Buy Varun Beverages, target price Rs 1850: Motilal Oswal

Motilal Oswal Financial Services has buy call on Varun Beverages with a target price of Rs 1850. The current market price of Varun Beverages is Rs 1599.95.

Varun Beverages Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 204973.73 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-2023.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 7240.89 Crore, up 67.39 % from last quarter Total Income of Rs 4325.67 Crore and up 28.09 % from last year same quarter Total Income of Rs 5653.00 Crore. Company reported net profit after tax of Rs 1262.37 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 62.66 per cent stake in the company as of 30-Jun-2024, while FIIs owned 25.32 per cent, DIIs 4.54 per cent.