Part of RJ Corp
Varun Beverages
Latest, :
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
- Reported: Use the existing Zimbabwe snacks network to rapidly onboard Mondelez brands and maximize route-density gains, while managing continuity around the COO transition.Reported: Varun Beverages wins exclusive Mondelez distribution rights in Zimbabwe. Varun Beverages’ Zimbabwe subsidiary will exclusively distribute Mondelez chocolates, biscuits, candy and gum from October 1, 2026, leveraging its existing snacks distribution network without planned capex. COO Manmohan Rupal Paul separately resigned effective September 24.Watch:
- Reported: Varun Beverages has approved KIVA Spirits, an India-focused alcoholic-beverages subsidiary, and a Tunisia beverage joint venture in which it will hold 75%.Reported: Watch:
Background
From 8 stories, the newest dated 12 Oct 2026. Summary written 13 Oct 2026.
Varun Beverages is described by ET Retail as the PepsiCo India bottler.[1] source: ET Retail
Show 3 more paragraphs and 8 sources
It has a Zimbabwe subsidiary [2] source: Financial Express and a subsidiary named Bevco.[3] source: CNBC-TV18 Business Today reported a market capitalization of Rs 1.4 lakh crore in September 2026.[4] source: Business Today ET Small Business reported standalone revenue of Rs 15,070.7 crore for Varun Beverages.[5] source: ET Small Business
In September 2026, Varun Beverages' Zimbabwe subsidiary secured exclusive rights to distribute Mondelez chocolate, biscuits, candy and gum from October 1, 2026, using its existing snacks network with no planned capex.[2] source: Financial Express Bevco's proposed ZAR 238 million acquisition of 100% of Crickley Dairy, with the agreement signed on March 17, 2026, was referred to arbitration after a condition remained unmet by September 30.[3] source: CNBC-TV18 The company disclosed H1 2026 net capitalized capex of Rs 9,500 million, including Rs 2,000 million for India brownfield expansion and Rs 1,000 million for a Zimbabwe snack plant.[6] source: ET Small Business Uttar Pradesh listed Varun Beverages' ₹1,071-crore GIDA plant among projects grounded since February 2023.[7] source: Financial Express Its shares reached a 52-week high of Rs 555.60 on June 17, 2026, and had fallen 25% from that level over three months by September 14.[4] source: Business Today ET BrandEquity said Varun Beverages is expected to post Q2 revenue growth of over 20 per cent.[8] source: ET BrandEquity
COO Manmohan Rupal Paul resigned effective September 24.[2] source: Financial Express Brokerages cited CALPIS's India launch, Sting and dairy growth, with targets ranging from Rs 445 to Rs 654.[4] source: Business Today
Sources
Questions about Varun Beverages
What is Varun Beverages' current strategy in India?
In September 2026, Varun Beverages' Zimbabwe subsidiary won exclusive Mondelez distribution rights from October 1, 2026.[2] source: Financial Express Also in September 2026, Bevco referred its ZAR 238 million Crickley Dairy acquisition to arbitration.[3] source: CNBC-TV18 Its H1 2026 capex included Rs 2,000 million for India brownfield expansion.[6] source: ET Small Business
More stories about Varun Beverages
- Varun Beverages misses Q1 estimates, says Campa Cola has not dented growth
- PepsiCo extends Varun Beverages bottling pact to 2049, lifts exclusivity curbs
- Varun Beverages locks in PepsiCo bottling pact through 2049, gains freedom to court rival brands
Stories that mention Varun Beverages
7 stories
Varun Beverages is named in these stories but is not their subject.
- UPI MDR start may be deferred to 1 January 2027 from 15 October; PC Jeweller Q2 revenue up about 28%
- Bira 91 faces ₹11.77 crore IBC default notice from glass supplier HNGIL
- Morgan Stanley names Lenskart, Trent and Varun Beverages among India growth picks
- Coca-Cola loses India value share as Campa Cola sharpens price competition
- RJ Corp hires ex-Diageo executive Prathmesh Mishra for drinks expansion
- Campa gains 7-8% share in India’s fizzy-drinks market, tightening pressure on Pepsi
- Devyani International hits 1,735 stores; KFC overtakes Pizza Hut as flagship brand