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Buy Varun Beverages Ltd For Target Rs.940 - Motilal Oswal Financial Services * Varun Beverages (VBL) reported a revenue growth of 13% YoY in 2QCY23, led by growth in volumes (up 4.7% YoY) and higher realization (up 8.2% YoY to INR179/case). Sales volume growth in India was adversely impacted by abnormally high unseasonal rains throughout the quarter. * Softening of PET chips prices led to a 200bp YoY improvement in gross margins. Gross margin/unit case grew 12% YoY to INR93.8, while EBITDA/unit case improved 15% YoY to INR48.12, supported by favorable operating lev...
Buy Varun Beverages Ltd For Target Rs.940 - Motilal Oswal Financial Services
Buy Varun Beverages Ltd For Target Rs.940 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
4/08/2023 10:39:19 AM
Pepsi India bottler Varun Beverages posts profit growth on steady volumes Pepsi India bottler Varun Beverages on Thursday reported a 26.2% jump in its second-quarter profit, underpinned by improved product mix, a slide in input costs and higher volume growth. The company, which has been making and bottling PepsiCo-branded drinks for three decades, posted a consolidated net profit of 9.94 billion rupees ($120.22 million) for the reported quarter ended June 30, compared with 7.87 billion rupees a year earlier. Gurugram-based Varun Beverages, whose operations sp...
Pepsi India bottler Varun Beverages posts profit growth on steady volumes
Pepsi India bottler Varun Beverages posts profit growth on steady volumes
Source: Reuters
3/08/2023 12:45:35 PM
Varun Beverages surges on incorporating wholly-owned subsidiary Varun Beverages is currently trading at Rs. 1598.05, up by 42.05 points or 2.70% from its previous closing of Rs. 1556.00 on the BSE. The scrip opened at Rs. 1559.00 and has touched a high and low of Rs. 1605.00 and Rs. 1559.00 respectively. So far 37811 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1654.00 on 11-May-2023 and a 52 week low of Rs. 697.25 on 31-May-2022. Last one week high and low of the scrip ...
Varun Beverages surges on incorporating wholly-owned subsidiary
Varun Beverages surges on incorporating wholly-owned subsidiary
Source: Accord Fintech
24/05/2023 10:33:38 AM
India`s rural consumer goods consumption back to growth in Q1 -NielsenIQ The consumption of consumer goods in rural India returned to growth after more than a year in the March quarter and is expected to grow for the rest of the year, market analytics firm NielsenIQ said, as inflation and price hikes eased. The increase in product prices slowed to 6.9% from January to March, from 7.9% in the previous quarter, helping consumption in rural India increase 0.3%, after six quarters of decline, NielsenIQ said in a report on Wednesday. Several Indian consumer goods...
India`s rural consumer goods consumption back to growth in Q1 -NielsenIQ
India`s rural consumer goods consumption back to growth in Q1 -NielsenIQ
Source: Reuters
10/05/2023 6:16:16 PM
Buy Varun Beverages Ltd For Target Rs.1700 - Emkay Global Financial Services Q1 EBITDA was 10-15% ahead of Street/our estimates, led by strong traction in India operations and better mix (smaller cases). While traction in star performer Sting continues, VBL is committing capital to future growth drivers [value-added dairy, juice and sports drink]. With improved affordability, VBL remains confident about demand for new products and plans improving supply by leveraging its two new manufacturing capacities in CY24 and its existing distribution/visi-cooler network. The Q1...
Buy Varun Beverages Ltd For Target Rs.1700 - Emkay Global Financial Services
Buy Varun Beverages Ltd For Target Rs.1700 - Emkay Global Financial Services
Source: Emkay Global Financial Services
9/05/2023 12:08:05 PM
Buy Varun Beverages Ltd For Target Rs.1690 - Motilal Oswal Financial Services Operating performance beat our estimates * Varun Beverages (VBL) reported strong revenue growth of 38% YoY in 1QCY23, led by robust growth in volumes (up 24.7% YoY) with realization touching INR174/unit (up ~11% YoY). * Savings in raw material prices and an improved product mix led to a YoY improvement of 90bp in gross margins. Gross margin/unit case grew 12% YoY to INR91.1, while EBITDA/unit case improved 21% YoY to INR35.6, supported by favorable operating leverage. * Factoring in ...
