Page 4 - Coca Cola India

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

Future of workplace is hybrid, says Coca-Cola's India President Sanket Ray

The pandemic has forced people to contemplate on their work-life balance: Coca Cola's President for India and Southwest Asia, Sanket Ray said on Thursday.

Restructuring will make us stronger after Covid: Coca-Cola India chief

Sanket Ray talks about a massive global restructuring that Coca-Cola is undergoing amid Covid-induced disruptions

Coca-Cola India net profit falls 2% to Rs 619.4 cr in 2019-20, says Tofler

The company had posted a net profit of Rs 632.26 crore in 2018-19, Tofler said

Food focus keeps PepsiCo going, but Coke struggles amid Covid-19 pandemic

Estimates indicate that volumes for the whole year for beverages will be down to a third of last year, despite the push by soft drink companies to go online

New Coca-Cola India head Sanket Ray has a task cut out for him

Unlike his predecessor, Ray will head a unit that is strategically more important to the parent company and will report directly to top executives at the firm's headquarters

Challenges galore for Sanket Ray, Coca-Cola's new head for India & SW Asia

With the Covid-19 pandemic shattering the country's economy, resulting in mass layoffs and salary cuts, the cola major is now facing faltering sales and an overall slowdown in consumption

Coca-Cola India investments on track despite Covid-19 disruptions

Half of Rs 11,000 crore kitty utilised, says CEO Krishnakumar

Covid-19 impact: WFH consumers are the real thing in new Coke plan

The country's largest aerated drinks company is focusing on driving in-home consumption - deviating from its out-of-home strategy.

Stimulus 2.0: Reforms good, implementation a challenge, say food firms

The reason is the "well-oiled system" that exists right now, preventing farmers from approaching buyers directly.

Covid-19 lockdown: Mondelez, other FMCG giants indicate dent in business

In an investor call, Dirk Van de Put, Mondelez's global chairman and CEO said the firm went "absolutely blank" in the first phase of the lockdown, which began on March 25

Covid-19: FIR against Coca Cola plant in Himachal for flouting lockdown

Operation of all units barring those manufacturing essential commodities has been banned during the lockdown, they added

Protests, riots hit businesses in varying degrees, says Coca-Cola CEO

A recent report pegged the economic losses due to the New Delhi riots alone at Rs 25,000 crore.

Coca Cola to woo affluent and aspiring consumers with slew of new launches

Company feels new products across consumer price points will help the company reach its goal of making India its third largest market globally

Hindustan Unilever, Nestle share top spot among 16 firms on nutrition index

FMCG majors HUL and Nestle have been jointly ranked first in the industry for their approach to nutrition in the 'India Access to Nutrition Spotlight Index'. They were followed by food and beverages major PepsiCo India, Britannia Industries and Coca-Cola India. The index is published by Access to Nutrition Index (ATNI) and hosted by Access to Nutrition Foundation, an international not-for-profit organisation. ATNI report is published once in every three years and this is the second edition of India Spotlight Index. India was selected as a spotlight country as it has a rapidly developing food and beverages sector, a statement said. The initiative is supported by the Bill & Melinda Gates Foundation and the governments of the UK and the Netherlands. This season, 16 largest companies in India's food and beverage sector were assessed with the aim to encourage these companies to improve their nutrition practices, it added. The other companies were Amul, Mondelez India, Mother Dairy, ..

Star sets up drumbeat for IPL, but has the event priced itself too high?

Brands and franchises get ready to put their best pitch forward over an exhausting tournament calendar

Sale of three bottling plants in India fetches Coca-Cola Rs 500 crore

As a part of the transition, Hindustan Coca-Cola Beverages divested three of its existing plants in the region - one each in Ghaziabad, Varanasi, and Jammu

Coca-Cola to transfer in-house bottling arm in north India to franchisees

As part of the realignment, HCCB is transferring operations in four territories in north India to existing bottling partners of the company, Coca-Cola said in a statement

Coke goes 'hyperlocal', plans to launch bottled water in regional markets

The move comes as India emerges the fourth-largest market for Coke's premium water brand 'smartwater', launched in 2018