Varun Beverages Limited has acquired full ownership of SBC Tanzania and SBC Beverages Ghana for INR 13,040 Mn and INR 1,270 Mn, respectively, enhancing its presence in Africa. Following these acquisitions, the EPS estimate for CY26E has been raised by 4.0% to INR 13.4, leading to an upgraded target price of INR 770 while maintaining a "BUY" rating. The strategic expansions are expected to contribute approximately 5.0% to EBITDA and 4.0% to EPS growth in CY26E.