Varun Beverages shares down 3.96% as Nifty drops

NEW DELHI: Shares of Varun Beverages Ltd. traded 3.96 per cent down in Thursday’s trade at 02:10PM (IST). Around 533,069 shares changed hands on the counter.

The scrip opened at Rs 586.65 and touched an intraday high and low of Rs 602.1 and Rs 585.85, respectively, in the session so far. Shares of the company of Varun Beverages Ltd. quoted a 52-week high of Rs 682.84 and a 52-week low of Rs 331.28.

As per BSE, the total market cap of the Varun Beverages Ltd. stood at Rs 191342.6 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 7240.89 crore for the quarter ended 30-Jun-2024, up 67.39 per cent from previous quarter’s Rs 4325.67 crore and up 28.09 per cent from the year-ago quarter’s Rs 5653.0 crore.

The net profit for latest quarter stood at Rs 1252.6 crore, up 26.04 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2024, DIIs held 2.42 per cent stake in the company, while foreign institutional investors held 25.32 per cent and the promoters 62.66 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 78.97 and a price-to-book ratio of 23.16. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Varun Beverages Ltd. belongs to the FMCG Food & Beverages industry.

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Varun Beverages shares down 3.96% as Nifty drops

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