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Coca Cola India volume growth at 6% in Jan-Mar

PTI | Last Updated: Tuesday, April 15, 2014 - 22:15

New Delhi: Beverage giant Coca Cola on Tuesday said its volume growth in India increased by 6 percent in the first quarter ended March 28, 2013.

The company, which reported two percent increase in global volumes in the March quarter, said this is Coca Cola India's 31st consecutive quarter of growth, 19 of which are double digits.

Coca Cola gained volume and value share in India in non-alcoholic ready to drink beverages (NARTD) beverages in the quarter, the company said in a statement.

Coca Cola's Asia Pacific business reported seven percent increase in volume in the quarter led by China and India.

Volume of Coca Cola in China grew by 12 percent, it said.

Commenting on the result, Coca Cola Chairman and CEO Muhtar Kent said: "Our growth momentum is steadily improving in line with our expectations, as we delivered sequentially stronger volume growth of 2 percent in the quarter while gaining global volume and value share in nonalcoholic ready-to-drink beverages."

"We are firmly committed to further advancing our growth trajectory through 2014 as we are accelerating marketing investments in our brands and focusing relentlessly on marketplace execution in partnership with our bottling partners around the world."

The company said volume of Bottling Investments Group (BIG) grew by 5 percent in the quarter on a comparable basis, led by China and India.

First Published: Tuesday, April 15, 2014 - 22:15
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