Buy Varun Beverages, target price Rs 1750: Axis Securities
Varun Beverages with a target price of Rs 1750. The current market price of Varun Beverages Ltd. is Rs 1498.
Varun Beverages Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 194130.91 Crore) operating in FMCG sector.
Varun Beverages Ltd. key Products/Revenue Segments include Beverages, Other Operating Revenue, Other Services for the year ending 31-Dec-2023.
Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 4406.33 Crore, up 64.61 % from last quarter Total Income of Rs 2676.80 Crore and up 12.89 % from last year same quarter Total Income of Rs 3903.11 Crore. Company reported net profit after tax of Rs 548.14 Crore in latest quarter.
Promoter/FII Holdings Promoters held 62.91 per cent stake in the company as of 31-Mar-2024, while FIIs owned 25.79 per cent, DIIs 4.16 per cent.
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