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Buy Varun Beverages Ltd For Target Rs. 705 By Yes Securities Ltd Sustaining growth through new levers We reinitiate coverage on Varun Beverages Ltd. (VBL) with BUY rating and target price (TP) of Rs705. Our view is pinned on the following arguments: (1) Per capita consumption remains low(2) Capacity and distribution expansion will continue to support growth. (3) While Sting, stabilizes, growth expected to improve in Juices and Value-Added Dairy Products (VADP). (4) Africa offers potential for long-term growth. Per capita consumption remains low With ...
Buy Varun Beverages Ltd For Target Rs. 705 By Yes Securities Ltd
Buy Varun Beverages Ltd For Target Rs. 705 By Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-01 12:49:47 pm
Pepsi India bottler Varun Beverages tops Q3 profit view on healthy international demand Pepsi India bottler Varun Beverages' third-quarter profit exceeded analysts' expectations on Tuesday as healthy demand for soda in its international markets helped outweigh a monsoon-hit domestic market. The company's net profit rose nearly 24% to 6.20 billion rupees ($73.8 million), beating analysts' expectation of 5.76 billion rupees, per LSEG data. Higher-than-normal rains throughout the quarter, which analysts said affected out-of-home beverage consumption in the cou...
Pepsi India bottler Varun Beverages tops Q3 profit view on healthy international demand
Pepsi India bottler Varun Beverages tops Q3 profit view on healthy international demand
Source: Reuters
2024-10-22 03:49:15 pm
Buy Varun Beverages Ltd For Target Rs.215 By Motilal Oswal Financial Services Domestic business drives volume growth Earnings below our estimate *  Varun Beverages (VBL) reported a revenue growth of 29% YoY in 2QCY24, led by volume growth (up 28% YoY). This was primarily driven by a domestic volume growth of 23% YoY due to increased capacity and a strong summer season. However, international volume was flat due to the portfolio transition to zero sugar in Zimbabwe. Realization was flat YoY at INR179/case. *  Management guided a double-digit volume gr...
Buy Varun Beverages Ltd For Target Rs.215 By Motilal Oswal Financial Services
Buy Varun Beverages Ltd For Target Rs.215 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-08-08 02:58:51 pm
Pepsi India bottler Varun Beverages misses Q2 view on higher expenses Pepsi India bottler Varun Beverages just missed analyst expectations for second quarter profit on Tuesday, dragged by higher raw material expenses despite healthy sales. Shares of Varun Beverages, which produces and bottles popular beverages such as Mirinda, Mountain Dew and Slice, were down 5.4% at 1595 rupees as of 6:40 a.m. GMT, and is top loser in the fast-moving consumer goods index. The company, one of PepsiCo's largest franchisees outside the United States, said its consolida...
Pepsi India bottler Varun Beverages misses Q2 view on higher expenses
Pepsi India bottler Varun Beverages misses Q2 view on higher expenses
Source: Reuters
2024-07-30 01:55:51 pm
Varun Beverages inches up after its arm starts commercial production of carbonated soft drinks, packaged drinking water Varun Beverages is currently trading at Rs. 1560.30, up by 0.75 points or 0.05% from its previous closing of Rs. 1559.55 on the BSE. The scrip opened at Rs. 1560.05 and has touched a high and low of Rs. 1567.90 and Rs. 1552.95 respectively. So far 18476 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1673.70 on 19-Jun-2024 and a 52 week low of Rs. 785.00 on 24-Jul-2023. Last one week high and low of the scrip st...
Varun Beverages inches up after its arm starts commercial production of carbonated soft drinks, packaged drinking water
Varun Beverages inches up after its arm starts commercial production of carbonated soft drinks, packaged drinking water
Source: Accord Fintech
2024-07-22 12:43:56 pm
Buy Varun Beverages Ltd For Target Rs. 1,900 By Motilal Oswal Financial Services Hungry For More: Scaling up snack food business Varun Beverages (VBL) has inched closer to its goal of becoming a full-scale F&B player with the recent agreement with PepsiCo to manufacture, distribute, and sell snack food items in Zimbabwe and Zambia. We believe this agreement will serve as a building block for VBL’s snack food business. * This is an exclusive snacks franchising agreement with PepsiCo to manufacture, distribute, and sell snack foods under the brand name &ldq...
