Varun Beverages Limited (NSE: VBL) has revealed the beginning of commercial production of carbonated soft drinks and Energy drinks in their Gorakhpur facility in Uttar Pradesh.
The company disclosed this information in a report on the 13th of April.
On 31 December 2023, the company had advanced manufacturing facilities in 40 locations, 34 of which were in India and 6 worldwide.
In addition, it oversees its fleet of more than 2,500 vehicles, partners with more than 2,400 principal distributors, and manages over 120 depots, as stated in its 2023 annual report.
Profit Of The Company Grew In Q3
On 5 February, Varun Beverages reported a total profit of Rs 132 crore in the quarter ending December of FY24.
This is an increase of 77 percent from the Rs 75 crore reported in the same time frame the year before.
The quarter’s revenue was 2,731 crore, an increase of 21 percent compared to the 2,257 crore reported in the prior year period.
Stock Performance
On April 12, Varun Beverages’s shares ended 2.38 percent lower at 1,390 rupees on the NSE. However, the company’s shares have risen approximately 50 percent over the past six months.
Shares have increased by 94.42 percent in the last year. The 52-week peak of Varun Beverages shares is 1,561.95.
About Varun Beverages Ltd
Varun Beverages Limited (VBL) is an Indian beverage company. The Company is a franchisee for PepsiCo.
The Company manufactures and distributes a variety of soft drinks that contain carbonated (CSDs) and also a wide selection of non-carbonated drinks (NCBs) that include packaged drinking water, which is sold under the trademarks of PepsiCo.
PepsiCo CSD brands that are produced & sold through VBL comprise Pepsi, Diet Pepsi, Mirinda Orange, Seven-Up, Seven-Up Nimbooz Masala Soda, Mirinda Lemon, Mountain Dew, Mountain Dew Ice, Evervess, Sting, Gatorade and Slice Fizzy drinks.
VBL has around 31 manufacturing facilities in India and more than six manufacturing facilities in international regions (two one in Nepal and one located in Sri Lanka, Morocco, Zambia, and Zimbabwe).
Fundamental Analysis of Varun Beverages Ltd
| Market Cap | ₹ 1,80,078 Cr. |
| Current Price | ₹ 1,386 |
| 52-wk High | ₹ 1,562 |
| 52-wk Low | ₹688 |
| Stock P/E | 85.0 |
| Book Value | ₹ 53.4 |
| Dividend | 0.18 % |
| ROCE | 28.8 % |
| ROE | 34.2 % |
| Face Value | ₹ 5.00 |
| P/B Value | 26.0 |
| OPM | 23.2 % |
| EPS | ₹ 15.8 |
| Debt | ₹ 5,431 Cr. |
| Debt to Equity | 0.78 |
Varun Beverages Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 1400 | ₹ 1500 |
| 2025 | ₹ 1564 | ₹ 1676 |
| 2026 | ₹ 1700 | ₹ 1780 |
| 2027 | ₹ 1800 | ₹ 1965 |
| 2028 | ₹ 2000 | ₹ 2100 |
| 2029 | ₹ 2213 | ₹ 2354 |
| 2030 | ₹ 2400 | ₹ 2500 |
Varun Beverages Ltd Shareholding Pattern
| Promoters Holding | |
| Mar 2023 | 63.90% |
| June 2023 | 63.61% |
| Sept 2023 | 63.09% |
| Dec 2023 | 63.09% |
| Mar 2024 | 62.91% |
| FII Holding | |
| Mar 2023 | 26.00% |
| June 2023 | 26.71% |
| Sept 2023 | 27.55% |
| Dec 2023 | 26.58% |
| Mar 2024 | 25.79% |
| DII Holding | |
| Mar 2023 | 3.67% |
| June 2023 | 3.16% |
| Sept 2023 | 3.36% |
| Dec 2023 | 3.58% |
| Mar 2024 | 4.16% |
| Public Holding | |
| Mar 2023 | 6.41% |
| June 2023 | 6.52% |
| Sept 2023 | 6.01% |
| Dec 2023 | 6.74% |
| Mar 2024 | 7.16% |
Varun Beverages Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 7,130 Cr |
| 2020 | ₹ 6,450 Cr |
| 2021 | ₹ 8,823 Cr |
| 2022 | ₹ 13,173 Cr |
| 2023 | ₹ 16,043 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 472 Cr |
| 2020 | ₹ 357 Cr |
| 2021 | ₹ 746 Cr |
| 2022 | ₹ 1,550 Cr |
| 2023 | ₹ 2,102 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.85 |
| 2020 | 0.76 |
| 2021 | 0.6 |
| 2022 | 0.72 |
| 2023 | 0.78 |
Last 10 Years’ Profit Growth:
| 10 Years: | 49% |
| 5 Years: | 47% |
| 3 Years: | 77% |
| Current Year: | 38% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 23% |
| 5 Years: | 25% |
| 3 Years: | 30% |
| Last Year: | 35% |
Sales Growth Over 10 Years:
| 10 Years: | 22% |
| 5 Years: | 26% |
| 3 Years: | 35% |
| Current Year: | 22% |
Conclusion
This article is a complete guide about Varun Beverages Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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