Varun Beverages Ltd Share Price – NSE /  BSE

FMCG, Mid Cap

Varun Beverages Ltd rose for a third straight session today. The stock is quoting at Rs 633.05, up 3.8% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.25% on the day, quoting at 23745.85. The Sensex is at 78340.19, up 1.29%. Varun Beverages Ltd has added around 9.44% in last one month.

Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has added around 5.68% in last one month and is currently quoting at 56314.35, up 0.96% on the day. The volume in the stock stood at 61.31 lakh shares today, compared to the daily average of 54.56 lakh shares in last one month.

The PE of the stock is 88.84 based on TTM earnings ending September 24.

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Varun Beverages has launched a QIP issue on 13 November 2024 with floor price of Rs 594.56 per equity share.

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The floor price of Rs 594.56 is at a premium of 4.71% to the previous day's closing price of Rs 567.80 on the BSE.

The company stated that it may offer a discount of not more than 5% on the floor price so calculated for the issue.

The issue price will be determined by the company in consultation with the book running lead managers appointed for the issue.

Varun Beverages is a key player in beverage industry and one of the largest franchisees of PepsiCo in the world (outside USA). As on date, VBL has been granted franchises for various PepsiCo products across 27 States and 7 Union Territories in India. VBL has also been granted the franchise for various PepsiCo products for the territories of Nepal, Sri Lanka, Morocco, Zambia and Zimbabwe.

The company had reported 23.7% jump in consolidated net profit to Rs 619.61 crore on 24.1% rise in revenue from operations (excluding excise duty) to Rs 4,804.68 crore in Q3 CY25 over Q3 CY24.

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Varun Beverages Ltd is down for a fifth straight session today. The stock is quoting at Rs 573.95, down 1.77% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Varun Beverages Ltd has lost around 2.99% in last one month.Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has eased around 9.2% in last one month and is currently quoting at 56902.55, down 0.47% on the day. The volume in the stock stood at 41.18 lakh shares today, compared to the daily average of 49.15 lakh shares in last one month.

The PE of the stock is 85.03 based on TTM earnings ending September 24.

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