Motilal Oswal has given Buy on the stock with a revised price target (PT) recommendation for Varun Beverages with a target price of Rs. lal Oswal is bullish on Varun Beverages has recommended buy on the stock with a revised price target (PT) of Rs. 1,175 in its research report issued on Feb 03, 2022

Outlook

We maintain our earnings estimates for CY22E/CY23E as the growth trajectory is expected to continue with the opening up of business operations and traveling activity, coupled with strong support from newly launched products. We maintain a Buy rating with TP of INR 1,175.

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