PepsiCo Bottling Partner Varun Beverages Extends Exclusive India Agreement Till 2049; DII Stake Increases
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Varun Beverages signed a revised bottling and trademark agreement with PepsiCo, extending the India partnership by 10 years till April 2049
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On Friday, the Indian equity benchmarks traded higher during the morning session, with the benchmark Nifty 50 index rising 0.50 per cent to 23,773.65. FMCG and beverage stocks remained in focus following key corporate developments and agreement renewals. In this segment, Varun Beverages share price gained 1.47 per cent to Rs 527.50 after the company announced revision of its Exclusive Bottling Appointment and Trademark License Agreement with PepsiCo Inc.
Varun Beverages Revises PepsiCo Agreement
Varun Beverages informed the exchanges that it has entered into a revised Exclusive Bottling Appointment and Trademark License Agreement for India with PepsiCo Inc. and its affiliates on May 21, 2026.
The revised agreement extends the validity of the bottling and trademark arrangement till April 30, 2049, compared to the earlier agreement which was valid till April 30, 2039.
Key Changes In Revised Agreement
The company stated that under the earlier agreement, Varun Beverages was restricted from carrying out any activity other than acting as a special purpose vehicle for PepsiCo business. This restriction has now been removed under the revised agreement.
The company added that the revised agreement strengthens its long-term relationship with PepsiCo and provides operational flexibility going forward.
Varun Beverages Shareholding Pattern
As per the latest March 2026 shareholding pattern, promoter holding in Varun Beverages stood at 59.43 per cent. Foreign institutional investor holding declined to 19.51 per cent from 20.31 per cent in December 2025, while domestic institutional investor holding increased to 14.35 per cent from 13.56 per cent during the same period.
The number of shareholders in the company increased to 8,77,604 in March 2026 compared to 8,72,933 reported in December 2025.
About Varun Beverages
Varun Beverages Ltd is one of the largest franchisees of PepsiCo beverages globally outside the United States. The company manufactures and distributes carbonated soft drinks, juices, packaged drinking water and sports drinks across India and multiple international markets.
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Disclaimer: This article is for informational purposes only and not investment advice.