1 month ago

Varun Beverages: Analysts' Target Prices and Market Outlook

Varun Beverages: Analysts' Target Prices and Market Outlook
Varun Beverages shares: Buy, hold or sell? Morgan Stanley, CLSA, others share target prices · businesstoday.in

Varun Beverages is a company that makes and sells beverages.

Recently, many financial experts, called analysts, have given their opinions on how the company's stock will perform in the future.

Some analysts think the stock will go up a lot, setting high target prices like Rs 629.

Others are more cautious, setting lower targets like Rs 490.

The company has been doing well, with good growth in India and even better growth in other countries.

However, there have been some problems like bad weather that have affected their sales.

Overall, most analysts think the company will keep doing well because it has a strong plan for growth and is expanding its business in many places.

Key facts

Current Stock Price
Rs 429.50
Highest Target Price
Rs 629 (CLSA)
Lowest Target Price
Rs 490 (Elara Securities)
India Topline Growth
13%
International Volume Growth
25%
Net Realisation per Case Growth
1.2%

Quotes

Elara Securities analyst

Brokerage firm analyst

“Elara Securities, which suggested the lowest target on VBL at Rs 490 so far, said near‑term stock performance will depend on the success of at least one of the recently launched products or the execution of new initiatives that can provide greater visibility into sustaining double‑digit volume growth.”
businesstoday.in
“Emkay Global said it has cut its target by 15 per cent to Rs 525, citing a 3‑4 per cent earnings cut and 11 per cent drop in its target multiple on multiple climate‑related disruptions in the peak season over 2023‑26.”
businesstoday.in

Sources

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