Varun Beverages - Analysing The Impact Of Second Covid-19 Wave: ICICI Securities
Bottles of Pepsi Max travel along the production line.  (Photographer Chris Ratcliffe/Bloomberg).

Varun Beverages - Analysing The Impact Of Second Covid-19 Wave: 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

Varun Beverages Ltd. is better prepared to tackle the impact of second wave of Covid-19 in 2021 than it was in 2020.

The company has aggressively invested in driving in-home consumption over the past year and has also introduced 1.25 litre stock-keeping units.

It is also relatively better prepared now in terms of logistics and distribution.

In the event of another strict lockdown, volume offtake will be materially impacted. However, if lockdowns are only on weekends, the impact on volumes will be much less, and it will be negligible in case of night lockdown.

Click on the attachment to read the full report:

ICICI Securities Varun Beverages Covid 2 Impact.pdf

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