Strong volume growth drives sales

Company
11 Mar 2024
5 Min read 
  • Varun Beverages reported a revenue growth of 21% YoY in 4QCY23.
  •  The growth was driven by strong volume growth and high realization.
  •  The company expects strong growth in Gatorade, Juice, and value-added dairy segment.
  •  The company has increased its capacity and distribution reach.
  •  The stock has a buy rating with a target price of INR1,500.
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