- 18 Apr 2022
- ICICI Securities
Demand for soft drinks, ice-creams touches five-year high
VBL - 1104 Change: 13.35 (1.22 %)News: Demand for soft drinks and ice-creams has touched a five-year high, with the early onset of summer, improved power supply in villages, stable prices, return of push-cart workforce to cities, and revival of business and leisure travel as well as general mobility.
Views: Extreme heat and cola companies' aggressive push after two years of disruption has resulted in robust sales for carbonated drinks & ice-creams. We believe this would result in not only higher sales but better margins owing to operating leverage benefits
Impact: Positive