A majority stake for Rs 6K-7K cr to allow TCPL's expansion in beverage space
Ramesh Chauhan, chairman of Bisleri International, does not have a successor to take Bisleri to the next level
Focused approach to media targeting, using third-party verification tools among measures advertisers are adopting
While some restaurants abroad have successfully protected their recipes, prior art can prove to be a hurdle in patenting innovative cuisine
Entry of big companies such as Reliance Retail and Tata Consumer Products in the beverages segment is positive and will only help the category to expand, Coca-Cola President (India and Southwest Asia) Sanket Ray said on Tuesday. The entry of the two home-grown majors is a "great opportunity" albeit with enhanced competition and Coca-Cola India would invest to develop the market further and bring innovations to evolve the category and ultimately benefit the consumers, he said here in an interaction. Ray, however, said the entry of Reliance Retail and Tata Consumer Products can result in "some disruptions at the local level" leading to consolidation, but pricing will not be a game changer. "This category penetration is one of the lowest in FMCG. Coke and Pepsi do not have enough budget to get into that," he said when asked how the market dynamics would be with the entry of new players. Reliance Retail had acquired the home-grown brand Campa Cola signalling its intention to enter the
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.
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.
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%
Actor facing flak for ad for AU Small Finance Bank; not new to controversy, which could affect brand value, say experts
The whole field of cookie-based marketing and "retargeting" is aimed at persuading you, wherever you may be
Reliance acquired Campa from Delhi-based Pure Drinks Group for around Rs 22 crore. It is expected to relaunch the drink in its iconic cola, lemon, and orange flavour in October
The economic concept, which describes consumers' sensitivity to prices, is a hot topic as inflation soars and executives fret about profits
Companies pulled back from Russia this spring after Moscow sent thousands of troops into Ukraine, in response to investor and public pressure
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
In the second quarter, Coca-Cola Company's sparkling soft drinks grew 8 per cent, which was "primarily led by India, Mexico and Brazil", said the Atlanta-headquartered firm
Singh has worked at Coca-Cola for about two decades at several senior leadership positions and concluded his journey there as chairman, Asia Pacific and spearheaded its businesses across 25 countries
Operating leverage, product mix to offset raw material pressures, say brokerages
The 'official' mix represents the latest push by big soft drink makers into alcohol, as boundaries blur and more people turn to pre-mixed, ready-to-drink cocktails
The tribunal order followed a complaint by a resident of Ghaziabad against the bottling units saying that they had not obtained NOC from the Central Ground Water Authority
In a flurry of tweets, Musk claimed that he has set eyes on Coca Cola to "put cocaine back in" and "McDonald's to fix ice-cream machines"