Buy Varun Beverages Ltd For Target Rs.1690 - Motilal Oswal Financial Services
Buy Varun Beverages Ltd For Target Rs.1690 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
3/05/2023 10:52:43 AM
Pepsi bottler Varun Beverages posts Q1 profit jump; announces stock split  India-based Pepsi bottler Varun Beverages on Tuesday reported an about 69% jump in quarterly profit on price increases and steady demand, and said it would split each of its existing shares into two. The company reported a consolidated net profit of 4.29 billion rupees ($52.46 million) for the first quarter ended March 31, compared to 2.54 billion rupees a year earlier. Gurugram-based Varun Beverages, which is PepsiCo's No.2 franchisee outside the United States, packages and d...
Pepsi bottler Varun Beverages posts Q1 profit jump; announces stock split
Pepsi bottler Varun Beverages posts Q1 profit jump; announces stock split
Source: Reuters
3/05/2023 8:52:01 AM
Varun Beverages surges on acquiring 9.80% stake in Lone Cypress Ventures Varun Beverages is currently trading at Rs. 1326.20, up by 13.65 points or 1.04% from its previous closing of Rs. 1312.55 on the BSE. The scrip opened at Rs. 1306.40 and has touched a high and low of Rs. 1328.85 and Rs. 1295.55 respectively. So far 53034 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1432.05 on 12-Dec-2022 and a 52 week low of Rs. 594.00 on 15-Mar-2022. Last one week high and low of the scrip ...
Varun Beverages surges on acquiring 9.80% stake in Lone Cypress Ventures
Varun Beverages surges on acquiring 9.80% stake in Lone Cypress Ventures
Source: Accord Fintech
14/03/2023 12:51:31 PM
Buy Varun Beverages Ltd For Target Rs.1620 - Motilal Oswal Financial Services Focus on sustainable growth path Varun Beverage (VBL) in the CY22 annual report highlighted its efforts to grow sustainably in a high-potential business segment through its strong manufacturing and distribution capabilities, which give an edge to the company.   Favorable industry outlook aids revenue growth * The Indian beverage industry is expected to witness significant growth opportunities going ahead on the back of favorable climatic conditions (hot, dry, or moderate), gr...
Buy Varun Beverages Ltd For Target Rs.1620 - Motilal Oswal Financial Services
Buy Varun Beverages Ltd For Target Rs.1620 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
11/03/2023 3:39:08 PM
LKP Spade : Buy Varun Beverages Ltd For Target Rs. 1457 - LKP Securities VARUN BEVERAGES LTD (NSE SYMBOL: VBL | BSE CODE: 540180) * The stock is on the verge of a breakout from a falling trend line and has been forming higher high higher low formations on the smaller time frame. * The momentum indicator RSI has crossed the level of 60 which confirmsthe strength of the stock. * The stock is trading above the short-term moving average of 21 days which is placed at 1245 acting as s strong support. Buy Varun Beverages Ltd CMP Rs. 1325; Stop Loss Below ...
LKP Spade : Buy Varun Beverages Ltd For Target Rs. 1457 - LKP Securities
LKP Spade : Buy Varun Beverages Ltd For Target Rs. 1457 - LKP Securities
Source: LKP Securities Ltd
20/02/2023 10:51:08 AM
Varun Beverages zooms on reporting over 2-fold jump in Q3 consolidated net profit Varun Beverages is currently trading at Rs. 1301.65, up by 80.80 points or 6.62% from its previous closing of Rs. 1220.85 on the BSE. The scrip opened at Rs. 1239.85 and has touched a high and low of Rs. 1304.50 and Rs. 1236.00 respectively. So far 54902 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1432.05 on 12-Dec-2022 and a 52 week low of Rs. 557.23 on 24-Feb-2022. Last one week high and low of the scrip ...
Varun Beverages zooms on reporting over 2-fold jump in Q3 consolidated net profit
Varun Beverages zooms on reporting over 2-fold jump in Q3 consolidated net profit
Source: Accord Fintech
7/02/2023 12:39:31 PM
Pepsi India bottler beats profit view on higher soda demand, price hikes CHENNAI - India's Varun Beverages reported a better-than-expected quarterly profit on Monday as the Pepsi bottler benefited from price increases and demand for its pricier drinks, including the Sting energy brand. The company, which has been making and bottling PepsiCo-branded drinks for three decades, said profit for the fourth quarter that ended Dec. 31 more than quadrupled to 747.5 million rupees ($9.06 million) from a year earlier. Analysts on average had expected a profit ...
