Page 3 - Coca-cola India

Coca-Cola India's spending on brands expected to be highest in H2: Official

Beverage major Coca-Cola is going to have its highest-ever spending on brands in the second half of 2023 in India, when the ICC Men's Cricket World Cup is coinciding with the festive season, which is expected to boost the consumption, a top company official said on Friday. Though the company has not shared the quantum of spending but said it is a "big part of overall investment" that they are going to make during the ICC World Cup, which provides "a very big platform" for their business expansion, Coca-Cola India and South-West Asia Vice President, Marketing Arnab Roy, said. Coca-Cola, which had a "challenging summer" this year due to unseasonal rains, expects people will spend money across categories during the festive season despite challenging macro conditions, and affordable packages would do well. When asked if Coca-Cola can make up for a slower second quarter, Roy said: "Probably based on the trends we are seeing both in Q3 and the beginning of Q4, we feel very positive and ..

Coca-Cola India introduces 100% recycled PET bottles for carbonated drink

Beverages major Coca-Cola on Wednesday said it has introduced 100 per cent recycled PET bottles for its carbonated beverage supporting the circular economy. The company has introduced recycled PET (polyethylene terephthalate) bottles in pack sizes of 250 ml and 750 ml across several markets in India, said a statement from Coca-Cola India. These rPET bottles are being manufactured by Coca-Cola bottling partners - Moon Beverages and SLMG Beverages Ltd, it added. "The bottles made from 100 per cent food-grade rPET (excluding caps and labels) have an on-pack call to action "Recycle Me Again" message and will also drive consumer awareness with "100% recycled PET bottle" displayed on the pack," it said. These rPET bottles are crafted from food-grade recycled polyethylene terephthalate. The plastic is recycled as per the technologies approved by the USFDA and European Food Safety Authority (EFSA) for food-grade recycled material and repurposed into new PET bottles, reducing the need for .

Burger King likely to sign deal with Coca-Cola; may end tie-up with Pepsi

Executives said that the deal will be formalised and announced by the end of next quarter

Consumer cos implement all-weather strategies amid climate uncertainty

Erratic weather patterns prompt consumer firms to adopt climate-smart approaches, hiring experts and leveraging data to mitigate logistics and demand disruptions caused by extreme weather events

Unfavourable rains impacts Coca Cola's business, growth outlook intact

It also gained value share in total NARTD (non-alcoholic ready-to-drink) beverages led by share gains in South Korea, India, Australia and Thailand

As HCCB plans to sell its bottling business, senior officials bid adieu

The list of officials who resigned includes Neil Comerford who was executive director (ED) of the sales and commercial department, ED, HR Indrajeet Sengupta, among others

Coca-Cola India acquires a minority 15% stake in Hashtag Loyalty

Beverage major Coca-Cola India Ltd has acquired a minority 15 per cent stake in Hashtag Loyalty, which owns the food ordering platform Thrive. This move will help Coca-Cola to get benefitted from Thrive, which has a partnership with over 12,000 restaurants across India. Hashtag Loyalty is an associate of the country's leading QSR chain operator Jubilant FoodWorks Ltd (JFL), which has the master franchise rights of leading brands such as Domino's Pizza, Dunkin' and Popeyes. "Hashtag Loyalty, an associate of JFL, has entered into a securities subscription agreement dated April 17, 2023, with Coca-Cola India (New Investor) pursuant to which the new investor has acquired 15 per cent stake in Hashtag," JFL said in a regulatory update. Hashtag has raised the capital at a pre-money valuation of Rs 104.68 crore, it added. After this said transaction, JFL's stake in Hashtag has reduced from 35 per cent to 29.75 per cent. In October 2021, JFL had announced the acquisition of a stake in Has

Cola war looms as Campa returns; distributors fear for their margins

In an announcement last week, Reliance Consumer Products launched Campa with three flavors: cola, lemon, and orange. The drinks have been launched in Andhra Pradesh and Telangana

After Thums Up and Sprite, Maaza is Coca Cola India's next $1 billion bet

Earlier in 2022, Thums Up became the first Indian brand from the company's Indian portfolio to touch $1 billion in sales

