Varun Beverages shares up 0.46% as Nifty gains

NEW DELHI: Shares of Varun Beverages Ltd. traded 0.46 per cent up in Thursday's trade at 11:16AM (IST). Around 12,342 shares changed hands on the counter.

The counter opened at Rs 1615.0 and touched an intraday high and low of Rs 1624.7 and Rs 1606.65, respectively, in the session so far. The stock of Varun Beverages Ltd. quoted a 52-week high of Rs 1673.7 and a 52-week low of Rs 785.0.

As per BSE, the total market cap of the Varun Beverages Ltd. stood at Rs 209814.72 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 4325.67 crore for the quarter ended 31-Mar-2024, up 61.6 per cent from previous quarter's Rs 2676.8 crore and up 10.83 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, domestic institutional investors held 2.26 per cent stake in the company, 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 96.95 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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