Varun Beverages Limited
Varun Beverages Ltd has been associated with PepsiCo since the 1990s and is a key player in beverage industry and one of the largest franchisee of PepsiCo in the world. The company produces and distributes a wide range of carbonated soft drinks, non-carbonated drinks and packaged water sold under trademarks owned by PepsiCo.PepsiCo brands produced and sold by the company include Pepsi, Seven-up, Mirinda Orange…
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VBL Kenya, a VBL subsidiary, acquires Devyani Food Industries (Kenya)'s dairy, juice, and water business for USD 32 Million (INR 305 Cr). This move deepens VBL's Kenya and East Africa presence, leveraging new infrastructure and distribution. VBL Kenya also plans to launch carbonated soft drinks.
VBL extended its exclusive bottling agreement with PepsiCo for India until 2049, a decade longer. Crucially, the revised pact removes the restriction limiting VBL to solely PepsiCo SPV activities, opening up new business avenues and operational flexibility.
Varun Beverages' subsidiary Bevco acquires 100% equity in South African Crickley Dairy for ZAR 238 million (INR 131.47 Cr), pending regulatory approvals. This move diversifies VBL's product portfolio into value-added dairy and juice-based drinks.
Board approved full-year financial results and proposed a ₹0.50 final dividend per share. The company will invest up to ₹1.58 Cr for a 30% stake in a solar energy SPV for captive power in Haryana, expecting reduced power costs. 31st AGM scheduled. Director's continuation proposed.
Varun Beverages has begun commercial production of carbonated soft drinks and juice-based drinks at its Mendipathar, Meghalaya plant, expanding its beverage lineup. This move boosts manufacturing capacity and strengthens the company’s presence in the northeastern market, supporting growth prospects in the region.