According to a report by Economictimes.indiatimes.com, PepsiCo and Coca-Cola are expanding their ranges of non-sugary alternatives to cater to health-conscious consumers who are seeking healthier options. This is due to the significant weightage of Reliance Industries in the Nifty index, according to a report by Economictimes.indiatimes.com. Reliance Industries, an Indian multinational conglomerate company, holds a substantial weightage in the Nifty index, making it a key driver of the market’s performance. In summary, PepsiCo and Coca-Cola are turning to diet and energy drinks to counter the decline in sales of sugary beverages. This shift in strategy reflects the changing preferences of health-conscious consumers who are seeking healthier alternatives.

Source: Economic Times July 16, 2023 21:55 UTC