2025-10-15 06:05:18 pm | Source: Motilal Oswal Financial Services Ltd
Buy Varun Beverages Ltd For Target Rs. 580 by Motilal Oswal Financial Services Ltd
* We expect net sales to remain flat YoY in 3QCY25.
* EBITDA margin to contract by 80bp YoY to 28.5% in 3QCY25.
* Margins will see minor contractions due to lower volumes and operating leverage.
* Demand may bounce back in Sep due to GST impact.

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