# VBL (VBL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/vbl

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹425
- Change: +2.30%
- As of: 2026-09-18
- 1D return: +1.56%
- 5D return: +2.79%
- 1M return: -3.73%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, VBL is trading at ₹421.95, with a predominantly bearish technical stance across daily and weekly timeframes, while the monthly view shows a bullish trend. Daily indicators suggest weakness, with the price below the 50-day Exponential Moving Average (EMA) and the Supertrend indicator. This is contrasted by the monthly timeframe where the price is above the Supertrend, indicating a potential longer-term positive trend. The weekly timeframe also shows a bearish trend, with the price below its 20-day and 50-day SMAs and EMAs, and the Supertrend indicator. Recent formations include an active monthly Harami pattern and an active weekly Hammer pattern, both as of September 18, 2026. The stock's annualized volatility stands at 32%, with a current drawdown of -35% and a maximum drawdown of -41%.

Nearest support is observed at ₹421.27 (0.16% below current price), followed by ₹419.63. Resistance is noted at ₹423.82 (0.44% above current price) and ₹428.13. The stock is currently positioned at 50% of its 20-day range and 23% of its 252-day range. A recent high-severity anomaly of a downward gap occurred on September 9, 2026, with a 0% return. The market activity over the last 30 days shows 2 events, with 1 positive and 1 neutral attention event, and no downside events.

- Daily and weekly timeframes indicate a bearish trend, while the monthly timeframe shows a bullish trend.
- Nearest support level is ₹421.27; nearest resistance level is ₹423.82.
- Active monthly Harami and weekly Hammer patterns were observed as of September 18, 2026.
- Annualized volatility is 32%, with a current drawdown of -35%.
- Watch for a sustained move above the ₹423.82 resistance or a break below the ₹419.63 support for potential trend confirmation.

- Harami
- Hammer
- Bullish Engulfing Reversal
- Outside Bar
- Morning Star
- Doji

### News Context

In the week ending September 18, 2026, Varun Beverages Ltd. (VBL) experienced significant market attention. On September 15, VBL was highlighted by experts as one of six stocks recommended for short-term investment, noted for promising momentum amidst market volatility. However, this positive outlook was contrasted by reports on September 14, indicating that VBL shares had slipped 25% from their 52-week high, with questions raised about potential further downside.

- On September 15, experts identified VBL as a stock with promising short-term investment potential due to its momentum.
- On September 14, reports indicated VBL shares had declined 25% from their 52-week high.
- The same September 14 reports raised questions about the potential for further share price decreases.

- From VBL, Power Grid to Paytm - 6 stocks experts recommend buying for the short term; do you own any?
- Varun Beverages shares slip 25% from 52-week low; more downside ahead?
- Varun Beverages shares slip 25% from 52-week high; more downside ahead?

### What Changed

As of September 18, 2026, Varun Beverages (VBL) on the NSE saw a slight increase in its stock price, moving from ₹415.45 to ₹421.95. This marks a change of ₹6.50 over the observed period. The available evidence does not indicate any new filings or news releases that would provide further context for this price movement. The company's profile and listing on the NSE remain unchanged.

- On September 18, 2026, Varun Beverages' stock price on the NSE was ₹421.95, up from ₹415.45.
- The stock price increased by ₹6.50 between the prior observation and September 18, 2026.
- No new filings or news were reported for Varun Beverages as of September 18, 2026.
- Varun Beverages continues to be listed on the NSE.

### Official Filings

Varun Beverages Limited (VBL) has disclosed several strategic developments. The company's Board of Directors approved the incorporation of a wholly-owned Indian subsidiary, KIVA Spirits and Company Limited, focused on Ready to Drink alcoholic beverages. This move involves a proposed paid-up equity capital of ₹9 Crore and the appointment of Prathmesh Mishra as CEO & Managing Director. Additionally, VBL's Board approved establishing a joint venture in Tunisia, named Varun Beverages Tunisia SA, for the production and distribution of carbonated soft drinks, juices, water, and dairy products. This Tunisian venture will have a proposed share capital of TND 9 Million, with VBL holding a 75% stake and Bevanda (Tunisia) holding 25%. VBL has committed ₹293,000,000 in cash for this acquisition, with an expected incorporation date of September 30, 2026. The company also announced the allotment of 29,750 equity shares upon the exercise of stock options under its Employees Stock Option Scheme 2016. VBL representatives are scheduled to participate in investor meetings.

