Pepsi India bottler Varun Beverages surges after Q2 profit jump
** Shares of Varun Beverages VARB.NS rise 5.2% to 477.3 rupees, their biggest intraday-pct gain in about a year ** Pepsi India bottler's Q2 net profit jumps ~20% Y/Y, boosted by higher sales in its international markets; rev up 2.3% ** Over 8.8 mln shares traded, nearly 2x the 30-day avg ** Stock rated "Buy" on avg; median PT 592 rupees - data compiled by LSEG ** Stock down 25% YTD (Reporting by Aleef Jahan) ((aleefjahan.cs@thomsonreuters.com))
Recent news on Varun Beverages
See all newsIndia's Varun Beverages rises as brokers note strategic benefit from Asahi tie-up
Brief: Varun Beverages Says Asahi Group Enters Alliance With Varun Beverages For Calpis Brand In India
Varun Beverages gains on extending India bottling deal with PepsiCo
Varun Beverages extends India bottling deal with PepsiCo by 10 years
Brief: Varun Beverages, Pepsico Enters Revised Exclusive Bottling Appointment, Trademark License Agreement For India