Pepsi India bottler beats profit view on higher soda demand, price hikes
Pepsi India bottler beats profit view on higher soda demand, price hikes
Source: Reuters
6/02/2023 12:50:09 PM
Hold Varun Beverages Ltd For Target Rs.1235 - ICICI Direct Impressive volume growth continues in CY22… About the stock Varun Beverage (VBL) is one of the largest franchisees of PepsiCo in the world. The company produces & distributes carbonated drinks, juices & packaged drinking water in six countries including India. Some of the PepsiCo brands produced by VBL include Pepsi, Diet Pepsi, Seven-Up, Mirinda, Mountain Dew, Nimbooz, String, Slice, Tropicana, Aquafina among others. The company has operations in India (except Andhra Pra...
Hold Varun Beverages Ltd For Target Rs.1235 - ICICI Direct
Hold Varun Beverages Ltd For Target Rs.1235 - ICICI Direct
Source: ICICI Direct Ltd
2/11/2022 1:14:09 PM
Hold Varun Beverages Ltd For Target Rs .1,150 - ICICI Securities Varun reported robust revenue growth of 32.5% YoY, driven by strong volume growth across segments. It also improved the EBITDA margin by 138bps YoY due to higher gross margin and operating leverage. Company has done well in domestic (vol.gr: 22.1%) and international markets. Varun plans to invest in greenfield and brownfield projects and envisages capex of Rs13bn by Feb’23. It will likely expand production capacity by 20% in CY23. Sting contributed ~12% of the net sales during Q3CY22 an...
Hold Varun Beverages Ltd For Target Rs .1,150 - ICICI Securities
Hold Varun Beverages Ltd For Target Rs .1,150 - ICICI Securities
Source: ICICI Securities Ltd
2/11/2022 12:35:14 PM
Varun Beverages zooms on reporting 53% rise in Q3 consolidated net profitc Varun Beverages is currently trading at Rs. 1099.25, up by 49.10 points or 4.68% from its previous closing of Rs. 1050.15 on the BSE. The scrip opened at Rs. 1055.00 and has touched a high and low of Rs. 1111.50 and Rs. 1050.80 respectively. So far 303267 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1194.80 on 22-Sep-2022 and a 52 week low of Rs. 545.27 on 21-Dec-2021. Last one week high and low of the scrip...
Varun Beverages zooms on reporting 53% rise in Q3 consolidated net profitc
Varun Beverages zooms on reporting 53% rise in Q3 consolidated net profitc
Source: Accord Fintech
1/11/2022 3:27:29 PM
Buy Varun Beverages Ltd for For Target Rs 1,220 - Emkay Global Financial Services Potential long-term Africa opportunity drives valuation upgrade; maintain BUY VBL posted ~19% revenue CAGR in CY12-21, led by revenue CAGR of 18% in India and 23% in international geographies. The robust global growth was driven by strong rampup in three-country Africa operations and a sustained growth in Nepal. In our view, Africa is a large soft-drinks market (Emkay Est: >USD25bn industry size as of CY19) and its attractive macro growth + demographics offer a low-teen revenue CAGR opp...
Buy Varun Beverages Ltd for For Target Rs 1,220 - Emkay Global Financial Services
Buy Varun Beverages Ltd for For Target Rs 1,220 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
27/10/2022 12:37:01 PM
Buy Varun Beverages Ltd For Target Rs.1,230 - Motilal Oswal Financial Services VBL’s newly launched segments – energy drink, dairy beverages and juices are registering strong growth v/s existing product segments. The company has entered into the energy drink segment in CY17 with the launch of Sting in India, thereby competing with global players. The contribution from this segment to overall VBL’s portfolio has been moving up since the launch. The Indian energy and sports drinks market is expected to witness ~13.3% CAGR during CY22-CY27. The ener...
Buy Varun Beverages Ltd For Target Rs.1,230 - Motilal Oswal Financial Services
Buy Varun Beverages Ltd For Target Rs.1,230 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
12/10/2022 1:32:35 PM
PepsiCo to set up 4 plants in Uttar Pradesh The Uttar Pradesh government, through its investment promotion agency Invest UP, has been successful in attracting beverages industrial units in Gorakhpur, Amethi, Prayagraj and Chitrakoot. Varun Beverages Ltd, all India franchisee of PepsiCo, has been allotted land in these districts through fast-track mode for setting up their units for producing carbonated soft drinks, fruit pulp or juice-based drinks. The company has proposed to invest Rs 3,740 crore in total in all the four plants ...
