Beverages

Bira 91 maker's CEO Ankur Jain says proceeds from a planned asset sale will be used to clear unpaid salaries, PF dues, and revive operations amid investor disputes

PepsiCo bottler Varun Beverages enters the alcoholic drinks space via a Carlsberg partnership in Africa, even as extended monsoons keep India volumes flat in Q3CY25

Medusa Beverages projects Rs 250 cr revenue in FY26, plans Rs 150 cr fundraise, brewery expansion, South India entry, kegging rollout and possible IPO in coming years

The Indian Beverage Association has written to the Finance Ministry seeking a GST cut on aerated drinks to 18%, citing Rs 85,000 crore investment, job creation and rural demand

The liquor brand aims to have a bottling plant by the end of ongoing financial year 2026

PepsiCo India and Coca-Cola India boost volume on select packs while maintaining prices, ahead of the festive season and amid rising competition, say industry sources

Reliance Consumer Products has acquired a majority stake in Naturedge Beverages to form a JV focused on herbal-natural functional drinks, led by flagship brand Shunya

The revised tariffs will apply to both bottled-in-origin (BIO) and bulk imports

NV Group expects a 30-40% rise in domestic sales in FY26, driven by growing demand and policy stability. The company is also focusing on global expansion and plans for an IPO

A French study challenges the belief that glass bottles are safer to drink from. It found that they contain up to 50 times more microplastics than plastic or metal bottles

The key concern weighing on the stock is increased competitive intensity with the relaunch of Campa Cola by Reliance Consumer Products (RCPL) in March 2023

Coca-Cola and PepsiCo have launched ₹10 packs for their diet and light beverages, including Thums Up X Force, Coke Zero, Sprite Zero, and Pepsi No-Sugar

Reliance launches Campa Cola in the Middle East, challenging Coke and Pepsi with competitive pricing, local partnerships, and plans for further expansion into Asia and Africa

Craft beer brand Geist is targeting a same-store sales growth (SSSG) increase of 10-12 per cent

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 ...