Varun Beverages Ltd rose for a third straight session today. The stock is quoting at Rs 633.05, up 3.8% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.25% on the day, quoting at 23745.85. The Sensex is at 78340.19, up 1.29%. Varun Beverages Ltd has added around 9.44% in last one month. Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has added around 5.68% in last one month and is currently quoting at 56314.35, up 0.96% on the day. The volume in the stock stood at 61.31 lakh shares today, compared to the daily average of 54.56 lakh shares in last one month.The PE of the stock is 88.84 based on TTM earnings ending September 24.Powered by Capital Market - Live

Varun Beverages has launched a QIP issue on 13 November 2024 with floor price of Rs 594.56 per equity share. Powered by Capital Market - Live

The floor price of Rs 594.56 is at a premium of 4.71% to the previous day's closing price of Rs 567.80 on the BSE. The company stated that it may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined by the company in consultation with the book running lead managers appointed for the issue. Varun Beverages is a key player in beverage industry and one of the largest franchisees of PepsiCo in the world (outside USA). As on date, VBL has been granted franchises for various PepsiCo products across 27 States and 7 Union Territories in India. VBL has also been granted the franchise for various PepsiCo products for the territories of Nepal, Sri Lanka, Morocco, Zambia and Zimbabwe. The company had reported 23.7% jump in consolidated net profit to Rs 619.61 crore on 24.1% rise in revenue from operations (excluding excise duty) to Rs 4,804.68 crore in Q3 CY25 over Q3 CY24.Powered by Capital Market - Live

Varun Beverages Ltd is down for a fifth straight session today. The stock is quoting at Rs 573.95, down 1.77% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Varun Beverages Ltd has lost around 2.99% in last one month.Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has eased around 9.2% in last one month and is currently quoting at 56902.55, down 0.47% on the day. The volume in the stock stood at 41.18 lakh shares today, compared to the daily average of 49.15 lakh shares in last one month.The PE of the stock is 85.03 based on TTM earnings ending September 24.Powered by Capital Market - Live

Varun Beverages has allotted 48,000 equity shares under ESOS on 22 October 2024. Consequent to the aforesaid allotment, the paid-up shares of the Company is increased from 324,86,77,405 equity shares to 324,87,25,405 equity shares having face value of Rs. 2/- each. Powered by Capital Market - Live

Net profit of Varun Beverages rose 23.66% to Rs 619.61 crore in the quarter ended September 2024 as against Rs 501.07 crore during the previous quarter ended September 2023. Sales rose 24.14% to Rs 4804.68 crore in the quarter ended September 2024 as against Rs 3870.52 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales4804.683870.52 24 OPM %23.9622.78 - PBDT1056.74837.73 26 PBT800.13666.92 20 NP619.61501.07 24 Powered by Capital Market - Live

Net profit of Varun Beverages rose 18.46% to Rs 492.34 crore in the quarter ended September 2024 as against Rs 415.61 crore during the previous quarter ended September 2023. Sales rose 6.72% to Rs 3086.84 crore in the quarter ended September 2024 as against Rs 2892.38 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3086.842892.38 7 OPM %25.9524.45 - PBDT802.50682.59 18 PBT645.19554.61 16 NP492.34415.61 18 Powered by Capital Market - Live

Varun Beverages will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live

The headline equity benchmarks traded with decent gains in early afternoon trade following the RBI's decision to keep interest rates unchanged. The Nifty traded above the 25,100 level. Pharma shares advanced for the second consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex gained 355.51 points or 0.43% to 81,986.03. The Nifty 50 index added 125.90 points or 0.50% to 25,139.05. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index gained 1.29% and the S&P BSE Small-Cap index jumped 1.47%. The market breadth was strong. On the BSE, 2,886 shares rose and 954 shares fell. A total of 121 shares were unchanged. RBI Policy Outcome: Reserve Bank of India (RBI) Governor Shaktikanta Das announced that the Monetary Policy Committee (MPC) has decided to keep interest rates unchanged, aligning with market expectations, while shifting its policy stance from withdrawal of accommodation to neutral. The MPC voted by a 5:1 majority to maintain the policy repo rate at 6.5%. The RBI also retained its GDP growth target for FY25 at 7.2%. However, Consumer Price Index (CPI) inflation for September is expected to rise significantly due to unfavorable base effects and increasing food prices, according to the governor. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 3.66% to 14.05. The Nifty 31 October 2024 futures were trading at 25,256.40, at a premium of 117.35 points as compared with the spot at 25,139.05. The Nifty option chain for the 31 October 2024 expiry showed maximum Call OI of 46.4 lakh contracts at the 26,000 strike price. Maximum Put OI of 40.7 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty Pharma index rose 1.66% to 23,694.60. The index advanced 3.11% in the two trading sessions. Divis Laboratories (up 6.03%), Ipca Laboratories (up 3.22%), J B Chemicals & Pharmaceuticals (up 3.11%), Laurus Labs (up 2.85%), Glenmark Pharmaceuticals (up 2.56%), Mankind Pharma (up 2.26%), Lupin (up 1.71%), Biocon (up 1.53%), Cipla (up 1.43%) and Natco Pharma (up 1.23%) edged higher. Stocks in Spotlight : Varun Beverages rose 0.70%. The company said that its board has approved a proposal to raise funds by way of issuance of equity shares for an aggregate amount not exceeding Rs 7,500 crore, in one or more tranches, through qualified institutions placement (QIP) route. Oriental Rail Infrastructure fell 0.29%.The company secured an order worth Rs 6.91 crore from Modern Coach Factory (MCF) at Raebareli in Indian Railways. The cost of the project is Rs 6.91 crore and it is to be executed by 31 March 2025.Powered by Capital Market - Live

The fund raising proposal is subject to the approval of equity shareholders of the company. The fund raise would be used for making investments in subsidiaries, joint ventures or associates by way of equity, preference capital, or debt, or to fund the growth of existing businesses including expanding product portfolio, entering into new territories and making strategic acquisitions; pre-payment and / or repayment in full or in part of debts of the company and /or its subsidiaries; and general corporate purposes. Varun Beverages is a key player in beverage industry and one of the largest franchisees of PepsiCo in the world (outside 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. As on date, VBL has been granted franchises for various PepsiCo products across 27 States and 7 Union Territories in India. VBL has also been granted the franchise for various PepsiCo products for the territories of Nepal, Sri Lanka, Morocco, Zambia and Zimbabwe. The company had reported 26.04% jump in consolidated net profit to Rs 1,252.60 crore in Q2 CY24 as compared with Rs 993.81 crore posted in Q2 CY23. Revenue from operations (excluding excise duty) surged 28.25% YoY to Rs 7,196.86 crore in second quarter of 2024. The scrip was up 0.04% to currently trade at Rs 590.15 on the BSE. Powered by Capital Market - Live