Varun Beverages shares down 3.26% as Nifty gains
Varun Beverages Ltd. traded 3.26 per cent down in Tuesday's trade at 02:04PM (IST). Around 391,139 shares changed hands on the counter.
The scrip opened at Rs 1532.8 and touched an intraday high and low of Rs 1532.95 and Rs 1475.3, respectively, in the session so far. Shares of the company of Varun Beverages Ltd. quoted a 52-week high of Rs 1560.3 and a 52-week low of Rs 633.3.
Total market cap of the Varun Beverages Ltd. stood at Rs 193362.16 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 2676.8 crore for the quarter ended 31-Dec-2023, down 31.17 per cent from previous quarter's Rs 3889.02 crore and down 20.39 per cent from the year-ago quarter's Rs 2223.48 crore.
The net profit for latest quarter stood at Rs 131.97 crore, up 76.55 per cent from the same quarter a year ago.
Shareholding pattern As of 31-Dec-2023, domestic institutional investors held 2.31 per cent stake in the company, while foreign institutional investors held 26.58 per cent and the promoters 63.09 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 94.05 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.
(You can now
