Varun Drinks Share Worth: Varun Drinks shares up 0.62% as Nifty positive factors

NEW DELHI: Shares of Varun Drinks Ltd. traded 0.62 per cent up in Thursday’s commerce at 12:12PM (IST). Round 38,128 shares modified arms on the counter.

The scrip opened at Rs 925.95 and touched an intraday excessive and low of Rs 937.55 and Rs 920.1, respectively, within the session up to now. Shares of the corporate of Varun Drinks Ltd. quoted a 52-week excessive of Rs 979.15 and a 52-week low of Rs 516.35.

As per BSE, the full market cap of the Varun Drinks Ltd. stood at Rs 120170.12 crore on the time of penning this report.

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

The online revenue for contemporary quarter stood at Rs 993.81 crore, up 26.21 per cent from the identical quarter a 12 months in the past.

Shareholding sample
As of 30-Sep-2023, DIIs held 2.22 per cent stake within the firm, whereas overseas institutional buyers held 27.55 per cent and the promoters 63.1 per cent.
Valuation ratio
Based on BSE information, the inventory traded at a price-to-earnings a number of of 63.97 and a price-to-book ratio of 16.84. The next P/E ratio reveals buyers are prepared to pay a better value due to higher future progress expectations. Worth-to-book worth signifies the inherent worth of an organization and is the measure of the value that buyers are able to pay even for no progress within the enterprise.

Varun Drinks Ltd. belongs to the FMCG Meals & Drinks business.

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