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Kandhari Global Beverages is ready for more bottling opportunities from Coca-Cola in India as well as foreign territories, its Managing Director Varinder Pal Singh Kandhari said on Wednesday. Besides, Kandhari Global Beverages, which has recently acquired Coca-Cola's bottling operations in the North Gujarat region, plans to double its turnover in the next 5-6 years from the current Rs 4,500 crore. The Atlanta-headquartered beverage major is divesting assets globally by franchising regional operations to local partners as part of its asset-light business model. "We look forward if there is an opportunity, we will definitely look at it," Kandhari told PTI. Kandhari Global Beverages was one of the three existing bottlers to whom HCCB had transferred bottling operations of the Rajasthan market in the last round in January 2024. It already operates in parts of Delhi, Himachal Pradesh, Haryana, Punjab, Chandigarh, Jammu & Kashmir, and Ladakh. "We have ambitions going beyond the ...
With a gradual rise in temperature and the start of heatwave, FMCG and dairy firms selling cola-based fizz drinks, juices, mineral water, ice creams and milk-based beverages expect a spike in sales and have ramped up their production and stocks to meet the anticipated consumer demand. The makers are launching new products keeping in mind the evolving consumer preferences and also investing substantially on promotions and expansion of the channels this season, company executives of beverage and ice cream makers said. Beverages major PepsiCo said summer months are naturally the most favourable season for its category and it is "optimistic" that its portfolio of brands will continue to delight consumers during the period. The company which owns brands as -- Pepsi, 7up, Mirinda, Mountain Dew, Slice, Gatorade & Tropicana, has launched campaigns taking on board leading stars such as Ranbir Kapoor, Rashmika Mandanna, Hrithik Roshan, Mahesh Babu, Kiara Adani and Nayanthara to woo ...
PepsiCo India on Tuesday said it will invest Rs 1,266 crore to set up a flavour manufacturing facility at Ujjain in Madhya Pradesh as part of its expansion plans in the country. The plant spread over 22 acres, will play a significant role in scaling up PepsiCo's beverage production in India, generating employment and positively impacting the local economy, the company said in a statement. The construction of the upcoming plant is slated to start in 2024 and is expected to be operational in the first quarter of 2026, it added. "With support from the government of Madhya Pradesh, we aim to strengthen our footprint while driving impactful progress in enhancing the socio-economic landscape of the region," PepsiCo India & South Asia CEO Jagrut Kotecha said. PepsiCo India Senior Vice President, Beverages George Kovoor said the new unit will be the company's second flavour manufacturing facility in India. "We aim to ramp up the production of our beverages to meet the rising demand in the
Fast-moving consumer goods major Hindustan Coca-Cola Beverages has unveiled a digital literacy programme in the state aimed at training women on the fundamentals of banking services. As part of the programme, around 3,000 women from Tamil Nadu would be trained under its national initiative to reach 25,000 women across the country. The financial and digital literacy training programme would encompass fundamentals of banking basics, account opening process, UPI training, a company statement here said. Beneficiaries would be grouped based on their interests, needs, and existing digital and financial literacy levels. The training will adopt a classroom-based format conducted at identified locations. "At Hindustan Coca-Cola Beverages our commitment to positively impact our community extends beyond refreshing beverages. The financial and digital literacy progamme in Tamil Nadu is a testament to our dedication to fostering change," said HCCB Chief Public Affairs, communications and ...
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Beverage major Coca-Cola is going to have its highest-ever spending on brands in the second half of 2023 in India, when the ICC Men's Cricket World Cup is coinciding with the festive season, which is expected to boost the consumption, a top company official said on Friday. Though the company has not shared the quantum of spending but said it is a "big part of overall investment" that they are going to make during the ICC World Cup, which provides "a very big platform" for their business expansion, Coca-Cola India and South-West Asia Vice President, Marketing Arnab Roy, said. Coca-Cola, which had a "challenging summer" this year due to unseasonal rains, expects people will spend money across categories during the festive season despite challenging macro conditions, and affordable packages would do well. When asked if Coca-Cola can make up for a slower second quarter, Roy said: "Probably based on the trends we are seeing both in Q3 and the beginning of Q4, we feel very positive and ..