Varun Beverages has the majority of PepsiCo’s India operations consolidated, with bottling capacity investments ahead of the curve to drive consumer demand and has best-in-class EBITDA margin, according to the brokerage.
Varun Beverages has the majority of PepsiCo’s India operations consolidated, with bottling capacity investments ahead of the curve to drive consumer demand and has best-in-class EBITDA margin, according to the brokerage.