Analysts from JP Morgan, CLSA, Nomura, and Citigroup have issued positive ratings on Indian stocks Bajaj Finance, Varun Beverages, Nykaa, and Jubilant Foodworks, citing strong growth prospects, strategic partnerships, and margin expansion potential.
Varun Beverages Ltd. (VBL) has extended its exclusive bottling and trademark license with PepsiCo Inc. in India until April 30, 2049, replacing the prior 2039 expiry. Crucially, VBL is now free to pursue businesses outside PepsiCo operations.
Varun Beverages Ltd (VBL), PepsiCo's largest franchise bottler, reported 16.3% sales volume growth in Q1 2026 with revenue rising 18.1% to Rs 6,574 crore. The company achieved 14.4% volume growth in India and 21.4% in international territories including Africa. VBL completed the acquisition of Twizza in South Africa and plans to acquire Crickley Dairy, betting on African market expansion and capacity investments to drive future growth.
