Varun Beverages shares down 3.47% as Nifty drops

economictimes.indiatimes.com:

Varun Beverages Ltd. traded 3.47 per cent down in Monday's trade at 12:22PM (IST). Around 243,364 shares changed hands on the counter.
The counter opened at Rs 1521.0 and touched an intraday high and low of Rs 1549.5 and Rs 1500.0, respectively, in the session so far. The stock of Varun Beverages Ltd. quoted a 52-week high of Rs 1707.1 and a 52-week low of Rs 802.0.

As per BSE, the total market cap of the Varun Beverages Ltd. stood at Rs 197644.89 crore at the time of writing this report.
Key Financials The company reported consolidated 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 corresponding quarter last year.
Shareholding pattern As of 30-Jun-2024, domestic institutional investors 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 81.57 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.