Archive · 20 Nov 2025
Varun Beverages Expands into Kenya, Boosts International Growth
Varun Beverages, a big PepsiCo partner, is expanding into Kenya.
They made a new company there to make and sell drinks.
This is part of their plan to grow in Africa.
Last quarter, they sold more drinks and made more money, even with bad weather in India.
They're also doing well in other countries like South Africa.
Varun Beverages Ltd, PepsiCo's largest global franchise bottler, incorporated a subsidiary in Kenya
The new entity, VBL Industries (Kenya) Limited, will manufacture, distribute, and sell beverages in Kenya
This move follows Varun's October agreement with Carlsberg for African beer market entry
Varun's Q3 sales volume increased 2.4% YoY to 273.8 million cases, driven by 9% international growth
Net profit rose 20% to ₹742 crore, boosted by lower finance costs and higher other income
- Who
- Varun Beverages Ltd
- What
- Expanded into Kenya and reported Q3 results
- When
- Recently (Q3 results) and Kenya expansion is ongoing
- Where
- Kenya (new expansion) and India, South Africa (existing operations)
- Why
- To grow in the African market and increase sales
- Parent Company
- PepsiCo
- Kenyan Subsidiary
- VBL Industries (Kenya) Limited
- Q3 Sales Volume Growth
- 2.4% YoY
- International Sales Volume Growth
- 9%
- Net Profit Increase
- 20% to ₹742 crore
- Market Cap
- ₹1.53 lakh crore
- Stock Performance (18/11/2023)
- Down 0.74% to ₹454.00