Varun Beverages

Varun Beverages Limited (VBL) is an Indian company that produces, bottles and distributes beverages. It is the second largest bottling company of PepsiCo's beverages in the world outside the United States.[2][3] The company was incorporated in 1995 as a subsidiary of RJ Corp, and named after founder Ravi Jaipuria's son.[4]

Varun Beverages Limited
TypePublic
NSE: VBL
BSE: 540180
IndustryBeverage
Founded1995
Headquarters
Gurgaon, Haryana
,
India
Area served
  • India
  • Nepal
  • Sri Lanka
  • Morocco
  • Mozambique
  • Zambia
  • Zimbabwe
Key people
Ravi Jaipuria (Founder-Chairman)
RevenueIncrease ₹9,410 crore (US$1.2 billion) (FY2022)
Increase ₹1,302.14 crore (US$160 million) (FY2022)
Increase ₹819.0 crore (US$100 million) (FY2022)
ParentRJ Corp[1]
Websitevarunpepsi.com

Apart from carbonated soft drinks of PepsiCo such as Pepsi, 7 Up, Mountain Dew and Mirinda, the company distributes Tropicana and Tropicana Slice fruit juice brands, Gatorade sports-themed beverages, Sting energy drinks, Duke's club soda, Lipton ready-to-drink ice tea, and Aquafina brand of bottled water.[5][6][7] As of 2019, Varun Beverages is PepsiCo bottler in 27 states and 7 union territories of India.[8] The company also distributes its products in Nepal, Sri Lanka, Morocco, Mozambique, Zambia and Zimbabwe.[9][10][11]

In 2022, VBL entered into an agreement to manufacture Kurkure Puffcorn for PepsiCo India Holdings.[12]

See also

References
  1. "Varun Beverages on verge of bagging more territories from PepsiCo in India". Business Standard. Retrieved 22 May 2020.
  2. "India's per-capita soft drink consumption to be almost double to 84 bottles a year by 2021: VBL". Economic Times. Retrieved 22 May 2020.
  3. "Varun Beverages raises stake in Zambia subsidiary". Livemint. Retrieved 22 May 2020.
  4. "Pepsi Bottler Ravi Jaipuria Is Newest Indian Billionaire". Forbes. Retrieved 22 May 2020.
  5. "Outlier: A quick view of Varun Beverages". Moneycontrol. Retrieved 22 May 2020.
  6. "Varun Beverages: Beneficiary of inorganic growth, but how long can it sustain?". Moneycontrol. Retrieved 22 May 2020.
  7. "Varun Beverages: Operating leverage and higher realization drive earnings" (PDF). Motilal Oswal. Retrieved 8 February 2023.
  8. "Varun Beverages to bottle all the Pepsi that India drinks". Economic Times. Retrieved 22 May 2020.
  9. "Varun Beverages Company History". Business Standard. Retrieved 22 May 2020.
  10. "Varun Beverages, promoted by PepsiCo bottler RJ Corp, files for IPO". Economic Times. Retrieved 22 May 2020.
  11. "Why Varun Beverages, One Of Pepsico's Largest Bottlers, Is Going Public". Bloomberg Quint. Retrieved 22 May 2020.
  12. "Varun Beverages gains after entering into agreement to manufacture Kurkure Puffcorn". Business Standard India. 2 March 2022. Retrieved 8 February 2023.
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