Should you buy/sell/hold this largecap FMCG stock as Q1FY26 profit up 5%— Check analysts' view

Major largecap FMCG firm Varun Beverages on Tuesday posted a net profit of Rs 1,325.49 crore, a 5 per cent rise year-on-year (YoY) for the quarter ended June 2025, compared to Rs 1,261.83 crore in the corresponding quarter last year.

The profit growth came despite a 2.3 per cent YoY decline in revenue from operations.

Should you buy Varun Beverages shares after Q1FY26 results? Know what analysts recommend

Following the results, analysts at brokerage firms remained largely positive, with most analysts maintaining their bullish stance on the stock. While a few brokerages trimmed their target prices marginally, citing soft volume trends and near-term challenges in the domestic market. Here is what they suggest:

Three brokerages—Goldman Sachs, Jefferies, and HSBC—have reiterated a 'buy' call on the VBL stock with raising their target prices to Rs 610 (from Rs 590), Rs 600 (from Rs 560), and Rs 640 (from Rs 620), respectively. Similarly, CLSA has maintained a  'buy' stance but trimmed target to Rs 774 (from Rs 786), noting that strong margin expansion amid volume decline as VBL flexes cost levers.

JPMorgan maintained an "overweight' stance but downgraded its target price to Rs 600 from Rs 625. 

Morgan Stanley also maintained an "overweight' rating, lowering the target to Rs 600 from Rs 615.

While maintaining a 'buy' call, Citi has reduced its price target to Rs 685 from Rs 725.

(This story will be updated shortly.)