Consumer Non-Cyclical Sector Review: GlaxoSmithKline’s Malted Milk Trumps Pepsi in India
PepsiCo, Inc. (NYSE:PEP): In India, GlaxoSmithKline’s (NYSE:GSK) malted milk drink called Horlicks only trails bottled water in sales and is well ahead of Pepsi (NYSE:PEP), as the drugmaker attempts to spread that success to other emerging markets, reports Bloomberg Businessweek.
The shares closed at $66.70, up $0.5, or 0.76%, on the day. Its market capitalization is $104.28 billion.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.