The demand outlook for VBL remains constructive. India’s per capita soft drink consumption is among the lowest globally, and VBL’s dual strategy of deepening retailpenetration (via visi-coolers and distribution expansion) and broadening the consumer funnel (via affordable price-point launches) should sustain double-digit volume growth through CY2026. The international portfolio now spanning 10 franchise countries with distribution in 4 more provides diversification and a structural growth vector, particularly in underpenetrated African markets.