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High conviction buy! Varun Beverages can rally over 28%, says Jefferies
High conviction buy! Varun Beverages can rally over 28%, says Jefferies
We expect the company to enjoy industry-leading growth in revenue and earnings. The balance sheet should continue to de-lever, and RoCE looks set to expand to 30% this year. Execution is top-notch with attractive industry opportunity-management guides for double-digit medium-term volume growth," it said.
We expect the company to enjoy industry-leading growth in revenue and earnings. The balance sheet should continue to de-lever, and RoCE looks set to expand to 30% this year. Execution is top-notch with attractive industry opportunity-management guides for double-digit medium-term volume growth," it said.
We expect the company to enjoy industry-leading growth in revenue and earnings. The balance sheet should continue to de-lever, and RoCE looks set to expand to 30% this year. Execution is top-notch with attractive industry opportunity-management guides for double-digit medium-term volume growth," it said. 
