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Varun Beverages enters alcoholic RTD, appoints Diageo's Prathmesh Mishra CEO

Varun Beverages logoVarun Beverages
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Diageo logoDiageo
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Varun Beverages is expanding into India’s alcoholic beverages and RTD after its board approved a wholly owned subsidiary, KIVA Spirits and Company, to run the business; the Ministry of Corporate Affairs approved incorporation, subject to regulatory approvals. Diageo’s Prathmesh Mishra is named CEO. In Q2 CY2026, Varun’s net profit rose 15% to Rs 1,525.35 crore and revenue grew 20.7% to Rs 8,650.57 crore, with volume up 19.8%.

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