Pepsi India bottler Varun Beverages gains on Twizza deal
ReutersDec 22, 2025 6:23 AM
Shares of Pepsi India bottler Varun Beverages VARB.NS rise 2.3% to 480.80 rupees
Co to acquire South African beverages company Twizza at an enterprise value of 11.19 billion rupees
Citi reiterated "buy" rating on the stock with TP of 675 rupees
Says acquisition could help further scale up co's soft drinks business in Africa
Brokerage expects Varun Beverages' India business performance to improve and scale-up of the international business could be long-term growth drivers
Stock rated "Buy" on avg; median PT at 588.50 rupees - data compiled by LSEG
Stock down 24.7% YTD
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