The Indian Beverage Association (IBA) has raised concerns about the potential Goods and Services Tax (GST) rate hike on aerated drinks, currently taxed at 40% (28% GST…
View More Indian Beverage Association Calls Taxation a “Bottleneck at All Levels”
In a groundbreaking move, Saudi Arabia has launched Milaf Cola, the world’s first soft drink made exclusively from dates. Developed by Thurath Al-Madina, a subsidiary of the…
View More Saudi Arabia Unveils Milaf Cola: The World’s First Date-Based Soft Drink
The Group of Ministers (GoM) on GST rate rationalization has proposed increasing the tax rate on aerated beverages to 35% from the existing 28%. The…
View More GoM Proposes 35% GST on Aerated Drink
Nadia Chauhan, Joint Managing Director at Parle Agro, attributed an 87% year-on-year decline in the company’s net profit for FY24 to the imposition of a…
View More ‘Sin Tax’ on Sparkling Drinks Hits Parle Agro’s Profits, Says Joint MD
Coca-Cola is spicing up the season with its latest Tropical Holiday Freestyle Flavors, now available at Coca-Cola Freestyle machines nationwide. The Atlanta-based beverage giant, known…
View More Coca-Cola Launches New Tropical Holiday Flavors for a Limited Time
Danone is tapping into the growing demand for functional beverages by blending the worlds of coffee and energy drinks. The company’s popular brand, STōK Cold…
View More Danone Enters Energy Coffee Market with STōK Cold Brew Energy
In a bid to counter the rapid expansion of Reliance Consumer Products’ Campa Cola in regional markets, global beverage giants PepsiCo and Coca-Cola are reportedly…
View More Pepsi, Coke Eye Budget-Friendly Drinks as Reliance’s Campa Gains Ground in Regional Markets
Coca-Cola has reported a dip in beverage sales in India for Q3, ending on September 27, citing the impact of prolonged heavy monsoons across several…
View More Coca-Cola Sales Impacted by Heavy Monsoon in India, Eyes Recovery Ahead
PepsiCo has revised its 2024 sales growth forecast, citing reduced consumer spending on snacks and sodas in North America. As inflation and higher borrowing costs…
View More PepsiCo Lowers Sales Forecast as Consumers Cut Back on Snacks and Sodas
Synopsis: A recent report by ICRIER reveals that the carbonated soft drinks (CSD) sector in India is struggling to realize its growth potential due to…
View More High Taxation Stifling Growth of Carbonated Soft Drinks Sector in India: ICRIER Report