- On August 25, 2026, the Board approved incorporating KIVA Spirits and Company Limited, a wholly-owned Indian subsidiary for Ready to Drink alcoholic beverages, with a proposed equity capital of ₹9 Crore.
- On August 25, 2026, the Board approved incorporating Varun Beverages Tunisia SA, a joint venture in Tunisia for beverage production and distribution, with VBL holding 75% and a committed cash consideration of ₹293,000,000.
- On September 11, 2026, 29,750 equity shares were allotted upon exercise of employee stock options.
- Representatives of the Company are scheduled to participate in investor meetings on September 15, 2026, and September 9, 2026.

- We wish to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, representatives of the Company shall participate in the meetings of group of investors as per schedule given in the enclosed intimation. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- VARUN BEVERAGES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Press Release to be issued in Kenya by VBL Industries (Kenya) Limited, wholly-owned subsidiary of our Company. |SUBJECT: Press Release
- The Share Allotment Committee today approved the allotment of 29,750 Equity Shares of face value of Rs. 2 each upon exercise of stock options vested under the Employees Stock Option Scheme 2016 as per details in enclosed intimation. |SUBJECT: ESOP/ESOS/ESPS
- VARUN BEVERAGES LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL
- VARUN BEVERAGES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Update on incorporation of KIVA Spirits and Company Limited as per details enclosed. |SUBJECT: General Updates
- VARUN BEVERAGES LIMITED has informed the Exchange regarding Update-Acquisition/Scheme/Sale/Disposal-XBRL |SUBJECT: Update-Acquisition of 'to be incorporated companies'-XBRL
- The Board of Directors at their meeting held today inter-alia approved: (i) to incorporate a wholly-owned subsidiary company in India, (ii) appointment of Mr. Prathmesh Mishra as CEO & Managing Director of above-mentioned proposed wholly-owned subsidiary company in India; and (iii) to incorporate a joint venture company in Tunisia as per details in enclosed disclosure. |SUBJECT: General Updates
- VARUN BEVERAGES LIMITED has informed the Exchange regarding Acquisition of to be incorporated companies |SUBJECT: Acquisition of 'to be incorporated companies'-XBRL

### Fundamentals

Varun Beverages (VBL) reported a notable increase in revenue from operations, reaching ₹8,650.57 crore in Q1 FY2026-27. This growth was accompanied by a significant rise in profit before tax, which stood at ₹1,981.46 crore for the same period. The company's operating expenses were ₹6,773.49 crore in Q1 FY2026-27, while finance costs were ₹56.92 crore and tax expenses amounted to ₹451.82 crore. The reported profit before exceptional items and tax also showed a positive trend, reaching ₹1,981.46 crore in Q1 FY2026-27.

Examining the sequential performance, revenue grew from ₹4,334.80 crore in Q3 FY2025-26 to ₹6,721.54 crore in Q4 FY2025-26, and further to ₹8,650.57 crore in Q1 FY2026-27. Profit before tax followed a similar upward trajectory, increasing from ₹361.47 crore in Q3 FY2025-26 to ₹1,167.14 crore in Q4 FY2025-26, and then to ₹1,981.46 crore in Q1 FY2026-27. This suggests that revenue growth is translating into improved profitability. Key areas to monitor include the trend in operating expenses relative to revenue growth and the trajectory of finance costs.

- Revenue from operations for Q1 FY2026-27 was ₹8,650.57 crore.
- Profit Before Tax for Q1 FY2026-27 was ₹1,981.46 crore.
- Expenses for Q1 FY2026-27 were reported at ₹6,773.49 crore.
- Finance Costs for Q1 FY2026-27 stood at ₹56.92 crore.
- Tax Expense for Q1 FY2026-27 was ₹451.82 crore.

### Bull Case

While recent news highlights a significant price decline from its 52-week high, some market commentary suggests potential short-term buying opportunities among a basket of stocks including Varun Beverages (VBL). The technical indicators present a mixed picture. On a monthly timeframe, the supertrend indicator is bullish, suggesting a positive long-term trend. However, daily and weekly timeframes show a bearish supertrend direction, indicating short-term weakness. The company's stock has experienced a drawdown of -0.35 from its recent peak.

- Monthly technical trend shows a bullish supertrend signal.
- Daily and weekly technical trends indicate a bearish supertrend direction.
- The stock has experienced a current drawdown of -0.35.

- From VBL, Power Grid to Paytm - 6 stocks experts recommend buying for the short term; do you own any?
- Varun Beverages shares slip 25% from 52-week low; more downside ahead?
- Varun Beverages shares slip 25% from 52-week high; more downside ahead?

### Bear Case

The company's stock has experienced a notable decline, slipping 25% from its 52-week high. Technical indicators suggest a bearish trend on a daily and weekly basis, with the Supertrend indicator pointing downwards. This is further supported by a negative 3-month return of -21% and a year-to-date return of -14%. The stock is trading below its 50-day and 200-day Simple Moving Averages (SMA), indicating a potential short-to-medium term downtrend. The current drawdown stands at -35%, with a maximum drawdown of -41% observed, highlighting significant volatility and potential for further downside.

