Varun Beverages shares down 1.53% as Nifty gains
Varun Beverages Ltd. traded 1.53 per cent down in Monday's trade at 01:14PM (IST). Around 53,781 shares changed hands on the counter.
The scrip opened at Rs 1113.95 and touched an intraday high and low of Rs 1113.95 and Rs 1067.85, respectively, in the session so far. The stock of Varun Beverages Ltd. quoted a 52-week high of Rs 1130.15 and a 52-week low of Rs 550.0.
Total market cap of the Varun Beverages Ltd. stood at Rs 139403.84 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 3889.02 crore for the quarter ended 30-Sep-2023, down 31.2 per cent from previous quarter's Rs 5653.0 crore and down 22.02 per cent from the year-ago quarter's Rs 3187.24 crore.
The net profit for latest quarter stood at Rs 501.07 crore, up 31.5 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Sep-2023, domestic institutional investors held 2.22 per cent stake in the firm, while foreign institutional investors held 27.55 per cent and the promoters 63.1 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 69.75 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.