Buy Varun Beverages Ltd For Target Rs. 1,900 By Motilal Oswal Financial Services
Buy Varun Beverages Ltd For Target Rs. 1,900 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-07-16 02:19:05 pm
Varun Beverages soars on enhancing portfolio with PepsiCo Varun Beverages is currently trading at Rs. 1616.35, up by 32.75 points or 2.07% from its previous closing of Rs. 1583.60 on the BSE. The scrip opened at Rs. 1583.00 and has touched a high and low of Rs. 1633.00 and Rs. 1572.55 respectively. So far 31613 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1673.70 on 19-Jun-2024 and a 52 week low of Rs. 785.00 on 24-Jul-2023. Last one week high and low of the scrip s...
Varun Beverages soars on enhancing portfolio with PepsiCo
Varun Beverages soars on enhancing portfolio with PepsiCo
Source: Accord Fintech
2024-07-15 02:58:40 pm
Add Varun Beverages Ltd For Target Rs. 1,650 By Emkay Global Financial Services Exponential trends in India; maintain ADD on outperformance VBL’s Q4 EBITDA was 8-13% ahead of estimates, led by better margins as revenue was in-line. Trends for the peak summer season remain robust, with 100% utilization of enhanced capacity in Apr-24 (which is up ~40% vs. the CY22 season). Given VBL’s strong track-record of successful turnarounds for Pepsico, the acquired South Africa business (SA) improves VBL’s medium-term growth profile, as Pepsico’s market sh...
Add Varun Beverages Ltd For Target Rs. 1,650 By Emkay Global Financial Services
Add Varun Beverages Ltd For Target Rs. 1,650 By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-07-08 12:13:17 pm
Buy Varun Beverages Ltd. For Target Rs.1,720 - Motilal Oswal Financial Services Cost optimization and better realization drive earnings Earnings above our estimates * Varun Beverages (VBL) reported a revenue growth of 11% YoY in 1QCY24, led by volume growth (up 7% YoY) and high realization (up 4% YoY to INR180/case). * EBITDA margins expanded 240bp YoY, led by improved gross margins (up 390bp YoY). This improvement can be attributed to decreased PET prices, the company’s concentrated efforts to minimize sugar content, and the adoption of lighter packaging...
Buy Varun Beverages Ltd. For Target Rs.1,720 - Motilal Oswal Financial Services
Buy Varun Beverages Ltd. For Target Rs.1,720 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-23 06:16:58 pm
Accumulate Varun Beverages Ltd. for Target Rs.1,590 by Elara Capital Outlook sturdy Strong growth in international markets drives Q1 volumes In Q1CY24, Varun Beverages’ (VBL IN) net sales grew 10.9% YoY (versus our estimate of 6% growth) as volume surged 7.2% YoY, led by strong volume growth in the international markets (up 21.9% YoY). Despite the 17-day delay in the Holi festival affecting the seasonality cycle, India business reported a 4.4% volume growth in Q1. Overall, realization per case rose by 3.5% YoY to INR 179.7, mainly due to better pr...
Accumulate Varun Beverages Ltd. for Target Rs.1,590 by Elara Capital
Accumulate Varun Beverages Ltd. for Target Rs.1,590 by Elara Capital
Source: Elara Capital
2024-06-05 02:30:24 pm
Buy Varun Beverages Ltd For Target Rs.1,720 - Motilal Oswal Financial Services Cost optimization and better realization drive earnings Earnings above our estimates * Varun Beverages (VBL) reported a revenue growth of 11% YoY in 1QCY24, led by volume growth (up 7% YoY) and high realization (up 4% YoY to INR180/case). ? EBITDA margins expanded 240bp YoY, led by improved gross margins (up 390bp YoY). This improvement can be attributed to decreased PET prices, the company’s concentrated efforts to minimize sugar content, and the adoption of lighter packaging mat...
Buy Varun Beverages Ltd For Target Rs.1,720 - Motilal Oswal Financial Services
Buy Varun Beverages Ltd For Target Rs.1,720 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-05-23 11:30:47 am
Pepsi India bottler Varun Beverages beats quarterly profit view on strong demand Varun Beverages reported its first-quarter earnings above market expectations on Monday, as the Pepsi India bottler benefited from an uptick in demand for soft drinks due to an early onset of summer. Gurugram-based Varun Beverages' consolidated net profit rose to 5.37 billion rupees ($64.3 million) for the quarter ended March 31, from 4.29 billion rupees in the year-ago period. It trounced analysts' estimates of 5.02 billion rupees, according to LSEG data. Consumers opted more f...
