Varun Beverages (Varun) is the one of the largest franchisees for PepsiCo globally (ex-US) in production and distribution of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs) sold under trademarks owned by PepsiCo. The company has been associated with PepsiCo since 1990 and has expanded its presence to 17 states and two union territories in India, Nepal, Sri Lanka, Morocco, Mozambique and Zambia with an estimated annual production capacity of 3,43.8 crore litre in India and 99.2 crore litre in international production facilities....