- Shares have fallen 25% from their 52-week high.
- Daily and weekly technical trends are indicated as bearish, with the Supertrend indicator showing a downward direction.
- The stock has a negative 3-month return of -21% and a year-to-date return of -14%.
- The current drawdown is -35%, with a maximum observed drawdown of -41%.

- From VBL, Power Grid to Paytm - 6 stocks experts recommend buying for the short term; do you own any?
- Varun Beverages shares slip 25% from 52-week low; more downside ahead?
- Varun Beverages shares slip 25% from 52-week high; more downside ahead?

### FAQs

**What recent corporate actions has Varun Beverages Limited (VBL) announced?**

On September 14, 2026, VBL announced a press release to be issued in Kenya by its wholly-owned subsidiary, VBL Industries (Kenya) Limited. Additionally, on September 11, 2026, the Share Allotment Committee approved the allotment of 29,750 equity shares of face value ₹2 each upon the exercise of stock options under the Employees Stock Option Scheme 2016.

**What is the recent price performance of Varun Beverages shares, and what are the key technical indicators suggesting?**

Varun Beverages shares have experienced a decline, with recent news indicating a slip of 25% from their 52-week high. As of September 18, 2026, the daily technical trend shows a closing price of ₹421.95. Key indicators suggest a bearish trend, with the Supertrend indicator at ₹431.45 and the 50-day Simple Moving Average (SMA) slope at -7.54. The weekly trend also indicates a bearish Supertrend at ₹483.35. However, the monthly trend shows a bullish Supertrend at ₹291.79.

**What are the nearest support and resistance levels for Varun Beverages shares?**

As of September 18, 2026, the nearest support levels for Varun Beverages shares are identified at ₹421.27 (0.16% below current price), ₹419.63 (0.55% below), ₹415.32 (1.57% below), and ₹411.13 (2.56% below). The nearest resistance levels are at ₹423.82 (0.44% above current price), ₹428.13 (1.47% above), ₹486.95 (15.4% above), and ₹501.55 (18.86% above).

**How have Varun Beverages shares performed over different periods, and what is the current drawdown?**

Varun Beverages shares have shown mixed performance across different periods. The year-to-date (YTD) return is -14%, and the 1-year return is -11%. Over the last 3 months, the return is -21%, while the 6-month return is 2%. The company's current drawdown is -35%, with a maximum drawdown recorded at -41%.

- From VBL, Power Grid to Paytm - 6 stocks experts recommend buying for the short term; do you own any?
- Varun Beverages shares slip 25% from 52-week low; more downside ahead?
- Varun Beverages shares slip 25% from 52-week high; more downside ahead?
- We wish to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, representatives of the Company shall participate in the meetings of group of investors as per schedule given in the enclosed intimation. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- VARUN BEVERAGES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Press Release to be issued in Kenya by VBL Industries (Kenya) Limited, wholly-owned subsidiary of our Company. |SUBJECT: Press Release
- The Share Allotment Committee today approved the allotment of 29,750 Equity Shares of face value of Rs. 2 each upon exercise of stock options vested under the Employees Stock Option Scheme 2016 as per details in enclosed intimation. |SUBJECT: ESOP/ESOS/ESPS
- VARUN BEVERAGES LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹415.32
- Risk regime: Higher Price Risk

### Support levels
- 421.275
- 398.325
- 381.25

### Resistance levels
- 486.9502807617187
- 501.55
- 523.8

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +1.56% |
| return_10 | +3.64% |
| return_1m | -3.95% |
| return_1y | -10.90% |
| return_20 | -3.73% |
| return_3m | -20.62% |
| return_5 | +2.79% |
| return_6m | +1.65% |
| return_since_start | -35.17% |
| return_ytd | -14.19% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -41.40% |
| annualized_volatility | +31.69% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Growth Outpaces Profit as Finance Costs Rise

For the half-year ended 30 June 2026, Varun Beverages Limited reported revenue of ₹8,650.57 crore, a 20.77% increase from the same period last year. Profit before tax rose to ₹1,981.46 crore, up 14.32%, while net profit reached ₹1,525.36 crore, a 15.08% increase. The slower growth in earnings relative to revenue was accompanied by a compression in profit margins and a sharp rise in finance costs.

## Revenue and Profitability

Revenue for the half-year ended 30 June 2026 was ₹8,650.57 crore, the highest level among the five quarterly periods in the available series. This represents a year-over-year increase of ₹1,487.55 crore. Profit before exceptional items and tax grew to ₹1,981.46 crore, a 14.32% increase. The profit before tax margin, calculated as profit before tax divided by revenue, declined from 24.20% in the prior year period to 22.91% in the current period, a drop of 1.29 percentage points.

