The Coca-Cola Company reported strong second-quarter 2023 results, showing continued momentum in a dynamic operating environment. For Coca-Cola, the focus remains on strengthening its presence in emerging markets, building strategic partnerships, and investing in sustainable initiatives to support its growth trajectory in India & across the globe.
The company stressed that in the coming months, they would focus on innovation, revenue growth management and brand building by taking a sustainable approach & building a circular economy that benefits all stakeholders. Company’s India market performance analyzed below;
• Coca-Cola’s performance in the India market remained steady during the second quarter, with growth in Mexico and declines in the US and Spain. Developed markets remained unchanged, with growth in India and Brazil offset by Russia’s suspension in 2022 and Pakistan’s decline.• Coca-Cola experienced 2% growth in Unit Case Volume in the Asia Pacific region, driven by positive beverage categories in India, China, Thailand, and Vietnam.• The company also expanded its market share in total Non-Alcoholic Ready-to-Drink (NARTD) beverages, gaining notable share gains in South Korea, India, Australia, and Thailand.
