Varun Beverages rebounds 42% as Q1 profit jumps 20%; brokerages target Rs 615-620
VBL stock recovered sharply from March lows on a strong Q1 print (PAT Rs 878.7 cr, +20.1% YoY; revenue Rs 6,574.2 cr, +18.1%), South Africa Beverage Company buyout, and PepsiCo's India bottling license extension to 2049. YES and Emkay raised targets to Rs 615-620; VBL plans 0.5mn outlet adds in CY26.
Varun Beverages stock rebounded 42% on strong Q1 earnings, summer demand, South Africa Beverage Company acquisition, and PepsiCo extending its India bottling license to 2049. Brokerages YES and Emkay raised targets to Rs 615-620; VBL targets 0.5mn new outlets in CY26.
Why this matters
Builds on the PepsiCo 2049 bottling extension and recent 42% rally off March lows, with Q1 earnings and the South Africa Beverage Company buyout reinforcing VBL's growth trajectory.
Retail-company signals steady at 1,042 over 90 days; VBL stands out on earnings momentum.