Varun Beverages Limited up by 2.72 percent | Espresso Shot of the Day


Espresso Shot of the Day - Varun Beverages Ltd up by 2.72 percent

July 13, 2022
Espresso Shot of the Day - Varun Beverages Ltd up by 2.72 percent

VARUN BEVERAGES LTD  874.75  (+2.72%) BSE – INE200M01013| 13th  July 2022

Varun Beverages Limited (VBL or Company) is a key player in the beverage industry and one of the largest franchisees of PepsiCo in the world (outside the USA). The Company produces and distributes a wide range of carbonated soft drinks (CSDs), as well as a large selection of non-carbonated beverages (NCBs), including packaged drinking water sold under trademarks owned by PepsiCo. PepsiCo CSD brands produced and sold by VBL include Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Mountain Dew Ice, Seven-Up Nimbooz Masala Soda, Evervess, Sting, Gatorade and Slice Fizzy Drinks. PepsiCo NCB brands produced and sold by the Company include Tropicana Slice, Tropicana Juices (100%, Delight, Essentials), Nimbooz, as well as packaged drinking water under the brand Aquafina.

Recent Drivers

  • Varun Beverages hit a new high on July 13th 2022 in hopes of strong earnings. The management remains confident of delivering high growth in the medium to long term on the back of strong demand momentum. On the demand front, the management is seeing a solid uptick in consumption as the summer season in the domestic market is off to a good start.
  • Varun Beverages chairman Ravi Kant Jaipuria settled with capital markets regulator SEBI a case related to alleged violations of insider trading rules after paying nearly Rs. 56 lakhs towards settlement charges on June 22nd 2022
  • On May 26th 2022, CRISIL upgraded the company’s long-term credit ratings CRISIL AA+/Stable from 'CRISIL AA/Positive'.
  • On May 17th 2022, the Board of Directors fixed Tuesday, June 7, 2022, as the Record Date, for the purpose of ascertaining the eligibility of shareholders entitled to the issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) Equity Share of Rs. 10/- each for every 2 (Two) existing Equity Shares of Rs. 10/- each, subject to the approval of shareholders.
  • On April 28th 2022, the company reported a quarterly net profit of Rs. 195.36 crores in March 2022, up 55.98% from Rs. 125.24 crores in March 2021.
  • On April 28th 2022, the company reported net sales at Rs. 2,184.37 crores in March 2022, up 21.41% from Rs. 1,799.15 crores in March 2021.
(Sources: BSE, Money control, Business Standard)

Technical Force*

  • S&P BSE 200 month till date gain by 2.41
  • 3 months avg. BSE volume:1,73,240
  • Traded on new 52 Week High value of 880.00
  • Quantity traded: 30,986 | Deliverable Quantity: 7,821 (25.24 %)
  • The stock price jumped by 70 % from a one-year low level: 480.87 (August 11th, 2021)
  • Daily RSI (14) is near overbought territory today
  • 52-week-high: 880 | 52-week-low: 480.87

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Some Key Ratios (Source: BSE)

Market Cap:  56,819.35 Crores

PE:  101.54

OPM%: 19.19

ROE%:  12.72

Promoters holding%: 63.90

Prev. Close:  851.60

*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.