Motilal Oswal Financial Services has suggested buying shares of Varun Beverages Ltd. with a target price of Rs 1900. Currently, the market price of Varun Beverages Ltd. stands at Rs 1627.6.
Company Overview
Varun Beverages Ltd. was founded in 1995 and operates as a large-cap company in the FMCG sector, with a market capitalization of Rs 211,529.41 crore.
Financial Performance
For the quarter ending March 31, 2024, Varun Beverages reported a consolidated total income of Rs 4,325.67 crore, marking a significant increase of 61.60% from the previous quarter and 10.83% from the same quarter last year. The company’s net profit after tax for the latest quarter stood at Rs 548.14 crore.
Ownership Structure
As of June 30, 2024, promoters hold 62.66% stake in Varun Beverages, while FIIs own 25.32% and DIIs own 4.54%.
Motilal Oswal’s recommendation underscores optimism about Varun Beverages’ growth prospects in the market.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
