Varun Beverages hits record high on strong demand for soft drinks

Demand for soft drinks and ice-creams has reportedly touched a five-year high, with the early onset of summer and rise in mobility.

Shares of Varun Beverages hit a record high of Rs 1,055, up 4 per cent on the BSE in Monday’s intra-day trade as reports suggested that demand for soft drinks and ice-creams has touched a five-year high, with the early onset of summer and rise in mobility.

An improved power supply in villages, stable prices, return of push-cart workforce to cities, and revival of business and leisure travel have seen strong demand for soft drinks and ice creams, the Economic Times reported.

Varun Beverages is a key player in the beverage industry and one of the largest franchisee