## Finance Costs and Expense Structure

Finance costs rose to ₹56.92 crore, up 55.75% from ₹36.55 crore in the prior year period. This increase of ₹20.38 crore outpaced the 20.77% growth in revenue. Finance costs as a percentage of revenue increased from 0.51% to 0.66%. Other reported expenses for the period include cost of materials consumed at ₹3,653.49 crore, employee benefit expense at ₹683.24 crore, and depreciation, depletion, and amortisation expense at ₹409.04 crore.

## Taxation and Net Profit

Total tax expense increased by 11.13% year-over-year to ₹451.82 crore. This growth was lower than the 14.32% growth in profit before tax, resulting in a decrease in the effective tax rate from 23.46% to 22.80%. Current tax rose by 20.65% to ₹442.03 crore, while deferred tax fell by 75.63% to ₹9.79 crore. After accounting for tax, profit for the period was ₹1,525.36 crore, an increase of 15.08%. Basic and diluted earnings per share from continuing operations were ₹4.50.

## Comprehensive Income

Comprehensive income for the period increased by 16.30% year-over-year to ₹1,567.44 crore. This figure comprises the profit for the period of ₹1,525.36 crore and other comprehensive income of ₹42.08 crore. Other comprehensive income rose from ₹22.27 crore in the prior year period, an increase of 89.00%.

## Key Takeaway

Revenue expanded by 20.77% year-over-year, but profit before tax grew at a slower pace of 14.32%, compressing the profit margin by 1.29 percentage points. Finance costs increased by 55.75%, contributing to the margin decline. The effective tax rate fell slightly to 22.80%, and comprehensive income reached ₹1,567.44 crore.

### Ratios

## Official filings

- 2026-09-18 — Generic Announcement: Varun Beverages Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VBL_18092026164809_Intimation_InvestorMeet.pdf)
- 2026-09-18 — Generic Announcement: Varun Beverages Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_14348_WebXMLFile_20260918_165114217.xml)
- 2026-09-15 — Generic Announcement: Varun Beverages Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VBL_15092026150117_Intimation_InvestorMeet.pdf)
- 2026-09-15 — Generic Announcement: Varun Beverages Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_14348_WebXMLFile_20260915_150648047.xml)
- 2026-09-14 — Press Release: Varun Beverages Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VBL_14092026210532_PressRelease.pdf)
- 2026-09-11 — Generic Announcement: Varun Beverages Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VBL_11092026155502_ESOP_Outcome.pdf)
- 2026-09-11 — Generic Announcement: Varun Beverages Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_14348_WebXMLFile_20260911_160054215.xml)
- 2026-09-09 — Generic Announcement: Varun Beverages Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_14348_WebXMLFile_20260909_105920830.xml)
- 2026-08-31 — Generic Announcement: Varun Beverages Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VBL_31082026092155_Update.pdf)
- 2026-08-31 — Generic Announcement: Varun Beverages Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_14348_WebXMLFile_20260831_093538453.xml)
- 2026-08-25 — Management Change: Varun Beverages Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VBL_25082026162007_Outcome.pdf)
- 2026-08-25 — Generic Announcement: Varun Beverages Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_14348_WebXMLFile_20260825_163225698.xml)
- 2026-08-25 — Generic Announcement: Varun Beverages Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_14348_WebXMLFile_20260825_162830203.xml)
- 2026-08-17 — Generic Announcement: Varun Beverages Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VBL_17082026202812_Update_TwizzaMerger.pdf)
- 2026-08-17 — Generic Announcement: Varun Beverages Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_14348_WebXMLFile_20260817_203410383.xml)
