 | |
| Company type | Public |
|---|---|
| NSE: VBL BSE: 540180 | |
| Industry | Food and beverage |
| Founded | 1995; 31 years ago (1995) |
| Headquarters | , India |
Area served |
|
Key people | Ravi Jaipuria (Founder-Chairman) |
| Revenue |  ₹20,008 crore (US$2.4 billion) (CY2024)[1] |
| ₹4,710 crore (US$560 million) (CY2024)[1] | |
| ₹2,634 crore (US$310 million) (CY2024)[1] | |
Number of employees | 10,000+ (2024) |
| Parent | RJ Corp[2] |
| Subsidiaries |
|
| Website | varunbeverages.com |
Varun Beverages Limited (VBL) is an Indian multinational company that manufactures, bottles and distributes beverages. It is the largestbottling company ofPepsiCo's beverages in the world outside the United States.[3][4] The company was incorporated in 1995 as a subsidiary of RJ Corp, and named after founderRavi Jaipuria's son.[5]
Apart fromcarbonated soft drinks of PepsiCo such asPepsi,7 Up,Mountain Dew andMirinda, the company distributesTropicana and TropicanaSlice fruit juice brands,Gatorade sports-themed beverages,Sting energy drinks, Creambell milkshakes,Duke's club soda,Lipton ready-to-drink ice tea, andAquafina brand ofbottled water.[6][7][8]As of 2019, Varun Beverages is PepsiCo bottler in 27states and 7union territories of India.[9] The company also manufactures and distributes its products inNepal,Sri Lanka,Morocco,Mozambique,Zambia,Zimbabwe,Democratic Republic of Congo,Madagascar,South Africa,Lesotho,Eswatini,Namibia, andBotswana.[10][11][12][13]
In 2022, VBL entered into an agreement to manufactureKurkure Puffcorn for PepsiCo India Holdings.[14]
In 2022, 70% volumes came from selling Carbonated Soft Drinks (CSDs), 23% volumes came from selling packages of drinking water, and the rest 7% volumes came from selling Non-Carbonated Beverages (NCBs). 81% of volume came from India and the rest internationally.[15]
In December 2023, Varun Beverages acquired PepsiCo's South African bottler Bevco for ₹1,320 crore.[16]
In April 2024, Varun Beverages started manufacturing soft drinks at its Gorakhpur facility.[17]
In November 2024, Varun Beverages announced acquisitions of SBC Beverages Tanzania Limited (SBCT) for ₹1304 crore, SBC Beverages Ghana Limited (SBCG) for ₹127 crore, and a 39.93% stake in Lunarmech Technologies Pvt Ltd for ₹200 crore.[18]
In December 2025, Varun Beverages announced the acquisition of a 100% stake in South African soft drinks company Twizza through its South African subsidiary, at an enterprise value of ZAR 2,095 million (approximately ₹1,118 crore).[19]
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