Varun Beverages Ltd (VBL)

Varun Beverages Shares Set to Hit New Highs After Exclusive Snacks Franchising Agreement with PepsiCo - 16 Jul, 2024

Varun Beverages is expected to see significant growth following its exclusive snacks franchising agreement with PepsiCo to expand into Zimbabwe and Zambia. Analysts have recommended buying the stock, with Motilal Oswal setting a target price of Rs 1900. However, concerns remain over the company's high level of debt.

Varun Beverages Enters Exclusive Franchising Appointment with PepsiCo - 15 Jul, 2024

Varun Beverages has entered into an agreement with PepsiCo to manufacture, distribute, and sell Simba Munchiez in Zimbabwe and Zambia. The company plans to invest around $7 million in a manufacturing facility for the same. Analysts at Anand Rathi recently re-initiated a buy rating on Varun Beverages with a target price of Rs 1,900 per share.

Varun Beverages Shares Rise on Positive Analyst Reports - 11 Jul, 2024

Shares of Varun Beverages have risen by 522% over the past three years and are expected to perform strongly in Q2. Nuvama Institutional Equities has assigned a price target of Rs 1865 while CLSA maintains its Buy call with a price target of Rs 1977.

Varun Beverages Reports Strong Financial Performance - 10 Jul, 2024

Varun Beverages has reported a substantial increase in Q1 2024 earnings and is poised for notable growth with recent strategic expansions. The company's high debt levels could pose challenges, but earnings are expected to grow by 24.36% annually, outpacing the Indian markets forecasted growth.

Varun Beverages Reports Strong Sales Growth in Q1 FY24 - 05 Jul, 2024

Varun Beverages Ltd. reports a strong growth in consolidated sales for quarter ended march 2024, with a YoY increase of 61.6%. The stock is trading 0.98% higher at Rs 1603.2.

Varun Beverages Shows Resilience, Presents Buying Opportunity - 04 Jul, 2024

Varun Beverages Ltd (VBL) has shown resilience by reversing around 21DEMA and presenting an attractive buying opportunity. Notable buying activity was observed at lower price levels, indicating investor interest in purchasing the stock. The daily RSI indicator has reversed from 55 levels, suggesting a potential shift in momentum.

Varun Beverages Shows Strong Growth Potential - 01 Jul, 2024

Despite carrying high debt, Varun Beverages is expected to outpace the Indian market in terms of earnings and revenue growth. Axis Securities recommends buying shares with a target of Rs 1,830 each.

Varun Beverages Shows Resilience and Attractive Buying Opportunity - 27 Jun, 2024

Varun Beverages Ltd demonstrates resilience by avoiding further drops and instead reversing around 21DEMA. Notable buying activity was observed at lower price levels, presenting an attractive buying opportunity as the daily RSI indicator reverses from 55 levels.

Varun Beverages Demonstrates Strong Growth Potential - 21 Jun, 2024

Varun Beverages is expanding its operations in Zimbabwe and Uttar Pradesh while reporting a substantial YoY earnings increase of INR 5.37 billion. Despite high debt levels and recent executive changes, the company's financial trajectory appears strong with revenue growth outpacing the Indian market at 16.7% annually.

Varun Beverages to Expand Operations in Zimbabwe - 20 Jun, 2024

Varun Beverages, a growth-focused company with high insider ownership, is expanding its operations by establishing a subsidiary in Zimbabwe. The firm's revenue and earnings have shown robust growth, with expected annual earnings growth surpassing the Indian market forecast. However, the company carries a high level of debt which could pose financial management challenges.

Varun Beverages Receives Positive Outlook from CLSA - 19 Jun, 2024

Foreign brokerage CLSA has maintained its positive outlook on Varun Beverages Ltd., with a buy call and an increased target price of Rs 1,977 per share. The company's increased affordability, new territories and products, deeper distribution networks, and acquisitions are expected to drive sustained growth for the PepsiCo bottler.

Varun Beverages Shares Set to Reach Rs 1,900 Mark: Anand Rathi - 17 Jun, 2024

Brokerage firm Anand Rathi has re-initiated its BUY coverage on Varun Beverages stock and predicts it will hit the Rs 1,900 mark in a year. The company's strategic investments, successful acquisitions, increasing presence in domestic markets, and strong heatwaves are expected to drive growth. Technicals show that the stock is currently overbought.