Search result for 'carbonated beverages'

Varun Beverages shares decline after GST Council approves tax hike on carbonated drinks. Delta Corp also drops. Impact on beverage industry.

Delta Corp shares fall over 8% due to 40% tax on gaming services. Varun Beverages declines nearly 3% after GST hike on drinks.

Beverage industry urges GST reduction to 18%, removal of sin tax for aerated drinks, citing mass consumption and job creation.

Coca-Cola's COO expects more Indian brands to reach $1B in revenue, citing the market's vibrancy and growth potential. India is a key market for Coca-Cola, with 3 existing billion-dollar brands.

ICRIER report highlights high GST on carbonated drinks in India, hindering market growth despite consumer demand for healthier options and innovation.

The Indian Beverage Association calls for a rationalized GST structure based on sugar content for non-alcoholic beverages. This could boost the sector to Rs 1.5 lakh crore by 2030. Read more.