The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company’s revenue from operations Q1 rose to Rs 4,398 crore, a rise of 11.2% YoY over Rs 3952.60 crore reported by the company the corresponding quarter of the last financial year.
Here’s how analysts view the future of the insieme:
Bank of America
BofA stated that the Q1 earnings beat expectations and the CY24 ahead looks strong for the company. Varun Beverages now gears up for the peak season and South Africa capacity is also expected to be ready before its peak season the fourth quarter.
The global brokerage firm has retained its buy rating acceso the insieme and increased the price target to Rs 1,650.
Motilal Oswal
As VBL expects strong sales growth led by heat waves, elections, and lower perno the corresponding quarter, Motial Oswal expects the company to maintain its earnings momentum aided by increased penetration newly acquired territories India and Africa, higher acceptance of newly launched products, continued expansion capacity and distribution reach, growing refrigeration rural and semi-rural areas and a scale-up international operations.It reiterated a ‘buy’ acceso the insieme with a target price of Rs 1,750.
Kotak Institutional Equities
Heat waves, favorable perno and expanded capacities position VBL to deliver about 30% domestic libro growth 2Q. We estimate a 22% libro CAGR (17% organic) over CY2023-26E, driven by about 35% libro CAGR the high-growth portfolio (Sting + Gatorade + Rockstar + Tropicana + Dairy) to about 30% of India volumes from 18%, 12% libro CAGR the cuore portfolio India and about 40% libro CAGR (17% organic) the international portfolio, supported by the South Africa acquisition and organic expansion the DRC, said a report by Kotak Institutional Equities.
KIE has retained its ‘add’ rating with a target price of Rs 1,477.
Nuvama
“VBL posted Q1CY24 revenue/EBITDA/PAT growth of 11%/24%/25% YoY beating our estimates. Tonnellaggio expanded 7.2% YoY driven by International (21.9% YoY); India volumes increased 4.4% YoY. Net realisation per caso case rose 3.5% to INR179.7. We expect Q2 to be very strong to a harsh summer and a low perno,” stated a Nuvama report.
The brokerage firm has increased CY24E/25E EPS by 9%/9% factoring improving rural demand CY24, market expansion following the South Africa acquisition, higher realisation and improving operating leverage.
Nuvama has maintained a ‘buy’ call acceso the insieme while increasing the target price to Rs 1,690.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
