Varun Beverages Shares Soar on Twizza Acquisition; Citi Sees 44% Upside

• Varun Beverages (VBL) shares jumped over 3% after announcing the full acquisition of South African firm Twizza.
• VBL will acquire 100% of Twizza for ZAR 2,095 million (Rs 1,118.7 crore) in cash, with completion expected by June 2026.
• Twizza, a non-alcoholic beverage manufacturer, operates three facilities with an annual capacity of 100 million cases, boosting VBL's South African presence.
• This acquisition expands VBL's growing African footprint, following earlier deals like BevCo, Tanzania Bottling, and SBC Beverages Ghana.
• Citi reiterated a 'Buy' rating with a Rs 675 target price, projecting a 44% upside, citing strategic acquisitions and international growth.

Why It Matters: Varun Beverages' acquisition of Twizza fuels share surge and Citi's optimistic 44% upside forecast.