Varun Beverages Q3 Results: Revenue grows, margin expands despite rains, competition
Consolidated sales volumes for Varun Beverages increased by nearly 22% from the year-ago quarter to 267.5 million cases during the quarter. This also includes nearly 34 million cases from BevCo and DRC during the current quarter.
Varun Beverages Share Price Gains As Q3 Margin Expansion Keeps Analysts Bullish
CLSA said Varun Beverages remains its top pick in consumer staples, while Jefferies said smart margin expansion allowed the earnings beat.
Varun Beverages shares up 3.4% as Nifty gains
Shares of Varun Beverages Ltd. traded 3.4 per cent up in Wednesday's trade at 09:58AM (IST). Around 130,239 shares changed hands on the counter. The scrip opened at Rs 599.0 and touched an intraday high and low of Rs 625.
Varun Beverages Q3 result: Profit rises 24% to Rs 620 cr on healthy demand
The company's shares reversed course after the results and climbed 1.5 per cent. Varun Beverages is the top-performing stock in the broader Nifty FMCG index, which is down 0.3 per cent.
Varun Beverages Sept qtr profit up 22% to Rs 629 cr
PepsiCo's largest franchise bottler, on Tuesday reported 22.33% rise in consolidated net profit at Rs 628.82 crore.
Varun Beverages Q3 earnings: Net profit rises 22%, shares gain
Net profit climbed to Rs 628.82 crore in Q3 of this fiscal against Rs 514 crore in the September 2023 quarter.
Varun Beverages Q3 Results: Consolidated Net Profit Soars 22.4%, Shares Jump 2.08%
Large cap FMCG company Varun Beverages Ltd shares today zoomed 2.08% to 590.20 per share on BSE at 12:28 soon after the company reported its September 2024 quarter results.
Varun Beverages Q3 results met estimates; here are fresh stock price targets
In the current session, the stock rose 5.16% to Rs 625 on BSE. Market cap of the firm rose to Rs 2 lakh crore.
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Hold Varun Beverages; target of Rs 606: ICICI Securities
ICICI Securities recommended hold rating on Varun Beverages with a target price of Rs 606 in its research report dated October 23, 2024.
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