Varun Beverages Ltd Share Price – NSE /  BSE

FMCG, Mid Cap

Starting in the second half of 2026, a ready-to-drink, non-alcohol/non-carbonated dairy based product will be launched under the name CALPIS, with two flavor offerings - original and mango. This marks Asahi Group?s first entry into India?s non-alcohol/non-carbonated beverage market.

Under this alliance, Asahi Group Holdings will be responsible for product development and providing technical support for the production of CALPIS-branded beverages, while its local subsidiary will oversee marketing and brand management. Varun Beverages will handle manufacturing, distribution and sales.

This alliance enables Asahi Group to focus on product development and marketing in India, while Varun Beverages adds a product with unique value to its portfolio?creating a partnership expected to deliver mutual benefits.

India is an extremely promising market for non-alcohol beverages. The market has grown remarkably, expanding by approximately 2.3 times in volume over the past decade through 2025.

The market is expected to offer numerous growth opportunities, driven by factors such as population growth, the expansion of the wealthy middle-class, and rising health-consciousness among consumers.

Varun Jaipuria, executive vice chairman at Varun Beverages Limited, said: ?We are honored to partner with Asahi Group, one of the world?s leading beverage companies, renowned for its iconic brands and deep understanding of consumer preferences across markets.

CALPIS is a brand with over a hundred years of heritage and consumer trust, and we are excited to introduce it to India. This is a category we are committed to building at Varun Beverages and one in which we see significant long-term potential.

By combining Asahi?s global expertise with Varun Beverages? manufacturing strength and extensive distribution network, we look forward to establishing CALPIS as one of the leading brands for Indian consumers.?

Varun Beverages is a key player in the beverage industry and one of the largest franchisees of PepsiCo in the world (outside the USA). As of this date, VBL has been granted franchises for various PepsiCo products across 26 states and 6 union territories in India. VBL has also been granted the franchise for various PepsiCo products for the territories of Nepal, Sri Lanka, Morocco, Zambia, Zimbabwe, South Africa, Lesotho, Eswatini & DRC and distribution rights for Namibia, Botswana, Mozambique and Madagascar.

The company reported a 20.08% jump in consolidated net profit to Rs 872.35 crore in Q1 CY26 as compared with Rs 726.49 crore posted in Q1 CY25. Revenue from operations (excluding excise duty) surged 18.09% YoY to Rs 6,574.19 crore in Q1 CY26.

The scrip shed 0.56% to currently trade at Rs 541.10 on the BSE.

Powered by Capital Market - Live News

Asahi Group Holdings has entered into a business alliance agreement for franchising the CALPIS brand with Varun Beverages to introduce the CALPIS products into the Indian market.

Starting in the second half of 2026 or thereafter, a ready-to-drink, non-alcohol/non-carbonated dairy based product will be launched under the name CALPIS, with two flavor offerings: Original and Mango. This marks Asahi Group's first entry into India's non-alcohol/non-carbonated beverage market.

CALPIS is Japan's pioneering fermented milk-based beverage with a refreshingly sweet and tangy taste that has been enjoyed for more than a century. The brand offers a variety of products, including a concentrate for home preparation and ready-to-drink versions.

Under this alliance, Asahi Group Holdings will be responsible for product development and providing technical support for the production of CALPIS-branded beverages, while its local subsidiary will oversee marketing and brand management. Varun Beverages will handle manufacturing, distribution and sales. This alliance enables Asahi Group to focus on product development and marketing in India, while Varun Beverages adds a product with unique value to its portfolio?creating a partnership expected to deliver mutual benefits.

Varun Beverages Ltd is up for a third straight session in a row. The stock is quoting at Rs 542.2, up 1.44% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.23% on the day, quoting at 23851.2. The Sensex is at 75767.34, down 0.13%. Varun Beverages Ltd has added around 5.55% in last one month.

Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has added around 2.26% in last one month and is currently quoting at 50141.9, down 0.45% on the day. The volume in the stock stood at 39.13 lakh shares today, compared to the daily average of 54.84 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 543.95, up 1.24% on the day. Varun Beverages Ltd is up 13.92% in last one year as compared to a 3.63% fall in NIFTY and a 9.7% fall in the Nifty FMCG index.

The PE of the stock is 64.87 based on TTM earnings ending March 26.

Powered by Capital Market - Live News

The changes in the aforesaid agreement include extension of the EBA for a term up to 30 April 2049, revised from earlier term up to 30 April 2039.

The earlier EBA restricted VBL from carrying out any activity other than to act as an SPV for PepsiCo business, now this requirement is deleted in the revised EBA.

Varun Beverages is a key player in the beverage industry and one of the largest franchisees of PepsiCo in the world (outside the USA). As of this date, VBL has been granted franchises for various PepsiCo products across 26 states and 6 union territories in India. VBL has also been granted the franchise for various PepsiCo products for the territories of Nepal, Sri Lanka, Morocco, Zambia, Zimbabwe, South Africa, Lesotho, Eswatini & DRC and distribution rights for Namibia, Botswana, Mozambique and Madagascar.

The company reported a 20.08% jump in consolidated net profit to Rs 872.35 crore in Q1 CY26 as compared with Rs 726.49 crore posted in Q1 CY25. Revenue from operations (excluding excise duty) surged 18.09% YoY to Rs 6,574.19 crore in Q1 CY26.

Powered by Capital Market - Live News