Varun Beverages zooms on reporting over 2-fold jump in Q3 consolidated net profit
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Varun Beverages is currently trading at Rs. 1301.65, up by 80.80 points or 6.62% from its previous closing of Rs. 1220.85 on the BSE.
The scrip opened at Rs. 1239.85 and has touched a high and low of Rs. 1304.50 and Rs. 1236.00 respectively. So far 54902 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1432.05 on 12-Dec-2022 and a 52 week low of Rs. 557.23 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 1304.50 and Rs. 1100.00 respectively. The current market cap of the company is Rs. 83629.71 crore.
The promoters holding in the company stood at 63.90%, while Institutions and Non-Institutions held 29.89% and 6.22% respectively.
Varun Beverages has reported results for third quarter ended December 31, 2022. (Q3FY23)
The company has reported net profit of Rs 58.85 crore for Q3FY23 as compared to net loss of Rs 19.75 crore for the corresponding quarter previous year. Total income of the company increased by 42.59% to Rs 1,617.60 crore for the quarter under review as compared to Rs 1,134.47 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported over 2-fold jump net profit at Rs 81.52 crore for Q3FY23 as compared to Rs 32.59 crore for the same quarter in the previous year. Total income of the company increased by 28.35% to Rs 2,266.45 crore for the quarter under review as compared to Rs 1,765.79 crore for the same quarter in the previous year.
