Varun Beverages Ltd (VBL)

Motilal Oswal Recommends BUY Rating on Varun Beverages - 17 May, 2024

Varun Beverages reported an 11% YoY revenue growth in 1QCY24, with expanded EBITDA margins of 240bp YoY. Motilal Oswal recommends a BUY rating with a target price of INR 1,720 due to volume growth and high realization.

KRChoksey Bullish on Varun Beverages, Recommends Buying Shares - 16 May, 2024

Domestic brokerage KRChoksey is bullish on Varun Beverages with an upside potential of 15.51%. The broker believes the company's profitability will improve due to higher selling prices and cost efficiencies. KRChoksey has recommended buying Varun Beverages shares for a one-year target price of Rs 1,732.

Varun Beverages Receives Bullish Ratings After Strong Q1 Earnings - 14 May, 2024

Varun Beverages reports a 10.9% YoY growth in revenue and a 25% YoY increase in PAT for Q1CY24. Brokerages maintain their bullish stance on the stock and raise target prices due to favourable growth outlook.

Varun Beverages Reports Strong Q1 Earnings Despite Share Slump - 13 May, 2024

Varun Beverages reports a strong Q1 CY24 performance with a 24.9% YoY increase in net profit and an 11.3% YoY increase in revenue from operations. However, the company's shares slump by 4% following the announcement.

Varun Beverages Earns Higher Returns on Capital Employed - 12 May, 2024

Varun Beverages has an ROCE of 28%, outpacing the industry average of 13%. Over the last five years, returns on capital employed have risen substantially to 28%. The business is earning more per dollar of capital invested and reinvesting in the business to generate higher returns.

Kotak identifies key beneficiaries of new PWM rules - 06 May, 2024

According to Kotak, plastic recyclers such as Ganesha Ecosphere and innovative packaging companies like EPL, Uflex, and ITC will benefit from the roll-out of the new Plastic Waste Management (PWM) rules. These companies can provide solutions for making plastic recyclable, develop products using PCR, and offer economical alternatives to plastics.

Varun Beverages Ltd. Stock Trades 2.47% Up - 02 May, 2024

Varun Beverages Ltd. stock traded 2.47% up at Rs 1515.55 with a bullish bias on the counter. The company reported consolidated sales of Rs 2676.8 crore, down 31.17% from the previous quarter and net profit of Rs 131.97 crore for the latest quarter.

Varun Beverages Poised for Growth Despite Challenges - 26 Apr, 2024

Varun Beverages is expected to experience significant growth due to strong revenue growth and strategic expansions, although high debt levels and recent executive resignations may pose challenges. The company's high P/S ratio reflects investor confidence in its future revenue growth potential.

Varun Beverages Shares Rise After PepsiCo's Strong Earnings - 24 Apr, 2024

Shares of Varun Beverages rose slightly following the release of strong earnings by one of its largest franchisees, PepsiCo. The company is a key player in the beverage industry and one of the largest franchisees of PepsiCo in the world.

Varun Jaipuria to Lead Food and Beverages Business of RJ Corp - 23 Apr, 2024

Varun Jaipuria, son of Ravi Jaipuria, will take over the food and beverages sector of RJ Corp, which includes Varun Beverages, PepsiCo's second-largest bottler outside the US. The succession plan has been formalized, with a roadmap for Varun to assume strategic leadership roles.

Morgan Stanley Initiates Coverage on Varun Beverages with Overweight Rating - 20 Apr, 2024

Varun Beverages' stock has delivered a CAGR of 35% in operating revenues over three years. Morgan Stanley initiated coverage with an Overweight rating and target price of Rs 1,701, expecting revenue growth averaging around 19% annually and EBITDA margins staying at approximately 24%. The company is expected to outpace the F&B industry due to its solid track record of profitability and scaling domestic as well as global opportunities.

Morgan Stanley and Axis Securities Initiate Coverage on Varun Beverages - 18 Apr, 2024

Global brokerage Morgan Stanley has initiated coverage on Varun Beverages with an overweight stance, assigning a price target of Rs 1701. Meanwhile, Axis Securities has set a target of Rs 1550 for the stock. Both brokerages expect strong growth momentum for the company due to normalcy of operations and market share gains in newly acquired territories post-COVID-19 disruptions.