Varun Beverages Ltd. saw its share price drop by 3.65%, bringing it down to Rs 628.45 during Monday trading at 01:38 PM (IST). The highest price for the day was Rs 645.85, while the lowest was Rs 627.10. In the last trading session, the stock was at Rs 652.30.
So far today, there have been many shares traded with a total turnover of Rs 12.78 crore on the BSE. The company’s price-to-earnings (P/E) ratio is 83.76, meaning investors believe the company will grow in the future, and they are willing to pay more for its current earnings. Also, the price-to-book (P/B) ratio of 23.16 shows how much investors think the company is worth, even if it doesn’t grow.
Varun Beverages Ltd. operates within the FMCG (Fast-Moving Consumer Goods) Food & Beverages industry. As of September 30, 2024, promoters owned 62.66% of the company. Foreign Institutional Investors (FIIs) had a share of 24.18%, and domestic investors owned 4.93%.
Looking at the company’s financial health, Varun Beverages reported consolidated sales of Rs 4828.93 crore for the quarter ending September 30, 2024. This is down by 33.31% compared to the previous quarter, which saw Rs 7240.89 crore. However, sales are up by 24.17% from the same time last year when they were Rs 3889.02 crore. The company earned Rs 619.61 crore this quarter, which is 23.66% more than last year’s quarterly earnings.
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