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More news about Varun Beverages

Varun Beverages to host investor meet at Jefferies forum on Sep 16

Varun Beverages to host investor meet on September 16, 2026. Event held at Jefferies India Forum in Gurugram. Raj Gandhi, Deepak Dabas, and Manjit Singh to attend. No unpublished price-sensitive information to be shared.

26Aug 26

Varun Beverages appoints Prathmesh Mishra as CEO of new alcohol subsidiary

Varun Beverages approved a wholly-owned subsidiary for RTD alcoholic beverages and a Tunisia JV on August 25, 2026. Prathmesh Mishra appointed CEO and MD of KIVA Spirits; he previously chaired RCB and worked at Diageo and Pernod Ricard. The Tunisia JV will be 75% owned by Varun Beverages and 25% by Bevanda (Tunisia). KIVA Spirits authorized share capital is ₹10 crore with ₹9 crore paid-up equity.

17Aug 26

Varun Beverages completes merger of Twizza with subsidiary Bevco

Varun Beverages Limited has finalized the merger of Twizza Proprietary Limited into its subsidiary, The Beverage Company Proprietary Limited (Bevco). The deal, approved in July 2026 and completed in August 2026, aligns with South African regulatory requirements. Twizza is no longer a step-down subsidiary, marking a consolidation of the company's South African operational structure.

11Aug 26

Varun Beverages ESG rating rises to 63 for FY26

Varun Beverages Limited reports an improved ESG Rating of 63 for FY26, up from 62 in FY25, as assigned by NSE Sustainability Ratings. The voluntary rating highlights the company's ongoing commitment to sustainability and governance. The disclosure was filed with stock exchanges under SEBI regulations on August 11, 2026.

04Aug 26

Varun Beverages Q2CY26 net profit rises 15.1%; management flags sustained growth

Varun Beverages delivered strong Q2CY26 results with net profit rising 15.1% to ₹15,253.55 million on robust volume growth. The company expanded its international footprint with acquisitions in South Africa and Kenya, while domestically extending its PepsiCo partnership. Management emphasized sustainable growth strategies, focusing on premium segments and diversified portfolio expansion.

04Aug 26

Varun Beverages subsidiary incorporates Zimbabwe joint venture

Varun Beverages Limited’s subsidiary has incorporated Varun Beverages Holding (Zimbabwe) (Private) Limited as a joint venture with Mega Market Private Limited. The new entity, registered on August 3, 2026, serves as a holding and investment vehicle with a 70-30 ownership split. It has an authorized share capital of USD 500,000 and paid-up capital of USD 1,000, marking a strategic step in consolidating operations in Zimbabwe.

02Aug 26

Varun Beverages completes USD 32 million Kenya acquisition

Varun Beverages has finalized the acquisition of Devyani Food Industries (Kenya) Limited's dairy and juice business for USD 32 million. Effective August 1, 2026, the transaction expands VBL's presence in Kenya with new product categories.

28Jul 26

Varun Beverages Q2 Results: Conference call recording released for H1CY26

Varun Beverages Limited released the audio recording of its July 28, 2026, investor conference call under SEBI Regulation 30. The call addressed the unaudited financial results for the quarter and half-year ended June 30, 2026, with the recording available on the company website and exchange portals.

28Jul 26

Varun Beverages Q1 Results: Interim dividend of ₹0.50 per share declared

Varun Beverages Limited approved its Q1FY26 results and declared a ₹0.50 interim dividend per share. The record date is August 1, 2026, with payments starting August 4, 2026. The results were audited by O P Bagla & Co. LLP and J C Bhalla & Co.

22Jul 26

Varun Beverages to host Q2 earnings call on July 28

Varun Beverages Limited announced it will host a conference call on July 28, 2026, at 2:30 PM IST to review its financial results for the second quarter and first half of the calendar year 2026. Senior management will address the call, which can be accessed via specific dial-in numbers or pre-registration.

22Jul 26

Varun Beverages Records ₹67.93 Crore Block Trade on NSE at ₹457.55 Per Share

Varun Beverages recorded a block trade on the NSE involving approximately 1,484,551 shares at ₹457.55 per share. The total value of the transaction stood at ₹67.93 crores. Such block trades are generally associated with large institutional participation in the secondary market.

20Jul 26

Varun Beverages Appoints Sarabjeet Singh Gujral as CHRO and Srinivasan Sourirajan as CMO

Varun Beverages Limited has appointed Sarabjeet Singh Gujral as Chief Human Resources Officer and Srinivasan Sourirajan as Chief Manufacturing Officer, both effective July 20, 2026, approved by the Board via circular resolution. Gujral brings over 19 years of HR experience across FMCG and Agri Inputs sectors, while Sourirajan brings over 30 years in FMCG manufacturing, having previously served as VP Manufacturing and Engineering at Pernod Ricard India.

15Jul 26

Varun Beverages Records ₹25.20 Crore Block Trade on NSE at ₹466.30 Per Share

Varun Beverages recorded a block trade on the NSE valued at ₹25.20 crore, involving approximately 5,40,344 shares at a price of ₹466.30 per share. Such large-scale block trades are typically conducted between institutional participants outside the regular order book to minimize market impact.

08Jul 26

Varun Beverages accepts resignation of Chief Supply Chain Officer

Varun Beverages accepted the resignation of Sanjay Mukherjee from the position of Chief Supply Chain Officer effective July 7, 2026. The resignation, attributed to personal reasons, was mutually agreed upon. The company disclosed the change to stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

07Jul 26

JPMorgan, CLSA Stay Bullish on Varun Beverages After $32M Kenya Acquisition

VBL Industries (Kenya) Limited is acquiring Devyani Food Industries (Kenya) Limited's beverages business for USD 32 million (~₹305 Cr), adding a 52-acre manufacturing facility in Nakuru. JPMorgan maintains an Overweight rating with a ₹565 target, while CLSA holds a High Conviction Outperform with a ₹654 target, both citing strategic overseas expansion and immediate operational capabilities as key positives.

