Zimbabwe Subsidiary Signs Exclusive Distribution Agreement with Mondelez for Confectionery

Varun Beverages (Zimbabwe), a subsidiary, has signed an Exclusive Distribution Agreement with Mondelez South Africa, effective October 1, 2026, to exclusively distribute Mondelez chocolate, biscuit, candy and gum products in Zimbabwe.

Thu 24 Sep 2026

Agreement Type

Exclusive Distribution Agreement

Partner

Mondelez South Africa Proprietary Limited

Products

Chocolate, biscuit, candy and gum products

Territory

Republic of Zimbabwe

Effective Date

October 1, 2026

What was shared

Varun Beverages informed the exchanges that its subsidiary, Varun Beverages (Zimbabwe) (Private) Limited, has entered into an Exclusive Distribution Agreement with Mondelez South Africa Proprietary Limited.

Scope of the agreement

• Effective from October 1, 2026.
• Covers exclusive distribution of Mondelez chocolate, biscuit, candy and gum products.
• Territory: the Republic of Zimbabwe.
• Industry / new line of business: Confectionery.

Investment and benefits

• The company states that as of now no capex is envisaged, and it intends to leverage its existing distribution network.
• Expected benefit stated: leveraging snacks distribution by expansion of portfolio.

How to read it

This is a distribution tie-up that adds a confectionery product range to the subsidiary's existing route-to-market in Zimbabwe. It extends the company's presence beyond beverages into snacking categories, using infrastructure already in place. Financial terms such as revenue potential or agreement tenure are not set out in this intimation, so the scale of contribution cannot be quantified from it.

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