Citi initiates 'Buy' rating on Varun Beverages, sees 36% upside
WEB2 days ago — Global financial services firm Citi has initiated coverage on Varun Beverages with a 'Buy' rating and a target price of Rs 800, indicating a potential upside of 36% from the previous closing price of Rs 588 per share. Citi cited the company's strong market position in India and significant growth opportunities in the soft drinks sector as key reasons for its positive outlook.
Varun Beverages shares earn 'buy' call from Citi; 38% upside seen …
WEB2 days ago — Citi initiates a 'buy' on Varun Beverages with a target of Rs 800, citing strong market position and growth potential in the soft drinks sector. Moneycontrol News October 04, 2024 / 09:40 IST
Varun Beverages DRC Announces USD 50 Million Pepsi …
WEB5 days ago — Varun Beverages, one of the largest franchisees of PepsiCo in the world, has announced a USD 50 million investment in a state-of-the-art Pepsi production facility in Kiswishi City, the first ...
Varun Beverages shares gain after HSBC sees PepsiCo partner …
WEB6 days ago — Varun Beverages is currently trading at a price-to-earnings ratio of 64 times HSBC's estimated 2025 earnings per share, compared to the average FY26e PE of 62 times for India’s consumer stocks." Shares of Varun Beverages are trading 1.20% higher at ₹615.85. The stock has gained 24% so far this year.
Varun Beverages to invest in Democratic Republic of Congo …
WEB5 days ago — PEP. VBL.NS. Varun Beverages, part of India’s food and drink conglomerate RJ Corp, is investing $50m in a new Pepsi cola production facility in the Democratic Republic of the Congo (DRC) in ...
Varun Beverages News - Varun Beverages Announcement, Latest News …
WEB6 days ago — VBL Share Price: Varun Beverages shares rose by 6% to an intra-day high of Rs 665.65 on BSE as the stock began trading on an ex-split basis. The record date for the 2:5 stock split was September 12, 2024. The company reported a profit after tax of Rs 1,261.83 crore for Q2 FY24, up by 26% YoY.
HSBC initiates coverage on Varun Beverages with 'Buy' rating, …
WEB6 days ago — Global financial services firm HSBC initiated coverage on Varun Beverages with a 'Buy' rating and target price of Rs 780, which indicates an upside potential of 28% from the previous closing price of Rs 609 apiece. In the report, HSBC highlighted that Varun Beverages has the potential to become the largest and most disruptive PepsiCo bottler in the company's history, as India's bottling ...
Varun Beverages DRC Announces USD 50 Million Pepsi …
WEB5 days ago — Shankar Iyer, President of Varun Beverages DRC (left), and Chris Barron, Country Head for Rendeavour in DRC (right), formalise the agreement for Varun Beverages to build a USD 50 Million Pepsi ...
Pepsi India bottler Varun Beverages beats quarterly profit view on ...
WEBMay 13, 2024 — 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...
Varun Beverages Q4FY23 Results: Net profit up 69%; stock split
WEBMay 2, 2023 — Varun Beverages reports 69% on year rise in Q4FY23 PAT on Tuesday. Varun Beverages Ltd, one of PepsiCo's biggest franchisees, said on Tuesday that its consolidated profit after tax for the...