Varun Beverages shares down 0.69% as Nifty gains
Varun Beverages Ltd. traded 0.69 per cent down in Monday's trade at 01:33PM (IST). Around 24,731 shares changed hands on the counter.
The scrip opened at Rs 1500.0 and touched an intraday high and low of Rs 1501.15 and Rs 1475.95, respectively, in the session so far. The stock of Varun Beverages Ltd. quoted a 52-week high of Rs 1560.3 and a 52-week low of Rs 754.35.
As per BSE, the total market cap of the Varun Beverages Ltd. stood at Rs 194910.56 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 4406.33 crore for the quarter ended 31-Mar-2024, up 64.61 per cent from previous quarter's Rs 2676.8 crore and up 12.89 per cent from the year-ago quarter's Rs 3903.11 crore.
The net profit for latest quarter stood at Rs 537.27 crore, up 25.22 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Mar-2024, DIIs held 2.26 per cent stake in the firm, while foreign institutional investors held 25.78 per cent and the promoters 62.91 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 90.06 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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