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Varun Beverages enhances portfolio with PepsiCo

15 Jul 2024 Evaluate

Varun Beverages has enhanced its portfolio with PepsiCo. In this regard, the company’s wholly-owned subsidiary -- Varun Foods (Zimbabwe) has entered into exclusive agreement with Premier Nutrition Trading LLC, Dubai (subsidiary of PepsiCo Inc.) to manufacture, distribute & sell snacks ‘Simba Munchiez’ in the territory of Zimbabwe on or before October 1, 2025 (i.e. the expected date of start of commercial production from its own manufacturing facility).

Furthermore, the company’s subsidiary -- Varun Beverages (Zambia) has entered into exclusive agreement with Premier Nutrition Trading LLC, Dubai to manufacture, distribute & sell snacks ‘Simba Munchiez’ in the territory of Zambia on or before April 1, 2026 (i.e. the expected date of start of commercial production from its own manufacturing facility).

Varun Beverages is franchisee of CSDs and NCBs sold under trademarks owned by PepsiCo in India and internationally.

Peers
Company Name CMP
Nestle India 1388.65
Varun Beverages 412.55
Britannia Industries 5012.00
LT Foods 415.40
Hatsun Agro Product 1221.80
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