Buy Varun Beverages, target price Rs 1150: Axis Securities

Axis Securities has buy call on Varun Beverages with a target price of Rs 1150. The current market price of Varun Beverages is Rs 1034.3. 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 67478.46 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-2021.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 4965.29 Crore, up 75.08 % from last quarter Total Income of Rs 2835.98 Crore and up 98.02 % from last year same quarter Total Income of Rs 2507.45 Crore. Company reported net profit after tax of Rs 802.01 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 63.9 per cent stake in the company as of 30-Jun-2022, while FIIs owned 23.93 per cent, DIIs 5.31 per cent.