Source: Company Website | Photo Credit: BL Companies
shares of Varun Beverages Limited At 10.34am on Thursday, March 19, 2026, they were trading at ₹407.20, down ₹7.90 or 1.90 per cent – opening at ₹410.25 against the previous close of ₹415.10, with an intraday range of ₹405.60-₹410.45.
On March 18, the company confirmed that it had completed the acquisition of 100 percent stake in Twiza Proprietary Limited through its South African subsidiary, The Beverage Company Proprietary Limited (Bevco) at an enterprise value of ZAR 2,053 million (approximately ₹11,398 million). Twiza is now a step-down subsidiary of Varun Beverages.
A day earlier, on March 17, Bevco signed an agreement to acquire 100 percent equity in Crickley Dairy Proprietary Limited for an enterprise value of ZAR 238 million (approximately ₹1,315 million), subject to South African regulatory approval. The Crickly deal marks VBL's entry into value-added dairy and juice-based beverages – a diversification from its core PepsiCo franchise business.
Jefferies has maintained a buy advisory on the stock, although it has reduced its target price to ₹550. The 52-week high is ₹568.50, while the 52-week low is ₹400.45, putting the current price uncomfortably close to the lows. The stock is down about 8 percent in March.
Published March 19, 2026