Varun Beverages IPO – Jump in profits – What are the hidden factors?

Delhi based, the Varun Beverages IPO would open for subscription on 26th October, 2016. Varun Beverages Ltd is a franchisee of carbonated soft drinks (CSD’s) and non carbonated beverages (NCB’s) sold under trademarks owned by PepsiCo in India and internationally. The company has been running in losses in FY13 and FY14 and generated profits of 2.6% in FY15. However, for

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