Varun Industries gains on reporting 59.43% rise in Q1 net profit

12 Aug 2011 Evaluate

Varun Industries is currently trading at Rs. 249.50, up by 0.25 points or 0.10% from its previous closing of Rs. 249.25 on the BSE.

The scrip opened at Rs. 251.90 and has touched a high and low of Rs. 265.45 and Rs. 247.00 respectively. So far 93465 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 271.25 on 22-Jul-2011 and a 52 week low of Rs. 124.50 on 12-Aug-2010.

Last one week high and low of the scrip stood at Rs. 265.45 and Rs. 230.15 respectively. The current market cap of the company is Rs. 725.67 crore.

The promoters holding in the company stood at 64.99% while Institutions and Non-Institutions held 2.76% and 32.25% respectively. 

Varun Industries, manufacturer of stainless steel house-ware and steelware products, has reported unaudited results for the first quarter ended June 30, 2011.

The company reported a growth of 59.43% in its standalone net profit at Rs 18.51 crore for the quarter ended June 30, 2011 against net profit of Rs 11.61 crore during the corresponding period of last fiscal. Net sales of the company during the quarter under review stood at Rs 923.67 crore, up 127.28%, as compared to Rs 406.40 crore of the April-June quarter of 2010-11.

Varun Industries’ core competence is its intimate knowledge of the global steel ware business. Its range of over 1,500 products include buffet accessories, bar accessories, bathroom accessories, cutlery, canisters, colanders, coffee mugs, non-electrical cookware, non stick cookware, kitchen tools, tea kettles and tea sets, tableware, designer show pieces, pet-ware  and other utility items.

Peers
Company Name CMP
Hindustan Unilever 2340.90
Godrej Consumer Prod 1070.75
Dabur India 503.85
Colgate Palmol. (I) 2736.90
P&G Hygiene 15206.95
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.