PepsiCo to set up 4 plants in Uttar Pradesh
PepsiCo to set up 4 plants in Uttar Pradesh
Source: IANS
23/09/2022 10:07:38 AM
Investments worth Rs 10.44L cr lined up ahead of next month`s Invest Rajasthan Summit With investments of over Rs 10.44 lakh crore lined up ahead of the Invest Rajasthan Summit to be held here on October 7-8, Rajasthan is poised to take a significant step towards a new era of industrialisation, Shakuntla Rawat, state Minister of Industries and Commerce, said on Saturday. Addressing the media at the Udyog Bhawan here, Rawat said, "The Invest Rajasthan Summit will be held in Jaipur on October 7 and 8. Approximately 3,000 delegates from diverse sectors and industries will...
Investments worth Rs 10.44L cr lined up ahead of next month`s Invest Rajasthan Summit
Investments worth Rs 10.44L cr lined up ahead of next month`s Invest Rajasthan Summit
Source: IANS
4/09/2022 9:22:26 AM
Varun Beverages trades in green on the BSE Varun Beverages is currently trading at Rs. 929.65, up by 14.25 points or 1.56 % from its previous closing of Rs. 915.40 on the BSE. The scrip opened at Rs. 916.00 and has touched a high and low of Rs. 932.80 and Rs. 904.85 respectively. So far 93466 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 960.00 on 02-Aug-2022 and a 52 week low of Rs. 480.63 on 11-Aug-2021. Last one week high and low of the scrip stood...
Varun Beverages trades in green on the BSE
Varun Beverages trades in green on the BSE
Source: Accord Fintech
3/08/2022 1:13:53 PM
Varun Beverages hits new 52-week high on reporting over 2-fold jump in Q2 consolidated net profit Varun Beverages is currently trading at Rs. 928.50, up by 2.15 points or 0.23% from its previous closing of Rs. 926.35 on the BSE. The scrip opened at Rs. 960.00 and has touched a high and low of Rs. 960.00 and Rs. 922.80 respectively. So far 104410 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 960.00 on 02-Aug-2022 and a 52 week low of Rs. 480.63 on 11-Aug-2021. Last one week high and low of the scrip stood ...
Varun Beverages hits new 52-week high on reporting over 2-fold jump in Q2 consolidated net profit
Varun Beverages hits new 52-week high on reporting over 2-fold jump in Q2 consolidated net profit
Source: Accord Fintech
2/08/2022 1:56:05 PM
Buy Varun Beverages Ltd For Target Rs.1,110 - Motilal Oswal Financial Services Operating leverage drives earnings Earnings above our estimates * VBL posted strong revenue growth in 2QCY22, led by robust volume growth (up 97% YoY) and higher realization (up 3%). * EBIDTA/unit case improved by 11% YoY to INR41.7 on the back of operating leverage and higher realizations, despite inflationary raw material environment impacting gross margin. * Factoring a better than expected volume and realization growth in 2QCY22, we raise our CY22/CY23/CY24 earnings estimate b...
Buy Varun Beverages Ltd For Target Rs.1,110 - Motilal Oswal Financial Services
Buy Varun Beverages Ltd For Target Rs.1,110 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2/08/2022 1:04:04 PM
Varun Beverages Q2 net profit zooms 205.92% at Rs 728.33 cr The company reported standalone net profit of Rs 728.33 crore for the quarter ended June 30, 2022 as compared to Rs 238.08 crore in the same period last year, registering a year-on-year growth of 205.92 per cent. Net revenue of the company rose triple digit by 119.91 per cent at Rs 4,365.83 crore in April-June quarter of this fiscal as against Rs 1,985.32 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 114.75 per cent to Rs 3,263.02 cror...
Varun Beverages Q2 net profit zooms 205.92% at Rs 728.33 cr
Varun Beverages Q2 net profit zooms 205.92% at Rs 728.33 cr
Source: Dion Global Solutions Ltd
1/08/2022 1:49:06 PM
Varun Beverages wins `Best Bottler in AMESA sector of the year 2021` award Varun Beverages has received an award from PepsiCo for the ‘Best Bottler in Africa, Middle East and South Asia (AMESA) sector’ of the year 2021. This award is an annual recognition conferred upon PepsiCo’s bottling partner for its quality standards, commitment towards sustainability, support to local community, customer service, and volume performance among other parameters. Varun Beverages is franchisee of CSDs and NCBs sold under trademarks owned by PepsiCo in India and...
Varun Beverages wins `Best Bottler in AMESA sector of the year 2021` award
Varun Beverages wins `Best Bottler in AMESA sector of the year 2021` award
Source: Accord Fintech
4/07/2022 12:05:48 PM
Stock of the week - Buy Varun Beverages Ltd For Target Rs. 906 By GEPL Capital Observation * On weekly chart, VBL has been moving in a strong uptrend since March 2020 and forming higher high, higher low formation. * On daily timeframe we saw breakout from rounding bottoming in April 2022 with higher volumes. * On weekly chart, Post the breakout we can spot change in the polarity pattern which is followed by strong volumes. * Prices on weekly timeframe took support from its 13 week EMA, which acted as strong support to prices and 32 week EMA which acted as pr...
