Shares of PepsiCo bottler Varun Beverages (VBL) jumped 5.5% on BSE today to the day’s high of Rs 1,558.45 after reporting an increase of 25% year-on-year (YoY) in March quarter PAT to Rs 548 crore. The brokerages have increased the target price for the stock post earnings announcement. The company’s revenue from operations in Q1 … Read more
Varun Beverages on Monday reported robust earnings for the quarter ended September, with the consolidated net profit rising nearly 32% year-on-year (YoY) to Rs 501 crore, on the back of strong topline and operational performance. Consolidated revenue, net of excise duty, grew by nearly 22% YoY to Rs 3,871 crore, led by a healthy growth … Read more
One of the largest franchisees of PepsiCo, Varun Beverages, on Tuesday reported a 69% year-on-year (YoY) increase in consolidated profit after tax to Rs 429 crore for the quarter ended March 31, 2023. The company had reported a net profit of Rs 254 crore in the same quarter of the previous fiscal year. The company’s … Read more
The Indian markets recouped losses but still closed in the red on Thursday for the second consecutive day. The S&P BSE Sensex fell 68 points while the Nifty50 managed to hold on to 18,050 levels. Sectorally, buying was seen in realty, public sector, telecom, banks, and FMCG, while selling was visible in utilities, power, IT … Read more