Pepsi India bottler Varun Beverages gains on Twizza deal

Varun Beverages

22/12/2025 06:23

** 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

 (Reporting by Brijesh Patel in Bengaluru)

 ((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))