Varun Beverages shares down 1.32% as Nifty gains
Varun Beverages Ltd. traded 1.32 per cent down in Wednesday's trade at 02:12PM (IST).
Around 91,066 shares changed hands on the counter.
The scrip opened at Rs 916.95 and touched an intraday high and low of Rs 916.95 and Rs 890.05, respectively, in the session so far. Shares of the company of Varun Beverages Ltd.
quoted a 52-week high of Rs 934.5 and a 52-week low of Rs 454.0.
As per BSE, the total market cap of the Varun Beverages Ltd. stood at Rs 116279.21 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 5653.0 crore for the quarter ended 30-Jun-2023, up 44.83 per cent from previous quarter's Rs 3903.11 crore and up 13.85 per cent from the year-ago quarter's Rs 4965.29 crore.
The net profit for latest quarter stood at Rs 993.81 crore, up 26.21 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Jun-2023, domestic institutional investors held 2.37 per cent stake in the company, while foreign institutional investors held 26.71 per cent and the promoters 63.62 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 61.89 and a price-to-book ratio of 16.84.
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.
