Coca Cola reports 16% volume growth in India for 2012
Beverages major Coca Cola on Tuesday reported 16 percent growth in sales volume in India for 2012 on strong demand for its different products.
New Delhi: Beverages major Coca Cola on Tuesday reported 16 percent growth in sales volume in India for 2012 on strong demand for its different products.
The US-based company, which reported 5 percent increase in net income at USD 9.01 billion for the year globally, said its growth in India was driven by sparkling and still beverage segment.
"...The company delivered strong volume growth in key emerging markets such as Thailand, up 22 percent, India, up 16 percent and Russia, up 8 percent for the full year," Coca-Cola said in a statement.
The company reported worldwide volume growth of 4 percent for 2012.
It further said, worldwide brand Coca Cola volume grew 3 percent for the full year, with growth across diverse markets, including India up 33 percent, Thailand (31 percent), Russia (20 percent), the Philippines (8 percent), Brazil (3 percent) and Mexico (3 percent).
The company's net income for the year rose by 5 percent to USD 9.01 billion, as against USD 8.58 billion in 2011.
Commenting on the company's performance Muhtar Kent, Chairman and Chief Executive Officer, Coca-Cola Company said: "In a year marked by continued uncertainty in the global economy, we delivered solid volume, revenue and profit growth, and we realised further volume and value share gains in non-alcoholic ready-to-drink beverages".