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'Buy' Varun Beverages Maintains Motilal Oswal Factoring In Strong Fundamentals, Potential For Future Growth

Factoring in strong fundamentals and potential for future growth, the brokerage builds in 18%16%/27% revenue/Ebitda/PAT CAGR over CY24-26 and reiterate Buy rating for the stock.

<div class="paragraphs"><p>CY24 was a transformative year for Varun Beverages, marked by strong growth, global expansion, and unwavering sustainability commitments.</p><p>(Photographer: Vijay Sartape/NDTV Profit)</p></div>
CY24 was a transformative year for Varun Beverages, marked by strong growth, global expansion, and unwavering sustainability commitments.

(Photographer: Vijay Sartape/NDTV Profit)

Motilal Oswal expect Varun Beverages to maintain its growth momentum, aided by: 1) strengthening its foothold in Africa, 2) expanding into snacks to diversify its revenue stream, 3) investing in new greenfield facilities, and 4) focusing on new product launches.
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