VBL has been delivering robust volume growth aided by territory acquisition and distribution rights for Tropicana. Non-carbonated (NCD) and bottled water segments now contributes more than 29% of total volumes vs. <15% share in CY16. In CY18, sales volume for Tropicana juices grew 57% YoY and contributed ~6% to total sales volumes. With the launch of NCB's like Masala Nimbooz, Tropicana Fruitz, 7 Up Revive & Sting, VBL can establish its leadership position in the NCD segment, going forward. VBL's ongoing capex plan of | 450 crore for the production of both Tropicana and Gatorade...