Varun Beverages Ltd. 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)

Varun Beverages Ltd. share price target

Varun Beverages Ltd. has an average share price target of 592.20. The consensus estimate represents an upside of 26.05% from the last price of 469.80. View 20 reports from 10 analysts offering long-term price targets for Varun Beverages Ltd..

Reco - This broker has downgraded this stock from it's previous report.
(eg. - Buy->Hold)

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Reco - This broker has upgraded this stock from it's previous report.
(eg. - Sell->Hold)

Target - Broker has maintained previous recommendation but increased share price target.

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Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report		Discuss
	13 Sep 2025	Varun Beverages	Consensus Share Price Target	469.80	606.42	-	29.08	buy	pdf Detailed Estimates
	15 Jul 2024	Varun Beverages	Motilal Oswal Target	469.80	1900.00	1627.85 (-71.14%)	Pre-Bonus/ Split	Buy	pdf post cache		Broker Report Hungry For More: Scaling up snack food business 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. pdf Copy Link Share on Share on Share on Share on Alert
	14 May 2024	Varun Beverages	ICICI Securities Limited Target	469.80	1420.00	1489.05 (-68.45%)	Target met	Hold	pdf post cache		Broker Report Capacity addition and expansion of international business to drive growth; Stretched valuations 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, pdf Copy Link Share on Share on Share on Share on Alert
	14 May 2024	Varun Beverages	Axis Direct Target	469.80	1750.00	1489.05 (-68.45%)	Pre-Bonus/ Split	Buy	pdf post cache		Broker Report Result Update:Varun Beverages Axis Direct With a 18% upside potential from the CMP, we maintain our BUY rating on the stock. pdf Copy Link Share on Share on Share on Share on Alert
	13 May 2024	Varun Beverages	Keynote Capitals Ltd Reco Target	469.80	1494.00	1477.30 (-68.20%)	Target met	Neutral	pdf post cache		Broker Report Varun Beverages Limited. Keynote Capitals Ltd Quarterly Update Q4FY24 pdf Copy Link Share on Share on Share on Share on Alert
	13 May 2024	Varun Beverages	Motilal Oswal Target	469.80	1720.00	1477.30 (-68.20%)	Pre-Bonus/ Split	Buy	pdf post cache		Broker Report Cost optimization and better realization drive earnings 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). pdf Copy Link Share on Share on Share on Share on Alert
	20 Mar 2024	Varun Beverages	Axis Direct Target	469.80	1550.00	1400.15 (-66.45%)	Target met	Buy	pdf post cache		Broker Report Axis Annual Analysis:Varun Beverages Axis Direct We maintain a Buy rating for VBL, with a target price of Rs 1550 per share, representing a potential upside of 11% from the current market price pdf Copy Link Share on Share on Share on Share on Alert
	06 Feb 2024	Varun Beverages	Axis Direct Target	469.80	1430.00	1347.15 (-65.13%)	Target met	Buy	pdf post cache		Broker Report Result Update:Varun Beverages Axis Direct We believe VBL is expected to continue its strong growth momentum and we maintain our BUY recommendation on the stock. pdf Copy Link Share on Share on Share on Share on Alert
	05 Feb 2024	Varun Beverages	Motilal Oswal Target	469.80	1500.00	1302.50 (-63.93%)	Target met	Buy	pdf post cache		Broker Report Strong volume growth drives sales Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	05 Feb 2024	Varun Beverages	Keynote Capitals Ltd Reco Target	469.80	1255.00	1302.50 (-63.93%)	Pre-Bonus/ Split	Sell	pdf post cache		Broker Report Varun Beverages Limited. Keynote Capitals Ltd Quarterly Update Q3FY24 pdf Copy Link Share on Share on Share on Share on Alert
	20 Dec 2023	Varun Beverages	Motilal Oswal Target	469.80	1285.00	1171.65 (-59.90%)	Target met	Buy	pdf post cache		Broker Report Expanding global presence with acquisition in South Africa Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
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