Varun Beverages to expand capacity for juices, dairy beverages
₹2,101.8 crore in 2023. It reported revenues of ₹16,042.6 crore during the year.
"This growth is primarily driven by the robust consumption pattern among our consumers which ultimately contributed in gaining 13.9% and 7% increase in consolidated sales volume and net realization per case, respectively," it said. In 2023, the Indian soft drinks industry encountered a challenging yet progressive year on account of unseasonal rains.
“Following substantial growth in 2022 attributed to the resurgence of out-of-home consumption, the industry confronted unseasonal rains that disrupted sales during the critical summer season," it said. “Nevertheless, the sector adeptly adjusted to evolving consumer preferences and maintained a steady growth trajectory.
This resilience was particularly evident in the energy drinks segment, which, after emerging as a growth category in 2022, continued its expansion through 2023. The broader soft drinks market, encompassing carbonates, juices, and bottled water, also sustained growth during the year," it added.
Varun Beverages accounts for over 90% of Pepsi’s beverages sales volume in India. The company bottles and distributes brands such as Pepsi, Mountain Dew, Mirinda, Sting, 7UP, Gatorade, Tropicana, among others.Milestone Alert!
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