Pepsi India bottler Varun Beverages beats quarterly profit view on strong demand
Pepsi India bottler Varun Beverages beats quarterly profit view on strong demand
Source: Reuters
2024-05-13 02:34:40 pm
Buy Varun Beverages Ltd For Target Rs.1,500 - Motilal Oswal Financial Services Ltd Earnings in line with our estimates Varun Beverages (VBL) reported a revenue growth of 21% YoY in 4QCY23, led by strong volume growth (up 18% YoY) and high realization (up 2% YoY to INR171/case). While we maintain our CY24 earnings, we increase our CY25 earnings estimate by 7%, integrating the recently acquired South African beverage company BevCo’s financials and also increasing volume growth estimate of the existing business to 16%/14% for CY24/25 from 14%/13% earlier estimated....
Buy Varun Beverages Ltd For Target Rs.1,500 - Motilal Oswal Financial Services Ltd
Buy Varun Beverages Ltd For Target Rs.1,500 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-05-07 02:06:23 pm
Buy Varun Beverages Ltd For Target Rs. 1,463 - Elara Capital Promising volume outlook Strong growth in India and international markets In Q4CY23, Varun Beverages’ (VBL IN) net sales grew 20.5% YoY as volume surged 18.2% YoY, led by strong volume growth in both India (+18.9% YoY, four-year CAGR: +16.2%) and international (+13.5% YoY, four-year CAGR: +20.4%) businesses. Overall, realisation per case rose 5.2% YoY to INR 175.7 in CY23, on account of mix-enhancement in favor of smaller SKUs in Indian markets. High unseasonal rains during the p...
Buy Varun Beverages Ltd For Target Rs. 1,463 - Elara Capital
Buy Varun Beverages Ltd For Target Rs. 1,463 - Elara Capital
Source: Elara Capital
2024-04-28 09:17:10 am
Accumulate Varun Beverages Ltd For Target Rs 1,400 - Elara Capital Promising volume outlook Strong growth in India and international markets In Q4CY23, Varun Beverages’ (VBL IN) net sales grew 20.5% YoY as volume surged 18.2% YoY, led by strong volume growth in both India (+18.9% YoY, four-year CAGR: +16.2%) and international (+13.5% YoY, four-year CAGR: +20.4%) businesses. Overall, realisation per case rose 5.2% YoY to INR 175.7 in CY23, on account of mix-enhancement in f...
Accumulate Varun Beverages Ltd For Target Rs 1,400 - Elara Capital
Accumulate Varun Beverages Ltd For Target Rs 1,400 - Elara Capital
Source: Elara Capital
2024-02-26 02:36:40 pm
Buy Varun Beverages Ltd For Target Rs.: 1,400 - Emkay Global Financial Services VBL’s Q4CY23 EBITDA was broadly in-line with our est., albeit 10% above street’s est. Revenue growth was robust at 20%, led by broad-based volume growth of 17-18% and realization gain of 3%. India has seen strong recovery with high-teens growth in H2, post muted summer due to unseasonal rains. The beverage category is outperforming other FMCG categories on underpenetration, improved road/electricity infra, and scale-up of the energy-drink category. VBL has identified these tailwin...
Buy Varun Beverages Ltd For Target Rs.: 1,400 - Emkay Global Financial Services
Buy Varun Beverages Ltd For Target Rs.: 1,400 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-02-06 04:10:19 pm
Pepsi India bottler Varun Beverages` Q4 profit surges 77% on upbeat demand  Pepsi India bottler Varun Beverages reported a nearly 77% surge in its quarterly profit on Monday, as it saw double-digit volume growth across domestic and international markets even as higher costs of essentials weighed on consumers. Consolidated net profit rose to 1.32 billion rupees ($15.9 million) for the fourth quarter ended Dec. 31, compared with 747.5 million rupees in the year-ago period. Consumers in cities with higher average incomes, compared with their counterparts in ...
Pepsi India bottler Varun Beverages` Q4 profit surges 77% on upbeat demand
Pepsi India bottler Varun Beverages` Q4 profit surges 77% on upbeat demand
Source: Reuters
2024-02-05 03:17:21 pm
Reduce Varun Beverages Ltd For Target Rs.1,150 - Emkay Global Financial Services With Bevco’s acquisition, VBL has access to 10 African nations (incl. 5 existing nations) and now controls most of southern Africa. Among the new regions, South Africa gains significance as its NARTD market is ~40% of India’s market, albeit growing at a slower pace (3-5% vol. CAGR). The market is mature, but we remain confident of share gains for VBL, given its strong track record in Zimbabwe and Nepal (over 50% share now). Portfolio-led pricing gain is also a big opportunity, giv...
