The new song titled 'Balam Pichkari' is a fun-filled one featuring the gang playing with colours.
The music of the film has been composed by Pritam and the lyrics are given by Amitabh Bhattacharya.
'Yeh Jawaani Hai Deewani' also stars Aditya Roy Kapur and Kalki Koechlin in supporting roles.
Directed by Ayan Mukerji, the film is slated to release on May 31.