03Jul 26

Varun Beverages subsidiary Bevco to merge Twizza for synergies

Varun Beverages' subsidiary Bevco approved the merger of its step-down subsidiary Twizza to enable synergies and optimize operational costs. The transaction, subject to South African laws, is a related party deal at arm's length with no cash consideration or new shares. Twizza's share capital will be cancelled, and Varun Beverages' shareholding remains unchanged.

23Jun 26

Varun Beverages Records ₹17.19 Crore Block Trade on NSE at ₹506.60 Per Share

Varun Beverages recorded a block trade on the NSE involving approximately 339,369 shares at ₹506.60 per share, with a total trade value of ₹17.19 crores. The transaction highlights notable institutional-level activity in the stock.

20Jun 26

Varun Beverages promoters declare non-encumbrance of shares

Varun Beverages Limited's promoters and persons acting in concert declared no encumbrance of shares for the financial year ended December 31, 2025, and the period ended March 31, 2026. The disclosure was made to stock exchanges under SEBI Takeover Regulations. The company's financial year runs from January 1 to December 31.

19Jun 26

CLSA backs Varun Beverages with ₹654 target on Asahi-CALPIS India launch

CLSA has maintained a High Conviction Outperform rating on Varun Beverages with a target price of ₹654, backing the company's strategic alliance with Asahi Group Holdings to launch CALPIS Smooth Yogurt in India. The ready-to-drink, dairy-based beverage in Original and Mango flavors is set to launch in the second half of 2026, with Varun Beverages handling manufacturing, distribution, and sales while Asahi manages product development and marketing.

08Jun 26

Varun Beverages Records ₹37.49 Crore Block Trade on NSE at ₹529.50 Per Share

Varun Beverages saw a notable block trade on the National Stock Exchange involving approximately 7,07,975 shares at ₹529.50 per share, amounting to a total transaction value of ₹37.49 crores. Such large-scale block deals are typically associated with institutional investors utilizing the exchange's designated block deal window to execute sizeable transactions with minimal market disruption.

28May 26

Varun Beverages to attend investor meets in Mumbai on June 3-4

Varun Beverages announced it will attend investor meetings in Mumbai on June 3 and June 4, 2026, hosted by Bofa, Morgan Stanley, and Citi. Management representatives Mr. Raj Gandhi and Mr. Deepak Dabas will engage with investor groups. The company confirmed no unpublished price sensitive information will be disclosed during these sessions.

20May 26

Varun Beverages Records ₹52.67 Crore Block Trade on NSE at ₹514.85 Per Share

Varun Beverages recorded a significant block trade on the NSE involving approximately 1,022,941 shares at ₹514.85 per share, amounting to ₹52.67 crores. Such large-volume transactions, typically executed by institutional investors outside the regular order book, highlight continued interest from major market participants in the stock.

11May 26

Varun Beverages to Participate in Motilal Oswal Annual Singapore Corporate Day on May 19, 2026

Varun Beverages has disclosed its participation in the Motilal Oswal Annual Singapore Corporate Day investor meeting scheduled for May 19, 2026, in Singapore. The company will be represented by Mr. Raj Gandhi and Mr. Deepak Dabas at the group investor meeting. The disclosure was filed under Regulation 30 of the SEBI Listing Regulations on May 11, 2026, by Chief Risk Officer & Group Company Secretary Ravi Batra. The company confirmed that no unpublished price sensitive information will be shared at the meeting.

04May 26

Varun Beverages Q1 CY2026: Strong Growth, Strategic Expansion

Varun Beverages delivered strong Q1 CY2026 performance with 16.3% volume growth to 363.4 million cases, 18.1% revenue growth to ₹65,741.90 million, and 20.1% PAT growth to ₹8,787.13 million. EBITDA margins improved 55 bps to 23.3%. The company completed strategic acquisitions of Twizza and Crickley Dairy in South Africa, announced interim dividend of ₹0.50 per share, and provided guidance on capacity expansion, inventory management, and market outlook.

29Apr 26

Varun Beverages Executes Rs. 17.35 Crore Block Trade on NSE

Varun Beverages Ltd. executed a major block trade on NSE worth Rs. 17.35 crores, involving 328,618 shares at Rs. 527.85 per share. The transaction reflects significant institutional activity and demonstrates continued investor interest in the beverage company's equity through large-volume trading mechanisms.

28Apr 26

Varun Beverages Projects Double-Digit Growth for Next Decade Through Market Expansion and Strategic Acquisitions

Varun Beverages has announced expectations for double-digit growth in India over the next 5 to 10 years, driven by market expansion and enhanced distribution networks. The company is also exploring international growth opportunities. Strategic acquisitions have significantly boosted revenue, with Twizza adding ₹800 crore and Crickley Dairy projected to contribute ₹160 crore, totaling nearly ₹1,000 crore from both acquisitions combined.

28Apr 26

Varun Beverages Plans Margin Enhancement for Twizza and Crickley Dairy While Targeting Major Outlet Expansion

Varun Beverages has announced strategic plans to improve margins for its Twizza and Crickley Dairy brands through discount cuts and operational efficiency from larger plants. The company is simultaneously targeting an ambitious expansion to add 0.5 million new outlets this year, aiming to reach approximately 4 million total outlets. This dual approach focuses on enhancing profitability while significantly expanding market reach and accessibility.