Stock of the week - Buy Varun Beverages Ltd For Target Rs. 906 By GEPL Capital
Stock of the week - Buy Varun Beverages Ltd For Target Rs. 906 By GEPL Capital
Source: GEPL Capital
27/06/2022 11:13:26 AM
Buy Varun Beverages Ltd For Target Rs.867 - ICICI Direct Turns ex-bonus… About the stock Varun Beverages is one of the largest franchisees of PepsiCo in the world. The company produces & distributes carbonated drinks, juices & packaged drinking water in six countries including India. Some of the PepsiCo brands produced by VBL includes Pepsi, Diet Pepsi, Seven-Up, Mirinda, Mountain Dew, Nimbooz, String, Slice, Tropicana, Aquafina among others. * The company has operations in India (except Andhra Pradesh, J&K and Ladakh), ...
Buy Varun Beverages Ltd For Target Rs.867 - ICICI Direct
Buy Varun Beverages Ltd For Target Rs.867 - ICICI Direct
Source: ICICI Direct
22/06/2022 11:34:26 AM
LKP Spade, Weekly Pick - Buy Varun Beverages Ltd For Target Rs.750 - LKP Securities Varun Beverages Ltd * The stock after a steep correction is witnessing fresh momentum around the previous demand zone 1070-1050 levels. * The stock has surpassed its 200DMA in today's trading session with decisive volumes indicating the resumption of an uptrend. * The momentum oscillators are showing signs of reversal on the lower time frame which confirms the up move. Varun Beverages Ltd Buy @ Rs. Rs. 790/830 Stop Loss Below Rs. 710 CB Target Rs. 790/830&nb...
LKP Spade, Weekly Pick - Buy Varun Beverages Ltd For Target Rs.750 - LKP Securities
LKP Spade, Weekly Pick - Buy Varun Beverages Ltd For Target Rs.750 - LKP Securities
Source: LKP Securities Ltd
13/06/2022 12:09:03 PM
Investment Idea: Buy Varun Beverages Ltd For Target Rs.1,230 - Motilal Oswal Operating leverage and higher realization drive earnings Earnings above our estimates * VBL posted robust sales growth, supported by strong (19% YoY) volume growth across geographies and higher (6% YoY) realization. Volume growth was led by the early onset of summer in India, translating into higher demand. * Despite higher input cost, operating performance improved significantly due to higher realization and operating leverage. Consequently, EBIDTA/unit-case improved by 17% YoY to I...
Investment Idea: Buy Varun Beverages Ltd For Target Rs.1,230 - Motilal Oswal
Investment Idea: Buy Varun Beverages Ltd For Target Rs.1,230 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
13/06/2022 12:01:06 PM
Motilal Oswal recommends Varun Beverages shares Brokerage house Motilal Oswal Financial Services has recommended investors to buy shares of Varun Beverages, pegging a target price of Rs 820. Varun Beverages is a major player in beverage industry and one of the largest franchisee of PepsiCo outside the US. On Friday's closing, the shares of the company were at Rs 750. Varun Beverages is expected to benefit from a strong recovery going forward, led by a growing out-of-home consumption, with the opening up of offices and travelin...
Motilal Oswal recommends Varun Beverages shares
Motilal Oswal recommends Varun Beverages shares
Source: IANS
10/06/2022 5:18:33 PM
Varun Beverages Q1 net profit jumps 55.99% at Rs 195.36 cr The company reported standalone net profit of Rs 195.36 crore for the quarter ended March 31, 2022 as compared to Rs 125.24 crore in the same period last year, registering a year-on-year growth of 55.99 per cent. Net revenue of the company rose substantially by 21.41 per cent at Rs 2,184.37 crore in January-March quarter of this fiscal as against Rs 1,799.15 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 20.63 per cent to Rs 1,785.33...
Varun Beverages Q1 net profit jumps 55.99% at Rs 195.36 cr
Varun Beverages Q1 net profit jumps 55.99% at Rs 195.36 cr
Source: Dion Global Solutions Ltd
28/04/2022 2:47:47 PM
Add Varun Beverages Ltd For Target Rs.1,000 - ICICI Securities Capacity expansion plans on track Key takeaways from Q4CY21 results: (1) revenue grew 30.3% YoY, led by volume growth of 28.7% YoY and higher realisations by 1.2% YoY and (2) gross and EBITDA margin declined 476bps and 96bps YoY, respectively. The company added 40,000 visi-coolers during the year. The company is on schedule to operationalise its manufacturing facilities in Bihar and J&K by Mar’22. Varun plans to expand its distribution by 10-15% in CY22. With an increase in input...
