Varun beverages hit an all-time high; rallies 14% in last four trading sessions
Updated: 04 Nov 2022, 10:07 AM IST
TL;DR.On Tuesday, VBL reported a 53.34% rise in its consolidated net profit at Rs. 395.48 crore for the September ending quarter. VBL sales volumes in India grew by 22.1% in Q3 CY2022 to 148 million cases, and in international markets, volumes grew by 31.3% to 42 million cases.
After the solid Q3 show, domestic brokerage firm Motilal Oswal has raised its target price on Varun Beverages and maintained a 'buy' call with a target price of Rs. 1,330 per share.