Beverages Ltd.

03 May 2023

469.80

-1.02%

Ninth straight quarter of 25%+ revenue growth; likely market share gain

Hold: Varun Beverages Ltd.

Target

ICICI Securities Limited

Considering the market growth, we believe Varun has likely gained market shares across segments in Q1CY23. The company has added multiple growth engines such as (1) launch of Sting (~10% of net sales), (2) launch of dairy products (higher realizations and similar margins).

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

Varun Beverages Ltd.

03 May 2023

469.80

-1.02%

Result Update:Varun Beverages

Buy: Varun Beverages Ltd.

Target

Axis Direct

We incorporate CY25 estimates and based on the above thesis, we expect the company to post Revenue/EBITDA/PAT growth of 18%/21%/25% CAGR over CY22-25E. We maintain our BUY rating on the stock with the revised TP of Rs 1,600/share (vs. TP of Rs 1,500/share) earlier.

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

Varun Beverages Ltd.

03 May 2023

469.80

-1.02%

Varun Beverages

Hold: Varun Beverages Ltd.

Target

ICICI Direct

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

Varun Beverages Ltd.

02 May 2023

469.80

-1.02%

Varun Beverages Limited

Buy: Varun Beverages Ltd.

Target

Keynote Capitals Ltd

Quarterly Update Q1CY23

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

Varun Beverages Ltd.

02 May 2023

469.80

-1.02%

Strong Volume and Higher realization drive growth

Buy: Varun Beverages Ltd.

Target

Motilal Oswal

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

Varun Beverages Ltd.

16 Mar 2023

469.80

-1.02%

Assessing the right-to-win for Campa Cola

Hold: Varun Beverages Ltd.

Target

ICICI Securities Limited

We analyse the potential risk to Varun Beverages post the relaunch of Campa Cola and believe (1) Campa is an old brand but it has limited connect with youth consumers of less than 40 years of age, (2) it needs to invest in multiple manufacturing units pan India (as beverages are ‘low value high volume’ products), distribution network and visicoolers. These investments may require multiple years.

Varun Beverages Ltd. is trading below all available SMAs

Varun Beverages Ltd.

09 Mar 2023

469.80

-1.02%

Focus on sustainable growth path

Buy: Varun Beverages Ltd.

Target

Motilal Oswal

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

Varun Beverages Ltd.

24 Feb 2023

469.80

-1.02%

Result Update:Varun Beverages

Buy: Varun Beverages Ltd.

Target

Axis Direct

We maintain our BUY rating on the stock with the revised TP of Rs 1,500/share (40x CY24EPS) vs earlier TP of Rs 1,450/share (38x CY24 EPS) implying an upside of 15% from CMP.

Varun Beverages Ltd. has lost -27.23% in the last 1 Year

Is Varun Beverages Ltd. worth buying?

1602 Votes:

Buy 77.97%

Sell 10.49%

Hold 11.55%

RESEARCH REPORTS

Hold SEE REPORTS >

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