Buy Varun Beverages, target price Rs 1900: Motilal Oswal
Varun Beverages Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 211529.41 Crore) operating in FMCG sector.
Motilal Oswal Financial Services has buy call on with a target price of Rs 1900.0. The current market price of . is Rs 1627.6 .Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 211529.41 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 31-03-2024, the company reported a Consolidated Total Income of Rs 4325.67 Crore, up 61.60 % from last quarter Total Income of Rs 2676.80 Crore and up 10.83 % from last year same quarter Total Income of Rs 3903.11 Crore. Company reported net profit after tax of Rs 548.14 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.
Source: Stocks-Markets-Economic Times
