Revenue from operations for Varun Beverages grew by 27.7 percent year-on-year to Rs 2,214 crore, while sales volumes grew 17.8 percent to 132 million cases in the December quarter

Varun Beverages, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 83538.58 Crore) operating in FMCG sector.

JPMorgan maintained an overweight rating on Tata Steel with a target price of Rs 140. “Large PAT loss was driven by inventory NRV hit in Europe,” JPMorgan said.

The company's revenue from operations grew by 27.7% YoY to Rs 2,214 crore in the December quarter of CY22. Meanwhile, the EBITDA increased by 48.1% to Rs 3,07.5 crore in Q4CY22 from Rs 207.6 crore in Q4CY21.Its sales volumes grew by 17.8% in the December quarter of the calendar year 2022 to 13.2 crore cases

After turning net buyers on the first day of February, Foreign portfolio investors (FPIs) have returned to old ways by selling shares worth Rs 932 crore on Friday, provisional data showed. DIIs on the other hand, net bought shares to the tune of Rs 1,264 crore.

We expect the company to enjoy industry-leading growth in revenue and earnings. The balance sheet should continue to de-lever, and RoCE looks set to expand to 30% this year. Execution is top-notch with attractive industry opportunity-management guides for double-digit medium-term volume growth," it said.

Varun Beverages stock has yielded impressive results in 2022, growing over 120 percent in the year. The stock has outperformed the Nifty FMCG index. The company has given positive returns to shareholders every single year since its listing in 2016.

"We should not worry about money flowing from india to China. In the end, this will sort itself out. We have to control ourselves like we are now being worried about the Budget, that the government will increase taxes on capital gains. If they do that then we will be shooting ourselves in the foot and can't blame anybody else but us, Nobody else in the world taxes foreign investors, nobody!"

From being the countrys biggest IPO, Paytm ended up being the biggest wealth destroyer over the past year. Amidst net losses, investors have increasingly shown discomfort over the complicated business model of the financial services company.

Varun Beverages was also in focus, climbing 3 percent to end at record closing high of Rs 1,410 and formed bullish candle on the daily charts. Also it has seen a break out of small horizontal resistance trend line adjoining December 5 and December 8.

Companies since early this year have grappled with skyrocketing commodity prices that not only hurt rural consumption and consequently sales volumes, but also the profitability

Market has definitely gone in an overbought zone, but still there is inherent strength witnessed on the daily chart. There is an Inverted Head and Shoulder pattern, which has a projected target of around 19,900-20,000 levels and after a short consolidation or correction can further regain strength.

The BSE Realty index clocked over 4% gains, being the top sectoral index gainer for the week.

Shares price of Varun Beverages (VBL) rallied over 10% in intraday trade on Wednesday to hit a fresh all-time high. The positive momentum resumed after the breakout of fortnightly consolidation with huge volume suggesting the strength of the trend. The histogram contracted on the downside to move towards the zero line, which leads to an upward slant.

“I will throw some weight on discretionary consumption which can be food and beverages or jewellery and watches and of course, what better play than Titan? Apart from it, not exactly discretionary but there are certain businesses that we like in the food & beverage space which is something like Varun Beverages.”

The changes in constituents for the MSCI global standard indices will take place on 30 November. These changes are expected to result in flows between $132 million and $ 207 million into these six stocks by the end of this month, according to an estimate by IIFL Alternative Research.

Due to temporary overbought conditions, we could see some profit booking at higher levels. However, the medium-term trend is still on the positive side unless it starts trading below Rs 1,100. Positional traders retain an optimistic stance and look for an upside of Rs 1,275-1,325.

The 52-week high is the highest price at which a stock has traded during the last year. Some traders and investors use this technical indicator as an important factor to analyse a stock's current value and to predict its future price movement.

“The festive season in Q4 is expected to further aid consumption trends in this calendar year. We are confident that we can sustainably deliver healthy volume growth across all product categories going forward and further strengthen our market position in the beverage industry.

Motilal Oswal is bullish on Varun Beverages recommended buy rating on the stock with a target price of Rs 1330 in its research report dated November 02, 2022.

ICICI Direct recommended hold rating on Varun Beverages with a target price of Rs 1235 in its research report dated November 01, 2022.

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

Consumer packaged-goods makers have reeled from COVID-19-led high costs of raw materials, including that of polyethylene terephthalate (PET) plastic used in packaging sodas, with the onset of the Russia-Ukraine war pushing expenses higher.

Sun Pharma, Adani Ports, TechM, UPL, Voltas, Varun Beverages, Chola Finance, UPL, Macrotech Developers, Max Healthcare, Kansai Nerolac and LIC Housing are among the companies that will announce their results for September 2022 quarter today.

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

Emkay Global Financial is bullish on Varun Beverages has recommended buy rating on the stock with a target price of Rs 1220 in its research report dated October 25, 2022.

"While we expect the volatility in the markets to continue in the near term as the US Fed continues its rate hikes, we believe that inflationary pressures should start easing off in H2CY2023 which will allow central banks to cut rates which will be positive for the markets. In such a scenario we will advise investors to use any near-term volatility in the markets to increase exposure to equities. We expect the markets to start on a new uptrend in CY2023 once inflation levels come down."

The inclusion of these stocks could bring inflows to the tune of $801 million, the research firm said

The companys robust growth is aided by wide distribution and attractive prices. Its newly launched segments-energy drink and dairy beverages are doing well, it said.

Motilal Oswal is bullish on Varun Beverages recommended buy rating on the stock with a target price of Rs 1230 in its research report dated October 11, 2022.

The companys robust growth is aided by wide distribution and attractive prices. Its newly launched segments-energy drink and dairy beverages are doing well, it said.