** Goldman Sachs initiates coverage on Varun Beverages VARB.NS with "buy" and PT of 600 rupees
** Pepsi's PEP.O India bottler has multiple drivers to outperform the country's fast-growing ready-to-drink beverages market, says Goldman Sachs
** VARB's execution has led to Pepsi's market share in India growing to 38% in 2024, from 28% in 2015, making India one of Pepsi's top-performing markets worldwide - GS
** Stock trading 0.3% lower on the day
** Brokerage expects VARB to continue to gain market share in fast-growing segments like energy drinks and hydration
** Adds, entry of Reliance Consumer's 'Campa Cola' brand indicates no "disruptive" impact to VARB
** Average rating of 22 analysts on VARB is "buy"; median PT is 615 rupees - data compiled by LSEG
(Reporting by Kashish Tandon in Bengaluru)
((Kashish.tandon@thomsonreuters.com))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。