Page 4 - Beverages

Coca-Cola India FY22 profit up 3.8% to Rs 460.35 crore; revenue rises 36%

Beverages major Coca-Cola India's profit rose 3.82 per cent to Rs 460.35 crore in FY22 and revenue from operations increased 35.85 per cent to Rs 3,121.29 crore, according to financial data accessed by business intelligence platform Tofler. The cola major had logged a profit of Rs 443.38 crore for the financial year that ended on March 31, 2021, while its revenue from operations in that year stood at Rs 2,297.51 crore. Coca-Cola India's total income in FY22 was at Rs 3,192.17 crore, up 35.54 per cent. It was at Rs 2,355.10 crore in the year-ago period. Its other income also went up 23.07 per cent to Rs 70.88 crore in the financial year ended on March 31, 2022. Total expenses of Coca-Cola India were up 46.35 per cent at Rs 2,548.01 crore in FY22 as against Rs 1,740.92 crore in FY21. The company, which operates with power brands in Indian markets, including Coca Cola, Thums Up, Limca, Sprite, Maaza and Minute Maid, is part of Atlanta-based US beverages major The Coca-Cola Company.

AB InBev raises 2022 outlook as its beer sales accelerate 3.7% in July-Sept

AB InBev, the maker of Budweiser, Corona and Stella Artois, sold 3.7% more beer and other drinks during July-September, a growth rate faster than that seen in the first or second quarters

'Strong consumer demand': AB InBev raises 2022 outlook as beer sales rise

"We continue to see strong consumer demand for our portfolio and a resilient beer category as we navigate the dynamic operating environment," Chief Executive Michel Doukeris said in a statement

Coca-Cola beats profit estimates in Q3, raises full-year guidance

The company said it now sees organic revenue growth of 14% to 15% for the full year. In July, Coca-Cola increased its full-year outlook from 12% to 13%

Coca-Cola India, bottling partners investing $1 bn to expand capacity

Coca-Cola India and its bottling partners are investing around USD 1 billion (around Rs 7,990 crore) to expand the production capacity by up to 40 per cent, an official of the beverage major said

Amul bucked Covid blues, launched more than 100 products during lockdown

At a time when other food and beverage (F&B) brands took a hit during the lockdown, Amul was on a product-launching spree.

Beverage firms scramble to import paper straws as plastic ban kicks in

However, beverage companies have resorted to different measures to ensure that stocks in the supply chain are not sold with plastic straws

Will your Frooti & Maaza packs go off the shelves from July 1?

Govt has decided to phase out single-use plastic from the country. So, FMCG companies are now scrambling to find a replacement for plastic straws. Here's an insight into the world of plastic straws

Putting it on paper: Closure of plants feared over plastic straw ban

With the government banning plastic straws with effect from July 1, the Rs 6,000-crore small tetra pack industry making beverages have no choice but to shift to paper straws, which are more expensive

Varun Beverage shares at all-time high on firm demand outlook for beverages

Varun Beverage is the second largest bottling company of PepsiCo's beverages in the world outside the US

PepsiCo Inc explores options for its Russian business, says report

Political pressure is building on Western companies to halt business in Russia following the country's invasion of Ukraine.

Beverages start-up Lahori gets $15 mn from Belgian fund Verlinvest

The non-alcoholic beverage industry is expected to exceed $18 billion by 2026

Govt should consider import tariff cut on alcohol in phased manner: ICRIER

Duty cut will reduce cost of raw materials, enabling local manufacturing in India. Import duties on raw materials can be brought down to zero to support domestic manufacturing, council says

PepsiCo India's cola and potato chips biz post double-digit growth in Q1

The growth comes on a low base as last year sales of discretionary items like aerated drinks were hit badly.

PepsiCo bets on higher soda sales in second qtr as restaurants reopen

PepsiCo Inc said on Thursday it expects organic revenue growth to pick up pace in the second quarter

Market share gains to support volume growth for Varun Beverages

Amid restrictions, the company is banking on higher in-home consumption, new launches to drive sales

Improved earnings visibility, debt pruning boost shares of Varun Beverages

Volume recovery, expansion in new geographies and debt reduction are key positives

Coca-Cola India net profit falls 2% to Rs 619.4 cr in 2019-20, says Tofler

The company had posted a net profit of Rs 632.26 crore in 2018-19, Tofler said

Food focus keeps PepsiCo going, but Coke struggles amid Covid-19 pandemic

Estimates indicate that volumes for the whole year for beverages will be down to a third of last year, despite the push by soft drink companies to go online

3 committees set up to suggest ways to boost food, beverage exports: TPCI

TPCI said it has set up three committees that will submit detailed recommendations to the government to boost exports of food, chemicals, food processing and beverages