Founded in 2003, Twizza is engaged in the manufacturing and distribution of own branded non alcoholic beverages. It operates three manufacturing facilities in Cape Town, Queenstown and Middelburg, with a combined annual capacity of around 100 million 8 oz cases. The company sells its products across South Africa, Lesotho, Eswatini, Botswana and Namibia, and has backward integration facilities at all its plants. For the period ended June FY25, Twizza reported sales volumes of 71 million cases and net revenue of ZAR 1,689 million, equivalent to about Rs 901.9 crore.

The company aims to expand its footprint in Africa's largest soft drinks market, supported by favourable demographics and rising beverage consumption.

Meanwhile, a global brokerage responded positively to the announcement and reiterated a Buy rating on the stock with a target price of Rs 675 per share.

Varun Beverages is one of the largest franchisee of PepsiCo in the world (outside USA). The company produces and distributes a wide range of carbonated soft drinks (CSDs), as well as a large selection of non-carbonated beverages (NCBs), including packaged drinking water sold under trademarks owned by PepsiCo.

The company’s consolidated net profit rose 18.5% year-on-year to Rs 745.19 crore in Q3 calendar year (CY) 2025, compared with Rs 628.83 crore in Q3 CY2024, driven by lower finance costs, favourable currency movements in overseas markets, and higher other income. Revenue from operations (net of excise and GST) increased 1.9% YoY to Rs 4,896.65 crore from Rs 4,804.68 crore in Q3 CY2024.