Varun Beverages Limited (VBL) is a listed company that describes itself as part of the RJ Corp group. At 30 September 2026 the promoter and promoter group held 59.43% of the equity, led by RJ Corp Limited with 25.28%, Ravi Kant Jaipuria with 16.71% and Varun Jaipuria with 15.43%, according to the shareholding pattern filed for that quarter. Ravi Kant Jaipuria is chairman and Varun Jaipuria executive vice-chairman.
VBL makes, distributes and sells PepsiCo’s carbonated soft drinks, juice-based drinks, sports and energy drinks and Aquafina water under PepsiCo trademarks, and it says it handles more than 90% of PepsiCo India’s sales volume. On 21 May 2026 it signed a revised exclusive bottling and trademark licence agreement for India extending the term to 30 April 2049. It also sells CreamBell dairy-based drinks under licence, makes Cheetos in Morocco and Zimbabwe, and has its own brands in some markets. In the year to 31 December 2025 consolidated sales volume was 1,213.1 million unit cases, net revenue from operations Rs 216,853.8 million and profit after tax Rs 30,620.4 million. It reported 53 production facilities, 38 in India and 15 international, in its Q2 CY2026 results presentation, and over 16,300 full-time staff worldwide at 31 December 2025.