- 2026-08-11 — Generic Announcement: Varun Beverages Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VBL_11082026172800_ESGRating_NSE.pdf)
- 2026-08-10 — Generic Announcement: Varun Beverages Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_14348_WebXMLFile_20260810_141658505.xml)
- 2026-08-10 — Generic Announcement: Varun Beverages Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VBL_10082026141055_Intimation_InvestorMeet.pdf)
- 2026-08-04 — Official Filing: Varun Beverages Limited, through its subsidiary Varun Beverages (Zimbabwe) (Private) Limited, has incorporated a new holding/investment company in Zimbabwe named Varun Beverages Holding (Zimbabwe) (Private) Limited. The incorporation occurred on August 3, 2026, with an authorized share capital of USD 500,000 and a paid-up share capital of USD 1,000. Varun Beverages (Zimbabwe) (Private) Limited holds a 70% stake in this new entity. The acquisition involved a cash consideration of INR 100,000.
- 2026-08-04 — Official Filing: Varun Beverages Limited has disclosed the transcripts of its earnings call held on July 28, 2026. The transcripts were uploaded to the company's website on August 4, 2026, at 20:10:00.
- 2026-08-04 — Generic Announcement: Varun Beverages (Zimbabwe) (Private) Limited, a subsidiary of Varun Beverages Limited, incorporated a joint venture company named Varun Beverages Holding (Zimbabwe) (Private) Limited in Zimbabwe on August 3, 2026. The new entity is a holding/investment company with an authorized share capital of USD 500,000 and paid-up capital of USD 1,000. Varun Beverages (Zimbabwe) will hold a 70% stake, with Mega Market Private Limited holding the remaining 30%. — [Official attachment](https://nsearchives.nseindia.com/corporate/VBL_04082026164249_Intimation_SDSZimbabwe_signed.pdf)
- 2026-08-04 — Generic Announcement: Varun Beverages Limited reported a 20.4% increase in net revenue to Rs. 84,512.3 million for Q2 2026, with consolidated sales volume up 19.8%. EBITDA rose 17.2% to Rs. 23,430.4 million. The company extended its PepsiCo bottling agreement until April 2049 and entered a strategic alliance with Asahi Group Holdings to introduce the CALPIS brand in India. An interim dividend of 25% (Rs. 0.50 per share) was approved, totaling approximately Rs. 1,691 million. — [Official attachment](https://nsearchives.nseindia.com/corporate/VBL_04082026195906_Transcript.pdf)
- 2026-08-01 — Generic Announcement: VBL Industries (Kenya) Limited, a subsidiary of Varun Beverages Limited, completed the acquisition of value-added dairy beverages, juices, and packaged drinking water from Devyani Food Industries (Kenya) Limited for USD 32 Million. The acquisition is effective August 1, 2026, as per the agreement disclosed on July 6, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/VBL_01082026130315_Update_DFILKenya.pdf)
- 2026-08-01 — Official Filing: Varun Beverages Limited (VBL) completed the acquisition of the value-added dairy beverages, juices, and packaged drinking water business of Devyani Food Industries (Kenya) Limited (DFIL Kenya) on August 1, 2026, for USD 32 million. VBL Kenya, a wholly-owned subsidiary of VBL, acquired the business as a going concern, including all associated assets. This acquisition aims to enhance VBL's presence in Kenya and East Africa by utilizing DFIL Kenya's infrastructure and distribution network. The transaction was conducted at arm's length and falls within the normal course of business.
- 2026-07-28 — Generic Announcement: Varun Beverages Limited has provided a link to the audio recording of an Investors & Analysts Conference Call held on July 28, 2026. This call followed the declaration of the company's Unaudited Financial Results for the Quarter and Half Year ended June 30, 2026. The recording is available on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/VBL_28072026165720_AudioLink.pdf)

