Varun Beverages’ shares surged following an impressive 5% year-on-year increase in profit after tax, reaching ₹1,325.49 crore for the first quarter of FY26. Despite a slight dip in revenue and domestic sales volume pressures, the company’s strong performance was bolstered by margin expansion and operational efficiencies.
US Stocks: Nasdaq, S&P end lower as tech megacap declines outweigh upbeat chip outlook
Indian markets saw a mixed close on Thursday. While the Nasdaq and S&P dipped due to Big Tech’s AI spending concerns, the Dow edged higher.