Latest news with #Campa
Time of India
3 days ago
- Business
- Time of India
Coke's plan is to have an endless summer
Representative image (Picture credit: AP) MUMBAI: Coca-Cola is pivoting towards an "all-weather" strategy to get consumers to spend on soft drinks beyond summers - the peak sales season for beverage firms worldwide as companies increasingly contend with the scourge of climate change and vagaries of weather. "An all-weather mindset is very important. It reduces dependence on seasonality," said Henrique Braun, global chief operating officer and executive VP at The Coca-Cola Company. Implementing an all-weather strategy in India would mean creating more occasions to consume beverages. Coca-Cola is betting big on festivals to drive more consumption of cold beverages in India. "India is a developing market... there are too many occasions that we need to develop in order for the seasonality to be lower. It takes time, but that's the game in the long term," Braun said in a media roundtable on Thursday, indicating that the early arrival of monsoons in India this year may impact summer sales. "You might have an impact on a daily basis, weekly basis, but you need to overcome these over time, and that's what the (all-weather) strategy is," Braun said. The monsoon hit Kerala on May 24, eight days ahead of its normal arrival date on June 1, the earliest onset since 2009. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Kickstart your new journey with the Honda Shine 125 Honda Learn More Undo Rains have also advanced to other parts of the country, impacting sales of soft drinks, cold beverages, and ice creams. Braun's trip to India, the second executive visit from Coca-Cola's global leadership team this year after CFO John Murphy, comes at a time when the local beverage space has become more competitive after Reliance's Campa entered the market with its cheaper-priced cola variants. "The barrier to entry is not that big, but the barrier to stay and scale is very high," said Braun, who discussed growth opportunities with the India team and studied the trends shaping up in the market during his visit. Coca-Cola, which continues to see "resilient" demand in India despite a broader slowdown in consumption over the past few quarters, will offer a wide selection of choices to consumers and build a varied portfolio across pack sizes amid a push towards healthier options among certain sections of the population. "More than two-thirds of our products globally have zero-calorie offerings from the same brands. There's always a product for a consumer need state in a size and serving that they want and the formulations that they can enjoy with the best taste. That's our approach. Our job is to continue to provide the right portfolio and let choice be the driver," Braun said. Coca-Cola said it wants to build more billion-dollar brands out of India. Over the years, it has built two homegrown brands, Maaza and Thums Up (which were acquired by the company in the 1990s), into billion-dollar brands and took them global. Sprite (not local) is the other one to have reached that mark in India. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India.com
7 days ago
- Business
- India.com
Mukesh Ambani, Isha Ambani to disrupt another market, target 600000000 people, Reliance to enter in…, another hit after Campa-cola?
Reliance Consumer Products Limited (RCPL) Director T. Krishnakumar stated that the company is targeting 600 million customers. It is planning to collaborate with local stores and give them better margins by introducing affordable products in the FMCG sector. Reliance Industries, led by Mukesh Ambani, is planning to reach every corner of the country. To achieve this, the company is focusing on the rapidly growing FMCG sector and targeting the common households. According to an Economic Times report, Reliance may introduce affordable products in the FMCG competitors like HUL, ITC, Nestle, and Dabur are also focusing on premium products to maximize profits. Reliance will work closely with nearby shops and give them good profit margins. In an interview, Krishnakumar said that India's population is approximately 1.4 billion out of which majority of them are middle class. The company will develop high-quality products for this segment. Another Hit Like 'Campa'? Reliance started consumer business in 2022 as a subsidiary of Reliance Retail Ventures. It has acquired over 15 brands like Campa soft drinks, which was purchased from Pure Drinks Limited in 2022 for Rs 22 crore. In FY25, RCPL reported a total revenue of Rs 11,500 crore out of which 60% came from general trade. The company kept a sales target of Rs 1,000 crore each for Campa and Independence brands and a goal to reach 1 million stores. Krishnakumar added that by the end of last year, the company held a market share of around 20% in beverages and staples. Reliance wants to increase this to 60–70% by March 2026. As Reliance increased Camp cola shares day by day in last year, on a similar note the company is planning to enter the FMCG market.
