Pepsi India bottler Varun Beverages set for biggest 2-day fall in over 6 months

Varun Beverages

05/09/2025 11:03

** Shares of Varun Beverages VARB.NS sink 9% over two sessions, their biggest such decline since late February

** Pespi India bottler's stock dips 3.7% on Friday; it fell 5.7% on Thursday after effective tax on sugary carbonated drinks was unchanged at 40%

** Still, Nomura said it does not see any impact for carbonated beverage companies

** 22 analysts covering VARB have a "buy" rating on avg; median PT is 595 rupees - data compiled by LSEG

** YTD, stock down 27%, the biggest loser on FMCG index .NIFTYFMCG

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com))