HSBC on Varun Beverages
Buy, TP cut to Rs 620
Weak 2Q vol priced in, but main question from investors is whether slowdown is seasonal or structural
Changing competitive dynamics healthy for growing soft drink market; VBL should sustain growth in line with industry
Buy, TP cut to Rs 620
Weak 2Q vol priced in, but main question from investors is whether slowdown is seasonal or structural
Changing competitive dynamics healthy for growing soft drink market; VBL should sustain growth in line with industry
