The market capitalisation (m-cap) of Varun Beverages (VBL) has crossed the Rs one trillion mark with the latest bull run in its stock prices.
In 2023, its stocks accumulated about 20 per cent returns on a cumulative basis, hitting highs. Data showed that they rose by 125 per cent in the past year. At the time of writing this report, the company’s m-cap was at Rs 10.02 trillion (Rs 102,529 crore). The shares were trading at Rs 1,580.
Varun Beverages produce and distribute a wide range of carbonated soft drinks and a large selection of non-carbonated soft drinks, including packaged drinking water.
Brands sold by the beverage firm include Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Seven-Up Nimbooz Masala Soda, Evervess Soda, Duke’s Soda and Sting.
Varun Beverages has 30 manufacturing plants in India. (ANI)
