Varun Beverages Limited has announced that its South Africa-based subsidiary, The Beverage Company Proprietary Limited (Bevco), has entered into an agreement to acquire a full stake in Crickley Dairy Proprietary Limited, marking its expansion into new product categories.
The transaction involves the acquisition of 100% equity stake in Crickley Dairy, a South Africa-incorporated company.
The deal aligns with Varun Beverages’ strategy to diversify beyond its core beverage offerings into value-added dairy and juice-based products.
The agreement was executed on March 17, 2026, and remains subject to necessary regulatory approvals, including clearance from the Competition Commission of South Africa.
Bevco will acquire Crickley Dairy at an enterprise value of ZAR 238 million (approximately ₹1,314.68 million), based on an exchange rate of 1 ZAR = ₹5.52.
The acquisition does not involve any related-party transactions, and there are no existing shareholding relationships between the entities prior to the deal.
The move is aimed at expanding Varun Beverages’ product portfolio by entering adjacent segments within the beverage ecosystem.
By leveraging Bevco’s presence in South Africa, the company plans to strengthen its footprint in dairy-linked and juice-based offerings, which complement its existing business.
Read More: Varun Beverages Share Price in Focus on Q4 and CY2025 Earnings Results: PAT Up 32.9%!
As of March 18, 2026, at 12:42 PM, Varun Beverages share price is trading at ₹416.85 per share, reflecting a surge of 2.55% from the previous closing price.
The acquisition marks a strategic step for Varun Beverages in diversifying its revenue streams and strengthening its international presence through expansion into new product segments.
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Published on: Mar 18, 2026, 1:41 PM IST
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