Buy Varun Beverages, target price Rs 1550: Axis Securities

Axis Securities has buy call on Varun Beverages with a target price of Rs 1550. The current market price of Varun Beverages Ltd. is Rs 1377.6.

Varun Beverages Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 180285.57 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-2022.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 2676.80 Crore, down -31.17 % from last quarter Total Income of Rs 3889.02 Crore and up 20.39 % from last year same quarter Total Income of Rs 2223.48 Crore. Company reported net profit after tax of Rs 143.55 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 63.09 per cent stake in the company as of 31-Dec-2023, while FIIs owned 26.58 per cent, DIIs 3.58 per cent.