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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Varun Beverages (VBL) has incorporated KIVA Spirits and Company Limited, a new wholly-owned subsidiary. This follows the board's earlier approval to establish the new entity.
VBL's board approved establishing an India WOS (Rs. 9 Cr paid-up capital) for RTD/alcoholic beverages, appointing Prathmesh Mishra as CEO. It also greenlit a Tunisia JV (TND 9 Million capital, 75% VBL) for broader beverage production and distribution.
VBL completed the merger of subsidiary Bevco and step-down subsidiary Twizza. Twizza is no longer a step-down subsidiary, streamlining the group structure.
Varun Beverages (VBL) saw its voluntary ESG rating improve to 63 for FY26, up from 62 in FY25, assigned by NSE Sustainability. This reflects enhanced environmental, social, and governance performance.
Varun Beverages' subsidiary established a 70%-owned joint venture, Varun Beverages Holding (Zimbabwe), for investment activities. This expands VBL's footprint in Zimbabwe, starting with a paid-up capital of USD 1,000, signaling business development.