Indian beverage giant Varun Beverages plans Tunisian expansion amid bottled water shortage
Indian beverage giant Varun Beverages, one of PepsiCo's largest franchisees outside the United States, is preparing to establish a presence in Tunisia. The group plans to create a company with a Tunisian partner, capitalized at nine million dinars, for the production and distribution of carbonated drinks, juices, water, and dairy products. This announcement comes as the Tunisian bottled water market has experienced significant tensions for several weeks. Varun Beverages Limited announced its intention to form a joint venture in Tunisia on August 25, 2026, as detailed in a regulatory filing with the National Stock Exchange of India and BSE Limited. The proposed entity, Varun Beverages Tunisia SA, is still subject to regulatory approvals. Varun Beverages, a major player in the global beverage industry, works with PepsiCo since the 1990s, manufacturing and distributing brands like Pepsi, 7Up, Mirinda, Mountain Dew, Sting, Tropicana, Gatorade, and Aquafina. The group has a strong presence in India and has expanded internationally, including in Morocco, Zambia, Zimbabwe, South Africa, and the Democratic Republic of Congo. The planned Tunisian venture will be 75% owned by Varun Beverages Limited and 25% by the Tunisian partner, Bevanda, with a nominal share value of ten dinars. The nine million dinars represent the planned share capital, not the total investment cost. The future company will operate in the consumer goods sector, focusing on the production and distribution of carbon
