Varun Beverages: A Beneficiary Of Rising In-Home Consumption, Says ICICI Securities 
Cans of PepsiCo Inc. soda are arranged for a photograph in Shelbyville, Kentucky, U.S. (Photographer: Luke Sharrett/Bloomberg)

Varun Beverages: A Beneficiary Of Rising In-Home Consumption, Says ICICI Securities 

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.

ICICI Securities Report

Post our latest interaction with the management and channel checks, we note -

1. in-home consumption remains strong even after lifting of lockdown and travel restrictions. Increase in in-home consumption is a structural growth opportunity for Varun Beverages Ltd. and the company is focusing on 1.25 litre stock keeeping unit to capture it,

2. there were no changes in prices of beverages as there is negligible inflation in input prices and

3. the disruption in North India due to farmers protest and early onset of winter season has impacted consumption of beverages in December 2020 (a transitory impact).

Click on the attachment to read the full report:

ICICI Securities Varun Beverages Company Update.pdf


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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.