This BSE Group ‘A’ stock has delivered a multibagger return of over 230% in just two years!

resr 5paisa Research Team

Last Updated: 7th September 2023 - 05:09 pm

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Today, the stock opened at Rs 1360 and touched a high and low of Rs 1375.40 and Rs 1331.60, respectively.

Varun Beverages Ltd has been associated with PepsiCo since the 1990s and is a key player in the beverage industry as well as one of PepsiCo's largest franchisees worldwide. The company manufactures and distributes a wide variety of carbonated soft drinks, non-carbonated drinks and packaged water under PepsiCo trademarks. Pepsi, Seven-up, Mirinda Orange, Mountain Dew, Tropicana Juices, Sting Energy and many other PepsiCo brands are produced and sold by the company.

At 12 am on December 27, the shares of Varun Beverages were trading at Rs 1341.35, which is a more than 230% return in two years. On December 27, 2020, the stock was trading at Rs 400.97 and throughout the two-year holding period, it generated multibagger returns, increasing its investors’ wealth more than 2 times. The S&P BSE 500 index, on the other hand, has generated gains of 27.3% for the past two years beginning on December 27, 2020.

On a consolidated basis, the company's net revenue climbed by 32.46% YoY to Rs 3,176.62 crore in the recent quarter, Q2FY23 from Rs 2,398.16 crore in Q2FY22. The profit after tax (PAT) rose by 58.67% YoY and stood at Rs 381.04 crore from Rs 240.14 crore in the previous year’s same quarter. The company is currently trading at a TTM PE of 73.59x. Varun Beverages achieved ROE & ROCE of 18.6% and 17.4% with a market capitalization of Rs 87,088.37 crore.

Today, the stock opened at Rs 1360 and touched a high and low of Rs 1375.40 and Rs 1331.60, respectively. The stock has a 52-week high and low of Rs 1,432.05 and Rs 555.18, respectively on BSE.

Shares of Varun Beverages have delivered returns of 135% in one year, while in the last six months, the stock has surged nearly 72%.

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