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10-May2019

Varun Beverages gains on reporting 2-fold jump in Q1 consolidated net profit

Varun Beverages is currently trading at Rs. 915.95, up by 4.15 points or 0.46% from its previous closing of Rs. 911.80 on the BSE.

The scrip opened at Rs. 921.00 and has touched a high and low of Rs. 921.00 and Rs. 904.15 respectively. So far 360 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 948.00 on 03-Apr-2019 and a 52 week low of Rs. 659.55 on 21-May-2018.

Last one week high and low of the scrip stood at Rs. 936.20 and Rs. 890.05 respectively. The current market cap of the company is Rs. 16714.44 crore.

The promoters holding in the company stood at 73.56%, while Institutions and Non-Institutions held 19.93% and 6.51% respectively.

Varun Beverages has reported a rise of 65.55% in its net profit at Rs 55.46 crore for the quarter ended March 31, 2019 as compared to Rs 33.50 crore for the same quarter in the previous year. Total income of the company increased by 10.36% at Rs 1000.17 crore for quarter under review as compared to Rs 906.32 crore for the quarter ended March 31, 2018.

On consolidated basis, the company has reported 2-fold jump in its net profit at Rs 40.04 crore for the quarter ended March 31, 2019 as compared to Rs 19.74 crore for the corresponding quarter in the FY18. Total consolidated income of the company rose 22.24% at Rs 1382.01 crore for quarter under review as compared to Rs 1130.54 crore for the same quarter ended previous year.


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