Buy Varun Beverages, target price Rs 1220: Emkay Global

Varun Beverages Ltd. key Products/Revenue Segments include Beverages, Other Operating Revenue, Other Services for the year ending 31-Dec-2021.

Updated: Oct 27, 2022, 11.28 AM IST

Promoters held 63.9 per cent stake in the company as of 30-Sep-2022, while FIIs owned 23.93 per cent, DIIs 4.42 per cent.

Emkay Global has buy call on Varun Beverages with a target price of Rs 1220. The current market price of Varun Beverages Ltd. is Rs 1052.55.

Varun Beverages Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 67004.29 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-Sep-2022, while FIIs owned 23.93 per cent, DIIs 4.42 per cent.

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