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Varun Beverages Ltd.

NSE: VBL | BSE:540180

₹1513.50 2.00 (0.13%) 1D

Food Beverages & Tobacco

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Performance

Today’s low

1508.00

Today’s High

1523.40

52W low

755.00

52W High

1562.00

Open Price

1514.40

Prev. Close

967.55

Volume

595338.00

Value

901044063.00

Fundamentals

Market Cap Cr

196668.20

Price to Earnings

90.90

Price to Book Value

27.80

Dividend Yield

0.20

PE to Growth

3.10

Op Revenue TTM Cr

16547.59

Net Profit TTM Cr

2164.12

Cash From Operating Activity Cr

2390.78

Return on Equity %

29.64

EMA & SMA

Bullish Moving Averages

16

Bearish Moving Averages

0

DELIVERY AND VOLUME

DAILY AVG. DELIVERY VOLUME %

21 May, 2024

69.1

Week

62.9

Month

56.4

LEGEND

Positive Indicator

Neutral Indicator

Negative Indicator

RESISTANCE AND SUPPORT

1508.67

PIVOT

First Resistance

1522.83

Second Resistance

1534.17

Third Resistance

1548.33

First Support

1497.33

Second Support

1483.17

Third Support

1471.83

Relative Strength Index

58.04

Money Flow Index

63.27

MACD

18.99

MACD Signal

17.03

Average True Range

42.65

Average Directional Index

10.42

Rate of Change (21)

8.27

Rate of Change (125)

44.7

Commodity Channel Index

81

Williams %R

-30.9

BETA

1 Month

1.75

3 Month

1.26

1 Year

0.16

3 Year

0

PRICE CHANGE ANALYSIS

1.64%

1 Week

Low

High

1473

1523.4

8.41%

1 Month

Low

High

1401.4

1559

3.37%

3 Months

Low

High

1345

1561.95

45.84%

6 Months

Low

High

1016.25

1561.95

90.67%

1 Year

Low

High

755

1561.95

Bigul
20 May 2024

Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Transcript of Investors & Analysts Conference Call.
Bigul
14 May 2024

Q1CY24 Quarterly Result Announced for Varun Beverages Ltd.

Non-Alchoholic Beverages company Varun Beverages announced Q1CY24 results: Revenue from operations (net of excise / GST) grew by 10.9% YoY to Rs 43,173.1 million in Q1CY24 as compared to Rs 38,929.8 million in Q1CY23 Total sales volume grew by 7.2% to 240.2 million cases in Q1CY24 from 224.1 million cases in Q1CY23. During the quarter, India territory grew by 4.4% and International markets by 21.9%, in-spite of delay in the holi festival by 17 days resulting in delayed seasonality cycle. Net realization per case increased by 3.5% in Q1CY24 to Rs 179.7 on account of improving product mix in India and higher contribution of international markets which have higher realization per case Gross margins improved by 385 bps to 56.3% from 52.4% during Q1CY24 primarily due to reduced PET prices as well as the focus on reducing sugar content and light-weighting of packaging. Approx. 46% of our consolidated sales volumes come from Low sugar / No sugar products. EBITDA increased by 23.9% to Rs 9,887.6 million YoY and EBITDA margin improved by 240 bps to 22.9% in Q1CY24, led by higher gross margins and increased realization. This improvement is in-spite of rise in fixed costs associated with the acquisition of new territories and commissioning of new greenfield plants for the season. PAT increased by 25% to Rs 5,479.8 million from Rs 4,385.7 million in Q1CY23 driven by volume growth, increase in net realization and improved profit margins Commenting on the performance for Q1CY24 Ravi Jaipuria, Chairman, Varun Beverages Limited said, "In-spite of delay in the holi festival by 17 days resulting in delayed seasonality cycle, we are pleased to report a reasonably strong overall operational and financial performance in the first quarter of the year. We achieved a consolidated sales revenue growth of 10.9% with a break-up of volume growth of 7.2% and net realization per case growth of 3.5% in Q1, reflecting an improved product mix in India and higher contributions from international markets. Overall, EBITDA increased by 23.9% year on year and PAT increased by 24.9%. Further, our sustainability efforts, including the focus on reducing sugar content, removal of corrugated pads in packaging, and light-weighting of packaging material have started showing results by increase in gross margins. During last quarter, we also published our sustainability report in accordance with the GRI reporting standards. We are committed to transparency and accountability in our sustainability reporting practices, and we believe that using the GRI Standards allows us to provide comprehensive and comparable information to our stakeholders. To fulfil our growth commitment in our core market i.e. India, we commenced three new greenfield facilities located in Supa, Maharashtra; Gorakhpur, Uttar Pradesh; and Khordha, Odisha. This expansion is designed to meet the rising demand for beverages in India and support our long-term growth trajectory. Our greenfield plant at DRC is expected to start by the next quarter. A significant highlight of the quarter was the successful completion of the strategic acquisition of The Beverage Company (BevCo) in South Africa. This move has notably expanded our footprint and fortified our presence across several dynamic markets in the African region. Furthermore, Varun Beverages Morocco SA, a wholly-owned subsidiary, has entered into an Exclusive Snacks Appointment Agreement to manufacture and package Cheetos in Morocco, by May 2025. This agreement complements our existing distribution of PepsiCo’s snack portfolio, marking another step forward in our strong symbiotic partnership. In nutshell, we have fueled three growth engines which shall gradually and consistently contribute to revenue and profitability growth in the Company. First growth engine is the South Africa’s combined territory with Lesotho, Eswatini, Namibia, Botswana, Mozambique and Madagascar. Second growth engine is entry into new territory of DRC where PepsiCo is not present at all as of now, the commercial production here from our new state of the art greenfield plant is expected to start from the next quarter. The third growth engine is entry into snack food production by May 2025 in Morocco.” Result PDF
Bigul
14 May 2024

