Page 3 - Beverage Firms

Innovation is going to be the 'key growth engine' in India: Coca-Cola

Coca-Cola India is expanding its network in rural areas, which nearly contribute 38 per cent to the overall business

Venues begin to re-open, pushing Coca-Cola's sales up 10% in Quarter 4

The Atlanta beverage giant said the fourth quarter was the first time since the pandemic that away-from-home sales volumes exceeded 2019 levels

Hit by input costs, alcohol beverage industry thirst for better sales

Although there was some improvement seen in 2021, sales are still lower than 2019 levels, say industry players.

Beverage firms betting big on launches to add fizz to summer sales

The out-of-home market typically contributes two-third of the sales of beverage companies, said experts

Coffee Day appoints late founder V G Siddhartha's wife as new CEO

Bengaluru-based Cafe Coffee Day runs hundreds of coffee shops across India that brew cappuccinos and lattes for India's booming moneyed class.

Food and beverage companies see red over FSSAI roadblocks near schools

The sale of other foods around schools has also been restricted. The list includes ice cream, sweets, canned or preserved vegetables, meat, fish, pulse-based snacks, nuts, white bread and biscuits.

Beverage industry urges govt to reduce GST on soft drinks, packaged water

The beverage industry has urged the government to remove aerated drinks fromthe sin tax category and reduce rate on juice-based drinks under the GST regime. Reduction of taxes on juices would give a boost to local horticulture sector and improve the lives of farmers, from which the industry sources fruits, Indian Beverage Association (IBA) said in a statement. IBA in a letter to Finance Minister Nirmala Sitharaman, who also heads the GST Council, has suggested placing the packaged drinking water in a lower slab of 12 per cent from the existing 18 per cent. The aerated beverages are currently placed under the highest GST slab of 28 per cent with a compensation cess of 12 per cent. "This high GST levy of 40 per cent on aerated beverages is against the stated policy of the government to maintain parity between pre-GST and GST regimes," IBA said, adding that aerated beverage is the only product in the entire food category subjected to compensation cess. It has also urged to revise "th

Coca-Cola India investments on track despite Covid-19 disruptions

Half of Rs 11,000 crore kitty utilised, says CEO Krishnakumar

Emerging business opportunity for food and beverage makers amid coronavirus

Food or otherwise, product development is usually a lengthy process that entails understanding consumer needs and developing products accordingly

Regional beverage brands to have a field day this summer as mercury soar

At least 27 aerated drinks are visible this summer in the southern market alone with the number expected to rise further

Beverage firms step up health play

Dabur to launch a second brand under its juices portfolio, currently led by its Real brand