Add Varun Beverages Ltd For Target Rs.1,000 - ICICI Securities
Add Varun Beverages Ltd For Target Rs.1,000 - ICICI Securities
Source: ICICI Securities Ltd
20/04/2022 11:28:19 AM
Varun Beverage shares at all-time high on firm demand outlook for beverages Shares of Varun Beverages have been rising consistently over the past few sessions due to prospects of firm demand for cold drinks and beverages with the onset of summer. Varun Beverages Limited is an Indian company that produces, bottles and distributes beverages. It is the second largest bottling company of PepsiCo's beverages in the world outside the US. At 2.25 p.m., the shares of the company traded 2.6 per cent up at Rs 1,036 per share, which is reportedly also its all-time hig...
Varun Beverage shares at all-time high on firm demand outlook for beverages
Varun Beverage shares at all-time high on firm demand outlook for beverages
Source: IANS
18/04/2022 3:36:23 PM
Hold Varun Beverages Ltd For Target Rs.1,050 - ICICI Direct Volumes growing at robust pace… About the stock: Varun Beverages is one of the largest franchisee of PepsiCo in the world. The company produces & distributes carbonated drinks, juices & packaged drinking water in six countries including India. Some of the PepsiCo brands produced by VBL includes Pepsi, Diet Pepsi, Seven-Up, Mirinda, Mountain Dew, Nimbooz, String, Slice, Tropicana, Aquafina among others The company has operations in India (except Andhra Pradesh, J&K &am...
Hold Varun Beverages Ltd For Target Rs.1,050 - ICICI Direct
Hold Varun Beverages Ltd For Target Rs.1,050 - ICICI Direct
Source: ICICI Direct
8/04/2022 3:13:38 PM
Buy Varun Beverages Ltd For Target Rs.1,150 - Emkay Global Double-digit growth to continue; all eyes now on summer Our channel checks suggest double-digit volume growth for VBL in Q1CY22, in line with trends in recent quarters. Further, a strong marketing push (refreshed Pepsi - more fizz), portfolio expansion into lemon-based drinks (40% of industry) and continued traction in ‘Sting’ should boost growth; we expect revenue/EBITDA growth of 26/35% in CY22. VBL is better placed to combat inflation through light-weighting of PET bottle...
Buy Varun Beverages Ltd For Target Rs.1,150 - Emkay Global
Buy Varun Beverages Ltd For Target Rs.1,150 - Emkay Global
Source: Emkay Global Financial Services Ltd
21/03/2022 12:35:30 PM
Buy Varun Beverages Ltd For Target Rs.1,175 - Motilal Oswal Financial Underpenetrated market paving the way for growth VBL has a diversified growth strategy, with multiple levers in place to drive its long-term growth. We expect volume growth momentum to continue, with: a) a gradual gain in market share on increasing penetration in underpenetrated markets, b) higher acceptance of recently launched products, and c) ramp-up of operations in new regions (South and West India). Key insights are highlighted below: Greenshoots will continue to propel growth ...
Buy Varun Beverages Ltd For Target Rs.1,175 - Motilal Oswal Financial
Buy Varun Beverages Ltd For Target Rs.1,175 - Motilal Oswal Financial
Source: Motilal Oswal Financial Services Ltd
14/03/2022 2:46:32 PM
Add Varun Beverages Ltd For Target Rs.1,030 - ICICI Securities Entry in foods business: A DCF accretive move Varun will start contract manufacturing for Pepsi’s snack brand Kurkure Puffcorn and we believe it is a step in right direction. Depending on the Varun’s progress in Kurkure Puffcorn business, we expect Pepsi to offer more products and regions to Varun. As of now Varun will set up a plant in Uttar Pradesh for Rs200-250mn and will produce Kurkure Puffcorn. While Varun Beverages has not worked on foods portfolio earlier, we believe Ja...
Add Varun Beverages Ltd For Target Rs.1,030 - ICICI Securities
Add Varun Beverages Ltd For Target Rs.1,030 - ICICI Securities
Source: ICICI Securities Ltd
7/03/2022 10:50:19 AM
Buy Varun Beverages Ltd For Target Rs.930 - ICICI Securities Likely limited impact of lockdown (if any) Based on our channel checks, we believe Varun Beverages is likely to maintain strong double-digit volume growth, in line with earlier quarters. It has not yet raised prices of its products in spite of inflation in key raw materials such as sugar and PET (packaging material). It plans to focus on Eastern states and is on track to set up a new plant in Bihar. We also believe lockdown (if any) would likely have a negligible impact on the company&rsqu...
