NSE:VBL

Asahi Group Partners with Varun Beverages to Launch CALPIS Brand in India

Asahi Group (TYO:2502) has entered into a franchise agreement with the beverage bottling company Varun Beverages (NSE:VBL, BOM:540180) to launch its CALPIS brand in India, according to a Thursday release.The Japan-based food and beverage company said that under the deal, its ready-to-drink dairy-based product will be launched in two flavors in the second half of 2026 or later.Asahi will oversee product development and provide technical support, while Varun Beverages will handle manufacturing, distribution, and sales.

Jefferies Adjusts Varun Beverages' Price Target to INR615 from INR550, Keeps at Buy

Varun Beverages' Consolidated Net Profit Rises in Fiscal Q1

Varun Beverages' (NSE:VBL, BOM:540180) consolidated attributable net profit rose to 8.72 billion Indian rupees in the fiscal first quarter ended March 31, from 7.26 billion rupees a year ago.Earnings per share came in at 2.58 rupees from 2.15 rupees a year earlier, the beverages bottling company said in a filing to the Indian bourses on Monday.Revenue from operations in fiscal Q1 also increased to 67.2 billion rupees from 56.8 billion rupees a year ago.The company's board declared an interim dividend of 0.50 rupees per equity share for the nominal value of 2 rupees each. The dividend will be paid on May 5.