Coke posts 8% volume growth in India in Q1, 2013
New Delhi: Beverages major Coca Cola Company on Tuesday said it has posted 8 percent sales growth in volume terms in India for the first quarter ended March 29, 2013.
The US-based company, which announced its global earnings for the first quarter, said brand Coca Cola grew by 30 percent in India during the first quarter.
"India sparkling beverage volume growth in the quarter was led by brand Coca-Cola, up 30 percent, and driven by strong integrated marketing campaigns and continued expansion of packaging choices to consumers," the company said in a statement.
Globally, the company reported volume growth of 4 percent for the first quarter.
The company's Q1 net income was down USD 1.75 billion, compared to USD 2.05 billion in the same period last year. Net revenue stood at USD 11.03 billion, compared to 11.13 billion in the same quarter last year.
Coca-Cola Company's Chairman and Chief Executive Officer Muhtar Kent said: "I am pleased with our first quarter performance results, having once again delivered solid growth against the backdrop of a still uncertain global economy."