Varun Beverages Ltd. NSE: VBL | BSE: 540180

Mid-range Performer

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476.60 2.10 (0.44%)

28.65% Fall from 52W High

2.0M

NSE+BSE Volume

NSE 10 Sep, 2025 1:51 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 24.26% from the last price of 476.60. 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
	10 Sep 2025	Varun Beverages	Consensus Share Price Target	476.60	606.42	-	27.24	buy	pdf Detailed Estimates
	08 Feb 2023	Varun Beverages	Bonanza Reco Target	476.60	1520.00	1304.10 (-63.45%)	Target met	Buy	pdf post cache		Broker Report Growth momentum is expected to continue as a result of rising expansion into newer markets 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. pdf Copy Link Share on Share on Share on Share on Alert
	07 Feb 2023	Varun Beverages	ICICI Direct Reco Target	476.60	1340.00	1304.10 (-63.45%)	Target met	Hold	pdf post cache		Broker Report Varun Beverages ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	07 Feb 2023	Varun Beverages	ICICI Securities Limited Target	476.60	1225.00	1221.85 (-60.99%)	Target met	Hold	pdf post cache		Broker Report Sting continues to be a major value driver 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. pdf Copy Link Share on Share on Share on Share on Alert
	07 Feb 2023	Varun Beverages	Axis Direct Target	476.60	1450.00	1304.10 (-63.45%)	Target met	Buy	pdf post cache		Broker Report Result Update:Varun Beverages Axis Direct Recommendation With a 19% 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 Feb 2023	Varun Beverages	Keynote Capitals Ltd Target	476.60	1461.00	1304.10 (-63.45%)	Target met	Buy	pdf post cache		Broker Report Varun Beverages Limited Keynote Capitals Ltd Quarterly Update Q3FY23 pdf Copy Link Share on Share on Share on Share on Alert
	06 Feb 2023	Varun Beverages	Motilal Oswal Target	476.60	1550.00	1221.85 (-60.99%)	Target met	Buy	pdf post cache		Broker Report Higher realization and operating leverage drive earnings Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	04 Dec 2022	Varun Beverages	Keynote Capitals Ltd	476.60	1540.00	1318.60 (-63.86%)	Target met	Buy	pdf post cache		Broker Report Varun Beverages Limited Keynote Capitals Ltd Initiating Coverage Report pdf Copy Link Share on Share on Share on Share on Alert
	03 Nov 2022	Varun Beverages	Bonanza Reco Target	476.60	1317.00	1189.00 (-59.92%)	Target met	Hold	pdf post cache		Broker Report Growth momentum expected to continue due to sting’s energy along with diversification into non-beverages SKUs Bonanza VBL has once again posted a tremendous volume growth (24% YoY) in Q3CY22, way ahead than our estimate on the back of strong demand especially for Sting (fastest growing beverages market), Tropicana and Dairy products. pdf Copy Link Share on Share on Share on Share on Alert
	02 Nov 2022	Varun Beverages	ICICI Securities Limited	476.60	1150.00	1107.00 (-56.95%)	Target met	Hold	pdf post cache		Broker Report Strong performance across parameters ICICI Securities Limited Varun reported robust revenue growth of 32.5% YoY, driven by strong volume growth across segments. pdf Copy Link Share on Share on Share on Share on Alert
	02 Nov 2022	Varun Beverages	Axis Direct	476.60	1300.00	1127.50 (-57.73%)	Target met	Buy	pdf post cache		Broker Report Result Update:Varun Beverages Axis Direct We factored in Revenue/EBITDA/PAT CAGR of 27%/35%/52% over CY21-24E and arrive at a revised TP of Rs 1,300/share vs. Rs 1150/share earlier, valuing it at 36x Sep-24E EPS. Maintain BUY pdf Copy Link Share on Share on Share on Share on Alert
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