Varun Beverages, one of the largest bottlers of foods and beverages company PepsiCo, will focus on increasing production capacities in the juices and value-added dairy product segments this calendar year, the company said in its 2023 annual report release.

The company also said that its growth strategy involves continuously strengthening the distribution network and chilling infrastructure. “This is essential for enhancing our presence in existing and under-penetrated markets," the report said.

Varun Beverages manufactures and sells a range of non-alcoholic, carbonated and non-carbonated beverages, and serves nearly a sixth of the world’s population.

“The commissioning of multiple greenfield and brownfield beverage manufacturing lines in CY 2023 was a significant step in enhancing our operational capabilities. These expansions are vital for meeting increasing consumer demand and tapping into new market opportunities and have set the stage for our continued growth in the beverage industry," the company added.