Pepsi India bottler Varun Beverages falls on tax hike

Varun Beverages

04/09/2025 05:13

Corrects headline and second bullet point to clarify taxes on fizzy drinks were maintained, not raised

** Pepsi India bottler Varun Beverages VARB.NS falls 2% to 494 rupees

** India maintained an effective tax rate of 40% on carbonated drinks

** Stock rated "buy" on avg; median PT is 595 rupees, per data compiled by LSEG

** YTD, VARB falls 22.2%

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))