Varun Beverages share price declines 5% post Q4 numbers

Stocks

The share touched its 52-week high Rs 1,065.90 and 52-week low Rs 485.05 on 11 January, 2021 and 23 March, 2020, respectively.

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Varun Beverages share price declined 5 percent intraday on February 16 after the company posted a net loss of Rs 7.2 crore in the quarter ended December 2020. It had reported a loss of Rs 54 crore in the same quarter last year.

Its revenue was up 9 percent at Rs 1,351.3 crore versus Rs 1,239.5 crore in the yea-ago.

Earnings before, interest, tax, depreciation and amortisation (EBITDA) rose 48.8 percent to Rs 172.7 crore versus Rs 115.8 crore in Q3 FY20, while margin was at 12.8 percent versus 9.3 percent. The company’s other income was at Rs 5.6 crore versus Rs 36 crore.

At 12:34 hrs, Varun Beverages was quoting at Rs 899.15, down Rs 45.80, or 4.85 percent on the BSE.

varun beverages

The share touched its 52-week high Rs 1,065.90 and 52-week low Rs 485.05 on 11 January 2021 and 23 March 2020, respectively.

Currently, it is trading 15.64 percent below its 52-week high and 85.37 percent above its 52-week low.