While health considerations play a role in buying decisions, taste often takes precedence. Thus, even snacks like chips, which aren t typically seen as healthy, maintain strong sales
Since its results, the stock of bottling and beverage distribution company Varun Beverages (VBL) is up 7 per cent on the back of a strong 2022-23 January-March quarter performance, robust outlook, and revision in profit estimates.
Given the sharp uptick, it is now part of the trillion-rupee club, with its market capitalisation at Rs 1.01 trillion.
The stock is one of the best performers in the consumer space as well as the S&P BSE 200, of which it is a constituent.
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