Page 2 - Beverages

Centre's support to help attain $1 bn exports of alcoholic beverages: CIABC

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 ...

Govt eyes $1 bn exports of alcoholic beverages in next few years: APEDA

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 ...

With double-digit volume growth in Q2, Coca-Cola bullish on India

The company's consolidated unit case volume grew 2 per cent

Global firms are reducing sugar and salt in their packaged items in India

Experts say the standards for food and beverages vary across the world and India should have its own

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

Som Distilleries to invest at least Rs 1,000 crore in three years: CMD

Arora talks about the market trends and robust growth trajectory

Bottler Coca Cola HBC beats revenue estimate for Q1 on strong demand

Price increases are expected to moderate relative to last year because inflation levels are lower, Bogdanovic said

PepsiCo Q1 results: Net revenue rises to $18.25 billion, beats expectations

Several rounds of price hikes in the U.S. have led consumers in the region to push back on the company's sodas and juices as sticky inflation makes customers cautious with their spending

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

Hindustan Coca Cola Beverages announces Rs 350 cr investment in MP

Expansion in Rajgarh elevates total investment in state to Rs 660 cr

Hindustan Coca-Cola Beverages to invest Rs 350 crore in Rajgarh plant

Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola in India, has announced a Rs 350 crore investment in Madhya Pradesh for setting up two manufacturing lines at its Rajgarh plant. The announcement, made during the Regional Industry Conclave in Ujjain, takes HCCB's total investment in the state to more than Rs 660 crore, according to a statement. "The fresh infusion of capital will see the introduction of 2 new, state-of-the-art manufacturing lines at HCCB's factory in Rajgarh, that will produce Affordable Small Sparkling Packs (ASSP) and Juice Tetra Packs," the statement said. The expansion will not only boost HCCB's manufacturing capabilities but also significantly contribute to the state's economy, it added. The Madhya Pradesh government has assured support to facilitate HCCB in obtaining all necessary permissions, approvals and clearances in a time-bound manner. HCCB has already invested over Rs 311 crore in Madhya Pradesh since 2000 in its Rajgarh plant. The

PepsiCo veteran of 32 years defects to Wendy's as chief executive officer

North America beverages made up more than 30 per cent of PepsiCo's revenue in the most recent quarter, making it the biggest division by that measure

Haldiram's seeks to buy Indian chips maker Prataap Snacks: Report

The talks are at an early stage and a valuation has not been discussed, though it could be at a premium to Prataap's stock price

Starbucks plans to double stores in India as coffee consumption booms

The global coffee giant wants to operate 1,000 stores in India by 2028, and the focus will be in so-called tier-2 and tier-3 cities - those outside of its biggest metropolises

Double-digit volume growth in beverages category in India: PepsiCo

Indian FMCG major Dabur had said that it expects to register a mid to high-single-digit revenue growth due to a mild summer and slightly deficient monsoon

PepsiCo bets on price hikes to again raise annual profit forecast

PepsiCo and rival Coca-Cola have been largely shielded from the effects of price hikes due to their near-domination of the global carbonated drinks market

Coca-Cola India introduces 100% recycled PET bottles for carbonated drink

Beverages major Coca-Cola on Wednesday said it has introduced 100 per cent recycled PET bottles for its carbonated beverage supporting the circular economy. The company has introduced recycled PET (polyethylene terephthalate) bottles in pack sizes of 250 ml and 750 ml across several markets in India, said a statement from Coca-Cola India. These rPET bottles are being manufactured by Coca-Cola bottling partners - Moon Beverages and SLMG Beverages Ltd, it added. "The bottles made from 100 per cent food-grade rPET (excluding caps and labels) have an on-pack call to action "Recycle Me Again" message and will also drive consumer awareness with "100% recycled PET bottle" displayed on the pack," it said. These rPET bottles are crafted from food-grade recycled polyethylene terephthalate. The plastic is recycled as per the technologies approved by the USFDA and European Food Safety Authority (EFSA) for food-grade recycled material and repurposed into new PET bottles, reducing the need for .

Third Wave Coffee raises $35 mn in series C funding round led by Creaegis

Third Wave Coffee is present in several major Indian cities, including Bangalore, Mumbai, Delhi, Gurgaon, Pune, Hyderabad, Noida, Coonoor, and Chandigarh

Global food, beverage market shrinking since start of year: Nestle

Large consumer goods companies have grown sales through sharp price rises in recent quarters, and many have suffered declines in volumes

Industry body seeks investigation on WHO's processed food report

Currently, all carbonated drinks carry a 28 per cent tax rate coupled with a 12 per cent sin tax, totaling 40 per cent