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varun beverages shares: Varun Beverages shares jump over 3% on strong Q4. What brokerages say?

VBL which follows the January-December calendar reported its Q42023 profit after tax (PAT) jump by 76% year-on-year (YoY) to Rs 143.80 crore with revenue growth in the October-December quarter at 21% YoY to Rs 2,667.70 crore. The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) was higher by 36% YoY to Rs 418.30 crore. ....

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Varun Beverages share price: Varun Beverages surges 18% on South African deal worth Rs 1,320 crore

BevCo is engaged in the business of manufacturing and distribution of licensed PepsiCo Inc/ own-branded non-alcoholic beverages in South Africa BevCo has franchise rights from PepsiCo Inc. in South Africa, Lesotho, and Eswatini. Further, it also has distribution rights for Namibia and Botswana. ....

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