Page 2 - Food And Beverages

Tata Consumer 'narrows its universe'; identifies 5 core areas for launches

Within mini meals, it will look at the breakfast cereal, ready-to-eat, and snacks market, and also its protein platform, which includes plant-based meat and plant protein powders

Rising demand to help Indian F&B packaging industry to reach $86 bn by 2029

The Indian food and beverage packaging industry that is growing by 14.8 per cent annually is expected to reach USD 86 billion in 2029, following rapid urbanisation, rising disposable incomes and evolving consumption patterns, All India Food Processors Association said on Saturday. "Post-Covid-19, the demand for natural food ingredients has surged. FSSAI's new regulations for nutraceuticals and organic foods are driving growth in the sector. Packaging has evolved from protection to marketing and sustainability. Trends like natural, organic, vegan, and GI-tagged products are reshaping the landscape," All India Food Processors Association, Western Region, chairman Prabodh Halde said in a statement on the last day of the Food Ingredients (Fi India) and ProPak India. The organised packaged ingredients market is valued at about Rs 20,000 crore annually, indicating a shift from loose to packaged products, he stated at the 17th edition of Food Ingredients (Fi India) and the 5th edition of ..

Can Aspartame cause cancer? WHO committee says no, reaffirms daily intake

The FDA has also stated that even if the sweetener had been labelled as 'possibly carcinogenic', it would not necessarily mean it causes cancer

WHO issues guidelines for protecting children from unhealthy food marketing

WHO issued new guidelines to protect children from unhealthy marketing of food and non-alcoholic beverages high in saturated fatty acids, trans-fatty acids, free sugars and/or salt (HFSS)

Food and beverage industry bites into NFTs, but is it late to the party?

Nestle is also doling out NFTs, as are restaurants, cafes and alcohol brands, but will people dip into this growing digital platter?

Your low calorie drinks, food items may induce heart attack, stroke risk

Trying to switch to drinks and food that are low on calories and carbohydrate to avoid sugar? These are often loaded with an artificial sweetener called erythritol and can raise your risk

No service tax on takeaway food items sold by restaurants: CESTAT

The CESTAT bench ruled that service tax cannot be levied on takeaway/ parcel food items sold by restaurants while hearing the pleas filed by Haldiram Marketing Pvt Ltd

Pepsi sales rise 10% in fourth quarter to $28 billion on price hikes

PepsiCo reported better-than-expected sales in the fourth quarter after hiking prices for its drinks and snacks. Revenue rose more than 10 per cent to USD 28 billion. That was better than the USD 26.8 billion Wall Street had forecast, according to analysts polled by FactSet. Pepsi's net income fell 60 per cent to USD 535 million, largely due to a USD 1.5 billion impairment charge for its SodaStream brand and other assets. Without one-time items, Pepsi earned USD 1.67 per share in the October-December period, beating analysts' forecast of USD 1.65. Higher prices helped it navigate rising costs for fuel as well as commodities like cooking oil and potatoes, the company said Thursday. The Purchase, New York, company expects to deliver organic revenue growth of 6 per cent this year, a slower pace from its full-year organic growth of 14.4 per cent in 2022. It also plans USD 1 billion in share repurchases.

Leasing of retail space across 8 cities rose 21% last year, says CBRE

Leasing of retail real estate space during last year rose 21% to 4.7 million square feet across eight major cities mainly on rising demand from Food and Beverage (F&B), fashion and apparel retailers

PepsiCo India Holding FY22 profit declines 76.2%, revenue up by 21.6%

Food and beverage major Pepsico India Holdings Pvt Ltd's consolidated profit for FY22 declined 76.25 per cent to Rs 41.63 crore, while its revenue from operations went up 21.61 per cent to Rs 6,385.80 crore. According to the financial data accessed by the business intelligence platform Tofler, the company, which is not a publicly listed entity, had posted a total profit of Rs 175.30 crore and its revenue from operations was at Rs 5,250.96 crore for the financial year that ended on March 31, 2021. Pepsico India Holdings' other income in FY22 was down 27 per cent at Rs 82.34 crore. While the total income of the company, which owns popular brands such as Pepsi, Lay's, Kurkure and Tropicana was up 20.58 per cent to Rs 6,468.14 crore for the financial year that ended on March 31, 2022. Responding to PTI's query, a PepsiCo India spokesperson said despite inflation, it witnessed strong double-digit growth both in revenue from operations and volume across its product portfolio for FY22. "

Zomato now in Hindi, does 150,000 orders a month on regional language apps

Hindi, Tamil account for lions share of orders, at 54% and 11% respectively

Expansion, product mix to fizz up Varun Beverages' volumes and margins

Energy drink Sting help drive realisations of Pepsi bottler in Q3CY22

PEs add spice firms to shelf, invest Rs 5,000 cr to expand biz, enter mkt

Market is expected to touch Rs 50K-crore mark by 2025

Price hike is the last thing on our mind: Dabur India CEO Mohit Malhotra

'We are very reluctant because price rise has an impact on the demand as well as the volume growth', he said

Dabur India to acquire majority stake in Badshah Masala for Rs 587 crore

Acquisition in line with its strategic intent to expand its food biz to Rs 500 crore in 3 years

Zomato launches 'intercity legends', now order from anywhere in India

Order popular, authentic dishes from anywhere and have them delivered to your doorstep

PepsiCo reports double-digit revenue growth in India in June quarter

PepsiCo's net revenue in the second quarter of 2022 from the Africa, Middle East, South Asia (AMESA) division, under which India comes, was up 5.86% to $1.69 bn as against $1.60 bn, the company said.

Food and beverage firm PepsiCo India hands over ad duties to Leo Burnett

This came after a multi-agency pitch, which saw Leo Burnett winning the mandate

Food startups: Not all hunky-dory under Covid, not all bleak as it weakens

Not every enterprise Business Standard spoke to had it as good as Swiggy or Zomato, and some even saw their very business models at risk. But all feel the post pandemic era holds a lot of promise

There's demand all over but daily rate recovery is slow: Hyatt Hotels Sr VP

In a Q&A, Genevieve Materne says average daily rates (ADRs) may touch pre-Covid only in 2023-24, though lifting of curbs on international flights will offer some traction