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Varun Beverages India Volume Growth Misses Estimates
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Varun Beverages stock falls 7% after India volume growth of 14.4% misses analyst expectations at 20%. Street anticipated a higher growth.
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Varun Beverages India Volume Growth Misses Estimates
In its Q2 results, Varun Beverages reported an India volume growth of 14.4%, below the expected 20%. The company's stock dropped by as much as 6.5% on Tuesday after this miss. Analysts had predicted a stronger performance for the quarter. This news comes amid concerns over overall market sentiment and HUL's Q1 volume decline and profit miss.
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