Prices of soft drinks rise amid FX woes, inflationary pressure

Prices of soft drinks are on the rise as the industry continues to grapple with the fallout from macroeconomic headwinds induced by the drop in oil price. Nigerian Bottling Company (NBC), the More »

How brewers are selling beer with folklore

As Nigeria’s recession deepens and consumers pockets are squeezed, majority of those still drinking have shifted their beer preferences to value or low cost brands. Nigerian Breweries Plc, the country’s leading brewer More »

Category Archives: Soft drinks

Coca-Cola ‘No Sugar’ set to make its debut

The Coca-Cola Company (TCCC) is set to unveil “Coca-Cola No Sugar”, its newest creation this week in Australia. The beverage giant chose Australia because its local franchise, Coca-Cola Amatil has been experiencing declining sales as more Australians opt for less sugar in their drinks due to health concerns.

The soft drinks giant said that “No Sugar” or “Zero Sugar” as it is called in some markets due to local labeling requirements, was the result of five years of development and 15 consumer trials to get the taste of a non-sugar drink as close as possible to the original coke.

Cost savings and product quality initiatives help lift Suntory Beverage & Food first Quarter profit

Japanese Beverage and Food Company Suntory Beverages & Food Limited reported flat sales of -0.1% in its first quarter 2017. Total revenue for the three months ending in March fell to ¥308.9bn ($2.7bn).

However, the company said that it was able to boost profit by focusing on strengthening its brands, creating new demand, reforming its cost structure and improving product quality.

Coca-Cola HBC hails 4.5% revenue growth in first quarter

Coca-Cola HBC AG, the bottler of Coca-Cola products in Nigeria and 27 other European countries said on Thursday that revenue for the first quarter of 2017 (Jan – Mar) rose 4.5% to €1.38bn ($1.49bn), up from €1.3bn in 2016. Total volumes rose 0.7% in the period.

The group attributes its good performance to strong growth in emerging markets, where sales rose 12.6% to €628.9m on a 4% volume lift. According to the company, volumes in Russia showed the first signs of recovery, recording very low single-digit volume growth for the first time in eight quarters, driven by mid-single digit increase in sparkling.

Nigerian Breweries kicks-off 2017 Edition of ‘Maltina Teacher of the Year’ Awards

In its quest to reward teachers for their priceless effort in nation building, leading brewery company, Nigerian Breweries Plc, has flagged-off the 2017 Maltina Teacher of the Year competition.

At the event, attended by key education stakeholders across the country, the Managing Director of the company, Mr. Nicolaas Vervelde, represented by the Corporate Affairs Adviser, Mr Kufre Ekanem, said that applications for the 2017 Maltina Teacher of the Year opened on Tuesday May 9, 2017.

Coca-Cola Beverages South Africa sells stake in Appletiser to black empowerment firms

Coca-Cola Beverages South Africa (CCBSA), the South African unit of the newly formed Coca-Cola Beverages Africa (CCBA) said on Monday it has sold 21.5% of its shareholdings in Appletiser brand to group of investors and employees.

La Casera relaunches its famous Apple drink

The La Casera Company, a leading soft drinks firm in the country has relaunched its eponymous Apple drink – La Casera Apple drink, a favourite among the youths.

The reintroduction of the brand received endorsements from the regulatory agencies including the National Agency for Food, Drug Administration and Control (NAFDAC), Standards Organisation of Nigeria (SON), as well as from the Manufacturers Association of Nigeria (MAN), distributors and consumers at the event which held at the Oriental Hotel, Victoria Island, Lagos on Friday.

Coca-Cola Nigeria wins most Innovative Multinational Company Award

Coca-Cola Nigeria Limited has emerged as Nigeria’s most innovative multinational company at the recently concluded BussinessDay Top 25 Most Innovative Companies & Institutions Awards 2017.

The award which was organized by BusinessDay Media, a leading business publication in the country was held at Eko Hotels & Suites, Victoria Island Lagos on Friday 28 April 2017.

NBC thanks consumers, other stakeholders as CPC report confirms Fanta, Sprite compliant with regulatory standards

The Nigerian Bottling Company (“NBC”) said it has received the report of investigation conducted by the Consumer Protection Council (“CPC”) to determine the levels of benzoic acid contained in its soft drinks.

The bottler of coca-Cola products in Nigeria said it was pleased with the CPC investigation as the laboratory analysis proved that the benzoic acid levels in its products meet permissible limits prescribed under the Nigerian Industrial Standards (NIS) and with the International Food Safety limit set by the Codex Alimentarius Commission.

PepsiCo’s earnings boosted by higher prices, healthier drinks and snacks

PepsiCo received a strong boost in earnings as higher prices helped lift first quarter results. The company best known for its Pepsi cola brand said that revenue grew 2% to $12bn in the first three months of the year, while profits jumped 41% to $1.32bn, from $931m in the previous year.

The soda giant said that there was a strong demand for its healthier drinks and snacks and it also kept a lid on costs as selling and administrative expenses fell 5% from the previous year’s period.

Coca-Cola suffers sales and profit slump in Q1 on refranchising costs, headwinds

Atlanta-based Coca-Cola said on Tuesday that revenue for the first quarter ending on March 31, 2017 fell 11% to $9.1bn, while profit dropped 20% to $1.18bn. The poor performance was blamed on headwinds related to acquisitions, divestitures and costs associated with the ongoing North American bottling refranchising programme, as well as foreign exchange headwinds.