Despite a slowdown in the growth of the quick service restaurants (QSRs) sector and soft drinks, Ravi Jaipuria, chairman of RJ Corp, PepsiCo s largest bottler, and the largest franchise partner for KFC, Pizza Hut and Costa Coffee in India, believes year ahead is expected to see healthy double-digit growth for both businesses. The company has announced capacity expansion for juices and dairy, including commissioning a plant in Jharkhand with an investment of Rs 450 crore.
Despite a slowdown in the growth of the quick service restaurants (QSRs) sector and soft drinks, Ravi Jaipuria, chairman of RJ Corp, PepsiCo s largest bottler, and the largest franchise partner for KFC, Pizza Hut and Costa Coffee in India, believes year ahead is expected to see healthy double-digit growth for both businesses. The company has announced capacity expansion for juices and dairy, including commissioning a plant in Jharkhand with an investment of Rs 450 crore.
Despite a slowdown in the growth of the quick service restaurants (QSRs) sector and soft drinks, Ravi Jaipuria, chairman of RJ Corp, PepsiCo s largest bottler, and the largest franchise partner for KFC, Pizza Hut and Costa Coffee in India, believes year ahead is expected to see healthy double-digit growth for both businesses. The company has announced capacity expansion for juices and dairy, including commissioning a plant in Jharkhand with an investment of Rs 450 crore.
Covid-19 second wave taking fizz out of Coca Cola, PepsiCo biz: Crisil
Despite some claw-back after an estimated decline by a fifth last fiscal, the revenue of India s non-alcoholic beverages industry will still be 10% short of the fiscal 2020 mark, Crisil said
Vidya S | May 21, 2021 | Updated 16:15 IST
Pepsi, Coca-Cola and other soft drink businesses are unlikely to bounce back to pre-pandemic levels in the current financial year with the second wave of the coronavirus infections in the country suppressing their revenue by 10% compared to 2019-20, according to a report by credit ratings agency Crisil released on Friday.
Despite some claw-back after an estimated decline by a fifth last fiscal, the revenue of India s non-alcoholic beverages industry will still be 10% short of the fiscal 2020 mark, the agency said.