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Coca Cola volume sales grow 15% in India in Q3
The company, which reported 4 percent increase in its income at USD 2.31 billion for the quarter, said its growth in India was driven by sparkling and still beverage segment.
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New Delhi: Beverages major Coca Cola on Tuesday reported a 15 percent increase in growth in sales volume in India for the third quarter ended September 28 on the back of strong demand.
The company, which reported 4 percent increase in its income at USD 2.31 billion for the quarter, said its growth in India was driven by sparkling and still beverage segment.
"In India, we gained volume and value share in total NARTD (non-alcohol ready-to-drink) beverages as well as in sparkling and still beverages in the quarter, with both sparkling and still beverage volume growth of 15 percent," Coca Cola said in a statement.
India was one of the major markets that drove the company's sales in the overall Eurasia and Africa region, where volume grew 11 percent in the quarter.
"Growth in the quarter was led by India, up 15 percent, Middle East and North Africa, up 22 percent, Russia, up 7 percent and South Africa, up 7 percent," it said.
Still beverages volume growth in India was driven by strong performance in juices and juice drinks, including Minute Maid Pulpy and Maaza mango juice drink, Coca Cola said.
The company said India sparkling beverage growth was driven by a strong system focus behind brand Coca-Cola as well as customised integrated marketing campaigns centered on music and sports.
During the quarter, brand Coca-Cola volume in India grew 34 percent and Sprite grew 15 percent, with balanced growth across its portfolio of package sizes, the company said.
The Coca-Cola Company reported worldwide volume growth of 4 percent in the third quarter, the company said.
In the third quarter, the company's net revenues stood at USD 12.34 billion, up 1 percent compared to USD 12.24 billion in the same period previous year.
Commenting on the company's performance Coca-Cola Company Chairman and Chief Executive Officer Muhtar Kent said: "We realised growth in the quarter across all five of our global geographic operating groups, despite continued volatility in the worldwide economy. We have been able to crack the calculus for growth in this environment."
PTI
The company, which reported 4 percent increase in its income at USD 2.31 billion for the quarter, said its growth in India was driven by sparkling and still beverage segment.
"In India, we gained volume and value share in total NARTD (non-alcohol ready-to-drink) beverages as well as in sparkling and still beverages in the quarter, with both sparkling and still beverage volume growth of 15 percent," Coca Cola said in a statement.
India was one of the major markets that drove the company's sales in the overall Eurasia and Africa region, where volume grew 11 percent in the quarter.
"Growth in the quarter was led by India, up 15 percent, Middle East and North Africa, up 22 percent, Russia, up 7 percent and South Africa, up 7 percent," it said.
Still beverages volume growth in India was driven by strong performance in juices and juice drinks, including Minute Maid Pulpy and Maaza mango juice drink, Coca Cola said.
The company said India sparkling beverage growth was driven by a strong system focus behind brand Coca-Cola as well as customised integrated marketing campaigns centered on music and sports.
During the quarter, brand Coca-Cola volume in India grew 34 percent and Sprite grew 15 percent, with balanced growth across its portfolio of package sizes, the company said.
The Coca-Cola Company reported worldwide volume growth of 4 percent in the third quarter, the company said.
In the third quarter, the company's net revenues stood at USD 12.34 billion, up 1 percent compared to USD 12.24 billion in the same period previous year.
Commenting on the company's performance Coca-Cola Company Chairman and Chief Executive Officer Muhtar Kent said: "We realised growth in the quarter across all five of our global geographic operating groups, despite continued volatility in the worldwide economy. We have been able to crack the calculus for growth in this environment."
PTI
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