₹1396.1
2.37%
Low
Day's Volatility:2.86%
High
0.49%
50.76%
Low
52 Weeks Volatility:62.64%
High
11.88%
Returns % | |
1 Month Return | -0.06 % |
3 Month Return | 10.3 % |
1 Year Return | 94.15 % |
Market Stats | |
Previous Close | ₹1,397.95 |
Open | ₹1,369.75 |
Volume | 15.65L |
Upper Circuit | - |
Lower Circuit | - |
Market Cap | ₹1,81,650.14Cr |
based on 17 analysts
Based on 17 analysts offering long term price targets for Varun Beverages Ltd. An average target of ₹1503.12
Source: S&P Global Market Intelligence
Organisation | Varun Beverages Ltd |
Headquarters | Gurugram |
Industry | FMCG |
E-voting on shares | Click here to vote |
Key events for Varun Beverages Ltd
Global brokerage Morgan Stanley has initiated coverage on Varun Beverages with an overweight stance, assigning a price target of Rs 1701. Meanwhile, Axis Securities has set a target of Rs 1550 for the stock. Both brokerages expect strong growth momentum for the company due to normalcy of operations and market share gains in newly acquired territories post-COVID-19 disruptions.
Morgan Stanley Initiates Coverage on Varun Beverages; Company Starts Commercial Production at Gorakhpur Facility - 16 Apr, 2024
Global brokerage firm Morgan Stanley has initiated coverage on Varun Beverages with an overweight rating and a target price of Rs 1701. The company has started commercial production of various beverages and dairy products from its Gorakhpur facility. Over the next three years, Morgan Stanley expects 19% revenue CAGR and 23.7% EBITDA margins growth for Varun Beverages.
Varun Beverages Starts Commercial Production at Gorakhpur Facility - 15 Apr, 2024
Varun Beverages has started commercial production of carbonated soft drinks and energy drinks at its Gorakhpur production facility. The company also approved plans to invest in solar power companies. Shares dropped by 2.7% on Monday.
Varun Beverages Reports Strong Financials and Initiates Production at New Facility - 13 Apr, 2024
Varun Beverages Ltd reported strong financial results for Q4 FY24 with a net profit of Rs 132 crore, up 77% YoY, and announced the initiation of commercial production at its new Gorakhpur facility. The company also reported a 21.8% increase in revenue for CY23 at Rs 16,042.6 crore.
Varun Beverages to Acquire Stakes in Two Companies - 12 Apr, 2024
PepsiCo bottler Varun Beverages has announced its plan to acquire up to a 14% stake in both Huoban Energy 11 Private Limited and Aspirative Creative Ventures.
Varun Beverages Invests in Renewable Energy Firms - 11 Apr, 2024
Varun Beverages is set to acquire a stake in two renewable energy companies, Huoban Energy 11 and Aspirative Creative Ventures, for a cash consideration of Rs 2.9 crore and Rs 2.24 crore, respectively. The investment will secure solar power generation and supply for VBL's facilities located in Maharashtra and Uttar Pradesh.
Varun Beverages Invests in Solar Power Supply Companies - 10 Apr, 2024
Varun Beverages has approved investments in two special purpose vehicles engaged in supplying solar power to consumers in Maharashtra and Uttar Pradesh. The company intends to obtain solar power from these companies for its facilities located in Supa Parner, Sakri, District Dhule, Maharashtra, and Gorakhpur, Uttar Pradesh. This move is expected to reduce the power cost at the said facilities and make them more environment-friendly.
Varun Beverages Expects Surge in Sales Despite Slow Demand - 09 Apr, 2024
Varun Beverages Ltd. may face challenges due to slow demand in seasonal categories caused by a delayed winter. However, the company's executive vice chairman is optimistic about sales growth for colas and other cold beverages.
Varun Beverages' EPS Grows by 37% in Last Year - 08 Apr, 2024
Varun Beverages saw a 37% increase in earnings per share (EPS) and 22% revenue growth to ₹160b in the last year. Insiders own 37% of shares, indicating strong alignment with shareholders.
Varun Beverages Share Price Down 0.23% - 05 Apr, 2024
Varun Beverages' share price has declined by 0.23%. The company reported a consolidated sales decline of 31.17% for the quarter ended December 2023, with a net profit of Rs 131.97 crore. The MACD signalled a bias on the counter.