## News and market events

- 2026-09-15 — Mint: **From VBL, Power Grid to Paytm - 6 stocks experts recommend buying for the short term; do you own any?** — Experts suggest six stocks for short-term investment, including VBL and Paytm. These stocks show promising momentum despite current market volatility, providing opportunities for investors willing to navigate the turbulence ahead. — [Source](https://www.livemint.com/market/stock-market-news/from-vbl-power-grid-to-paytm-6-stocks-experts-recommend-buying-for-the-short-term-do-you-own-any-11789451473678.html)
- 2026-09-14 — BUSINESSTODAY: **Varun Beverages shares slip 25% from 52-week low; more downside ahead?** — Shares of Varun Beverages, Varun Beverages share price target, Varun Beverages, Varun Beverages share price falls, Varun Beverages shares fall, Varun Beverages  price targets, Varun Beverages share price today, multibagger stock, trending stock, Varun Beverages returns, Varun Beverages price targets, Varun Beverages shares in news, Varun Beverages shares in news, Varun Beverages, Varun Beverages Shares price today, Shares of  Varun Beverages, Varun Beverages net profit, Varun Beverages revenue, Varun Beverages Shares in news, Varun Beverages Shares  price target, Varun Beverages stock price, Varun Beverages Shares  gain, Varun Beverages Share price today — [Source](https://www.businesstoday.in/markets/stocks/story/varun-beverages-shares-slip-25-from-52-week-low-more-downside-ahead-555453-2026-09-14)
- 2026-09-14 — BUSINESSTODAY: **Varun Beverages shares slip 25% from 52-week high; more downside ahead?** — Shares of Varun Beverages, Varun Beverages share price target, Varun Beverages, Varun Beverages share price falls, Varun Beverages shares fall, Varun Beverages  price targets, Varun Beverages share price today, multibagger stock, trending stock, Varun Beverages returns, Varun Beverages price targets, Varun Beverages shares in news, Varun Beverages shares in news, Varun Beverages, Varun Beverages Shares price today, Shares of  Varun Beverages, Varun Beverages net profit, Varun Beverages revenue, Varun Beverages Shares in news, Varun Beverages Shares  price target, Varun Beverages stock price, Varun Beverages Shares  gain, Varun Beverages Share price today — [Source](https://www.businesstoday.in/markets/stocks/story/varun-beverages-shares-slip-from-52-week-high-more-downside-ahead-555453-2026-09-14)
- 2026-09-11 — BUSINESSTODAY: **Paytm, Power Grid, Varun Beverages: Top stocks to trade — Check key levels, target price & stop loss** — Stocks to buy, Stock picks, Stocks to trade, trading views, Varun Beverages, Power Grid Corporation of India, One 97 Communications, Paytm, Varun Beverages shares, Power Grid Corp shares, Paytm shares, Varun Beverages share price, Power Grid Corp share price, Paytm share price, Varun Beverages stock price, Power Grid Corp stock price, Paytm stock price, Varun Beverages target price, Power Grid Corp target price, Paytm target price — [Source](https://www.businesstoday.in/markets/stocks/story/paytm-power-grid-varun-beverages-top-stocks-to-trade-check-key-levels-target-price-stop-loss-554744-2026-09-11)
- 2026-09-10 — Economic Times: **PepsiCo bullish on India, targets top-10 global market status** — PepsiCo envisions India becoming one of its top ten global markets and plans to invest around Rs 5,700 crore by 2030. This ambitious growth strategy includes expanding manufacturing capabilities and bolstering regional operations. Recently, the company launched its fifth plant in Nalbari, Assam, with an investment of Rs 778 crore, underscoring its belief in India's significant business growth potential. — [Source](https://economictimes.indiatimes.com/industry/cons-products/food/pepsico-bullish-on-india-targets-top-10-global-market-status/articleshow/134013080.cms)
- 2026-09-10 — Mint: **Varun Beverages’ Kiva Spirits in advanced talks to acquire spirits maker Alcobrew for ₹2,000-2,500 crore | Company Business News** — Varun Beverages is seeking to enhance its alcoholic beverage portfolio. The deal would provide Kiva with established liquor brands and distribution capabilities, although the final transaction terms remain undecided. — [Source](https://www.livemint.com/companies/news/varun-beverages-kiva-spirits-alcobrew-acquisition-11788974351052.html)
- 2026-09-02 — BUSINESSTODAY: **Varun Beverages share price targets as FIIs pare stake amid falling returns** — Shares of Varun Beverages, Varun Beverages share price target, Varun Beverages, Varun Beverages share price falls, Varun Beverages shares fall, Varun Beverages  price targets, Varun Beverages share price today, multibagger stock, trending stock, Varun Beverages returns, Varun Beverages price targets, Varun Beverages shares in news, Varun Beverages shares in news, Varun Beverages, Varun Beverages Shares price today, Shares of  Varun Beverages, Varun Beverages net profit, Varun Beverages revenue, Varun Beverages Shares in news, Varun Beverages Shares  price target, Varun Beverages stock price, Varun Beverages Shares  gain, Varun Beverages Share price today — [Source](https://www.businesstoday.in/markets/stocks/story/varun-beverages-share-price-targets-as-fiis-pare-stake-amid-falling-returns-552789-2026-09-02)
