Varun Beverages soars 12% in 3 days, nears record high on strong Q3 results

Going ahead, VBL expects double-digit volume growth to continue, led by 5-10 per cent annual outlet expansion and growth in revenue per outlet

Shares of Varun Beverages (VBL) rallied 5 per cent to Rs 1,180 on the BSE in Thursday’s intra-day trade. In the past three days, the stock of the beverage company has surged 12 per cent after the company reported a strong set of numbers for the third quarter ended September 2022 (Q3CY22). It was trading close to its record high level of Rs 1,194.80, which it had touched on September 22, 2022. In comparison, the S&P BSE Sensex was down 0.08 per cent at 60,856 points at 10:00 AM.

VBL is a key player in the beverage industry, and