Latest news with #VarunBeveragesLtd
Business Standard
7 days ago
- Business
- Business Standard
Varun Beverages Ltd soars 1.45%, Gains for third straight session
Varun Beverages Ltd is quoting at Rs 476.6, up 1.45% on the day as on 12:49 IST on the NSE. The stock is down 25.09% in last one year as compared to a 1.69% gain in NIFTY and a 7.48% gain in the Nifty FMCG index. Varun Beverages Ltd is up for a third straight session in a row. The stock is quoting at Rs 476.6, up 1.45% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.09% on the day, quoting at 25218.75. The Sensex is at 82666.87, up 0.12%. Varun Beverages Ltd has added around 1.33% in last one month. Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has added around 3.55% in last one month and is currently quoting at 56429.05, up 0.39% on the day. The volume in the stock stood at 55.94 lakh shares today, compared to the daily average of 79.45 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 478.7, up 1.68% on the day. Varun Beverages Ltd is down 25.09% in last one year as compared to a 1.69% gain in NIFTY and a 7.48% gain in the Nifty FMCG index. The PE of the stock is 62.79 based on TTM earnings ending March 25.
Business Standard
23-05-2025
- Business
- Business Standard
Quick Wrap: Nifty FMCG Index gains 1.63%
Nifty FMCG index ended up 1.63% at 56502.05 today. The index has slipped 2.00% over last one month. Among the constituents, Varun Beverages Ltd rose 4.09%, ITC Ltd added 2.39% and Nestle India Ltd jumped 2.23%. The Nifty FMCG index has soared 1.00% over last one year compared to the 8.21% increase in benchmark Nifty 50 index. In other indices, Nifty India Consumption index gained 1.11% and Nifty Private Bank index increased 1.08% on the day. In broad markets, the Nifty 50 increased 0.99% to close at 24853.15 while the SENSEX increased 0.95% to close at 81721.08 by Capital Market - Live News
Business Standard
23-05-2025
- Business
- Business Standard
Honasa Consumer Ltd Spikes 9.22%
Honasa Consumer Ltd has added 27.59% over last one month compared to 1.98% fall in BSE Fast Moving Consumer Goods index and 0.97% rise in the SENSEX Honasa Consumer Ltd rose 9.22% today to trade at Rs 300.85. The BSE Fast Moving Consumer Goods index is up 0.57% to quote at 20471.59. The index is down 1.98 % over last one month. Among the other constituents of the index, Varun Beverages Ltd increased 2.69% and Dwarikesh Sugar Industries Ltd added 1.89% on the day. The BSE Fast Moving Consumer Goods index went up 1.86 % over last one year compared to the 7.26% surge in benchmark SENSEX. Honasa Consumer Ltd has added 27.59% over last one month compared to 1.98% fall in BSE Fast Moving Consumer Goods index and 0.97% rise in the SENSEX. On the BSE, 46015 shares were traded in the counter so far compared with average daily volumes of 37632 shares in the past one month. The stock hit a record high of Rs 546.5 on 10 Sep 2024. The stock hit a 52-week low of Rs 190 on 07 Apr 2025.
Business Standard
22-05-2025
- Business
- Business Standard
Quick Wrap: Nifty FMCG Index falls 1.44%
Nifty FMCG index ended down 1.44% at 55598.05 today. The index has slipped 3.00% over last one month. Among the constituents, Colgate-Palmolive (India) Ltd shed 6.48%, Varun Beverages Ltd slipped 2.00% and United Breweries Ltd dropped 1.78%. The Nifty FMCG index has fallen 0.00% over last one year compared to the 8.90% increase in benchmark Nifty 50 index. In other indices, Nifty IT index has dropped 1.31% and Nifty Media index added 1.11% on the day. In broad markets, the Nifty 50 is down 0.82% to close at 24609.7 while the SENSEX has dropped 0.79% to close at 80951.99 today.
Mint
01-05-2025
- Business
- Mint
PepsiCo bottler Varun Beverages opts to expand reach as competitors in soft-drinks market engage in price war
Varun Beverages Ltd (VBL) has chosen to fight the war of reach instead of pricing as competition stiffens in India's soft drinks market. The PepsiCo bottler clocked a 30% year-on-year volume growth in the March quarter (Q1CY25), led by 15.5% organic growth in India and a deepening presence in overseas markets including South Africa and Zimbabwe. The company follows a January-to-December financial year. 'Strong double-digit volume growth in India with margin expansion should allay investor concerns around Reliance's Campa, a key positive in Q1," analysts at Jefferies India said in a report on 30 April, referring to the competitor's disruptive pricing. 'Although Q2CY25 is quite important from a seasonality perspective." India Ebitda margin rose 111 basis points (bps) due to operational efficiencies aided by volume growth. VBL's consolidated revenue increased 29% in Q1CY25, encouraging it to guide for a double-digit growth for CY25. This despite rivals splurging on campaigns in the ongoing Indian Premier League cricket tournament and sweetening trade margins. Nuvama Institutional Equities noted that Tata Consumer has re-indexed retailer margins in its NourishCo business to match the competition. Coca-Cola highlighted double-digit volume growth in Q1CY25, led by strong performances from Coca-Cola and Thums Up, although it reported a drop in non-alcoholic ready-to-drink beverages. 'Coca-Cola saw over 180 million servings during the Maha Kumbh Mela festival, which in our view would have helped the industry growth rate," Nuvama's analysts said. Reliance Consumer has announced new plants in Bihar and Assam to ramp up its manufacturing and distribution footprint. Against this backdrop, VBL coped by doubling down on expanding its outlet coverage and cold-chain infrastructure. Its mantra: deepen market penetration and sharpen the product mix. It believes rising competition is expanding the overall category, reiterating that with only 4 million of India's 12 million FMCG outlets covered, distribution remains a key growth lever. VBL's energy and hydration categories grew over 100% in Q1CY25. Value-added dairy, a new engine, also grew at 100%+, albeit on a smaller base. Smaller packs—though costlier to make—helped lift realisation per case, which rose 1.8% in India but stayed flat in the overseas markets. On the flipside, VBL's consolidated gross margin fell to 54.6%, down 171 basis points year-on-year. Higher volumes from South Africa hurt as a large part of sales there came from owned brands that have lower margins. Plus, overall water costs have been shifted into direct costs, while the rising share of carbonated soft drinks and smaller pack sizes pushed up the cost of goods sold. The Ebitda margin drop of 20 bps to 22.7% was much smaller in Q1CY25. VBL continues to hold firm on its India Ebitda margin floor of 21%. The management said that while inflation and product-mix shifts could pressure the margin temporarily, its backward integration, improved scale and focus on operational efficiency give it confidence in defending profitability—even in an aggressive market. VBL has a capex plan of ₹ 3,100 crore for this year. It is adding four plants, including the Bihar and Meghalaya sites set to go live in May. Meanwhile, South Africa remains a work in progress. Volumes rose 13% year-on-year over the trailing 12 months, and Pepsi's contribution improved from 15% to 20%. It is trimming loss-making SKUs. The South Africa business Ebitda margin improved from 10% at acquisition to 14% but is still much lower. VBL shares fell 2% on Wednesday after the results as investors weighed the near-term pressures. Jefferies cut its earnings per share estimates by 7-9% on moderation in its assumptions on growth in the international segment and lower margin assumptions. Even so, with the market offering enough growth potential, VBL's bet on reach may well pay off if execution is healthy.