28Apr 26

Varun Beverages Strengthens Market Presence with Nearly 1 Million New Refrigerators Annually

Varun Beverages is experiencing significant market growth through the annual addition of nearly 1 million new refrigerators from partner companies including Coke and Campa. This substantial infrastructure expansion enhances the company's distribution capabilities and demonstrates strong industry partnerships. The large-scale refrigeration equipment deployment supports improved market reach and operational efficiency across the company's network.

28Apr 26

Jefferies Raises Varun Beverages Target Price to ₹615 on Strong Volume Growth and International Performance

Jefferies has raised Varun Beverages' target price to ₹615 from ₹550, maintaining a Buy rating based on strong operational metrics. The upgrade is supported by 14% volume growth despite competitive market conditions, robust international business performance, and positive management guidance on growth and margin prospects.

27Apr 26

Varun Beverages Declares ₹0.50 Interim Dividend, Approves Q4FY26 Results

Varun Beverages announced Board approval of Q4FY26 unaudited financial results and declared an interim dividend of ₹0.50 per equity share for FY2026. The company has set May 1, 2026 as record date and payment will commence from May 5, 2026, covering all 338,20,94,394 issued shares with ₹2.00 nominal value each.

23Apr 26

Varun Beverages Issues ZAR 770 Million Corporate Guarantee for South African Subsidiary

Varun Beverages Limited has issued a corporate guarantee of ZAR 770 Million on behalf of its South African subsidiary, The Beverage Company Proprietary Limited, in favour of JPMorgan Chase Bank. The guarantee, executed on April 22, 2026, and valid until April 21, 2029, is designed to secure credit facility extended to the subsidiary. The transaction was disclosed under Regulation 30 of SEBI regulations, with the company confirming it's an arm's length transaction with no promoter interest and no impact on the listed entity.

16Apr 26

Varun Beverages Records Rs. 27.51 Crore Block Trade on NSE

Varun Beverages Ltd. executed a major block trade on NSE worth Rs. 27.51 crores, involving approximately 607,922 shares at Rs. 452.50 per share. The transaction indicates significant institutional activity and represents substantial investor participation in the beverage company's stock.

15Apr 26

Varun Beverages Completes Rs. 1.58 Crore Solar Energy Investment in Haryana

Varun Beverages Limited completed its Rs. 1.58 crore acquisition of 29.99% equity stake in FPEL HR2 Energy Private Limited on April 15, 2026. The investment secures solar power access for captive consumption through a special purpose vehicle operating in Haryana. This strategic move supports the company's renewable energy initiatives and operational cost optimization while meeting all SEBI regulatory compliance requirements.

14Apr 26

Varun Beverages Receives ESG Score of 74.2 for FY 2025 from SES ESG Research

Varun Beverages Limited disclosed receiving an ESG score of 74.2 for FY 2025 from SES ESG Research Private Limited, showing improvement from the previous year's 66.4 score. After sector and exposure adjustments, the score stands at 66. The voluntary assessment was disclosed under SEBI regulations, with the information made available on the company's website for stakeholder transparency.

02Apr 26

Varun Beverages Sets Record Date for Final Dividend Following AGM Approval

Varun Beverages Limited has filed official regulatory intimation with NSE and BSE confirming April 8, 2026 as record date for final dividend of Re. 0.50 per equity share for FY25. The dividend payment will commence on April 10, 2026 for eligible shareholders following approval at the 31st Annual General Meeting held on April 1, 2026.

18Mar 26

Varun Beverages Subsidiary Completes ZAR 2,053 Million Twizza Acquisition

Varun Beverages has successfully completed the acquisition of Twizza Proprietary Limited in South Africa through its subsidiary for ZAR 2,053 million (₹11,398 million). The transaction was finalized on March 18, 2026, making Twizza a step-down subsidiary and strengthening the company's international expansion strategy in the South African beverage market.

18Mar 26

Varun Beverages Acquires 100% Stake in Crickley Dairy for ₹1.31 Billion

Varun Beverages has completed the acquisition of 100% equity stake in Crickley Dairy Proprietary Limited for an enterprise value of ₹1.31 billion through its South African subsidiary. The strategic transaction represents the company's diversification into value-added dairy and juice-based drinks, expanding its operational footprint in South Africa.

17Mar 26

BofA Maintains Buy on Varun Beverages with ₹550 Target, Eyes Portfolio Expansion

BofA Securities has maintained its Buy rating on Varun Beverages with a ₹550 target price, emphasizing the company's strong summer demand positioning supported by capacity additions and improved cash flows. The brokerage highlights strategic portfolio expansion into energy, hydration, and sports drinks, with mix improvement from Adrenaline Rush and growing Nimbooz variants expected to support better realizations and anticipates a demand rebound in 2026.

11Mar 26

Varun Beverages Invests Rs. 7.05 Crore in Solar Power Company, Issues Corporate Guarantee

Varun Beverages Limited announced strategic decisions including a Rs. 7.05 crore investment to acquire additional 23% equity in Jager Renewables Two Private Limited for captive solar power consumption at Rajasthan facilities, bringing total shareholding to 49%. The Investment and Borrowing Committee also approved a ZAR 1,240 million corporate guarantee for subsidiary The Beverage Company Proprietary Limited with FirstRand Bank Limited.

11Mar 26

Varun Beverages Sees Rs. 45.76 Crore Block Trade on NSE

Varun Beverages Ltd. recorded a significant NSE block trade worth Rs. 45.76 crores involving 1,045,880 shares at Rs. 437.55 per share. The transaction indicates substantial institutional activity and represents large-volume trading executed through special trading mechanisms to minimize market impact.

04Feb 26

Varun Beverages Partners with Carlsberg for African Alcoholic Beverage Market Entry

Varun Beverages has partnered with Carlsberg to enter the African alcoholic beverage market and plans to establish a new manufacturing plant by next year with low investment requirements. The company expects international profit margins to match Indian levels through backward integration, Twizza acquisition synergies, and cost savings from local production that will reduce freight expenses.

