VBL is currently operating at full capacity at its newly established DRC facility due to strong demand.

The company plans to double its production capacity at this facility by August 2025.

Despite a challenging domestic environment, where volumes grew by only 5.7% year-on-year due to unfavorable weather, VBL is working on improving efficiency in its Africa business.

The company is also experiencing increased volumes during a typically slow season and expects significant growth in the upcoming peak season.

VBL aims to generate sales of INR 8–8.5 billion from three proposed plants in its snack business.

Furthermore, a fundraising initiative is being considered to reduce debt, expand into new markets, and potentially make acquisitions.

ICICI Securities maintains a HOLD rating on VBL, with a target price of INR 606, reflecting a price-to-earnings ratio of 62/49x for the calendar years 2025 and 2026, respectively.