Varun Beverages Ltd. NSE: VBL | BSE: 540180

Mid-range Performer

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469.80 -4.85 (-1.02%)

29.20% 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)

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

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
	14 Sep 2025	Varun Beverages	Consensus Share Price Target	469.80	606.42	-	29.08	buy	pdf Detailed Estimates
	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	Axis Direct Target	469.80	1450.00	1253.40 (-62.52%)	Target met	Buy	pdf post cache		Broker Report Company Update:Varun Beverages Axis Direct We maintain our BUY rating on the stock with the revised TP of Rs 1,450/share (47x CY25EPS) vs. the earlier TP of Rs 1,200/share (45x CY25 EPS), implying an upside of 24% from the CMP. 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
	07 Nov 2023	Varun Beverages	Axis Direct Target	469.80	1050.00	991.20 (-52.60%)	Target met	Buy	pdf post cache		Broker Report Result Update:Varun Beverages Axis Direct With a 13% 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
	07 Nov 2023	Varun Beverages	Keynote Capitals Ltd Target	469.80	1108.00	991.20 (-52.60%)	Target met	Buy	pdf post cache		Broker Report Varun Beverages Limited. Keynote Capitals Ltd Quarterly Update Q2FY24 pdf Copy Link Share on Share on Share on Share on Alert
	06 Nov 2023	Varun Beverages	Motilal Oswal	469.80	1090.00	945.65 (-50.32%)	Target met	Buy	pdf post cache		Broker Report Volume growth and higher realization drive sales Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	07 Aug 2023	Varun Beverages	Bonanza	469.80	929.00	824.10 (-42.99%)	Target met	Buy	pdf post cache		Broker Report Strong growth trajectory, led by softening in Raw material prices Bonanza Varun Beverages maintains its growth trajectory and shows strong signs of sustained profitability. VBL delivered a robust performance with growth in Revenue by 13.3% and EBITDA by 23.2% YoY. The softening in key raw material prices further catalysed the Gross margin expansion by 196bps to 52.5% (primarily due to softening of PET chips prices) and EBITDA margins expansion by 210bps to 26.9% (driven by higher gross margins and operational efficiencies) in Q2CY23. pdf Copy Link Share on Share on Share on Share on Alert
	04 Aug 2023	Varun Beverages	Axis Direct	469.80	920.00	825.30 (-43.08%)	Target met	Buy	pdf post cache		Broker Report Result Update:Varun Beverages Axis Direct With a 13% 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
	03 Aug 2023	Varun Beverages	Keynote Capitals Ltd	469.80	962.00	822.60 (-42.89%)	Target met	Buy	pdf post cache		Broker Report Varun Beverages Limited Keynote Capitals Ltd Quarterly Update Q2 CY23 pdf Copy Link Share on Share on Share on Share on Alert
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