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This beverages firm seeks to defy Covid impact, earns re-ratings too
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Ahead of the peak season, the company is preparing to deal with uncertainties and is likely to fare better versus last season, which had been marred by a total lockdown.
Agencies
Dalal Street analysts seem to believe in that thesis and the company’s ability to do so.
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NEW DELHI: You can least expect people dealing with a pandemic and locked in their homes to drive sales of soda and fruit juice.
But that is exactly where
Varun Beverages has a contrarian projection. The company that bottles Pepsi, Gatorade and Tropicana in India, expects to come out of the pandemic’s second wave virtually unscathed, riding on at-home consumption and better volume growth in the rural belt.
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