Buy Varun Beverages Ltd For Target Rs.930 - ICICI Securities
Buy Varun Beverages Ltd For Target Rs.930 - ICICI Securities
Source: ICICI Securities Ltd
4/01/2022 12:04:36 PM
Buy Varun Beverages Ltd For Target Rs.1020 - ICICI Direct Splendid volume growth… About the stock: Varun Beverages (VBL) is one of the largest franchisees of PepsiCo globally. The company produces & distributes carbonated drinks, juices & packaged drinking water in six countries including India. Some of the PepsiCo brands produced by VBL include Pepsi, Diet Pepsi, Seven-Up, Mirinda, Mountain Dew, Nimbooz, String, Slice, Tropicana, Aquafina among others. * The company has operations in India (except Andhra Pradesh, J&K and La...
Buy Varun Beverages Ltd For Target Rs.1020 - ICICI Direct
Buy Varun Beverages Ltd For Target Rs.1020 - ICICI Direct
Source: ICICI Direct
6/12/2021 10:16:50 AM
Buy Varun Beverages Ltd For Target Rs.920 - ICICI Securities Multiple tailwinds to drive growth We model Varun to be net beneficiary of normalcy returning to the domestic as well as international markets and revival in out-of-home consumption. We also note the company is benefitting due to increase in in-home consumption. It also plans to come out with new unit at Bihar to cater to underpenetrated region of Central and East India. Varun plans to expand its distribution by 10-15% in CY22. While increase in input prices and freight cost remains a chal...
Buy Varun Beverages Ltd For Target Rs.920 - ICICI Securities
Buy Varun Beverages Ltd For Target Rs.920 - ICICI Securities
Source: ICICI Securities
3/12/2021 10:40:38 AM
Buy Varun Beverages Ltd For Target Rs.1,120 - Emkay Global Strong delivery enhances confidence in growth * VBL’s revenues were 10-13% ahead of our/Street estimates. Adj. for Rs408mn one-off tax penalty in top-line, margins were in line with estimates. Op. leverage, led by 2-yr volume CAGR of ~11%, helped offset the 200bps gross margin decline due to PET price increase. * Except for the Covid-impacted May-Jun’21 period, VBL has seen strong double-digit volume CAGR in rest of YTD CY21. Category-wise, Water/Juices saw a healthy 7-9% CA...
Buy Varun Beverages Ltd For Target Rs.1,120 - Emkay Global
Buy Varun Beverages Ltd For Target Rs.1,120 - Emkay Global
Source: Emkay Global Financial Services Ltd
25/11/2021 10:22:08 AM
Investment Idea - Buy Varun Beverages Ltd For Target Rs.1,210 - Motilal Oswal To sizzle on greater penetration, launches Varun Beverages (VBL) manufactures, sells, bottles, and distributes PepsiCo’s beverages in pre-defined territories in India.   Robust recovery in volumes: VBL saw strong volume growth across segments and markets. During the pandemic, VBL witnessed strong growth from 'in-home' consumption. With the lifting of restrictions, 'on-the-go' consumption is also growing and is expected to cross pre-COVID levels over the nex...
Investment Idea - Buy Varun Beverages Ltd For Target Rs.1,210 - Motilal Oswal
Investment Idea - Buy Varun Beverages Ltd For Target Rs.1,210 - Motilal Oswal
Source: Geojit Financial Services Ltd
18/11/2021 1:54:25 PM
Add Varun Beverages Ltd For Target Rs.915 - Yes Securities Strong recovery in Out of Home with in-home consumption sustaining, margin headwinds remain; maintain ADD Our view VBL posted a solid volume growth led by a demand uptick across geographies with a pickup in mobility. Growth was even better in juices and other new launches with Out of Home channel staging a strong recovery and in-home consumption trends sustaining. High operating leverage and cost efficiencies helped maintain margins despite PET cost inflation. The company looks set to h...
