Varun Beverages Limited (NSE:VBL)
India flag India · Delayed Price · Currency is INR
479.10
-2.30 (-0.48%)
Jul 10, 2026, 3:30 PM IST

Varun Beverages Stock Forecast

Stock Price Forecast

According to 26 analysts polled by S&P Global, Varun Beverages stock has a consensus rating of "Buy" and an average price target of ₹587.23. The average 1-year stock price forecast is 22.57% higher than the current stock price, while the lowest is ₹422.00 (-11.92%) and the highest is ₹657.00 (+37.13%).

Price Target: ₹587.23 (+22.57%)
Analyst Consensus: Buy
TargetLowAverageMedianHigh
Price₹422.00₹587.23₹594.00₹657.00
Change-11.92%+22.57%+23.98%+37.13%
* Price targets were last updated on Apr 28, 2026.

Analyst Ratings

The average analyst rating for Varun Beverages stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

RatingFeb '26Mar '26Apr '26May '26Jun '26Jul '26
Strong Buy161717171717
Buy555555
Hold444444
Sell000000
Strong Sell000000
Total252626262626

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Jefferies
Jefferies
Buy
Maintains
₹615.00
BuyMaintains₹615.00+28.37%Apr 28, 2026
J.P. Morgan
J.P. Morgan
Buy
Maintains
₹565.00
BuyMaintains₹565.00+17.93%Apr 28, 2026
Unknown Analyst
Axis Direct
No rating
Axis Direct
Buy
Maintains
₹520.00₹500.00
BuyMaintains₹520.00₹500.00+4.36%Feb 21, 2026
Unknown Analyst
Motilal Oswal
No rating
Motilal Oswal
Buy
Maintains
₹550.00
BuyMaintains₹550.00+14.80%Feb 17, 2026

Financial Forecast

Revenue This Year
256.78B
from 216.85B
Increased by 18.41%
Revenue Next Year
290.79B
from 256.78B
Increased by 13.24%
EPS This Year
10.34
from 8.98
Increased by 15.11%
EPS Next Year
12.01
from 10.34
Increased by 16.23%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
88.23B131.73B160.43B200.08B216.85B256.78B
Revenue Growth
36.79%49.30%21.78%24.72%8.39%18.41%
Gross Profit
47.89B69.12B86.38B111.03B119.70B139.23B
Gross Margin
54.27%52.47%53.84%55.49%55.20%54.22%
Operating Income
11.55B22.88B31.26B39.68B38.33B45.04B
Net Income
6.94B14.97B20.56B25.95B30.36B34.82B
EPS
----8.9810.34
EPS Growth
----13.10%15.11%
Forward PE
40.7949.8367.6792.2753.7146.35
Dividend / Share
0.330.701.001.001.501.95
Dividend Growth
-110.02%42.86%-50.00%29.87%
Free Cash Flow
-1.17B-1.38B-13.17B-14.64B-1.02B29.74B
No. Analysts
-----22
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue202620272028
High268.2B
Avg256.8B
Low245.3B

Revenue Growth

Revenue Growth202620272028
High
23.7%
Avg
18.4%
Low
13.1%

EPS Forecast

EPS202620272028
High11.50
Avg10.34
Low9.66

EPS Growth

EPS Growth202620272028
High
28.1%
Avg
15.1%
Low
7.6%