UBS initiates coverage on Trent, Varun Beverages, Devyani International, Tata Consumer, United Breweries, Sapphire Foods—check out target prices

Consumption stocks in India: What does UBS make of the consumer sector in India? According to UBS, a global firm providing financial services, premiumisation, and indulgence are redefining India’s food and beverage consumption. Highlighting India Quick Service Restaurant (OSR) set for multi-decadal growth, the brokerage preferred Sapphire on valuation, sees an upside potential of over 30 per cent.

Here's what UBS makes of consumer sector in India; check the latest target price:

United Breweries share price target

UBS initiated coverage with a 'buy' on Bengaluru-headquartered United Breweries, a manufacturer of beer and non-alcoholic beverages, with a base target of Rs 2,000. According to the brokerage, the company's growth is to meet India's untapped beer demand.

Devyani International share price target

UBS initiated coverage with a 'buy' on Devyani International Ltd, a quick service restaurant (QSR) operator with a base target of Rs 190.

Sapphire Foods share price target

The brokerage initiated coverage with a 'buy' and a base target of Rs 1,800 on Sapphire Foods India. The brokerage sees an upside potential of 31.5 per cent from the previous close.

Tata Consumer share price target

UBS has initiated coverage with a 'neutral' rating on Tata Consumer Products. The brokerage has placed the base target at Rs 1,350 on the Tata group consumer products company, whose popular brands include Tata Tea, Tetley, Tata Salt, Eight O'Clock Coffee, and Himalayan Water.

Varun Beverages share price target

The brokerage initiated coverage with a neutral rating on Varun Beverages Ltd, PepsiCo's largest franchise bottler with a base target of Rs 1,550.

Trent share price target

The brokerage has initiated coverage on Tata group's retailer and hypermarket operator, Trent, with a 'neutral' rating. The brokerage has placed a base target of Rs 4,400 on Mumbai-headquartered Trent.