Varun Beverages Ltd - 540180 - Outcome Of Board Meeting

Unaudited Financial Results (Standalone and Consolidated) for the Quarter ended March 31, 2024.
14 May 2024

Varun Beverages shares surge over 5% post Q1 results. Should you buy, sell or hold?

Varun Beverages' (VBL) shares surged 5.5% on BSE, hitting Rs 1,558.45, following a 25% YoY increase in March quarter PAT to Rs 548 crore. Q1 revenue reached Rs 4,398 crore.
14 May 2024

Varun Beverages Earns Brokerages' Nod with Strong Earnings, Optimistic Outlook

The company's earnings in first quarter of calendar year 2024 were 13% ahead of Morgan Stanley's estimate and 11% above consensus with better margins.
Bigul
13 May 2024

Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, link of audio recording of Investors & Analysts Conference Call held on May 13, 2024 (post declaration of Unaudited Financial Results of the Company for the Quarter ended March 31, 2024) is as follows: Link: https://varunbeverages.com/wp-content/uploads/2024/05/VBL-Q1-CY2024.mp3
Bigul
13 May 2024

Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

The Share Allotment Committee of the Board of Directors at their meeting held today approved the allotment of 23,000 Equity Shares of face value of Rs. 5 each upon exercise of stock options vested under the Employees Stock Options Scheme 2016.
13 May 2024

Varun Beverages Results Earnings Call for Q1CY24

Conference Call with Varun Beverages Management and Analysts on Q1CY24 Performance and Outlook. Listen to the full earnings transcript.
See all News

FAQs

The latest market price of Varun Beverages Ltd. on NSE was Rs. 1513.50 as of today.

The opening share price of Varun Beverages Ltd. was Rs. 1514.40 as of today.

The 52-week high share price of Varun Beverages Ltd. was Rs. 1562.00.

The 52 week low share price of Varun Beverages Ltd. was Rs. 755.00.

Varun Beverages Ltd. has a market cap of Rs. 196668.20 crore as of today. Please refer to the Fundamentals section for further details.

The PE ratio of Varun Beverages Ltd. is 3.10. Please refer to the Fundamentals section for further details.

The operating revenue for Varun Beverages Ltd. in the last FY was Rs.  16547.59 crore. Please refer to the Financials section for further details.

The Net Profit for Varun Beverages Ltd. in the last FY was Rs. 2164.12 crore. Please refer to the Financials section for further details.

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The latest dividend declared by Varun Beverages Ltd. was on 2024-04-04 for Rs. 1.25 per share. According to today’s share price, the dividend yield of Varun Beverages Ltd. stands at 0.20. Please refer to the Corporate Actions section for further details.

The latest bonus issue declared by Varun Beverages Ltd. was as of 2022-06-06. The bonus ratio declared in this issue was 1:2. Please refer to the Corporate Actions section for further details.

The latest split issue declared by Varun Beverages Ltd. was as of 2023-06-15. The split ratio declared in this issue was 10:5. Please refer to the Corporate Actions section for further details.

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Please refer to the News section for the latest news about Varun Beverages Ltd..

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