Reduce Varun Beverages Ltd For Target Rs.1,150 - Emkay Global Financial Services
Reduce Varun Beverages Ltd For Target Rs.1,150 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-12-23 11:00:45 am
Buy Varun Beverages Ltd For Target Rs .1,285 - Motilal Oswal Financial Services Expanding global presence with acquisition in South Africa Varun Beverage Ltd. (VBL) has acquired 100% equity stake in a South African beverage company, ‘The Beverage Company (Proprietary) Ltd.’ (BevCo), for a cash consideration of ~INR13.2b. Key highlights are as follows: * BevCo revenue for FY23 stood at ~INR16b with estimated EBITDA of INR1.9b (which accounts for ~10%/5% of the incremental revenue/EBITDA). * The acquisition is priced at an attractive valuation of EV/sa...
Buy Varun Beverages Ltd For Target Rs .1,285 - Motilal Oswal Financial Services
Buy Varun Beverages Ltd For Target Rs .1,285 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-12-20 02:21:31 pm
Varun Beverages to acquire Pepsico`s South African bottler for Rs 1,320cr The board of directors of Varun Beverages has approved to acquire 100 per cent stake in the business conducted by The Beverage Company (Proprietary) Limited, South Africa along-with its wholly-owned subsidiaries. Bevco is engaged in the business of manufacturing and distribution of licensed (PepsiCo Inc.) / own-branded non-alcoholic beverages in South Africa. Bevco has franchise rights from PepsiCo Inc. in South Africa, Lesotho and Eswatini. Further, it also has distribution rights for ...
Varun Beverages to acquire Pepsico`s South African bottler for Rs 1,320cr
Varun Beverages to acquire Pepsico`s South African bottler for Rs 1,320cr
Source: IANS
2023-12-20 11:00:12 am
India`s Varun beverages surges on South Africa foray with $159 million deal Shares in Pepsi Indian bottler Varun Beverages soared as much as 17.8% in early trade on Wednesday, a day after the company said it would buy South Africa's The Beverage Company in a deal valued at 13.2 billion rupees ($158.73 million). ($1 = 83.1625 Indian rupees)
India`s Varun beverages surges on South Africa foray with $159 million deal
India`s Varun beverages surges on South Africa foray with $159 million deal
Source: Reuters
2023-12-20 09:54:24 am
India`s Varun Beverages to buy The Beverage Company for $159 million Pepsi India bottler Varun Beverages on Tuesday said it will acquire South Africa-based The Beverage Company as well as its units in a deal at an enterprise value of 13.2 billion rupees ($158.71 million). ($1 = 83.1725 Indian rupees)
India`s Varun Beverages to buy The Beverage Company for $159 million
India`s Varun Beverages to buy The Beverage Company for $159 million
Source: Reuters
2023-12-19 04:29:27 pm
Buy Varun Beverages Ltd For Target Rs.1,090 - Motilal Oswal Financial Services Ltd Volume growth and higher realization drive sales Earnings in line with our estimates * Varun Beverages (VBL) reported a revenue growth of 22% YoY in 3QCY23, led by strong volume growth (up 15.4% YoY) and high realization (up 5.6% YoY to INR176/case) in both India and international regions. * PET chip prices softened for another quarter, resulting in a 160bp YoY gain in gross margins. Gross margin/EBITDA per unit case each grew by 9% YoY to INR97.8/INR40.1, supported by lower raw mate...
Buy Varun Beverages Ltd For Target Rs.1,090 - Motilal Oswal Financial Services Ltd
Buy Varun Beverages Ltd For Target Rs.1,090 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2023-12-12 03:22:35 pm
Varun Beverages trades higher on incorporating subsidiary company in Mozambique Varun Beverages is currently trading at Rs. 1069.10, up by 11.20 points or 1.06% from its previous closing of Rs. 1057.90 on the BSE. The scrip opened at Rs. 1067.00 and has touched a high and low of Rs. 1073.50 and Rs. 1062.65 respectively. So far 9605 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1075.00 on 28-Nov-2023 and a 52 week low of Rs. 550.00 on 03-Feb-2023. Last one week high and low of the scrip st...
Varun Beverages trades higher on incorporating subsidiary company in Mozambique
Varun Beverages trades higher on incorporating subsidiary company in Mozambique
Source: Accord Fintech
2023-11-29 02:15:51 pm
Buy Varun Beverages Ltd For Target Rs.1,150 - Emkay Global VBL’s Q3CY23 EBITDA was 3-4% above estimates, led by 8% better EBITDA in India and 14% lower Intl. EBITDA due to FX fluctuation. Revenue growth was robust at 22%, led by broad-based volume growth of 16% and realization gain of 5%. India has seen a strong recovery post a weak summer (unseasonal rains). Gross margin was better with improved mix, RM moderation and curtailed discounts. The beverage category is outperforming other FMCG categories on under-penetration and improved road/electr...
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
2023-11-22 01:26:20 pm