What we do Varun Beverages Limited is a major PepsiCo franchisee, producing and distributing carbonated and non-carbonated beverages across India and several international markets. |
Founded in 1,995 |
Market share Second largest PepsiCo franchisee globally outside the US, dominant across 26 Indian states and multiple African and Asian countries. |
Problem solved Provides wide availability of popular PepsiCo beverages, addressing consumer demand with efficient production and distribution infrastructure. |
Top clients or who we serve Serves retailers, distributors, and end consumers (B2B and B2C) across food and beverage sectors in India and international markets. |
Key management Chairman Mr. Ravi Kant Jaipuria, recognized entrepreneur and PepsiCo's International Bottler of the Year awardee. |
Our journey and innovations Since 1990s, expanded licensed territories, diversified portfolio, established 48 production plants, and incorporated backward integration facilities. |
Where we operate India including 26 states and 6 union territories; international presence in Nepal, Sri Lanka, Morocco, Zambia, Zimbabwe, DRC, South Africa, Lesotho, Eswatini. |
Top products or what we offer Flagship PepsiCo brands including Pepsi, Mountain Dew, Tropicana, Gatorade, Seven-Up, Aquafina water, and snacks manufacturing in select territories. |
Top brands Pepsi (#1 franchise volume), Mountain Dew, Tropicana juices, Sting energy drink, Seven-Up, Aquafina packaged water; leading portfolio across beverage segments. |
Raw materials needed Water, concentrate from PepsiCo, packaging materials including PET bottles, cans, caps, and raw materials for snack manufacturing. |
Raw materials supplier PepsiCo supplies concentrate; packaging materials procured from integrated backward facilities and various suppliers. |
Recurring vs cyclical contribution Majority of revenue is recurring through continuous beverage production and distribution cycles across seasons. |
Our industry position Market leader in PepsiCo beverage franchise volumes with extensive geographic reach and strong manufacturing and distribution network. |
Financial highlights In 2024, consolidated revenue Rs. 21685 crore, net profit Rs. 3062 crore; consistent CAGR ~8-16% revenue growth over recent years. |
Geographical revenue split Approximately 67% revenue from India; 33% from international operations across Africa and Asia. |
Order book Not specifically reported; long term franchise agreements with PepsiCo ensure stable operations and growth capacity. |
Whats driving growth Expanding geographic footprint, new product introductions, greenfield plant expansions, backward integration, and increasing health-oriented product mix. |
Our future plans Capex on new plants in India and international markets; acquisitions in Africa; expansion in snacks and beverage portfolio; focus on sustainability. |
Our green promise Committed to water positivity, renewable energy, rPET packaging, electric vehicles in distribution, and carbon footprint reduction for sustainability. |
Our people and values Professional, diverse workforce with focus on ethics, continuous improvement, and empowering employees across 2800+ distributors and 2600+ vehicles. |
Key challenges ahead Managing commodity price volatility, regulatory changes, intense competition, and operational integration of acquisitions across markets. |
Interesting facts Second largest PepsiCo franchisee globally outside US; chairman won PepsiCo International Bottler of the Year in 1997; extensive backward integration. |
Risks and strategy Key risks include market fluctuations and regulatory environment; mitigated via diversified portfolio, strong supply chain, and strategic acquisitions. |
