Varun Beverages Limited (VBL) is a key player in the beverage industry, holding the position of the second-largest franchisee of PepsiCo outside the U.S. It produces and distributes a wide range of carbonated and non-carbonated beverages.

VBL has seen a robust expansion in its international markets, especially in South Africa. The company reported a 9% growth in international sales volumes, driven by strategic moves and backward integration, enhancing operational resilience and efficiency.

The company is expanding its product offerings, entering the alcoholic beverage sector in Africa through a partnership with Carlsberg Brew A/S. This reflects a strategic move to diversify income streams and strengthen market penetration.

VBL is placing significant emphasis on sustainability initiatives. With targets for reducing carbon footprints and increasing renewable energy, it aims to achieve net-zero GHG emissions by 2050, enhancing environmental responsibility.