Varun Beverages Ltd.'s arm Beverage Company Proprietary Ltd. or Bevco is set to acquire a 100% stake in South Africa's Crickley Dairy Proprietary, as per an exchange filing on Tuesday.
"We would like to inform you that The Beverage Company Proprietary Limited (“Bevco”), subsidiary of Varun Beverages Limited, has executed an Agreement dated March 17, 2026 at 1:53 PM India time for acquisition of 100% equity stake of Crickley Dairy Proprietary Limited," the filing stated.
Further, it highlighted that Bevco will buy full equity stake of Crickley for an Enterprise Value of Rs 131 crore or 238 million South African Rands.
Bevco's parent Varun Beverages posted a strong third quarter result with net profit rising over 36% to Rs 252 crore and Revenue up 14% to Rs 4,204 crore from Rs 3,689 crore in the year-ago period.
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Here are the highlights:
Varun Beverages Q3 results (Consolidated, YoY)
- Revenue up 14% at Rs 4,204 crore vs Rs 3,689 crore
- Ebitda up 10.2% at Rs 639 crore vs Rs 580 crore
- Margin 15.2% vs 15.7%
- Net Profit up 36.2% at Rs 252 crore vs Rs 185 crore
Varun Beverages Share Price
The stock of Varun Beverages closed 0.20% lower at Rs 406.35 apiece on the NSE. This compared to a 0.74% advance in the Nifty index. Shares have fallen 17.05% year-to-date and 19.89% in the last 12 months.
Out of the 29 analysts tracking the stock on Bloomberg, 23 have a 'buy' call, while three suggest holding the shares with a consensus target price of Rs 557.36.
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