Yahoo
09-05-2025
- Yahoo
2 people arrested for alleged 'take down robberies' in Phoenix: PD
The Brief Police say they have arrested two people in connection with two takedown-style robberies in Phoenix. The suspects were identified as Osvaldo Campa and Pablo Manuel Escobar Castillo. PHOENIX - Two men are behind bars after what police described as "takedown-style robberies" at two eateries in the north Phoenix area. Both incidents happened on the same night, and both incidents were caught on video. Court documents have identified the suspects as 22-year-old Osvaldo Campa and 20-year-old Pablo Manuel Escobar Castillo. Both men, according to investigators, have long rap sheets, with accusations of robbing at least five businesses over the past two months. Court documents for both Campa and Castillo described what allegedly happened in recent months, including two incidents that happened on April 29. What we know Per investigators, the first April 29 incident happened at around 8:33 p.m., when Campa and Castillo allegedly arrived on-foot at a Mexican eatery in the area of 19th Avenue and Thunderbird Road, and entered the eatery via an open rear door on the west side of the building. After they entered the eatery, officials said one of them pointed a gun at a cashier and took money from two register drawers. The suspects then fled the eatery via a back door. The second incident, according to investigators, happened at around 9:35 p.m., and it involved an eatery near Bell and Cave Creek Roads. In this incident, one of the suspects allegedly pointed a handgun at customers and employees while demanding money. The two left after getting about $2,500 in cash. In a statement, Phoenix Police said the two were arrested on May 6. "Through interviews, both admitted to their involvement in the two armed robberies and both suspects have been booked on multiple charges related to the two investigations," officials wrote. Local perspective "Two guys came through the backdoor right here, and they were pointing guns. It was really scary," said one longtime employee, identified only as 'Joanna.' While Joanna was not at work on the night of the incident, she had heard of the story, and saw the video. "They're OK, but there's still scared at night," said Joanna. "They close earlier in the lobby now than they used to." What's next Both Campa and Castillo are facing armed robbery charges.
Mint
01-05-2025
- Business
- Mint
PepsiCo bottler Varun Beverages opts to expand reach as competitors in soft-drinks market engage in price war
Varun Beverages Ltd (VBL) has chosen to fight the war of reach instead of pricing as competition stiffens in India's soft drinks market. The PepsiCo bottler clocked a 30% year-on-year volume growth in the March quarter (Q1CY25), led by 15.5% organic growth in India and a deepening presence in overseas markets including South Africa and Zimbabwe. The company follows a January-to-December financial year. 'Strong double-digit volume growth in India with margin expansion should allay investor concerns around Reliance's Campa, a key positive in Q1," analysts at Jefferies India said in a report on 30 April, referring to the competitor's disruptive pricing. 'Although Q2CY25 is quite important from a seasonality perspective." India Ebitda margin rose 111 basis points (bps) due to operational efficiencies aided by volume growth. VBL's consolidated revenue increased 29% in Q1CY25, encouraging it to guide for a double-digit growth for CY25. This despite rivals splurging on campaigns in the ongoing Indian Premier League cricket tournament and sweetening trade margins. Nuvama Institutional Equities noted that Tata Consumer has re-indexed retailer margins in its NourishCo business to match the competition. Coca-Cola highlighted double-digit volume growth in Q1CY25, led by strong performances from Coca-Cola and Thums Up, although it reported a drop in non-alcoholic ready-to-drink beverages. 'Coca-Cola saw over 180 million servings during the Maha Kumbh Mela festival, which in our view would have helped the industry growth rate," Nuvama's analysts said. Reliance Consumer has announced new plants in Bihar and Assam to ramp up its manufacturing and distribution footprint. Against this backdrop, VBL coped by doubling down on expanding its outlet coverage and cold-chain infrastructure. Its mantra: deepen market penetration and sharpen the product mix. It believes rising competition is expanding the overall category, reiterating that with only 4 million of India's 12 million FMCG outlets covered, distribution remains a key growth lever. VBL's energy and hydration categories grew over 100% in Q1CY25. Value-added dairy, a new engine, also grew at 100%+, albeit on a smaller base. Smaller packs—though costlier to make—helped lift realisation per case, which rose 1.8% in India but stayed flat in the overseas markets. On the flipside, VBL's consolidated gross margin fell to 54.6%, down 171 basis points year-on-year. Higher volumes from