India's Varun Beverages gains on Q2 profit beat

Varun Beverages

29/07/2025 09:36

** Varun Beverages VARB.NS gains 4% to 506.5 rupees

** Pepsi India bottler's Q2 consol net profit rises to 13.17 bln rupees ($151.7 mln), ahead of analysts' estimate of 11.30 bln rupees, per data compiled by LSEG

** Co beats estimates as cost control measures helped offset damp bottled beverage sales exacerbated by early monsoon rains

** Stock set to rise most in a session since May 23

** More than 17.5 mln shares traded, 2.2x the 30-day moving avg

** Stock rated "buy" on avg; median PT is 600 rupees, per data compiled by LSEG

** YTD, VARB falls ~21%

($1 = 86.8110 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))