Varun Beverages, a part of the RJ Group, is an India based franchisee of
carbonated soft drinks (“CSDs”) and non-carbonated beverages (“NCBs”) sold
under trademarks owned by PepsiCo.Going forward, the company’s sales and profits
are expected to bolster on account of: 1) Cost savings from backward integration
to widen margins 2) Addition of premium products to portfolio.On account of all the mentioned growth factors we suggest Buy.

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