- 2026-09-02 — Mint: **Up to 40% returns? Looking for top stock picks for Sept 2026? Axis Securities shares list of 15 | Upside, target price** — Axis Securities presents a curated list of 15 stocks with potential returns of up to 40%. Discover which sectors and stocks are poised for growth amidst geopolitical tensions and economic shifts. — [Source](https://www.livemint.com/market/stock-market-news/up-to-40-returns-looking-for-top-stock-picks-for-sept-2026-axis-securities-shares-list-of-15-upside-target-price-11788324428926.html)
- 2026-08-31 — BUSINESSTODAY: **Manipal, VBL, Urban Co, AEL, Lenskart among stocks with fresh brokerage interest for upto 62% rise** — Stocks to buy, Initiating coverage, IC Reports, Manipal Health Enterprises, Varun Beverages, Astra Microwave Products, Timex Group India, Jyoti CNC Automation, Urban Company, Adani Enterprises, Lenskart Solutions, Manipal Health shares, Varun Beverages shares, Astra Microwave shares, Timex Group shares, Jyoti CNC shares, Urban Company shares, Adani Enterprises shares, Lenskart shares, HSBC, Choice Institutional Equities, Antique Stock Broking, Systematix Institutional Equities, Dolat Capital, Emkay Global Financial Services, Motilal Oswal Financial Services, ICICI Securities, InCred Equities, Juniper Hotels, Juniper Hotels shares — [Source](https://www.businesstoday.in/markets/stocks/story/manipal-vbl-urban-co-ael-lenskart-among-stocks-with-fresh-brokerage-interest-for-upto-62-rise-552170-2026-08-31)
- 2026-08-28 — The Hindu: **Broker’s call: Varun Beverages (Buy)** — Choice Broking — [Source](https://www.thehindubusinessline.com/markets/brokers-call-varun-beverages-buy/article71400404.ece)
- 2026-08-26 — The Hindu: **Varun Beverages drops 3.8% as alcobev pivot, Tunisia JV fail to lift sentiment** — Varun Beverages shares fell 3.8% despite new alcobev ventures, raising investor concerns about strategic clarity and performance. — [Source](https://www.thehindubusinessline.com/markets/stock-markets/varun-beverages-drops-38-as-alcobev-pivot-tunisia-jv-fail-to-lift-sentiment/article71393129.ece)
- 2026-08-26 — CNBC-TV18: **Sensex, Nifty finish lower despite gains in financials and metal stocks** — Indian equities ended lower on Wednesday, with the Nifty failing to hold 24,300 despite gains in banks and metal stocks. Kotak Mahindra Bank led the gainers, while IT stocks, Avenue Supermarts and select midcaps came under pressure. — [Source](https://www.cnbctv18.com/market/sensex-nifty-finish-lower-despite-gains-in-financials-and-metal-stocks-19977590.htm)
- 2026-08-26 — BUSINESS: **Stock Alert: Cipla, Varun Beverages, TMPV, United Breweries,Sai Parenterals** — Gaja Alternative Asset Management will list on the stock exchanges today. The IPO was subscribed 31.33 times. The offer received bids for 79.35 crore shares as against 2.53 crore shares on offer. The issue opened for bidding on 19 August 2026 and it closed on 21 August 2026. — [Source](https://www.business-standard.com/markets/capital-market-news/stock-alert-cipla-varun-beverages-tmpv-united-breweries-sai-parenterals-126082600142_1.html)
- 2026-08-26 — The Hindu: **Varun Beverages to enter alcobev segment, ropes in ex-Diageo executive Prathmesh Mishra** — Varun Beverages launches KIVA Spirits, entering the ready-to-drink alcobev market with ex-Diageo executive Prathmesh Mishra at the helm. — [Source](https://www.thehindubusinessline.com/companies/varun-beverages-to-enter-alcobev-segment-ropes-in-ex-diageo-executive-prathmesh-mishra/article71391221.ece)
- 2026-08-26 — BUSINESSTODAY: **Top stocks in news: Groww, Welspun Corp, Gaja Capital, TMPV, Cipla, NBCC, HindCopper, UCO Bank, UPL** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Groww, Welspun Corp, Gaja Capital, Tata Motors PV, Cipla, NBCC, Hindustan Copper, UCO Bank, Sai Parenterals, Honasa Consumer, Gaja Alternative Asset Management, Billionbrains Garage Ventures, Varun Beverages, United Breweries, Advait Energy Transitions, ARSS Infrastructure Projects — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-groww-welspun-corp-gaja-capital-tmpv-cipla-nbcc-hindcopper-uco-bank-upl-551349-2026-08-26)
- 2026-08-26 — Economic Times: **Stocks in news: Groww, Tata Motors PV, Cipla, Varun Beverages and Axis Bank** — The Indian equity market experienced a positive turnaround on Tuesday, August 25, highlighted by the Nifty 50 making a robust recovery. Anticipation builds for Wednesday as Groww gears up for a significant block deal, while Cipla faces new USFDA inspectional observations. In other news, Tata Motors Passenger Vehicles is set to enhance its electric vehicle offerings through a collaboration with Tata Communications for 5G technology. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-groww-tata-motors-pv-cipla-varun-beverages-and-axis-bank/articleshow/133521013.cms)
- 2026-08-26 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty looks to start September series on positive note, aims 24,400** — Sensex Today | Stock Market LIVE Updates: As we enter this midweek session, eyes will also be on the larger market, as the expiry session saw broader markets deliver a mixed performance. The Nifty Midcap 100 gained 0.54% to close at a record high, while the Nifty Smallcap 100 declined 0.10%. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-sensex-nifty-bank-september-series-cipla-vbl-hindustan-copper-cas-crude-share-price-liveblog-19977089.htm)
