Beverage Firms

HC refuses to quash 14-yr-old adulteration case against Hindustan Coca-Cola

Criminal proceedings concerning 2001 allegations of adulterated beverages to move forward

Coca-Cola may cut prices to face competition from Reliance's Campa Cola

Coca-Cola's price cut comes amid rival Campa Cola's aggressive expansion and lower pricing. The Reliance-backed brand's price strategy has pushed rival brands to adjust their strategies

China Resources Beverage files for $649 mn Hong Kong IPO, largest in city

China Resources Beverage's Hong Kong IPO is set to be larger than tea drinks firm Sichuan Baicha Baidao Industrial's $330 million raising in April

JM Financial Private Equity invests Rs 40 crore in spice brand Zoff

Zoff, founded by brothers Akash Agrawal and Ashish Agrawal, has achieved a 40 per cent compound annual growth rate (CAGR) over the past four years, leveraging e-commerce platforms, they said

Local beverages gain traction as consumer look to quench their thirst

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

United Breweries Q4 results: Net profit jumps 5-fold to Rs 80.15 crore

United Breweries Ltd on Tuesday reported a more than five-fold jump in net profit to Rs 80.15 crore for the January-March period of 2023-24 compared to the year-ago period. The beverages maker had reported a net profit of Rs 13.05 crore for the April-March quarter of 2022-23, according to an exchange filing. Revenue from operations rose 17 per cent to Rs 4,788.68 crore in the last quarter of FY24 compared to Rs 4,081.01 crore in the year-ago quarter. Total expenses rose to Rs 4,705.38 crore in the quarter under review from Rs 4,079.32 crore in the year-ago period. Net profit for the full fiscal year ended on March 31, 2024, rose 33 per cent to Rs 412.59 crore compared to Rs 308.10 crore in the previous year. Total income rose 10.49 per cent to Rs 18,453.27 crore in FY24 compared to Rs 16,700.52 crore in the previous year, the filing stated. The board of the company also recommended a final dividend of Rs 10 per share (1,000 per cent) of the face value of Re 1 for the 2023-24 fina

Health drink to food drink? Ecommerce sellers in a reorganising mode

Major players are working with sellers on their platforms to change the listing of products

Cola, beverage, ice cream makers expect surge in sales as temperature soars

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 ...

Ice creams and beverage items to see surge in sales during poll season

At present, the ice cream market in India is pegged at $5.33 billion in terms of revenue and is expected to grow annually by 10.86 per cent between 2024-28, said a Statista report

Rasna looks at overseas franchise arrangements for manufacturing abroad

Negotiations for franchise agreements were on for Egypt, Indonesia and Philippines. Market size, increasing logistics cost and high duties were factors spurring such arrangements

Beverage, air conditioner sales may jump up to 40% as mercury surges

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

PepsiCo India looking to capture bigger share of potato-based chips market

The potato chips market is valued at Rs 9,000 crore, with PepsiCo's Lay's brand as the dominant player

Desi single malts raise the bar, pour stiff challenge to foreign peers

India's optimal weather conditions serve as a catalyst, imparting a distinctive flavour profile

Alcohol body seeks better market access for Indian products in EU markets

The CIABC has demanded that the EU should remove the non-tariff barriers which prevent the vast majority of Indian products from being sold in the EU

Coca-Cola set to invest Rs 3,000 crore to install new plant in Sanand

Once the plant begins operations, it will have a workforce of about 400 persons in operational and engineering roles

Beverage giant Coca-Cola joins ONDC, launches marketplace Coke Shop

The initial association with ONDC is being supported through SellerApp, which will help the company leverage the ONDC network with its data-driven insights, market intelligence, and strategies

Coca-Cola India's spending on brands expected to be highest in H2: Official

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 ..

Want to have lion's share of the premium water segment: Bisleri Int'l CEO

We would like to hit the Rs 500 crore mark in the next three years, even to call it making an entry, said George

No nutritional info on label except energy: FSSAI amends alcohol norms

Alcoholic beverages must not contain any nutritional information on the label except the voluntary declaration of energy content in kcal, according to a new regulation by food regulator FSSAI. Food Safety and Standards Authority of India (FSSAI) has come out with 'Food Safety and Standards (Alcoholic Beverages) First Amendment Regulations, 2023', which will come into force on March 1, 2024. In the amendment, the FSSAI has also defined single malt whiskey and single grain whiskey. "Alcoholic beverage shall not contain any nutritional information on the label except energy content in kcal. Such declaration related to energy content shall be voluntary," FSSAI said in the regulation. In Food Safety and Standards (Alcoholic Beverages) Regulations, 2018, it was stated that alcoholic beverages should not contain any nutritional information on the label. FSSAI, in its new regulations dated August 21, has said that "single malt whisky is a distillate obtained from fermented mash that uses

Varun Beverages rises 3% on strong Q2 results; stock up 26% so far in 2023

The company's revenue rose 13 per cent year-on-year (YoY) to Rs 5,611 crore in the second quarter of calendar year 2023 (Q2CY23)