Coca-Cola India FY22 profit up 3.8% to Rs 460.35 crore; revenue rises 36%

Beverages major Coca-Cola India's profit rose 3.82 per cent to Rs 460.35 crore in FY22 and revenue from operations increased 35.85 per cent to Rs 3,121.29 crore, according to financial data accessed by business intelligence platform Tofler. The cola major had logged a profit of Rs 443.38 crore for the financial year that ended on March 31, 2021, while its revenue from operations in that year stood at Rs 2,297.51 crore. Coca-Cola India's total income in FY22 was at Rs 3,192.17 crore, up 35.54 per cent. It was at Rs 2,355.10 crore in the year-ago period. Its other income also went up 23.07 per cent to Rs 70.88 crore in the financial year ended on March 31, 2022. Total expenses of Coca-Cola India were up 46.35 per cent at Rs 2,548.01 crore in FY22 as against Rs 1,740.92 crore in FY21. The company, which operates with power brands in Indian markets, including Coca Cola, Thums Up, Limca, Sprite, Maaza and Minute Maid, is part of Atlanta-based US beverages major The Coca-Cola Company.

Coca-Cola beats profit estimates in Q3, raises full-year guidance

The company said it now sees organic revenue growth of 14% to 15% for the full year. In July, Coca-Cola increased its full-year outlook from 12% to 13%

Coca-Cola India expands distribution network to rural mkts, kirana stores

"Consciously working on addressing the needs of rural consumers by offering them the most relevant packs," said Coca-Cola India

Britannia elevates Varun Berry to vice-chairman, names Rajneet Kohli CEO

Berry will continue the hold of managing director at the company, the company said in a stock exchange filing

Coca-Cola India, bottling partners investing $1 bn to expand capacity

Coca-Cola India and its bottling partners are investing around USD 1 billion (around Rs 7,990 crore) to expand the production capacity by up to 40 per cent, an official of the beverage major said

Coca-Cola India hopes to achieve 100% recycling of bottles, cans in 2-3 yrs

The company through its focus on three fundamental goals -- design, collect and partner -- is laying emphasis on entire packaging lifecycle

Affordable offerings help Coca-Cola raise its customer base in India

In the January-March quarter, this strategy yielded results with more than 500 million incremental transactions added in India, which is a nearly 20 per cent rise

Coca-Cola to set up second Telangana factory with investment of Rs 1,000 cr

Hindustan Coca-Cola Beverages (HCCB) on Thursday announced that it will set up a second factory in Telangana with an investment of Rs 1,000 crore.

Venues begin to re-open, pushing Coca-Cola's sales up 10% in Quarter 4

The Atlanta beverage giant said the fourth quarter was the first time since the pandemic that away-from-home sales volumes exceeded 2019 levels

Coca-Cola India net down 28.4% at Rs 443.4 cr in FY21; revenue down 16%

Coca-Cola India's net profit declined 28.4 per cent year-on-year to Rs 443.38 crore and its revenue from operations was down 16.2 per cent to Rs 2,297.51 crore in the pandemic-hit FY21, according to regulatory documents. The cola major had logged a net profit of Rs 619.14 crore in FY20, while its revenue from operations in that year had stood at Rs 2,741.54 crore. Coca-Cola India's total income also declined 16.2 per cent to Rs 2,355.10 crore in the fiscal ended March 2021 as against Rs 2,811.99 crore in the preceding financial year, according to the Registrar of Companies filing, shared by market intelligence firm Tofler. Reply to an e-mail sent to Coca-Cola India could not be ascertained immediately. In FY21, Coca-Cola India's other income also declined 18.2 per cent to Rs 57.59 crore as against Rs 70.44 crore a year ago. During the financial year 2020-21, the company's total expenses were reduced by 11.2 per cent to Rs 1,740.92 crore as against Rs 1,961.28 crore in the previous

Coca-Cola India extends partnership with Sourav Ganguly as brand ambassador

Beverage major Coca-Cola India on Wednesday said it has extended partnership with former Indian skipper and BCCI President Sourav Ganguly as its ambassador for another three years. Ganguly, now President of the Board of Control of Cricket in India (BCCI), had earlier signed a pact with Coca-Cola in 2017. Coca-Cola India and South-West Asia Vice President and Head-Marketing Arnab Roy said the extension of this partnership was a natural decision for the compass. Ganguly has undoubtedly emerged as one of the most iconic and strongest voices in sports in his diverse roles through the years, he added. Our association with him goes back to as early as 1997 when he was first signed as the Coca-Cola brand ambassador. Since then, Sourav has always been a part of the larger Coca-Cola family, leading and advising us on many programs, including some key grassroot initiatives, Roy said. Sourav Ganguly said: I am extremely delighted to extend this partnership further and look forward to doing s