Beverage Firms

Sula Vineyards jumps 9% as CLSA initiates coverage with 'Buy' rating

Sula is well placed to leverage the global consumer shift towards the low-alcohol beverage segment - beer and wine, the report stated.

Thums Up, Maaza to go global as Coca Cola bets on 'Indian' flavours

Coca Cola is also being very 'open-minded' about two other India-created flavours, Maaza Aam Panna and Fanta Apple Delite

All-time liquor sale in Kerala on a high during New Year eve: BevCo

Kerala saw an all-time record-breaking liquor sale of over Rs 100 crore on New Year's eve, according to a source in the Kerala State Beverages Corporation Ltd (BEVCO). "It was an all-time record for December 31 and for any other day of the year till now," the source told PTI. On December 31, 2022, around Rs 107 crore worth of alcohol was sold from the 268 BEVCO outlets across the State, the source said. During the festive season from December 22 to December 31, alcohol worth around Rs 690 crore was sold, he said. The highest sales as on December 31 were reported from the BEVCO outlet on Powerhouse Road in Thiruvananthapuram where alcohol worth Rs 1.12 crore was sold, he said. "All BEVCO outlets, including those in high-range areas of the State, saw sales of more than Rs 10 lakh. We have never seen such sales in those areas," the source said. The reasons for the increased sales were improved logistics, availability of stock and better enforcement by the Excise Department against s

Rasna founder Areez Khambatta passes away at 85 due to cardiac arrest

He created affordable soft drink packs of Rasna in the 1970s as an alternative to soft drink products sold at high costs

Tata Consumer and Tata Coffee shareholders approve merger at Nov 12 vote

Tata Consumer Products will issue one equity share for every 22 share held in Tata Coffee to existing shareholders

McLeod Russel Sept qtr net up 6% to Rs 131 cr despite dip in revenues

Revenues from operations at Rs 425.06 crore were lower by 13.93% from the same period last year

Pepsi India bottler beats profit estimates on beverage price hikes

Profit grew by 59% to 3.81 billion Indian rupees ($46.1 million) in the three months ended Sept. 30

Sprite now a $1 billion brand in India: Coca-Cola CEO James Quincey

Quincey told investors, "India had a knock-out quarter clearly they are having a very strong run this year. He also said that the company is looking to continue to invest strongly in the country.

Nestle to invest Rs 5K crore in India by 2025: CEO Mark Schneider

The firm currently operates nine plants in India and is eyeing new locations to set up manufacturing capacity

A sobering reality for alcobev makers despite spirited volume gains

Raw material pressures, lack of pricing power key worries for Street despite spirited volume gains

Campa Cola set to compete in aerated drinks space with new owner Reliance

Reliance has acquired Campa Cola from Pure Drinks for Rs 22 crore, according to a source in the know

PepsiCo's India revenue & volume grew in double-digits in 3 mths to June 11

PepsiCo India has also been gaining market share in India since the start of 2022.

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

Drinks firms spooked as India refuses to exempt plastic straws from ban

Pepsi's Tropicana and Dabur's Real fruit juices, along with Coca-Cola's Maaza and Parle Agro's Frooti mango drinks are among the beverages sold in the small-pack format

Policy support, volume growth: What's lifting the spirits of liquor stocks?

The change in duty structure and new tax policy of FY23 is expected to bring a much awaited relief for alcohol beverage industry. However, analysts believe barley price rise to act as a spoilsport.

Innovation is going to be the 'key growth engine' in India: Coca-Cola

Coca-Cola India is expanding its network in rural areas, which nearly contribute 38 per cent to the overall business

Venues begin to re-open, pushing Coca-Cola's sales up 10% in Quarter 4

The Atlanta beverage giant said the fourth quarter was the first time since the pandemic that away-from-home sales volumes exceeded 2019 levels

Hit by input costs, alcohol beverage industry thirst for better sales

Although there was some improvement seen in 2021, sales are still lower than 2019 levels, say industry players.

Beverage firms betting big on launches to add fizz to summer sales

The out-of-home market typically contributes two-third of the sales of beverage companies, said experts

Coffee Day appoints late founder V G Siddhartha's wife as new CEO

Bengaluru-based Cafe Coffee Day runs hundreds of coffee shops across India that brew cappuccinos and lattes for India's booming moneyed class.