New Delhi, Oct. 29 -- Varun Beverages, one of the largest franchisees of PepsiCo globally (outside the U.S.), announced its financial performance for the September quarter today, October 29, along with a key update on its entry into the alco-beverages market.

In its Q3CY25 earnings filing, the company said that certain African subsidiaries of VBL will enter the beer market through an exclusive distribution agreement with Carlsberg Breweries.

"We are also diversifying our product offerings, and certain African subsidiaries of VBL will test market beer in their territories through an exclusive distribution agreement with Carlsberg Breweries A/S for their Carlsberg brand," the company said in its filing.

Meanwhile, the company has incorpo...