Coca Cola quarterly volume in India grows 20 percent
February 8th, 2012 - 12:36 am ICT by IANSNew Delhi, Feb 7 (IANS) Global beverages giant Coca Cola posted 20 percent growth in volume for the quarter ended Dec 31 in India, driven by the Diwali festival, while its global consolidated net operating revenues rose by five percent to $11 billion.
“India volume grew 20 percent in the quarter, our 22nd consecutive quarter of growth, with strong 22 percent growth in sparkling beverages driven by Diwali festival activation and continued success with integrated marketing programs like our Coke Studio music programming,” the company said in a statement.
“The volume growth for the full year remained well-balanced across the globe, with solid growth in key developed markets like North America, Japan and Germany and double-digit growth in key emerging markets like India and China,” it added.
Global consolidated gross profit increased 7 percent to $6.64 billion while the company’s operating income in the Eurasia and Africa during the quarter under review grew 16 percent.
The company, which does not give country-specific details, said its Eurasia and Africa group’s volume grew four percent in the quarter led by strong results in India.
The bottling investments group’s volume grew 3 percent in the quarter on an average daily sales basis, reflecting growth in Germany, India and China.
- Coca Cola India posts 17th consecutive quarterly growth - Oct 19, 2010
- India, China sales boost Coca-Cola profits - Feb 10, 2010
- Coke profits soar to $6.8 bn riding India, China sales (Lead) - Feb 10, 2010
- India, China driving gold demand despite high price: Council - Aug 18, 2011
- Coca-Cola reports 22 percent jump in India sales - Jul 21, 2010
- Hindustan Unilever quarterly net profit rises 21.7 percent - Oct 31, 2011
- Japan's GDP growth lowered to 5.6 percent - Dec 09, 2011
- India, China helping decrease global inequality: IMF - Sep 12, 2011
- Dabur India net profit rises 13 percent during 2010-11 - Apr 27, 2011
- ITC quarterly net profit grows 26 percent - May 25, 2012
- Infosys profits from weak rupee, lowers dollar guidance (Lead) - Jan 12, 2012
- Coca-Cola, ISB to set up retail academy - Jan 10, 2011
- UN: European financial crisis slowing down global manufacturing - Mar 03, 2012
- Biocon net marginally down in fiscal 2012 - Apr 27, 2012
- Coca-Cola sees 33 percent growth in India - Jul 21, 2009
Tags: africa group, beverages, coca cola, coke, consecutive quarter, diwali, diwali festival, double digit growth, emerging markets, eurasia, globe, gross profit, integrated marketing, marketing programs, music programming, New Delhi, operating income, quarterly volume, studio music, volume growth