Buy Varun Beverages; target of Rs 1550: Motilal Oswal

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Motilal Oswal's research report on Varun Beverages

Varun Beverages (VBL) posted robust revenue growth in 4QCY22, fueled by strong volume growth (up 18% YoY) and higher realization (up 9% YoY).  Gross margin improved 90bp YoY, despite the inflationary raw material environment, aided by higher realization and early stocking of key raw materials. Gross margin/unit case grew 10% YoY to INR94.4. EBITDA/unit case improved 26% YoY to INR23.3, supported by operating leverage.

Outlook

We largely maintain our CY23/CY24 earnings estimates and reiterate our Buy rating on the stock with a TP of INR1,550.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Varun Beverages - 08 -02 - 2023 - moti