Varun Beverages - Volume Growth Led by International Market Additions
We largely maintain our CY25/CY26 earnings estimates. We value the stock at 55x CY26E EPS to arrive at a TP of INR680. We reiterate our BUY rating...
408 Views
Varun Beverages Ltd - Growth Story Remains Intact: Maintain BUY
Volume-led growth: In Q4CY24, the company delivered a strong performance, driven by a 38.1% YoY increase in volume growth (~23.2% for CY24), fueled...
404 Views
Varun Beverages Ltd - Fizzing The Portfolio for Growth
VBL announced a proposed acquisition of a 100% stake in SBC Beverages Tanzania Ltd and SBC Beverages Ghana, both PepsiCo bottlers operating in the...
374 Views
Varun Beverages - Strong Growth Prospects at International Business
Takeaways: (1) Varun (VBL) has aggressively ramped up production (operating at maximum utilisation) at its recentlycommissioned DRC facility, due...
332 Views
Varun Beverages Ltd - Strong Performance Continues; Maintain BUY
The company delivered strong results, driven by robust consolidated volume growth of ~22% YoY to 267.5 Mn cases (including 34 Mn cases from Bevco).
230 Views