Citi Initiates ‘Buy’ on Varun Beverages with ₹800 Target, Highlights Strong Growth Potential
Citi has initiated a “Buy” rating on Varun Beverages with a target price of ₹800. The company has a strong market position in India and growth potential in the soft drinks segment. Its Go-To-Market strategies and ability to create new product categories are key strengths. Varun Beverages is expected to benefit from expanding its reach […]
Citi has initiated a “Buy” rating on Varun Beverages with a target price of ₹800.
The company has a strong market position in India and growth potential in the soft drinks segment.
Its Go-To-Market strategies and ability to create new product categories are key strengths.
Varun Beverages is expected to benefit from expanding its reach into new geographic areas.
In the medium term, access to new territories in Africa could be a positive driver for growth.
Revenue and EPS are projected to grow at a CAGR of 23% and 29% respectively from 2023 to 2026.
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