RADICO KHAITAN LTD.
Ventura
Innovation and premiumization success demand a premium
Summary | Date | Stock | Author | LTP | Target | Price at reco (Change since reco%) |
Upside(%) | Type | Report | Discuss | |
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21 Mar 2025 | Radico Khaitan |
Ventura
|
2428.70 | 3632.00 | 2307.70 (5.24%) | 49.55 |
Buy
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18 Mar 2025 | Varun Beverages |
Asit C Mehta Investment Interrmediates
|
519.60 | 625.00 | 532.50 (-2.42%) | 20.28 |
Buy
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Eyes on territory expansion
Asit C Mehta Investment Interrmediates
We initiate coverage on Varun Beverages Ltd. with a “BUY” rating. We like the company for its demonstrated execution capabilities in India, further headroom for distribution expansion in India, continued territorial expansion in Africa, international margin improvement and strengthening ties with PepsiCo.
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17 Mar 2025 | Varun Beverages |
KRChoksey
|
519.60 | 657.00 | 507.25 (2.43%) | 26.44 |
Buy
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Annual Report Round-Up
KRChoksey
Varun Beverages Limited (VBL) delivered a robust performance in CY24, driven by organic volume expansion, an improved product mix, and contributions from recent acquisitions. Consolidated sales volume grew by 23.2% YoY, while net realization per case increased by 1.3% YoY, leading to a 24.7% YoY rise in revenue and a 25.3% YoY growth in PAT.
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11 Mar 2025 | Colgate-Palmolive |
Geojit BNP Paribas
|
2543.50 | 2730.00 | 2458.40 (3.46%) | Target met |
Accumulate
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11 Mar 2025 | Tata Consumer |
Geojit BNP Paribas
|
1153.90 | 1067.00 | 959.85 (20.22%) | Target met |
Buy
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20 Feb 2025 | ITC |
Geojit BNP Paribas
|
425.60 | 449.00 | 402.05 (5.86%) | 5.50 |
Buy
|
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20 Feb 2025 | Nestle |
Geojit BNP Paribas
|
2341.40 | 2390.00 | 2206.75 (6.10%) | Target met |
Hold
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17 Feb 2025 | Marico |
Sharekhan
|
701.60 | 780.00 | 624.75 (12.30%) | 11.17 |
Buy
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14 Feb 2025 | United Breweries |
Motilal Oswal
|
2149.90 | 2000.00 | 2040.60 (5.36%) | Target met |
Neutral
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12 Feb 2025 | Varun Beverages |
KRChoksey
|
519.60 | 657.00 | 534.50 (-2.79%) | 26.44 |
Buy
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Strong volume growth led by International expansion
KRChoksey
• For Q4CY24, VBL’s total revenue increased 39.8% YoY (-22.6% QoQ) to INR 38,176 Mn, beating our estimates.
• The consolidated sales volume grew by 38.1% to 215 Mn cases from 155 Mn cases on a YoY basis. This includes 43.0 Mn cases from South Africa and 7.8 Mn cases from DRC during the current quarter. |
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