Improved earnings visibility, debt pruning boost shares of Varun Beverages

Volume recovery, expansion in new geographies and debt reduction are key positives

Topics
Varun Beverages | Varun Beverages shares | PepsiCo

Yash Upadhyaya  |  Mumbai 

Shares of Varun Beverages (VBL), which bottles and distributes PepsiCo’s range of beverages in India and a few others countries, are up more than 19 per cent in the last one week as investors bet on the company’s improving earnings outlook post the strong beat in December quarter (Q4). Varun Beverages follows January to December accounting year.

Net sales rose nine per cent year-on-year in Q4 to Rs 1,331 crore as compared to consensus estimate of Rs 1,294 crore. This was led by a healthy six per cent growth in volumes, which turned positive after two successive quarters of ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, February 22 2021. 18:47 IST
RECOMMENDED FOR YOU