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Food and Beverage 01 Mar 2016

Budget 2016: Soft drinks may get costlier this summer

Beverage makers including MNCs and Indian top brands have hiked their pricing last year only as the government had imposed sin taxes of around 5% and 0.5%, respectively, on colas in previous two budgets.

You may have to pay extra on your favourite colas this summer, as the soft drinks pricing may go up by Rs 1-8 depending on the pack size.

Budget 2016 didn’t bring much positivity to the industry as the excise duty on sugary aerated drink has been increased from 18% to 21% by Finance Minister Arun Jaitley.

Beverage makers including MNCs and Indian top brands have hiked their pricing last year only as the government had imposed sin taxes of around 5% and 0.5%, respectively, on colas in previous two budgets.

From Rs 2 for a 200ml glass bottle, prices increased by around Rs 8 for PET bottles.  

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