Varun Beverages shares will be on investors’ radar after the company, on Monday, July 6, said its Kenya subsidiary entered into an agreement to acquire the beverages, juices and packaged drinking water business of Devyani Food Industries (Kenya) for ₹305 crore.
The acquisition will enable Varun Beverages (VBL) to deepen its penetration in Kenya and the broader East African region by leveraging Devyani Food Industries (DFIL) Kenya’s manufacturing infrastructure and distribution capabilities.
Varun Beverages’ subsidiary will also acquire all associated assets of DFIL Kenya on a going concern basis for a consideration of $32 million. The transaction is expected to be completed on or before August 1, 2026.
The manufacturing facility is located on a 52-acre land parcel along a national highway in Nakuru, Kenya, with a built-up area of 17,500 square meters. The site houses a unit to produce value-added dairy beverages, juices, and packaged drinking water, Varun Beverages said in a regulatory filing.
The plant is equipped with key utilities, including a RO plant, boiler, effluent treatment plant, DG set, and air compressor. It is also accredited by international agencies.
Last month, Varun Beverages, one of the largest franchisees of PepsiCo in the world (outside the USA), announced its business alliance with Japan’s Asahi Group Holdings to introduce the CALPIS products into the Indian market.
Varun Beverages Q1 results
Varun Beverages had recorded a 20% rise in its first quarter net profit to ₹878 crore, compared year-on-year with ₹731 crore in the same period, according to the consolidated financial statements. The company follows the calendar year format for reporting its financial results.
The company’s revenue from core operations rose 18% to ₹6,721 crore in the March quarter for the calendar year ended 2025-26, compared to ₹5,680 crore in the same period a year ago, according to filing data.
The consolidated financial statements also showed that the company’s input costs for the quarter increased 18% YoY to ₹3,152 crore, compared to ₹2,671 crore in the same period a year ago.
The data also showed that Varun Beverages’ earnings per share (EPS) rose to ₹2.58 apiece in the March quarter, compared to ₹2.15 per share at the same period of the previous financial year.
The NSE filing showed that Varun Beverages’ gross margins improved by 62 basis points (bps) in the January to March quarter, driven by early stocking of key manufacturing raw materials despite the inflationary situation in the raw material market.
Varun Beverages share price trends
From the beginning of the year, Varun Beverages shares have gained 0.32%. Over a month’s time, the stock has slipped 5.5%, while it has fallen 1.1% in the last six months. On a year-on-year basis, it has jumped 6.3%.
On Monday, Varun Beverages shares settled at ₹494.85 apiece on the National Stock Exchange, falling 4.06%.
Shares of the company had touched their one-year high of ₹555.80 apiece on June 17, 2026, while their 52-week low of ₹381 was hit on March 23, 2026.
Varun Beverages has a total market capitalisation of ₹1.67 lakh crore as of July 6, 2026, according to data on the NSE.