Operating leverage, product mix to offset raw material pressures, say brokerages
The management remains confident of delivering healthy volume growth in the medium to long-term on the back of strong demand momentum.
ITC, Varun Beverages, TVS Motor Company, Coromandel International and Hindustan Aeronautics can rally up to 25 per cent, technical charts suggest
"This settlement order disposes of the aforesaid adjudication proceedings initiated against the applicant viz. Ravi Kant Jaipuria vide SCN... dated December 21, 2021," Sebi said in its order.
VBL is expected to benefit from a strong recovery going forward, led by growing out-of-home consumption, with the opening up of offices and traveling, uptick in volumes in new territories
The tribunal order followed a complaint by a resident of Ghaziabad against the bottling units saying that they had not obtained NOC from the Central Ground Water Authority
On the back of an improving demand environment, the management remains confident of delivering healthy volume growth in the medium to longer term
Varun Beverage is the second largest bottling company of PepsiCo's beverages in the world outside the US
Demand for soft drinks and ice-creams has reportedly touched a five-year high, with the early onset of summer and rise in mobility.
Gains expected on the back of rising out-of-home consumption after two years of sluggish performance
The impact of rising raw material prices is a near term concern
One year forward valuations at 40 times earnings are at a substantial discount to FMCG peers
Varun Beverages Ltd, on Monday reported over two-fold jump in consolidated net profit at Rs 318.80 crore for second quarter ended June 30, 2021, helped by volume growth and cost-optimization measures.
Its total income during the quarter under review stood at Rs 2,275.60 crore, up 31.96 per cent from the same period a year ago
Amid restrictions, the company is banking on higher in-home consumption, new launches to drive sales
Volume recovery, expansion in new geographies and debt reduction are key positives
Ebitda increased by 48.8 per cent to Rs 172.23 crore from Rs 115.74 crore reported in Q4CY20. Ebitda margins, too, improved by 346 bps in Q42020
Bunching up of festive season in Q4CY20, resumption of public transport aiding on-the-go consumption, continuing in-home consumption trend bode well for the firm going forward
Though out-of-home consumption is still under pressure due to the coronavirus pandemic, rising in-house consumption of carbonated soft drinks (CSD) is partly reducing the pressure on overall volumes
Besides good business recovery, improved margin outlook boost investor sentiment