Add Varun Beverages, target price Rs 950: ICICI Securities

ICICI Securities has add call on Varun Beverages with a target price of Rs 950. The current market price of Varun Beverages Ltd. is Rs 848.4.

Time period given by analyst is one year when Varun Beverages Ltd. price can reach defined target.

Varun Beverages Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 36682.23 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-2020.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 2477.37 Crore, down -1.20 % from last quarter Total Income of Rs 2507.45 Crore and up 37.17 % from last year same quarter Total Income of Rs 1806.11 Crore. Company reported net profit after tax of Rs 257.90 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 64.89 per cent stake in the company as of 30-Sep-2021, while FIIs owned 21.72 per cent, DIIs 6.78 per cent.