04Feb 26

Varun Beverages Announces Comprehensive Product Innovation Strategy with New Energy Flavors and Regional Expansion

Varun Beverages has announced a comprehensive product innovation strategy featuring fresh energy flavors, Adrush mid-price segment expansion, and new Nimbu-Jeera line launch. The company will introduce additional Nimbooz flavors and pricing options while releasing INR 10.00 packs in West Bengal and Northeast regions. These regional affordable packs are expected to constitute 5%-7% of the total product portfolio, reflecting a strategic approach to market diversification.

04Feb 26

Varun Beverages Projects High-Teens Snacks Growth, Targets $100 Million Revenue in 2-3 Years

Varun Beverages projects high-teens growth in snacks sales, targeting $100 million revenue within 2-3 years. The company plans low capital expenditure for India operations in CY 2026 while focusing international spending on South African expansion, excluding Twizza acquisition. This strategy reflects balanced domestic efficiency and selective international growth approach.

04Feb 26

Varun Beverages Targets 10%+ Volume Growth in 2026 With 26% EBITDA Margins

Varun Beverages has set ambitious volume growth targets for 2026, expecting over 10% growth with favorable weather conditions and mid-teen growth potential under normal conditions. The company aims to maintain EBITDA margins around 26% in India, confident that volume gains will offset negative effects from upsizing or discount strategies.

04Feb 26

Varun Beverages Confident in Growth Opportunities Across India and Global Markets

Varun Beverages demonstrates strong confidence in its growth prospects across both Indian domestic and global markets. The company's optimistic outlook is underpinned by favorable demographics, rising consumer incomes, adequate manufacturing capacities, diverse product offerings, and a robust distribution network, all contributing to expectations of sustained profitability and market expansion.

03Feb 26

Varun Beverages Board Approves FY25 Results with ₹0.50 Final Dividend

Varun Beverages Limited's Board approved audited FY25 results with strong financial performance including 8.52% revenue growth and 16.23% profit growth, recommended final dividend of ₹0.50 per share, scheduled AGM for April 1, 2026, and approved strategic investment in renewable energy through FP&L HR2 Energy Private Limited for solar power generation.

03Feb 26

Varun Beverages Makes Q4CY25 Investor Conference Call Audio Recording Available

Varun Beverages Limited has released the audio recording of its investors and analysts conference call held on February 3, 2026, discussing audited financial results for Q4CY25 ended December 31, 2025. The company has complied with SEBI Regulation 30 requirements by making the recording available through its website and providing access details to NSE and BSE. The disclosure was signed by Chief Risk Officer & Group Company Secretary Ravi Batra, demonstrating the company's commitment to transparent stakeholder communication.

03Feb 26

Varun Beverages Announces Limited Capital Allocation for Alcoholic Beverage Distribution

Varun Beverages announced during its concall that capital allocation for alcoholic beverage distribution will remain limited, with overall capital expenditure for the current year also being restricted. The company is adopting a conservative approach to expansion while maintaining financial discipline across operations.

03Feb 26

Varun Beverages Q3 Results: Revenue Up 13.4%, Net Profit Rises 39%

Varun Beverages delivered strong Q3 financial performance with revenue growing 13.4% year-on-year to ₹43.3 billion and consolidated net profit surging 39% to ₹2.51 billion. Despite robust top-line and bottom-line growth, the company experienced margin compression with EBITDA margin declining 38 basis points to 14.8%, and net profit fell short of analyst estimates by 19%.

28Jan 26

Varun Beverages Limited Schedules Board Meeting for February 3, 2026 to Review Q4FY25 Results and Final Dividend

Varun Beverages Limited has scheduled its board meeting for February 3, 2026, to consider audited financial results for Q4FY25 and the full financial year ended December 31, 2025. The meeting will also address the recommendation of a final dividend for FY25, subject to shareholder approval at the Annual General Meeting. The company has extended its trading window closure until February 5, 2026, maintaining compliance with SEBI regulations on insider trading.

28Jan 26

Varun Beverages Records Rs. 27.89 Crore Block Trade on NSE

Varun Beverages Ltd. executed a significant block trade on NSE worth Rs. 27.89 crores, involving 600,395 shares at Rs. 464.45 per share. The transaction reflects institutional investor activity and demonstrates market interest in the beverage company's stock through the exchange's block deal mechanism.

23Jan 26

Varun Beverages Shares Fall 2.01% to ₹477.30 Amid Market Session

Varun Beverages shares declined 2.01% to ₹477.30 in Friday's trading session despite strong financial performance. The company reported quarterly revenue of ₹7,017.37 crores in June 2025 with net profit of ₹1,326.68 crores. Annual revenue grew 24.72% in 2024 to ₹20,007.65 crores, while maintaining healthy financial ratios including a low debt-to-equity ratio of 0.14 and strong profit margins.

14Jan 26

Varun Beverages Enhances Corporate Guarantee for Dubai Subsidiary to $49.50 Million

Varun Beverages Limited has enhanced its corporate guarantee for Dubai subsidiary VBL DMCC from $27.50 million to $49.50 million, valid until June 30, 2027. The guarantee secures credit facilities with ICICI Bank's Dubai branch and is conducted at arm's length with no promoter interest or impact on the listed entity.

10Jan 26

Morgan Stanley Maintains Overweight Rating on Varun Beverages Despite 47x Forward P/E

Morgan Stanley maintains overweight rating on Varun Beverages with Rs. 600 target price despite 47x forward P/E, citing strong fundamentals and India business growth prospects. The stock closed at Rs. 488.85 with market cap of Rs. 1,65,328 crores, showing mixed performance with 454% five-year returns but 19% decline over past year. Company demonstrates strong financial metrics including 24.8% ROCE and 22.5% ROE, though recent quarterly results showed decline in sales and profitability.

