VARUN BEV

VARUN BEV

CLSA ON VARUN BEV : 03.08.2021

* CLSA maintains OUTPERFORM call on Varun Beverages, target at Rs 833/sh
• In-line Earnings, Focussed On Improving Its Mix & Scale-up Of Launches
• Remain Positive Given Multiple Growth Levers
* MAINTAIN OUTPERFORM TARGET: 833