CLSA gives Varun Beverages High Conviction Outperform with ?654 target, citing CALPIS launch in India.
The partnership with Asahi uses VBL's manufacturing, cold-chain, and distribution strengths for the RTD beverage.
Asahi Group partners with Varun Beverages to launch Calpis in India.
The deal leverages Varun's production and distribution scale for market expansion.