Varun Beverages Stock Rises Amid Strong Growth and Dividend Announcement - 04 Apr, 2024
Varun Beverages has declared a final dividend of ₹1.25 per equity share and experienced remarkable growth under CEO Jaipuria's leadership. The stock rose by 3.91% on NSE and gained around 11.17% in the last one month.
Varun Beverages Announces Interim Dividend; Stock Rises - 03 Apr, 2024
Varun Beverages Ltd announces an interim dividend of Rs 1.25 per share, leading to a rise in stock price by 3.52%. The FMCG stock has delivered 102% returns in a year and has a high PE ratio of 91.99 compared to the sectoral PE of 102.90.
Varun Beverages Expands Footprint with BevCo Acquisition - 27 Mar, 2024
Varun Beverages Ltd has completed the acquisition of South African company, The Beverage Company, aligning with VBL's vision for expansion. With a focus on enhancing manufacturing facilities and improving product mix, VBL aims to boost peak-month capacity by roughly 45%. Brent crude oil price increase may impact margins.
Fundamentals of Varun Beverages Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
Retail Holding Up
Retail Investor have increased holdings from 6.75% to 7.16% in Mar 2024 quarter
Price Rise
In the last 6 months, VBL stock has moved up by 49.6%
Revenue Fall
Revenue is down for the last 3 quarters, 5.65K Cr → 2.67K Cr (in ₹), with an average decrease of 31.2% per quarter
FII Holding Down
Foreign Institutions have decreased holdings from 26.58% to 25.78% in Mar 2024 quarter
Promoter Holding Down
Promoters have decreased holdings from 63.09% to 62.91% in Mar 2024 quarter
MF Holding Down
Mutual Funds have decreased holdings from 2.31% to 2.26% in Mar 2024 quarter
Profit Down
Netprofit is down for the last 3 quarters, 993.81 Cr → 131.97 Cr (in ₹), with an average decrease of 61.6% per quarter
Varun Beverages Ltd in the last 5 years
Lowest (31.40x)
June 15, 2018
Industry (64.00x)
April 18, 2024
Today (88.28x)
April 18, 2024
Highest (118.80x)
December 17, 2020
Funds | Holdings |
Nippon India Growth Fund - Direct Plan - Growth | 2.26% |
Tata Large & Mid Cap Fund Direct Plan Growth | 5.57% |
PGIM India Flexi Cap Fund Direct Growth | 3.53% |
Axis Flexi Cap Fund Direct Growth | 1.48% |
Nippon India Flexi Cap Fund Direct Growth | 2.71% |
Investors | Holdings % | Prev. 1 periods | 3M change |
---|---|---|---|
Promoter Holdings | 62.91% | 0.00 | |
Foreign Institutions | 25.78% | 0.00 | |
Mutual Funds | 2.26% | 0.00 | |
Retail Investors | 7.16% | 0.00 | |
Others | 1.89% | 0.00 |
Technicals of Varun Beverages Ltd share
News & Events of Varun Beverages Ltd
News
Tata Power share price: The stock slipped 2.52 per cent to hit a day low of Rs 419.05. It was last seen 0.94 per cent down at Rs 425.85. At this price, the mult... Read more
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19 Apr, 2024 07:39 PMTata Power share: गेल्या एका वर्षात या शेअरनं गुंतवणूकदारांना मल्टिबॅगर परतावा दिला आहे.
19 Apr, 2024 08:48 PMVarun Beverages Ltd (VBL) share price today is ₹1396.1
Varun Beverages Ltd is listed on NSE
Varun Beverages Ltd is listed on BSE
PE Ratio of Varun Beverages Ltd is 88.28
PE ratio = Varun Beverages Ltd Market price per share / Varun Beverages Ltd Earnings per share
Today’s traded volume of Varun Beverages Ltd(VBL) is 15.65L.
Today’s market capitalisation of Varun Beverages Ltd(VBL) is ₹181650.14Cr.
Varun Beverages Ltd(VBL | Price |
---|---|
52 Week High | ₹1561.95 |
52 Week Low | ₹687.5 |
Varun Beverages Ltd(VBL) share price is ₹1396.1. It is down -10.62% from its 52 Week High price of ₹1561.95
Varun Beverages Ltd(VBL) share price is ₹1396.1. It is up 103.07% from its 52 Week Low price of ₹687.5
Varun Beverages Ltd(VBL | Returns |
---|---|
1 Day Returns | -1.85% |
1 Month Returns | -0.06% |
3 Month Returns | 10.3% |
1 Year Returns | 94.15% |