BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Emkay maintains "Buy" on Varun Beverages
Sustained double-digit volume growth trends in CY 2020-21 (barring Covid-hit April-May 2020-21) reflect strong on-the-ground execution, which augurs well for the upcoming March-June 2021-22 season. We largely maintain our ahead-of-consensus estimates and see scope for consensus upgrades with consistent strong execution by Varun Beverages. Maintain 'Buy' with a revised target price of Rs 1,150.