Varun Beverages surges 5%, nears record high on strong growth outlook

The beverages' sector presents significant growth opportunities in the future, driven by deeper penetration into rural markets, an expanding demographic profile, and a growing middle-class population

Shares of Varun Beverages (VBL) surged 5 per cent to Rs 1,378.75 on the BSE in Wednesday's intra-day trade on strong growth outlook. The stock of the beverages company inched towards its record high level of Rs 1,432.05, touched on December 12, 2022.

VBL expects the Indian soft drink market to see significant growth as consumption is steadily anticipated to increase, driven by a variety of factors including, positive demographic characteristic, rapid urban growth and increasing earning, rise in average expenditures per household, rural development, and electrification.

With its vast manufacturing facilities and established distribution network, VBL manufactures,