Varun Beverages locks in PepsiCo bottling pact through 2049, gains freedom to court rival brands
VBL extended its exclusive India bottling and trademark licensing agreement with PepsiCo by a decade to April 30, 2049. Critically, the revised pact drops the non-compete clause that barred VBL from non-PepsiCo businesses, opening the door to category and brand diversification across its 27-state footprint.
Varun Beverages has extended its exclusive PepsiCo bottling and trademark licensing agreement in India until April 30, 2049, from 2039. The revised pact also removes a clause restricting VBL from pursuing non-PepsiCo businesses, enabling broader expansion.