Beverage Firms

India market in a good place: PepsiCo chairman & CEO Ramon Laguarta

International business reports 11% revenue growth

Fizz is back in Varun Beverages stock as launches, summer boost outlook

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

MCKT Beverages launches Nepal's Khukri Rum in India, sets expansion plan

MCKT Beverages aims to sell 20,000 cases of the premium drink by FY26

Carlsberg India FY24 sales cross Rs 8K cr, profit up 60.5% to Rs 323 cr

Leading brewer Carlsberg India has seen its profit jump 60.5 per cent to Rs 323.1 crore in FY'24, according to RoC filing by the company. The total income of Carlsberg India was up 15.2 per cent at Rs 8,044.9 crore for the financial year ended March 31, 2024, according to the financial data accessed through business intelligence platform Tofler. This is the highest revenue for Carlsberg in India, crossing the milestone of Rs 8,000 crore, reaching nearly USD one billion from sales. "During the financial year 2023-24, profit amounting to Rs 323 crore under the standalone financial statement has been carried forward to 'Reserve and Surplus' including other comprehensive income in the balance sheet," the company said. The company, while informing its state of affairs, said the beer industry continued to post healthy growth in volumes. "Cash and bank balances increased from Rs 9,304 million to Rs 11,165 million with strong business performance, better trade working capital and lower .

Decoded: Why beverage giants are pushing against govt's new PET bottle rule

Beverage manufacturers in India cites capacity constraints in recycling plastic waste and cost impact ahead of peak summer demand, as govt sets April 1 deadline for the use of 30 per cent rPET bottles

PepsiCo records double-digit organic revenue growth in India in 2024

India posted a double-digit volume growth in both the convenient foods category and the beverages category

Bubbling with potential: John Murphy's plan to scale Coca-Cola in India

He further said that the company has to stay on its toes, adapt, and ensure it is investing in capabilities needed to win

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