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Varun Beverages hits new 52-week high on reporting over 2-fold jump in Q2 consolidated net profit
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Varun Beverages is currently trading at Rs. 928.50, up by 2.15 points or 0.23% from its previous closing of Rs. 926.35 on the BSE.
The scrip opened at Rs. 960.00 and has touched a high and low of Rs. 960.00 and Rs. 922.80 respectively. So far 104410 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 960.00 on 02-Aug-2022 and a 52 week low of Rs. 480.63 on 11-Aug-2021.
Last one week high and low of the scrip stood at Rs. 960.00 and Rs. 859.35 respectively. The current market cap of the company is Rs. 60229.49 crore.
The promoters holding in the company stood at 63.90%, while Institutions and Non-Institutions held 29.24% and 6.86% respectively.
Varun Beverages has reported 3-fold jump in its net profit at Rs 728.33 crore for the quarter ended June 30, 2022 as compared to Rs 238.08 crore for the same quarter in the previous year. Total income of the company increased by over 2-fold at Rs 4,390.08 crore for quarter ended June 30, 2022 as compared Rs 1,994.45 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 802.01 crore for the quarter ended June 30, 2022 as compared to Rs 318.80 crore for the same quarter in the previous year. Total income of the company increased by 2-fold at Rs 5,028.05 crore for quarter ended June 30, 2022 as compared Rs 2,507.45 crore for the corresponding quarter previous year.
