Varun Beverages exceeded market expectations in Q3CY24, driven by strong demand trends in key markets. The company's performance was boosted by higher realizations and robust EBITDA growth, despite challenges from excessive rainfall affecting rural volume growth.
Cost rationalization efforts have improved margins, and operations in Africa are running smoothly. Future growth will be driven by ongoing plant expansions and increased distribution efforts.
The market capitalization is ₹1,93,068 crore, with the stock currently priced at ₹594. Although valuations may seem high, the medium-term outlook remains positive due to strategic initiatives and favorable market conditions.