Share price of Varun Beverages falls as Sensex gains 58.57 points

Share price of Varun Beverages Ltd. dropped 0.66 per cent to Rs 1424.1 at 01:14PM (IST) in Thursday's trade. The stock hit a high of Rs 1446.0 and low of Rs 1413.8 so far during the session. The stock had closed at Rs 1433.6 in the previous session.

The counter had a total traded volume of 01:14PM shares so far with a turnover of Rs 3.81 crore on BSE. The stock traded at a price-to-earnings multiple of 90.23 and a price-to-book ratio of 23.16.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.


The 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.

Promotor/FII Holding
Promoters held 63.09 per cent stake in the company as of 31-Dec-2023, while FIIs and domestic institutional investors ownership stood at 26.58 per cent and 3.58 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 2676.8 crore for the quarter ended 31-Dec-2023, down 31.17 per cent from the previous quarter's Rs 3889.02 crore and down 20.39 per cent from the year-ago quarter's Rs 2223.48 crore.

Its profit for the latest quarter stood at Rs 131.97 crore, up 76.55 per cent from the same quarter a year ago.