Varun Beverages: Expanding Its Footing in the African Market
We maintain our BUY rating on the stock with the revised TP of Rs 1,450/share (47x CY25EPS) vs. the earlier TP of Rs 1,200/share (45x CY25 EPS)
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Axis Research Scorecard Report for Nov 2023
We are proud to share that our Axis Top Picks basket delivered impressive returns of 31% in the last one year (till 1st Dec’23), notably beating...
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Axis Top Picks - Dec 2023
We are proud to share that our Axis Top Picks basket delivered impressive returns of 31% in the last one year till 1st Dec’23, beating the...
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Top Sector Ideas - FMCG Q2FY24
Rural recovery continues: Most Staple companies under our coverage have indicated sustained signs of rural recovery. Moving forward, volume growth...
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Varun Beverages Ltd - Strong Volume Led Growth; Maintain BUY
VBL delivered robust all-around performance, which was led by volume growth of 15.4% YoY and an increase in realization growth, up 5.6% YoY.
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