Coca-Cola COO Henrique Braun said India remains a long-term growth market with expanding consumer base, rising drink frequency and steady capacity investments
The non-alcoholic beverages sector has urged the government to reduce GST on aerated drinks to 18 per cent, which will make these products more affordable, drive investments and generate 1.2 lakh jobs annually by 2030. Currently, aerated drinks attract 28 per cent GST and a sin tax of 12 per cent. The government is proposing to rejig GST to a two-slab structure-- 5 per cent and 18 per cent. In addition, there will be a special rate of 40 per cent to be levied on select few items like ultra-luxury cars and sin goods. Currently, GST is a 4-tier structure of 5, 12, 18 and 28 per cent. The Indian Beverage Association (IBA) said the rationalisation of GST for the sector will make products more affordable, increase investments in the sector and also generate 1.2 lakh new jobs annually by 2030. The IBA, while appreciating the government for the next-generation GST reforms, said reclassification, GST rationalisation and placing the category in a standard GST rate will unlock the sector's t
The company has held initial talks with a small number of potential bidders for Costa, including private equity firms, Sky News first reported, citing unidentified sources
Relaunched in 2018, Coca Cola had acquired the cumin-flavoured Rimzim from Parle in the 1990s, but is only pressing the pedal on it now. The company did not respond to email queries
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Coca-Cola reports a decline in India's Q2 volumes due to early monsoons and geopolitical disturbances, but remains optimistic about recovery through targeted marketing campaigns
The company's shares were up about 1% in premarket trading
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India is Coca-Cola's fifth-largest market by volume, with resilient demand, quick commerce expansion and digitisation helping drive growth, says Henrique Braun
India is Coca-Cola's fifth-largest market by volume, with resilient demand, quick commerce expansion and digitisation helping drive growth, says Henrique Braun
Limca, a lime and lemon-flavoured drink, has crossed the Rs 2,800-crore revenue mark in 2024, helped by its expansion in rural and urban areas. The five-decades-old brand is witnessing strong double-digit growth in key states such as Delhi, Punjab and Haryana, gaining share across both traditional trade and emerging retail formats, according to a statement released by Coca-Cola India. Since its inception in 1971, Limca has been a driving force in strengthening the company's sparkling portfolio, with demand soaring across both urban and rural markets, it added. Currently, Coca-Cola has three billion-dollar brands -- Thums Up, Sprite and Maaza in its India portfolio. Thums Up is now very close to becoming a USD 2 billion brand. Maaza, Thums Up and Limca were acquired by The Coca-Cola Company in 1993, when the Atlanta-headquartered company had re-entered the Indian market, from Ramesh Chauhan of Parle Bisleri. Coca-Cola had then bought the entire portfolio of aerated drinks from the
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Coca-Cola said in its letter that "sanction regimes and other legal hurdles remain in place, impacting any considerations about returning to the Russian market"
The Maha Kumbh Mela, considered the world's largest in-person gathering, saw an estimated 660 million attendees in 2025
Coca-Cola reported better-than-expected earnings in the first quarter and said the impact of tariffs on its business are likely to be manageable. Revenue fell 2 per cent to USD 11.1 billion in the January-March period, the company said on Tuesday. That was in line with Wall Street's expectations, according to analysts polled by FactSet. Net income rose 5 per cent to USD 3.3 billion for the quarter. Adjusted for one-time items, the Atlanta company earned 73 cents per share. That beat expectations of 72 cents. Shares rose 1.5 peer cent before the opening bell Tuesday.
Coca-Cola reported better-than-expected earnings in the first quarter and said the impact of tariffs on its business are likely to be manageable. Revenue fell 2 per cent to USD 11.1 billion in the January-March period, the company said on Tuesday. That was in line with Wall Street's expectations, according to analysts polled by FactSet. Net income rose 5 per cent to USD 3.3 billion for the quarter. Adjusted for one-time items, the Atlanta company earned 73 cents per share. That beat expectations of 72 cents. Shares rose 1.5 peer cent before the opening bell Tuesday.