Varun Beverages Ltd

Varun Beverages Ltd has announced the incorporation of its wholly-owned subsidiary, KIVA Spirits and Company Limited. This follows an earlier board approval on August 25, 2026, to establish a new entity in India. The company has submitted the detailed disclosure as required by SEBI regulations. This move signifies Varun Beverages' strategic expansion into new business areas, potentially related to the spirits sector.

Varun Beverages Ltd announced its Board of Directors has approved the incorporation of two wholly-owned subsidiaries. The first, KIVA Spirits and Company Limited, will be established in India with a proposed authorized share capital of ₹10 Crore and paid-up capital of ₹9 Crore, focusing on Ready to Drink (RTD), Alcoholic Beverages, and allied products. The second, Varun Beverages Tunisia SA, will be set up in Tunisia with a proposed share capital of TND 9 Million, to produce and distribute beverages including soft drinks, juices, water, and dairy. Varun Beverages Limited will hold 100% of the Indian subsidiary and 75% of the Tunisian venture. Additionally, Mr. Prathmesh Mishra has been appointed as the CEO & Managing Director of the proposed Indian subsidiary.

Varun Beverages Ltd has announced the completion of the merger of its step-down subsidiary, Twizza Proprietary Limited, with its subsidiary, The Beverage Company Proprietary Limited (Bevco). This merger, previously approved by the boards of both entities, was subject to applicable laws in South Africa. Following the completion, Twizza is no longer a step-down subsidiary of Varun Beverages. The company had previously disclosed the initial approval for this merger on July 2, 2026.

Varun Beverages Ltd has announced its ESG Rating for FY26, which has improved to 63 from 62 in FY25. The rating was assigned by NSE Sustainability Ratings & Analytics Limited. This voluntary rating reflects the company's ongoing commitment to Environmental, Social, and Governance practices. The improved score indicates positive progress in the company's sustainability efforts, which is increasingly important for investors and stakeholders. The details of this rating are available on the company's website.

Varun Beverages (Zimbabwe) (Private) Limited, a subsidiary of Varun Beverages Limited, has incorporated a new joint venture company in Zimbabwe named "Varun Beverages Holding (Zimbabwe) (Private) Limited". The incorporation took place on August 3, 2026. This new entity will function as a holding/investment company in Zimbabwe. Varun Beverages (Zimbabwe) (Private) Limited will hold a 70% stake, with Mega Market Private Limited holding the remaining 30%. The authorized share capital is USD 500,000, and the paid-up share capital is USD 1,000.

Varun Beverages Ltd (VBL) announced that its wholly-owned subsidiary, VBL Industries (Kenya) Limited, has successfully completed the acquisition of value-added dairy beverages, juices, and packaged drinking water business from Devyani Food Industries (Kenya) Limited. The transaction, valued at USD 32 million, was initially disclosed on July 6, 2026, and was expected to conclude by August 1, 2026. The acquisition is now effective as of August 1, 2026, marking a significant expansion for VBL in the Kenyan market.

Varun Beverages Ltd's Board of Directors has approved the payment of a second interim dividend of ₹0.50 per equity share for the Financial Year 2026. The dividend will be paid to shareholders of record as of August 1, 2026, with payment commencing on August 4, 2026. The board also reviewed the unaudited financial results for the quarter and half-year ended June 30, 2026, which were reported with an unmodified opinion by the joint statutory auditors. The company's financial year runs from January 1 to December 31.

Varun Beverages Ltd announced that its Board of Directors has fixed Saturday, August 1, 2026, as the record date for its second interim dividend for the Financial Year 2026. The dividend payout will be ₹0.50 per equity share. The company also approved its unaudited financial results for the quarter and half-year ended June 30, 2026, which showed unmodified opinions from its joint statutory auditors. The dividend will be paid on or after Tuesday, August 4, 2026, to shareholders of record as of August 1, 2026. The company follows a January-December financial year.

Varun Beverages Limited (VBL) announced its Q2 and H1 CY2026 financial results, reporting a 20.4% year-on-year revenue growth to ₹84,512.3 million for Q2 2026. Consolidated sales volume increased by 19.8% to 466.7 million cases, driven by strong performance in India and international territories, including 11.8 million cases from the Twizza acquisition. Gross margins improved by 44 bps to 55.0%. EBITDA rose 17.2% to ₹23,430.4 million, though EBITDA margins declined slightly due to the Twizza acquisition. Profit After Tax (PAT) grew 15.1% to ₹15,253.6 million. For H1 2026, revenue increased by 19.4% to ₹150,254.2 million, with EBITDA up 18.7% and PAT up 16.9%. The company also highlighted strategic moves like extending its PepsiCo bottling agreement and entering a partnership with Asahi Group for the CALPIS brand.

Varun Beverages Ltd's Board of Directors approved the unaudited financial results for the quarter and half-year ended June 30, 2026. The board also approved the payment of a second interim dividend of ₹0.50 per equity share for the Financial Year 2026. The record date for this dividend has been fixed as Saturday, August 1, 2026, with the payment scheduled for Tuesday, August 4, 2026. The company's financial year runs from January 1 to December 31.