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.

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