ReutersVarun Beverages, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 87166.31 Crore) operating in FMCG sector.
Varun Beverages key Products/Revenue Segments include Beverages, Other Operating Revenue, Other Services for the year ending 31-Dec-2021.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 2223.48 Crore, down -31.77 % from last quarter Total Income of Rs 3258.92 Crore and up 28.14 % from last year same quarter Total Income of Rs 1735.19 Crore. Company has reported net profit after tax of Rs 81.53 Crore in latest quarter.
The company’s top management includes Mr.Ravi Kant Jaipuria, Mr.Varun Jaipuria, Mr.Raj Pal Gandhi, Mr.Rajinder Jeet Singh Bagga, Dr.Naresh Kumar Trehan, Mr.Pradeep Sardana, Ms.Sita Khosla, Dr.Ravi Gupta, Ms.Rashmi Dhariwal. Company has APAS & Co as its auditors. As on 31-12-2022, the company has a total of 65 Crore shares outstanding.
The brokerage expects the company to maintain its earnings momentum, underpinned by 1) high demand due to the early onset of summer, high temperature and further possibility of an El Nino event, 2) increased penetration in newly acquired territories in South and West India, and 3) higher acceptance of newly launched products.
Promoter/FII Holdings
Promoters held 63.9 per cent stake in the company as of 31-Dec-2022, while FIIs owned 26.45 per cent, DIIs 3.39 per cent.
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