Share price of Varun Beverages jumps as Sensex drops 13.32 points

Share price of Varun Beverages Ltd. gained 1.14 per cent to Rs 928.35 at 12:48PM (IST) in Thursday's trade. The scrip hit a high of Rs 929.1 and low of Rs 910.15 so far during the session. The stock had closed at Rs 917.8 in the previous session.

The counter had a total traded volume of 12:48PM shares so far with a turnover of Rs 5.18 crore on BSE. The stock traded at a price-to-earnings multiple of 64.01 and a price-to-book ratio of 16.84.

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 63.1 per cent stake in the company as of 30-Sep-2023, while foreign investors and domestic institutional investors ownership stood at 27.55 per cent and 3.36 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 5653.0 crore for the quarter ended 30-Jun-2023, up 44.83 per cent from the previous quarter's Rs 3903.11 crore and up 13.85 per cent from the year-ago quarter's Rs 4965.29 crore.

Its profit for the latest quarter stood at Rs 993.81 crore, up 26.21 per cent from the same quarter a year ago.