Food And Beverages

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

TPCI seeks support measures in Budget to promote food, beverage industry

The Trade Promotion Council of India (TPCI) on Tuesday suggested the government to announce incentives in the forthcoming Budget for activities such as branding and marketing of made in India products, setting up of modern R&D labs and duty-free import of raw material by SEZ units with an aim to promote the food and beverages industry. It also demanded input tax credits for the industry, incentivise institutions for traceability in the food supply system; subsidy for testing in the food sector, funds for setting up food and beverage tech machinery manufacturing plants; and interest subvention scheme for MSMEs. "Looking at the great potential which the agri and food sector holds for the economy, this sector needs further thrust and renewed focus. The agri and food sector has shown a resilient growth of more than 20 per cent sustainably despite tough times," V K Gauba, Additional Director General TPCI said in a statement. The agri and food exports may touch USD 40 billion mark this .

NRAI asks top mall owners, landlords to give rental waiver to F&B retailers

The restaurant body suggested pure revenue share for the period when restricted operations are imposed, in the open letter

PepsiCo logs double-digit volume growth in Q3 in India

Recovery from the Covid-19 pandemic led to an increased consumer demand impacting positively the company's revenue

Meet the man who plans to disrupt the retail coffee biz by democratising it

Chaitanya Chitta's brand SLAY has a three-pronged strategy aimed at ushering a marked shift in coffee drinking from indulgence to habit among millenials, in much the same way as pizza

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