2/5/2025, 7:00:04 pm

Buy Varun Beverages; target of Rs 625: Emkay Global Financial

Varun Beverages reported strong Q1 results with 18% India revenue growth, driven by 16% volume and 2% realization growth. However, international realization dropped 12%, impacting consolidated revenue growth of 30%. VBL expects category expansion with heightened competition and maintains BUY with a revised target price of Rs 625.