Add Varun Beverages Ltd For Target Rs.915 - Yes Securities
Add Varun Beverages Ltd For Target Rs.915 - Yes Securities
Source: Yes Securities Ltd
5/11/2021 12:15:42 PM
Buy Varun Beverages Ltd For Target Rs.1,150 - Motilal Oswal To sizzle on greater penetration, launches We analyzed the impact and growth drivers of Varun Beverages (VBL) post the second COVID wave. Key parameters to drive performance include: a) its growing presence in South and West India, b) increasing acceptance of newly launched products, and c) strengthening of its distribution network. Key insights are highlighted below:   Expect South and West India to bloom from CY22E onwards * In May’19, VBL acquired the franchisee righ...
Buy Varun Beverages Ltd For Target Rs.1,150 - Motilal Oswal
Buy Varun Beverages Ltd For Target Rs.1,150 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
15/10/2021 12:48:15 PM
Buy Varun Beverages Ltd : Enough juice and fizz left; raising TP to Rs1,120, maintain Buy - Emkay Global Buy Varun Beverages Ltd For Target Rs.1,120 Enough juice and fizz left; raising TP to Rs1,120, maintain Buy * We raise VBL’s Sep’22 target price to Rs1,120 (from Rs915 earlier) based on a higher target P/E of 35x (28x previously). Multiple-upgrade is driven by improved long-term growth outlook—now about mid-teen revenue/EPS CAGR vs. low-teen growth previously. * Our TP is backed by a two-stage growth model. Annual per capita consumption (PCC) of soft-drinks in India...
Buy Varun Beverages Ltd : Enough juice and fizz left; raising TP to Rs1,120, maintain Buy - Emkay Global
Buy Varun Beverages Ltd : Enough juice and fizz left; raising TP to Rs1,120, maintain Buy - Emkay Global
Source: Emkay Global Financial Services Ltd
23/09/2021 11:53:41 AM
Add Varun Beverages Ltd For Target Rs.840 - ICICI Securities Strong revival in volume growth Q2CY21, peak quarter for Varun was impacted by covid wave-2 and lockdown but the company still managed to report strong revenue growth of 49.4% (Volume growth of 45.4%). Two year CAGR was -6.6%. We believe (1) stronger growth in urban markets, (2) higher in-home consumption and (3) favourable base were chief reasons for stronger revenue/ volume growth. The company has done inventory up-stocking for packaging material for entire CY21. It will be net benefi...
Add Varun Beverages Ltd For Target Rs.840 - ICICI Securities
Add Varun Beverages Ltd For Target Rs.840 - ICICI Securities
Source: ICICI Securities
10/09/2021 11:18:33 AM
Buy Varun Beverages Ltd For Target Rs.950 - ICICI Direct Covid-19 again adversely sways summer season… About the stock Varun Beverages (VBL) is one of the largest franchisees of PepsiCo in the world. The company produces & distributes carbonated drinks, juices & packaged drinking water in six countries including. Some of the PepsiCo brands produced by VBL include Pepsi, Diet Pepsi, Seven-Up, Mirinda, Mountain Dew, Nimbooz, String, Slice, Tropicana, Aquafina, among others. * The company has operations in India (except Andhra Pra...
Buy Varun Beverages Ltd For Target Rs.950 - ICICI Direct
Buy Varun Beverages Ltd For Target Rs.950 - ICICI Direct
Source: ICICI Direct
4/09/2021 9:42:35 AM
Buy Varun Beverages Ltd For Target Rs.920 - Motilal Oswal Sharp volume growth on strong recovery and lower base Earnings above estimates * Varun Beverages (VBL) reported strong volume/revenue growth on the back of demand recovery across product segments and a lower base. It reported a stable operating performance, albeit gross margin contraction, owing to sustainable cost optimization measures implemented last year. * 2QCY21 revenue/EBITDA/PAT came in above our estimates. We increase our earnings estimates for CY21/CY22 by 29%/8%, on the back ...
Buy Varun Beverages Ltd For Target Rs.920 - Motilal Oswal
Buy Varun Beverages Ltd For Target Rs.920 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
28/08/2021 11:29:04 AM
LKP Spade, Weekly Pick - Buy Varun Beverages Limited For Target Rs. 880 - LKP Securities * Stock has given breakout above its two month consolidation area with descent volume. * Prices are trading above ichimoku clouds which suggest trend is good. * Both momentum indicator RSI & MACD are ranging in positive territory. Buy Varun Beverages Limited - BUY @ 830-835 TGT 880 Stop Loss Below Rs. 800 CB Duration 1 Week   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at...
LKP Spade, Weekly Pick - Buy Varun Beverages Limited For Target Rs. 880 - LKP Securities
LKP Spade, Weekly Pick - Buy Varun Beverages Limited For Target Rs. 880 - LKP Securities
Source: LKP Securities Ltd
23/08/2021 11:29:07 AM