Varun Beverages zooms on reporting 53% rise in Q3 consolidated net profitc
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Varun Beverages is currently trading at Rs. 1099.25, up by 49.10 points or 4.68% from its previous closing of Rs. 1050.15 on the BSE.
The scrip opened at Rs. 1055.00 and has touched a high and low of Rs. 1111.50 and Rs. 1050.80 respectively. So far 303267 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1194.80 on 22-Sep-2022 and a 52 week low of Rs. 545.27 on 21-Dec-2021.
Last one week high and low of the scrip stood at Rs. 1111.50 and Rs. 1023.40 respectively. The current market cap of the company is Rs. 71538.15 crore.
The promoters holding in the company stood at 63.90%, while Institutions and Non-Institutions held 29.46% and 6.64% respectively.
Varun Beverages has reported results for second quarter ended September 30, 2022.
The company has reported rise of 97.14% in its net profit at Rs 287.66 crore for Q3FY23 as compared to Rs 145.92 crore for the corresponding quarter previous year. Total income of the company increased by 47.04% to Rs 2,527.48 crore for the quarter under review as compared to Rs 1,718.92 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 53.35% in its net profit at Rs 395.48 crore for Q3FY23 as compared to Rs 257.90 crore for the same quarter in the previous year. Total income of the company increased by 31.55% to 3,258.92 crore for the quarter under review as compared to Rs 2,477.37 crore for the same quarter in the previous year.
