Q2 Results Live: Varun Beverages Q3 Net Profit Rises 14% YoY; Reliance Slips, Sun Pharma Gains Ahead Of Earnings
Varun Beverages made an announcement in a quarterly results development with October 30 in focus.
· NDTV Profit, BS Companies, Economic Times Markets, ET Stocks
Reliance Industries, Jio Platforms, Sun Pharmaceutical Industries, Bharat Electronics, Indian Oil Corporation, and Dixon Technologies, are among the 213 companies scheduled to announce their Q2 results today, October 30. Track the latest earnings announcements, financial performance, management commentary and stock market reaction live on NDTV Profit.
Key facts
- Dates in focus
- October 30
The analysis
Varun Beverages reported movement of 14%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -5.5% on the day at ₹392.00, and has returned -13.2% over three months. It sits 28% below its 52-week high, which means a good deal of bad news was already in the price. The fmcg sector has moved -10.7% over the same period, so Varun Beverages is running 2.5 points behind its peers.
For Varun Beverages, the question is how much of this is already reflected in the price and how much re-rates the fmcg peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The 6 companies named span 5 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 1 of 6 are higher: Sun Pharmaceutical leads at +0.9% and Varun Beverages trails at -5.5%.
- Over three months: Varun Beverages -13.2% against FMCG -10.7% (2.5 points behind); Reliance Industries -9.9% against Oil & Energy -5.7% (4.2 points behind); Sun Pharmaceutical -11.2% against Pharma & Healthcare -0.9% (10.3 points behind); Bharat Electronics -3.9% against Defence & Aerospace -1.7% (2.2 points behind).
- At least 25% below the 52-week high: Varun Beverages (28%), Reliance Industries (27%), Indian Oil (31%) and Dixon Technologies (30%).
- Trading well above normal today: Varun Beverages at 3.0 times its 20-day average volume, Sun Pharmaceutical at 3.4 times its 20-day average volume and Dixon Technologies at 2.0 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Varun BeveragesVBL · FMCG | ₹392.00 | -5.5% | -9.3% | -13.2% | -27.9% | 3.0× | — |
| Reliance IndustriesRELIANCE · Oil & Energy | ₹1,164.90 | -0.2% | -1.9% | -9.9% | -26.8% | 1.0× | — |
| Sun PharmaceuticalSUNPHARMA · Pharma & Healthcare | ₹1,777.70 | +0.9% | -2.1% | -11.2% | -11.2% | 3.4× | — |
| Bharat ElectronicsBEL · Defence & Aerospace | ₹369.90 | -0.0% | -4.7% | -3.9% | -21.0% | 1.1× | — |
| Indian OilIOC · Oil & Energy | ₹130.15 | -0.2% | -3.5% | -7.0% | -30.6% | 1.4× | — |
| Dixon TechnologiesDIXON · Consumer Durables | ₹11,000.00 | -4.3% | -16.0% | -23.3% | -29.9% | 2.0× | — |
FMCG
1M -4.9% · 3M -10.7%
Varun Beverages
Oil & Energy
1M -4.8% · 3M -5.7%
Reliance Industries, Indian Oil
Pharma & Healthcare
1M -0.6% · 3M -0.9%
Sun Pharmaceutical
Defence & Aerospace
1M -7.5% · 3M -1.7%
Bharat Electronics
Prices as of 30 Oct 2026, 15:45 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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