NSE: VBL | BSE: 540180

Mid-range Performer

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461.60 3.20 (0.70%)

32.23% Fall from 52W High

7.9M NSE+BSE Volume

NSE 27 Jun, 2025 3:31 PM (IST)

156,109.3

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.

02 May 2023

461.60

0.70%

Varun Beverages Limited

Buy: Varun Beverages Ltd.

Target

Keynote Capitals Ltd

Quarterly Update Q1CY23

Varun Beverages Ltd. is trading below all available SMAs

Varun Beverages Ltd.

16 Mar 2023

461.60

0.70%

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. has lost -29.61% in the last 1 Year

Varun Beverages Ltd.

09 Mar 2023

461.60

0.70%

Focus on sustainable growth path

Buy: Varun Beverages Ltd.

Target

Motilal Oswal

Varun Beverages Ltd. has lost -29.61% in the last 1 Year

Varun Beverages Ltd.

24 Feb 2023

461.60

0.70%

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. is trading below all available SMAs

Varun Beverages Ltd.

08 Feb 2023

461.60

0.70%

Growth momentum is expected to continue as a result of rising expansion into newer markets

Buy: Varun Beverages Ltd.

Recommendation Target

Bonanza

VBL has once again reported incredible value/volume growth (28%/18% YoY) in Q4CY22, way ahead than our estimate on the back of strong demand especially for Sting (fastest growing beverages market) and share gain in untapped market, Tropicana and Dairy products. EBITDA increased by 48.1% to Rs 3,075mn YoY.

Varun Beverages Ltd. has lost -26.06% in the last 6 Months

Varun Beverages Ltd.

07 Feb 2023

461.60

0.70%

Sting continues to be a major value driver

Hold: Varun Beverages Ltd.

Target

ICICI Securities Limited

Varun reported 8th straight quarter of 25%+ revenue growth. Considering the market growth, we believe the company has likely gained market shares. As Varun has been able to maintain EBITDA margin ~20%, we believe it is commendable performance to gain market shares as well as maintain margins.