Multibagger stock Varun Beverages climbs nearly 4% after strong Q3 results; CLSA sees 23% upside
On the results, VBL Chairman Ravi Jaipuria said, "Despite the abnormally high unseasonal rains in the peak season, we are pleased to conclude CY2023 on a strong note. We witnessed a healthy double-digit volume growth in both Indian and international markets."
Revenue from operations was "driven by volume growth in both India and international markets," said the company in an earnings statement.