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Citi Initiates ‘Buy’ on Varun Beverages with ₹800 Target, Highlights Strong Growth Potential

Citi Initiates ‘Buy’ on Varun Beverages with ₹800 Target, Highlights Strong Growth Potential
Kanika Sharma
Geopolitical Analyst & Editor
Published: 1 min read
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Citi has initiated a “Buy” rating on Varun Beverages with a target price of ₹800.

The company has a strong market position in India and growth potential in the soft drinks segment.

Its Go-To-Market strategies and ability to create new product categories are key strengths.

Varun Beverages is expected to benefit from expanding its reach into new geographic areas.

In the medium term, access to new territories in Africa could be a positive driver for growth.

Revenue and EPS are projected to grow at a CAGR of 23% and 29% respectively from 2023 to 2026.

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Kanika Sharma
Geopolitical Analyst & Editor

Kanika Sharma

Kanika Sharma is a Geopolitical Analyst and Editor at BigBreakingWire. She holds a Master's degree in History from the Central University of Punjab, with an academic background in qualitative research, text analysis, and historical frameworks. At BigBreakingWire, she analyzes global trade shifts, international policies, geopolitical developments, semiconductor supply chains, manufacturing policies, and sovereign industrial initiatives. Her work combines historical context with contemporary policy and macroeconomic analysis to explain complex global developments clearly and accurately.

Last reviewed by Kanika Sharma on October 4, 2024

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