06Jan 26

Varun Beverages Records ₹59.53 Crore Block Trade on NSE

Varun Beverages Limited recorded a significant block trade on NSE worth ₹59.53 crores involving 1,229,006 shares at ₹484.35 per share. The transaction indicates substantial institutional activity and provides insights into institutional valuation of the stock. Block trades typically represent large institutional transactions executed to minimize market impact.

31Dec 25

Varun Beverages Acquires Twizza for ₹1,119 Crores to Expand South African Operations

Varun Beverages has acquired South African beverage brand Twizza for ₹1,119 crores, aiming to double its market share in the region to 20% by 2027. Analysts have raised target prices by 7% to ₹615, citing expansion potential and cost synergies. Twizza reported ₹901.90 crores turnover in June 2025 with 4% annual growth, and the deal is expected to enhance VBL's manufacturing and distribution capabilities while providing access to the growing energy drinks segment.

29Dec 25

Varun Beverages Enhances Corporate Guarantee to ZAR 2,970 Million for South African Subsidiary

Varun Beverages Limited has enhanced its corporate guarantee for South African subsidiary The Beverage Company Proprietary Limited from ZAR 1,500 million to ZAR 2,970 million, valid until July 31, 2031, under SEBI disclosure requirements. The company continues to demonstrate resilience with positive quarterly performance despite 3% volume decline, while expanding internationally through Cheetos production in Morocco and strengthening African operations.

23Dec 25

Bank of America Securities Issues Buy Rating for Varun Beverages with ₹550 Price Target

Bank of America Securities has given a buy recommendation for Varun Beverages Limited, setting a price target of ₹550.00 per share. Varun Beverages, a large-cap company in the FMCG sector, operates in the Indian beverage industry. This positive rating from the investment bank indicates confidence in the company's future performance prospects.

22Dec 25

Varun Beverages Records ₹60.64 Crore Block Trade on NSE

A significant block trade of Varun Beverages Limited shares occurred on the National Stock Exchange (NSE). The transaction involved 1,272,048 shares, valued at ₹60.64 crores, executed at ₹476.70 per share. This block trade indicates substantial institutional activity in the company's stock.

22Dec 25

Citi Maintains 'Buy' Rating on Varun Beverages with Price Target of ₹675

Global brokerage firm Citi has reaffirmed its 'Buy' rating on Varun Beverages, maintaining a price target of ₹675 per share. This decision reflects Citi's continued confidence in the beverage company's business model, growth trajectory, and market position. The maintained rating suggests stability in the analyst's view of Varun Beverages' fundamental strengths and competitive positioning in the beverage industry.

22Dec 25

Varun Beverages Proposes Full Takeover Of Twizza In South Africa To Boost Growth

Varun Beverages has proposed a complete takeover of Twizza Proprietary Limited in South Africa for ₹11,187 crores, aiming to strengthen its position in Africa's largest soft drinks market. The acquisition includes Twizza's manufacturing infrastructure with 6 beverage lines and presence across multiple African countries, targeting a market with 3.30% annual growth rate.

01Dec 25

Varun Beverages Shareholders Approve Object Clause Alteration, Company Shows Mixed Financial Performance

Varun Beverages Limited secured 99.95% shareholder approval to alter its Memorandum of Association's Object Clause. The company's Q3 results show a 0.84% increase in revenue to Rs. 3,213.70 crore and a 17.29% rise in net profit to Rs. 577.40 crore. However, year-to-date revenue decreased by 13.15% to Rs. 17,481.00 crore, while net profit improved by 9.17% to Rs. 2,875.80 crore. The operating profit margin slightly decreased from 25.95% to 25.68% year-on-year.

25Nov 25

PepsiCo and Coca-Cola Face Market Share Decline in India as Campa Gains Ground

PepsiCo and Coca-Cola have each experienced a 10% decline in market share in the Indian beverage industry, while local competitor Campa has gained 8% market share. This shift highlights changing consumer preferences in India, potentially driven by factors such as evolving tastes, health consciousness, or effective marketing by local brands. The development signals challenges for multinational corporations and opportunities for domestic companies in one of the world's largest consumer markets.

24Nov 25

Varun Beverages Executes Block Trades Worth Over Rs. 95 Crores on NSE and BSE

Varun Beverages Ltd. experienced significant block trades on both NSE and BSE. On NSE, 2,031,561 shares were traded at Rs. 469.45 per share, totaling Rs. 95.37 crores. On BSE, 2,206,503 shares were traded at Rs. 444.75 per share, amounting to Rs. 98.13 crores. These substantial trades indicate notable investor interest in the company's shares and highlight the liquidity of Varun Beverages' stock in the market.

19Nov 25

Varun Beverages Expands Footprint with New Kenyan Subsidiary

Varun Beverages Limited has incorporated a wholly-owned subsidiary, VBL Industries (Kenya) Limited, in Kenya. The new entity will focus on manufacturing, distribution, and selling of beverages, marking a strategic expansion into the East African market. This move aligns with the company's growth strategy and aims to strengthen its presence in the African beverage industry. The incorporation process was completed on November 19, 2025, following regulatory compliance and proper disclosures to stock exchanges.