South Africa hurt as a large part of sales there came from owned brands that have lower margins. Plus, overall water costs have been shifted into direct costs, while the rising share of carbonated soft drinks and smaller pack sizes pushed up the cost of goods sold. The Ebitda margin drop of 20 bps to 22.7% was much smaller in Q1CY25. VBL continues to hold firm on its India Ebitda margin floor of 21%. The management said that while inflation and product-mix shifts could pressure the margin temporarily, its backward integration, improved scale and focus on operational efficiency give it confidence in defending profitability—even in an aggressive market. VBL has a capex plan of ₹ 3,100 crore for this year. It is adding four plants, including the Bihar and Meghalaya sites set to go live in May. Meanwhile, South Africa remains a work in progress. Volumes rose 13% year-on-year over the trailing 12 months, and Pepsi's contribution improved from 15% to 20%. It is trimming loss-making SKUs. The South Africa business Ebitda margin improved from 10% at acquisition to 14% but is still much lower. VBL shares fell 2% on Wednesday after the results as investors weighed the near-term pressures. Jefferies cut its earnings per share estimates by 7-9% on moderation in its assumptions on growth in the international segment and lower margin assumptions. Even so, with the market offering enough growth potential, VBL's bet on reach may well pay off if execution is healthy.
Time of India
30-04-2025
- Business
- Time of India
Not cool: AC and refrigerator sales witness sharp decline
After a buoyant start in March, fear has gripped summer product companies with sales of air-conditioners and refrigerators slipping sharply in April in some geographies like the South and East pushing down overall growth rates. Beverages makers said sales have been marginally impacted in select markets where April has seen lower temperatures, but added that at a national level, demand is growing in double digits. Sales of air-conditioners fell by over 20 per cent year-on-year nationally in April, while refrigerator demand was down by 10 per cent , as per industry estimates. For beverages, sales were down by 10-15 per cent y-o-y in the East, Northeast and some Southern markets like Karnataka, the executives said. Industry executives said lower number of heatwave days in the peak summer period of April compared to last year, moderate temperatures in South, East and Northeast, and intermittent rains slowed offtake in these markets. "AC sales have been down in most geographies in April including parts of North India which were cooler till about 8-10 days," said Pradeep Bakshi, managing director at Tata-owned Voltas. "Retailers are fully prepared with stock, waiting for peak summer demand to pick up," he said. However, Bakshi, declined to share sales numbers of Voltas due to the silent period before announcement of last quarter results. As a result, most companies are now postponing the planned 3-4 per cent price hike of ACs from May to ensure the sales buoyancy is not impacted. Kamal Nandi, head of appliance business at Godrej Enterprises, said even refrigerator sales were down by about 8-10 per cent in April y-o-y due to poor demand in the South. "For AC, only North is firing right now, which is 40 per cent of the national market. Rest are down, pulling down overall growth rates," he said. While the North is the largest market for most summer products, the contribution of other regions has gone up in the last two years due to prolonged heat waves. Last year, most AC brands were facing a stock out situation by now due to intense demand across the country with sales jumping by a huge 50-55 per cent . This high base effect is also pulling down growth rates this year. Even beverage companies are impacted, despite the price war in the segment driven by Reliance's Campa cola. A senior executive at one of India's largest beverage bottling companies said April has been a disappointment in markets like Karnataka, East and North East because of lower temperatures. This is despite sales being ahead of expectations in February and March, he said. "However, sales in the North have held through this month. With forecasts of a heatwave nationally in May and June, we expect the overall quarter to be much better than last year. We are prepared to meet the expected surge in demand," he said. April-June is the most crucial period for companies selling summer products as this quarter accounts for 40-70 per cent of their annual sales. Sales of AC and refrigerators in the South declined by 40-50 per cent in April over last year, while East and West were down by about 5 per cent . Havells India managing director Anil Rai Gupta told analysts last week that there was slower growth in the summer products like AC and fans due to a delay in the onset of peak summer in North and South. "Hopefully, it should pan out well in the next 75 days of the quarter, but it's still to pan out," he said.
