Varun Beverages Limited reported better than expected Q1FY23 June 2022 Quarterly Results
The Indian franchisee of PepsiCo Varun Beverages Ltd has reported better than expected Q1FY23 Quarterly results for the Quarter ending June 2022 on 1st August 2022.
Table of Contents
- Varun Beverages Q1FY23 June 2022 Quarterly Results
- Varun Beverages share price & chart
- About Varun Beverages Ltd
Varun Beverages Q1FY23 June 2022 Quarterly Results
The revenue of the company increased more than 75% quarter on quarter and more than 100% year on year and the Net profit increased nearly 200% quarter on quarter and more than 150% year on year which it better than the market estimates and the market welcome the results with a positive move of 4.92% on the result day.
The Company also announced an Interim dividend of Rs.2.50 per share and the record date for this is Friday, 12th August 2022. The stock has given more than 80% return in last one year and more than 520% multibagger return in last five years and has also given three times bonus in 2019, 2021 and in April 2022.
Varun Beverages share price & chart
Varun Beverages is a large cap stock with market capitalization of more than 60 thousand Crore. Stock current PE is 86 which is expensive compared to its sector but the chart is showing consistent up move despite massive fall in the market in past year.
The stock is currently trading at Rs.926 which is above its all moving averages and RSI is strong at 72. MACD is showing flat movement but the price is showing breakout of upper Bollinger band. Overall the stock is showing slow and consistent up-move on its one day candlestick chart.
[The chart we have presented here is on Zerodha web platform. We personally use Zerodha & Upstox for investing and trading in Indian stock market.]
About Varun Beverages Ltd
Varun Beverages Limited (VBL) is a key player in beverage industry and one of the largest franchisee of PepsiCo in the world (outside USA). The Company produces and distributes carbonated soft drinks and non-carbonated beverages, including packaged drinking water sold under trademarks owned by PepsiCo which include Pepsi, Diet Pepsi, Seven-Up, Mirinda, Mountain Dew, Seven-Up, Tropicana Slice as well as packaged drinking water under the brand Aquafina.
VBL has been associated with PepsiCo since the 1990s and has been granted franchises for various PepsiCo products across 27 States and 7 Union Territories in India. VBL has 31 manufacturing plants in India and 6 manufacturing plants in international geographies (two in Nepal and one each in Sri Lanka, Morocco, Zambia and Zimbabwe).
You can read the press release attached herewith of Varun Beverages Limited for detail analysis of the quarterly results. Download PDF.