04Nov 25

Varun Beverages Reports Steady Q3 Performance, Expands into Beer Distribution

Varun Beverages Limited (VBL) reported a 2.4% year-on-year growth in consolidated sales volume, reaching 273.8 million cases, with revenue from operations increasing by 1.9% to Rs. 48,966.5 million. Profit After Tax rose by 18.5% to Rs. 7,451.9 million. The company announced strategic initiatives including an exclusive beer distribution agreement with Carlsberg in Africa, incorporation of a subsidiary in Kenya for dairy and beverages, launch of a new energy drink 'Adrenaline Rush', and expansion of snacks business in Morocco and Zimbabwe.

30Oct 25

Varun Beverages Seeks Shareholder Approval for Expansion into Alcoholic Beverages and Renewable Energy

Varun Beverages Limited has announced plans to expand its business activities, seeking shareholder approval via postal ballot to alter its Memorandum of Association. The company aims to venture into new sectors including packaging materials, renewable energy, and alcoholic beverages. The proposed expansion would allow Varun Beverages to manufacture and distribute Ready-to-Drink (RTD) and alcoholic beverages, as well as generate renewable energy. Remote e-voting for shareholders will take place from October 31 to November 29, 2025, with results expected by December 1, 2025. The Board of Directors approved this proposal on October 29, 2025, citing growing popularity of RTD and alcoholic beverages as a key factor for expansion.

30Oct 25

Varun Beverages Expects Strong Growth Amid Improved Weather and International Expansion

Varun Beverages Limited (VBL) expects robust growth in coming quarters, particularly in international operations. Q3 CY2025 results show steady performance with revenue up 1.9% YoY to ₹48,966.50 million and net profit increasing 18.5% to ₹7,451.90 million. International volumes grew 9.0%, led by South Africa. VBL is expanding into Kenya, diversifying into alcoholic beverages, and forming a joint venture for refrigeration equipment manufacturing. The company remains confident in long-term growth potential despite temporary weather-related impacts in India.

29Oct 25

Varun Beverages Reports 20% Net Profit Growth Despite Flat Volume Growth in India

Varun Beverages Limited (VBL), a major PepsiCo bottler, reported Q3 results with a 2% revenue increase to ₹4,896.70 crore and a 20% rise in net profit to ₹742.00 crore. Sales volume grew 2.4% to 273.8 million cases, driven by 9% growth in international markets, particularly South Africa, while India volumes remained flat. EBITDA was flat at ₹1,150.00 crore with margins narrowing to 23.4%. VBL is expanding into alcoholic beverages in South Africa and establishing a subsidiary in Kenya. The company's shares traded 3.27% higher following the announcement.

29Oct 25

Varun Beverages Expands into Alcoholic Beverages, Partners with Carlsberg for African Beer Operations

Varun Beverages Limited (VBL) is diversifying into alcoholic beverages through a partnership with Carlsberg for beer operations in Africa. VBL plans to test market Carlsberg beer in select African territories and expand into manufacturing, selling, and distributing beer, wine, and spirits in India and other international markets. The company's Board has approved altering the Object Clause of its Memorandum of Association to facilitate this expansion, subject to shareholder approval. This strategic move marks a significant shift from VBL's core soft drinks business, potentially opening new revenue streams and market opportunities.

28Oct 25

Varun Beverages to Announce Q3 2025 Results on October 29

PepsiCo's largest bottling partner outside the US, Varun Beverages, will release its Q3 2025 results on October 29, 2025, followed by an investor conference call at 2:30 p.m. IST. The company's stock has seen a 30.16% year-to-date decline, with the current NSE trading price at ₹454.55. In Q2 2025, the company reported a 5% increase in Profit After Tax to ₹1,325 crore, despite a 2.5% decrease in consolidated revenue to ₹7,017 crore. The trading window for designated persons is closed from October 1 to October 31.

27Oct 25

Varun Beverages Sees Block Trade Worth Rs. 24.80 Crores on NSE

Varun Beverages Ltd. experienced a significant block trade on the National Stock Exchange (NSE). The transaction involved 537,547 shares at Rs. 461.30 per share, totaling Rs. 24.80 crores. This large trade suggests potential strategic moves by institutional investors or major shareholders, and may impact the company's stock price and trading volumes.

03Oct 25

Varun Beverages Completes 26% Stake Acquisition in Jager Renewables for Rs 26,000

Varun Beverages Limited has acquired a 26% equity stake in Jager Renewables Two Private Limited for Rs 26,000. The acquisition aims to secure solar power for VBL's captive consumption. Jager Renewables Two is an SPV engaged in generating and supplying solar power in Rajasthan. This move aligns with Varun Beverages' strategy to incorporate renewable energy sources into its operations, potentially reducing its carbon footprint and long-term energy costs.

17Sept 25

Varun Beverages Sees Rs. 26.82 Crore Block Trade on NSE; Announces Investor Meeting

Varun Beverages experienced a block trade of 575,586 shares at Rs. 466.00 per share, totaling Rs. 26.82 crores on NSE. The company announced participation in J.P. Morgan's 10th Annual India Conference on September 22, 2025, in Mumbai. Additionally, Mr. Rajesh Kumar, Technical Head – India Operations, resigned effective September 15, 2025.

10Sept 25

Varun Beverages Sees Rs. 96.29 Crore Block Trade on NSE

Varun Beverages Ltd. experienced a substantial block trade on the National Stock Exchange (NSE), involving 2,024,937 shares at Rs. 475.50 per share, totaling Rs. 96.29 crore. This significant transaction highlights ongoing interest in the company's stock among major investors. Varun Beverages, a key PepsiCo franchisee, operates in India and international markets, producing and distributing various beverages.

08Sept 25

Varun Beverages Sees Rs. 89.66 Crore Block Trade on NSE

Varun Beverages Ltd. experienced a significant block trade on the National Stock Exchange (NSE). The transaction involved 1,890,583 shares at Rs. 474.25 per share, totaling Rs. 89.66 crores. This substantial trade indicates continued interest in the company among institutional investors and large traders. Varun Beverages, one of PepsiCo's largest franchisees outside the US, produces and distributes carbonated soft drinks, non-carbonated beverages, and packaged drinking water.