- 2026-08-25 — Economic Times: **Varun Beverages to foray into alcohol biz, set up subsidiary** — Varun Beverages is entering the alcohol business by incorporating a new subsidiary. The company has appointed Prathmesh Mishra as the chief executive officer. This new entity will focus on ready-to-drink alcoholic beverages and allied products. Varun Beverages will also establish a joint venture company in Tunisia. This diversification follows recent agreements allowing expansion into other drink businesses. — [Source](https://economictimes.indiatimes.com/industry/cons-products/liquor/varun-beverages-to-foray-into-alcohol-biz-set-up-subsidiary/articleshow/133522829.cms)
- 2026-08-25 — Mint: **Varun Beverages to enter alcoholic drinks business, forms new subsidiary** — Varun Beverages launches KIVA Spirits to enter the RTD alcohol market. It aims to diversify its product range and enhance its market presence, having recently partnered with Asahi Group and Carlsberg, while also reporting significant profit growth for the June quarter. — [Source](https://www.livemint.com/market/stock-market-news/varun-beverages-to-enter-alcoholic-drinks-business-forms-new-subsidiary-11787667099002.html)
- 2026-08-25 — CNBC-TV18: **Stocks to watch for August 26: Hindustan Copper, Varun Beverages, Cipla, Tata Motors and more** — From Cipla receiving seven observations from the US Food and Drug Administration to Varun Beverages plans to enter the alcoholic beverages business; these are stocks to track ahead of Wednesday trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-august-26-hindustan-copper-varun-beverages-cipla-tata-motors-and-more-19976816.htm)
- 2026-08-25 — Economic Times: **Varun Beverages forays into alcohol business, names ex-Diageo executive Prathmesh Mishra to lead new unit** — Varun Beverages will enter the alcoholic drinks market with a new subsidiary. The company appointed a former Diageo executive to lead this new venture. This move signifies a significant diversification into a new product category. Varun Beverages also plans a joint venture in Tunisia for beverage production. These strategic expansions are subject to necessary regulatory approvals. — [Source](https://economictimes.indiatimes.com/industry/cons-products/liquor/varun-beverages-enters-alcohol-business-names-ex-diageo-executive-prathmesh-mishra-to-lead-new-unit-vbl-share-price/articleshow/133510381.cms)
- 2026-08-25 — CNBC-TV18: **Varun Beverages to enter alcoholic drinks business, sets up new subsidiary KIVA Spirits** — The PepsiCo bottler will set up a wholly-owned subsidiary for ready-to-drink alcoholic beverages and has hired former Diageo executive Prathmesh Mishra to lead the new business. — [Source](https://www.cnbctv18.com/business/companies/varun-beverages-to-enter-alcoholic-drinks-business-sets-up-new-subsidiary-kiva-spirits-19976737.htm)
- 2026-07-30 — MONEYCONTROL: **Hold Varun Beverages; target of Rs 400: ICICI Securities** — ICICI Securities, hold, Varun Beverages, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/hold-varun-beverages-target-of-rs-400-icici-securities-13988587.html)
- 2026-07-30 — BUSINESSTODAY: **Varun Beverages: CALPIS launch, Africa expansion and new products could boost growth** — Shares of Varun Beverages, Varun Beverages share price target, Varun Beverages, Varun Beverages share price falls, Varun Beverages shares fall, Varun Beverages  price targets, Varun Beverages share price today, multibagger stock, trending stock, Varun Beverages returns, Varun Beverages price targets, Varun Beverages shares in news, Varun Beverages shares in news, Varun Beverages, Varun Beverages Shares price today, Shares of  Varun Beverages, Varun Beverages net profit, Varun Beverages revenue, Varun Beverages Shares in news, Varun Beverages Shares  price target, Varun Beverages stock price, Varun Beverages Shares  gain, Varun Beverages Share price today — [Source](https://www.businesstoday.in/markets/stocks/story/varun-beverages-calpis-launch-africa-expansion-and-new-products-could-boost-growth-546163-2026-07-30)
- 2026-07-29 — Mint: **VBL shares bounce back after mixed earnings, but can India volume growth hold up?** — Strong international demand and portfolio diversification helped offset a weather-hit domestic quarter, but rising competition and second-half seasonality pose key challenges. — [Source](https://www.livemint.com/market/mark-to-market/vbl-shares-varun-beverages-stock-q2-results-volume-growth-campa-cola-11785311471513.html)

## Business profile

**Strategic vision:** Manufactures and distributes PepsiCo beverages under franchise agreements.

### Business segments
- **Carbonated Soft Drinks (CSDs):** Manufactures and distributes a portfolio of carbonated soft drinks including Pepsi, Mountain Dew, and Seven-Up under PepsiCo trademarks.
- **Non-Carbonated Beverages (NCBs):** Manufactures and distributes non-carbonated beverages such as Tropicana juices, Gatorade, and Aquafina packaged drinking water.

### Competitive strengths
- Exclusive franchise agreements with a major global beverage company.
- Extensive bottling and distribution network across India and international markets.
- Integrated manufacturing and supply chain for a diverse beverage portfolio.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/vbl
Markdown representation: https://faxioms.com/stocks/vbl?render=md