Varun Beverages – the largest bottler of Pepsi outside the US – announced its entry in the non-beverage category. The company said it will manufacture one of Pepsi’s snacking brands – Kurkure Puffcorn. According to Jefferies, the impact of this announcement on financials will be negligible, but it could be a precursor to something big as both Varun and Pepsi enjoy a long-standing relationship. Apart from this, there are more triggers for the company – normalised summer season in 2022 after 2 years of disruption, market share gains in the south and west region, strong growth in the non-carbonated category, and new product launches in the energy drink and dairy portfolio.
Posted from: 0001-01-01 00:00:00Z2022-03-02 08:59:00Z[]this blog via Microsoft Power Automate.