05Sept 25

Varun Beverages Sees Rs. 72.45 Crore Block Trade on NSE, Advances in Refrigeration Business

Varun Beverages experienced a significant block trade on NSE, with 1,503,176 shares traded at Rs. 482.00 per share, totaling Rs. 72.45 crore. The company also incorporated a joint venture, White Peak Refrigeration Private Limited, to manufacture visi-coolers and refrigeration equipment, potentially enhancing its supply chain capabilities.

05Sept 25

Varun Beverages Diversifies: Forms JV for Refrigeration Equipment, Invests in Solar Power

Varun Beverages Ltd (VBL) has incorporated a joint venture, White Peak Refrigeration Pvt Ltd, to manufacture visi-coolers and refrigeration equipment. Additionally, VBL's Investment and Borrowing Committee approved a Rs 26,000 investment for up to 26% equity in Jager Renewables Two Pvt Ltd, a solar power company in Rajasthan. This investment aims to provide captive power for VBL's facilities in Kota, Alwar, Jaipur, Jodhpur, and Bhiwadi. The solar power transaction is expected to complete by June 2, 2026. VBL shares closed at Rs 489.45, down 3.11%.

04Sept 25

Varun Beverages Establishes Joint Venture for Visi-Cooler Manufacturing

Varun Beverages Limited has incorporated a new joint venture company, White Peak Refrigeration Private Limited, in India. The venture will focus on manufacturing visi-coolers and other refrigeration equipment, aiming to enhance the company's vertical integration and cold chain infrastructure. This move, announced in a regulatory filing, is expected to strengthen Varun Beverages' supply chain and potentially reduce costs associated with refrigeration equipment.

03Sept 25

Varun Beverages to Acquire Up to 26% Stake in Jager Renewables Two for Solar Power Supply

Varun Beverages Limited (VBL) plans to acquire up to 26% stake in Jager Renewables Two Private Limited, a solar power SPV, to supply renewable energy to its Rajasthan facilities. The initial investment is Rs. 26,000 for 2,600 equity shares. This move aims to enhance sustainability, reduce power costs, and improve operational efficiency at VBL's facilities in Kota, Alwar, Jaipur, Jodhpur, and Bhiwadi. The transaction is set to complete by June 2, 2026, with no specific regulatory approvals required.

06Aug 25

Varun Beverages Issues $22 Million Corporate Guarantee for Zimbabwe Subsidiary

Varun Beverages Limited has provided a corporate guarantee of USD 22 million for its subsidiary, Varun Beverages (Zimbabwe) (Private) Limited. The guarantee, valid until June 30, 2028, is issued to ICICI Bank Limited, UAE, to secure a credit facility for the Zimbabwe subsidiary. The company states this arm's length transaction has no immediate impact on the listed entity and involves no interest from promoters or group companies.

04Aug 25

Varun Beverages Boosts Stake in South African Subsidiary Through Debt-to-Equity Conversion

Varun Beverages Limited (VBL) has increased its stake in its South African subsidiary, The Beverage Company Proprietary Limited (Bevco), from 97.42% to 97.92%. This was achieved through a debt-to-equity conversion of ZAR 455,737,350 (approximately INR 2,199.68 million) into 1,005,000 ordinary shares of Bevco at ZAR 453.47 per share. The move aims to strengthen Bevco's balance sheet, reduce debt, and support future growth in the South African market. Bevco, which holds PepsiCo franchise rights in South Africa, Lesotho, and Eswatini, reported a consolidated turnover of ZAR 4,090.00 million for the year ended June 30, 2024. VBL's international markets, particularly South Africa, have shown strong performance with a 16.1% volume growth in the recent quarter.

04Aug 25

Varun Beverages Boosts Stake in South African Subsidiary to 97.92%

Varun Beverages is increasing its stake in The Beverage Company Proprietary Limited (Bevco) from 97.42% to 97.92%. This will be achieved by converting a ZAR 455.7 million loan into 1,005,000 ordinary shares. Bevco, a PepsiCo licensee in South Africa, Lesotho, and Eswatini, reported a turnover of ZAR 4,090 million for FY 2023-24. Varun Beverages is also expanding operations in South Africa, including setting up a can line in Durban and planning capacity enhancement in Boksburg.

04Aug 25

Varun Beverages Demonstrates Resilience Amid Challenging Weather in Q2 2025

Varun Beverages Ltd (VBL), a major PepsiCo franchisee, showed resilience in Q2 2025 despite challenging weather conditions. While consolidated sales volume declined 3% to 389.70 million cases due to unseasonal rainfall in India, the company improved its EBITDA margin by 82 basis points to 28.5%. Revenue decreased 2.5% year-on-year to Rs. 70,173.00 million, but profit after tax grew 5% to Rs. 13,254.90 million. International markets, particularly South Africa, showed robust growth. VBL commissioned four new Greenfield plants in India and expanded into the snacks category in Morocco. The company declared a second interim dividend of Rs. 0.50 per share.

30Jul 25

Varun Beverages Reports 81% Sequential Profit Jump Despite Revenue Dip

Varun Beverages Ltd (VBL), a PepsiCo bottling partner, announced Q2 results with an 81.2% sequential increase in profit after tax to Rs 1,325.49 crore, despite a 2.3% decline in revenue to Rs 7,333.67 crore. EBITDA margin expanded by 82 basis points to 28.5%. Consolidated sales volumes fell 3% due to adverse weather conditions. The company maintained a net debt-free position and approved an interim dividend of Rs 0.50 per share. VBL's Morocco unit began commercial production of 'Cheetos', marking entry into the snack category.

