Varun Beverages Ltd Share Price – NSE /  BSE

FMCG, Mid Cap

The acquisition will be executed for a consideration of $32 million (approximately Rs 3,050 million).

The acquisition includes the business along with all assets associated with it as a going concern. The transaction is expected to be completed on or before 1 August 2026, subject to the terms of the agreement.

The company said the acquisition will strengthen VBL's presence in Kenya and the broader East African region by leveraging DFIL Kenya's established manufacturing infrastructure and distribution network.

DFIL Kenya's manufacturing facility is located in Nakuru, Kenya, on a strategically positioned 52-acre land parcel with a built-up area of approximately 17,500 square metres along a national highway. The plant manufactures value-added dairy beverages, juices and packaged drinking water and is equipped with modern infrastructure, including a reverse osmosis (RO) plant, boiler, effluent treatment plant, diesel generator set and air compressor. VBL Kenya is also preparing to commence production of carbonated soft drinks at the facility.

VBL clarified that the acquisition is a related-party transaction, as VBL Industries (Kenya) is a wholly owned subsidiary of Varun Beverages, while DFIL Kenya is a promoter group company. However, the company stated that the transaction has been undertaken on an arm's length basis.

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 counter fell 1.90% to currently trade at Rs 486.30 on the BSE.

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Varun Beverages has allotted 1,68,750 equity shares under ESOP on 01 July 2026. Consequent to the aforesaid allotment, the paid-up shares of the Company is increased from 338,22,96,144 equity shares to 338,24,64,894 equity shares having face value of Rs. 2/- each.

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.

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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.