Thnaks for sharing the article. Many things in the article are very educative, but comparing with Turkey companies valuations may not be appropriate. Turkey’s economic woes coupled with astonishing retail inflaton is well known. More over India’s untapped market with growing econmy plus income levels is destined to give better CAGR for the company. Also Varun beverages ventured into snack/chips, fruit juices. Having said all this what is the right PE that Vrun deserves…I am not sure.
Disclosure: Invested hence views are biased.
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