29Jul 25

Varun Beverages Reports Resilient Q2 Performance Amid Challenging Weather Conditions

Varun Beverages Limited (VBL), a major PepsiCo franchisee, released Q2 results showing resilience amid adverse weather. Revenue decreased by 2.5% to ₹70,173.70 million, while net profit increased by 5.0% to ₹13,254.90 million. Consolidated sales volume declined by 3.0% to 389.70 million cases, with India volumes down 7.1% due to unseasonal rainfall. International volumes grew by 15.1%. The company maintained a balanced product mix with 75% CSD, 7% NCB, and 18% packaged drinking water. VBL commissioned new production facilities in India and expanded operations in South Africa and Morocco. Strategic moves included acquiring a stake in a Sri Lankan visi-cooler manufacturer and increasing stake in its Zambian subsidiary.

29Jul 25

Varun Beverages Reports Resilient Q2 Performance Amid Unseasonal Rains, Expands International Operations

Varun Beverages Ltd (VBL) announced Q2 results with consolidated revenue down 2.5% to ₹70,173.70 million. EBITDA marginally increased by 0.4% to ₹19,987.70 million, while net profit grew 5.0% to ₹13,254.90 million. Sales volume declined 3.0% due to unseasonal rainfall in India, offset partially by 15.1% growth in international markets. The company expanded operations in Morocco and South Africa, commissioned new production facilities in India, and acquired a stake in a Sri Lankan visi-cooler company. VBL announced a second interim dividend of ₹0.50 per equity share.

29Jul 25

Varun Beverages Reports Q2 Volume Decline, Forms Joint Venture for Visi-Cooler Manufacturing

Varun Beverages Limited (VBL) reported a 7.1% drop in India volumes during Q2 due to unseasonal rainfall. Despite this, the company's financial performance remained resilient with a marginal 0.4% increase in EBITDA and a 5.0% growth in net profit. International volumes grew by 15.1%, with strong performance in South Africa. VBL announced a joint venture with Everest International Holdings Limited to manufacture visi-coolers in India. The company also expanded into the snacks category in Morocco and enhanced production capacity in South Africa. A second interim dividend of Rs. 0.50 per share was approved.

29Jul 25

Varun Beverages Reports Mixed Q2 2025 Results with Revenue Decline Offset by Margin Expansion

Varun Beverages Limited (VBL) reported a 2.5% revenue decline to Rs. 70,173.70 million in Q2 2025, with a 3.0% drop in sales volume. However, EBITDA increased by 0.4% to Rs. 19,987.70 million, and PAT grew by 5.0% to Rs. 13,254.90 million. The company's H1 2025 performance showed stronger growth across all metrics. VBL announced an interim dividend of Rs. 0.50 per share and reported expansion initiatives including new production facilities in India, snack production in Morocco, and a stake acquisition in a Sri Lankan company.

27Jul 25

Varun Beverages to Announce Q2 Results, Consider Interim Dividend on July 28

PepsiCo's largest franchise bottler outside the US, Varun Beverages, is set to release its Q2 financial results on July 28. The board will also consider declaring a second interim dividend for FY2025. An earnings call is scheduled for July 29 at 2:30 p.m. IST. The company's previous quarter saw revenue growth of 29% and net profit increase of 30.5%. However, the stock has faced challenges with a 26.79% year-to-date decline, closing at Rs 476.50 on Friday.

16Jul 25

Varun Beverages Sees Significant Block Trade on NSE

A significant block trade of 1,242,884 shares of Varun Beverages Ltd. occurred on the National Stock Exchange (NSE) at Rs. 478.85 per share, totaling Rs. 59.52 crores. This large transaction has drawn attention from market observers due to its potential impact on the company's stock and possible implications for institutional holdings or shareholder strategies. Varun Beverages, a key PepsiCo franchisee outside the US, is a major player in the beverage industry, responsible for bottling, distributing, and marketing various drinks across multiple territories.

05Jun 25

Varun Beverages Sees Significant Block Trade: 2.92 Million Shares Change Hands

A significant block trade of approximately 2.92 million shares of Varun Beverages Ltd. occurred on the National Stock Exchange (NSE). The shares were traded at Rs. 468.20 per share, totaling Rs. 136.93 crore. This large transaction has drawn market attention, potentially indicating shifts in ownership or investor interest. The identities of the buyers and sellers remain undisclosed.

29May 25

Varun Beverages Expands Footprint with New Production Facility in Meghalaya

Varun Beverages Limited has begun commercial production at its new state-of-the-art facility in Mendipathar, Meghalaya. The plant is equipped to manufacture carbonated soft drinks and juice-based beverages, enhancing the company's production capabilities and market presence in northeastern India. This strategic expansion is expected to increase production capacity, facilitate market growth, create local job opportunities, and enable product diversification.

19May 25

Varun Beverages to Acquire 50% Stake in Sri Lankan Company Everest Industrial

Varun Beverages Ltd has approved the acquisition of a 50% stake in Everest Industrial Lanka (Private) Ltd, a Sri Lankan company. This strategic move aims to expand Varun Beverages' presence in the South Asian market. While specific details of the deal remain undisclosed, the acquisition could potentially enhance the company's market presence in Sri Lanka, diversify its product portfolio, and create operational synergies.

15May 25

Varun Beverages: Block Deals and Strong Q1 Results Stir Market Interest

Varun Beverages experienced mixed trading following block deals of 21 lakh shares worth Rs 111.00 crore and the announcement of Q1 results. The company reported a 35% increase in net profit to Rs 537.27 crore, 29.2% revenue growth, and 30.1% sales volume growth year-over-year. Despite initial gains, the stock closed 0.41% lower at Rs 508.00.