Flavell David sold $405K of PEP

India’s food regulator FSSAI will not extend a 90-day deadline for beverage firms to stop labeling high-caffeine drinks as “energy drinks,” a government source said. PepsiCo, Red Bull, Monster Beverage and Reliance Consumer Products face enforcement and seizures by some states. Energy drink retail sales in India rose 12.6% annually, reaching 907 million litres in 2023, per Euromonitor.

India’s food safety regulator FSSAI will not extend a 90-day deadline to remove “energy drink” or similar labels from high-caffeine beverages, a government source said. PepsiCo, Red Bull, Monster Beverage and Reliance are seeking up to one year, citing inventory and pending imports. FSSAI says the term breaches rules and states can sell existing stock in 60-90 days.

PepsiCo (NASDAQ: PEP) reported Q2 2026 net revenue of $24.18 billion, up 6.4% year over year and slightly above consensus, with diluted EPS of $2.18 and core EPS of $2.20. The company reaffirmed fiscal 2026 guidance for 2–4% organic revenue growth and 4–6% core EPS growth. Shares fell about 3–4% after the release as core margins and North America trends were scrutinized.

Carlsberg Group said it will take over production, sales and distribution of PepsiCo’s soft drinks in Azerbaijan from 1 Jan 2027, expanding its bottling partnership. Carlsberg plans to expand its Xirdalan brewery to produce PepsiCo beverages alongside local beer. The deal is expected to double Carlsberg’s Azerbaijan business and expand the PepsiCo bottling relationship to 15 markets.

Carlsberg Group will become PepsiCo’s bottler in Azerbaijan from 1 Jan 2027 under a new agreement, according to APA. Carlsberg will take over production, sales and distribution of PepsiCo soft drinks in Azerbaijan, using PepsiCo Bottler Mars Overseas for production continuity while Carlsberg’s Khirdalan plant is rebuilt. Carlsberg will bottle PepsiCo in 15 markets.

Coca-Cola reported Q2 results: global unit case volume rose 5% and organic revenue grew 6%, with comparable operating margin at 35.6%. Comparable earnings were 97 cents per share on $13.4B revenue, and full-year guidance was raised to about 5% organic revenue growth and 9% to 10% EPS growth. PepsiCo’s North America organic sales were weaker, with management citing worse consumer conditions tied mainly to gas prices.