- Varun Beverages reported a net income of 13.2 billion rupees for the second quarter, representing a 5.6% increase compared to the previous year.
- The net income exceeded estimates, which were pegged at 12.16 billion rupees.
- Revenue for the quarter stood at 71.6 billion rupees, marking a 2.3% decrease year-over-year, below the estimated 73.59 billion rupees.
- Total costs decreased by 3.5% from last year, amounting to 55.1 billion rupees.
- A dividend of 0.5 rupees per share has been declared for the shareholders.
- Pankaj Madan has been appointed as the new Chief Financial Officer (CFO) of Varun Beverages.
- The company plans to establish a joint venture in India to manufacture visi-coolers and other refrigeration equipment.
- Analyst recommendations include 27 ‘buy’ ratings, 2 ‘hold’, and no ‘sell’ ratings.
A look at Varun Beverages Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Varun Beverages Limited, a company that produces and distributes beverages globally, has a bright long-term outlook based on its Smartkarma Smart Scores. With a high Growth score of 5, Varun Beverages is positioned for strong expansion and development in the future. This indicates promising opportunities for the company to expand its market presence and increase its revenue streams.
Although Varun Beverages has moderate scores in Value, Dividend, Resilience, and Momentum, the outstanding Growth score underscores the company’s potential for long-term success. As a producer of carbonated soft drinks, non-alcoholic beverages, and packaged drinking water, Varun Beverages has a diversified product portfolio that caters to a wide range of consumers, positioning it well for sustained growth and profitability in the beverage industry.
### Summary: Varun Beverages Limited produces and distributes beverages, offering carbonated soft drinks, non-alcoholic beverages, and packaged drinking water to customers worldwide. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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