Beverages

The Bhartias and the Jaipurias are already competing in the quick-service restaurant (QSR) space as both have known global brands in their portfolios

The VBL board approved the acquisition of SBC Tanzania for Rs 1,304 crore and SBC Beverages Ghana for Rs 127 crore

Currently, aerated beverages, regardless of their sugar content, attract a 28 per cent GST-the highest slab-along with a compensation cess of 12 per cent

In July, Nestle had said it expected full-year organic sales growth of at least 3 per cent and that its UTOP margin for 2024 would grow moderately

Support from the Centre and state governments will help the country to achieve USD 1 billion worth of alcoholic beverages exports in the coming years, the Confederation of Indian Alcoholic Beverage Companies (CIABC) said on Wednesday. CIABC Director General Anant S Iyer also said that promoting ease of doing business for the sector is key at both the Central and state government levels. Easy and timely permissions for bottling and branding; transport permits; and promoting online paperwork are some of the areas which need special attention for the growth of the sector. "We need ease of doing business across the operations, besides easy tax structures and market-determined prices to boost the exports. At present, rules for the sector differ from state to state," Iyer said. He said the USD 1 billion target is "ambitious, but possible". In 2023-24, the exports stood at USD 389 million. He added that the industry should give a try for this target as it needs about 14-15 per cent ...

With the global demand for Indian spirits growing at a healthy rate, the government is planning to promote both Indian alcoholic and non-alcoholic beverages in the international markets and is eyeing USD one billion (about Rs 8,000 crore) exports in the next few years. The commerce ministry's arm APEDA (Agricultural & Processed Food Products Export Development Authority) said that India currently ranks 40th in the world for alcoholic beverage exports. As per estimates, the country has huge unrealised export potential. The authority, as part of the 'Make in India' initiative, has been targeting to increase exports of Indian spirits to major foreign destinations. "It is potentially eyeing USD 1 billion in export revenue over the next few years," it said in a statement on Wednesday. The country's alcoholic beverages exports stood at over Rs 2,200 crore in 2023-24. The major destinations include UAE, Singapore, Netherlands, Tanzania, Angola, Kenya and Rwanda. APEDA also said that ...

The company's consolidated unit case volume grew 2 per cent

Experts say the standards for food and beverages vary across the world and India should have its own

Many regional brands were able to increase their penetration in existing markets and increase their market share

Arora talks about the market trends and robust growth trajectory

Price increases are expected to moderate relative to last year because inflation levels are lower, Bogdanovic said

Several rounds of price hikes in the U.S. have led consumers in the region to push back on the company's sodas and juices as sticky inflation makes customers cautious with their spending

Another factor which plays well for cold beverage majors is the onset of Ramadan and elections which typically causes consumption to pick-up

Expansion in Rajgarh elevates total investment in state to Rs 660 cr

Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola in India, has announced a Rs 350 crore investment in Madhya Pradesh for setting up two manufacturing lines at its Rajgarh plant. The announcement, made during the Regional Industry Conclave in Ujjain, takes HCCB's total investment in the state to more than Rs 660 crore, according to a statement. "The fresh infusion of capital will see the introduction of 2 new, state-of-the-art manufacturing lines at HCCB's factory in Rajgarh, that will produce Affordable Small Sparkling Packs (ASSP) and Juice Tetra Packs," the statement said. The expansion will not only boost HCCB's manufacturing capabilities but also significantly contribute to the state's economy, it added. The Madhya Pradesh government has assured support to facilitate HCCB in obtaining all necessary permissions, approvals and clearances in a time-bound manner. HCCB has already invested over Rs 311 crore in Madhya Pradesh since 2000 in its Rajgarh plant. The

North America beverages made up more than 30 per cent of PepsiCo's revenue in the most recent quarter, making it the biggest division by that measure

The talks are at an early stage and a valuation has not been discussed, though it could be at a premium to Prataap's stock price

The global coffee giant wants to operate 1,000 stores in India by 2028, and the focus will be in so-called tier-2 and tier-3 cities - those outside of its biggest metropolises

Indian FMCG major Dabur had said that it expects to register a mid to high-single-digit revenue growth due to a mild summer and slightly deficient monsoon

PepsiCo and rival Coca-Cola have been largely shielded from the effects of price hikes due to their near-domination of the global carbonated drinks market