Varun Beverages (VBL) is PepsiCo India's bottling franchisee, operating since last 25 years. It is engaged in the business of producing and distributing wide range of PepsiCo's beverages. It has total 21 manufacturing facilities in India and a few other countries. Indian operations account for 82% of its total revenues while rest of the r..
accounts 44% of PepsiCo India's revenues (2) In 2015, VBL acquired PepsiCo Post Eq. Paid up Capital: `182.0cr India's business in few states which in our opinion has better profitability (3) The...