Beverages

Piccadily Agro Q4FY26 results: Net profit rises 13.6% to ₹45.2 crore

Piccadily Agro Industries Ltd, maker of single malt whisky Indri and Camikara Rum, has reported a 13.6 per cent increase in its net profit to Rs 45.22 crore for the March quarter of FY26 on a year-on-year basis, driven by its premium alchoBev portfolio. The company had posted a net profit of Rs 39.80 crore in the January-March quarter a year ago, according to a regulatory filing by Piccadily Agro. Its sales rose 31.8 per cent to Rs 353.69 crore in the December quarter of FY26, compared to Rs 268.23 crore in the corresponding period of the previous fiscal. Revenue from the operation of Siddhartha Sharma-promoted company stood at Rs 359.56 crore in Q4 FY26, up 32.37 per cent from the year-ago period. Total expenses of Piccadily Agro, which is demerging its sugar business and expects completion by the end of FY27, were at 300.86 crore in the March quarter, up 36.37 per cent year-on-year. During the quarter, revenue from "distillery grew by 65.6 per cent and sugar declined by 7.9 per

Investment in India still crucial for Coca-Cola's growth: CEO Braun

Beverage major says it will continue investing in India to expand reach, build capabilities and drive long-term growth despite the market still being far from maturity

West Asia conflict hits India's beverage sector as packaging costs surge

Since February, these disruptions have collided with a surge in demand due to the commencement of summer and a structural shift towards packaged beverages, creating a supply-demand mismatch

Soft drink bottlers set for growth; margins under pressure: Crisil

Crisil says soft drink bottlers may see revenue growth return to 15 per cent this financial year, but rising competition and higher crude-linked packaging costs could weigh on margins

Liquid calories: How juices, shakes and drinks may be harming your health

Beverages may seem harmless, but they can add hidden calories. Experts highlight why drinks do not fill you up and how they may contribute to weight gain and chronic disease

Well positioned for strong recovery this year, says Varun Beverages

Varun Beverages says expanded capacity, a diversified portfolio and its Africa strategy support confidence in a strong recovery, despite last year's weather-led demand disruption

India long-term contributor to Coca-Cola's growth: CEO James Quincey

Coca-Cola has told investors that India will continue to drive long-term volume growth, as it ramps up investments in digital platforms, AI-led tools and market expansion

India-EU free trade agreement to improve access to premium alcobev brands

While detailed provisions of the agreement are awaited, the initially released agreement indicates that import tariffs will be reduced to 75% from current 150% across all EU spirits, wines categories

India's water scarcity, state laws creating risks for beverage giants

India bars liquor movement across state borders without permits, forcing companies to set up production in each state despite water scarcity

Coca-Cola announces COO Henrique Braun to replace James Quincey as CEO

Quincey, who is 60 and has been CEO for nine years, will transition to executive chairman, according to the company. He is currently chairman of the company's board

B9 Beverages founder assures employees that he will pay them their dues

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

Varun Beverages forays into alco-bev sector with Carlsberg tie-up in Africa

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 ₹250 cr FY26 revenue, 4% beer share by 2030

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

IBA asks finance ministry to reduce GST on aerated beverages to 18%

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

Uppal Group commits Rs 100 cr working capital to premium alcobev push

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

Cola giants PepsiCo and Coca-Cola increase volume on select packs

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 acquires majority stake in Naturedge Beverages

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

India-UK trade pact: Tariff cut may not impact Scotch whisky retail prices

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

Smoke Lab Vodka maker NV Group expects 40% jump in domestic sales in FY26

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

Glass bottles may have more microplastics than plastic, shows French study

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