BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Varun Beverages Ltd. reported strong volume/revenue growth on the back of demand recovery across product segments and a lower base.
It reported a stable operating performance, albeit gross margin contraction, owing to sustainable cost optimisation measures implemented last year.
Q2 CY21 revenue/Ebitda/profit after tax came in above our estimates.
We increase our earnings estimates of Varun Beverages for CY21/CY22 by 29%/8%, on the back of:
better realisation on an improving product mix,
an increase in volumes on strong demand recovery, and
increasing traction in newly launched products.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR