Comments
India added the fizz to Coca Cola's global third quarter results with volumes growing 19 per cent - the highest growth gains from a geography for the company - followed by Argentina (11 per cent) and China (7 per cent). The company reported a worldwide volume growth of 5 per cent.
For India it was the 21st consecutive quarter of growth, which the company ascribed to integrated marketing programmes across music, sports and reality media programming.
The beverage giant beat analyst expectations by posting revenues of $12.2 billion, up 45 per cent from the year-ago period.
It said that this was due to “a 5 per cent increase in concentrate sales, a 5 per cent currency benefit, positive price/mix and the acquisition of Coca-Cola Enterprises' former North America operations, partially offset by commodity costs.”
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.