Upon completion of this acquisition, Varun Beverages will be a franchisee for PepsiCo products across 20 states and 2 Union Territories of India. On a consolidated basis, net profit of Varun Beverages rose 159.9% to Rs 33.71 crore on 8% rise in net sales to Rs 959.79 crore in Q3 September 2017 over Q3 September 2016. Varun Beverages (VBL) is a key player in beverage industry and one of the largest franchisee of PepsiCo in the world (outside USA). Powered by Capital Market - Live News