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    Buy Varun Beverages, target price Rs 1220: Emkay Global

    Synopsis

    Varun Beverages Ltd. key Products/Revenue Segments include Beverages, Other Operating Revenue, Other Services for the year ending 31-Dec-2021.

    buy sellGetty Images
    Promoters held 63.9 per cent stake in the company as of 30-Sep-2022, while FIIs owned 23.93 per cent, DIIs 4.42 per cent.
    Emkay Global has buy call on Varun Beverages with a target price of Rs 1220. The current market price of Varun Beverages Ltd. is Rs 1052.55.

    Varun Beverages Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 67004.29 Crore) operating in FMCG sector.

    Varun Beverages Ltd. key Products/Revenue Segments include Beverages, Other Operating Revenue, Other Services for the year ending 31-Dec-2021.


    Financials
    For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 4965.29 Crore, up 75.08 % from last quarter Total Income of Rs 2835.98 Crore and up 98.02 % from last year same quarter Total Income of Rs 2507.45 Crore. Company reported net profit after tax of Rs 802.01 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 63.9 per cent stake in the company as of 30-Sep-2022, while FIIs owned 23.93 per cent, DIIs 4.42 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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