The stock opened at Rs 1,512.95 and touched an intraday high and low of Rs 1,531.0 and Rs 1,509.0 respectively in the session so far. The company’s shares Varun Beverages Ltd.. traded at a 52-week high of Rs 1707.1 and a 52-week low of Rs 828.2.
According to BSEthe total market capitalization of the Varun Drinks Ltd. stood at Rs 1,98,586.98 crore at the time of writing this report.
Key financial data
The company reported consolidated sales of Rs 7,240.89 crore for the quarter ended June 30, 2024, up 67.39 per cent from Rs 4,325.67 crore in the previous quarter and up 28.09 per cent from Rs 5,653.0 crore in the year-ago quarter.
Net profit for the last quarter stood at Rs 1,252.6 crore, up 26.04 per cent over the corresponding quarter last year.
Shareholding pattern
As of June 30, 2024, IIFs held 2.42 percent stake in the company, while foreign institutional investors held 25.32 percent and promoters held 62.66 percent.
Valuation ratio
As per BSE data, the stock was trading at a price-earnings multiple of 81.96 and a price-to-book ratio of 23.16. A higher price-to-earnings ratio shows that investors are willing to pay a higher price due to better expectations of future growth. The price-to-book ratio indicates the inherent value of a company and is the measure of the price that investors are willing to pay even if there is no growth in the business.
Varun Drinks Ltd. belongs to the food and beverage FMCG industry.
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