25x in returns, ₹25 lakh for every ₹1 lakh: Can Varun Beverages do it again?
For me, that stock is Varun Beverages. Varun Beverages went public in 2016 with a market capitalization of around ₹8,000 crore. Back then, its sales stood at about ₹4,000 crore, with net margins of just 5%. I got in early and held the stock for a couple of years. The investment doubled during that time—a…