Varun Beverages expansion and earnings growth

In late July 2026, Varun Beverages Ltd, India’s largest PepsiCo bottler, announced a 15% rise in quarterly net profit and a 20% jump in revenue, driven by strong volume growth both domestically (14% increase) and internationally, notably after acquiring South Africa’s Twizza. The company also highlighted a shift toward premium, experience‑focused beverages in the Indian market.

A few days later, the firm reported continued momentum, citing a partnership with Japan’s Asahi Group to launch the CALPIS fermented‑dairy brand and double‑digit growth in its Nimbooz and value‑added dairy lines. Expansion continued across South Africa, Zimbabwe and Zambia, while raw‑material price pressures were mitigated through early sourcing and a higher share of low‑sugar products. In the same period, Zimbabwe’s Delta Corporation posted a 23% revenue increase, driven by rising lager and sorghum‑beer volumes and capacity expansions at its breweries.

Together, the snapshots illustrate Varun Beverages’ rapid profit and volume gains, strategic acquisitions, product diversification, and geographic expansion throughout emerging markets, alongside parallel growth trends at a regional competitor.