Page 3 - Coca Cola

Coca-Cola to sell North Gujarat bottling plant to Kandhari for Rs 2,000 cr

Beverage major Coca-Cola is selling its bottling plant in the North Gujarat region to Kandhari Global Beverages. Though the company has not shared financial details, industry insiders have pegged the deal to be around Rs 2,000 crore, where Coca-Cola will transfer business from HCCBL, its bottling arm in India, to its bottling partner Kandhari Global Beverages. The Atlanta-headquartered beverage major is divesting assets globally by franchising regional operations to local partners as part of its asset-light business model. "We have reached an agreement to transfer the North Gujarat bottling operations currently being operated by Hindustan Coca-Cola Beverages Pvt Ltd (HCCBL). Subject to regulatory approvals, the North Gujarat business will be owned and operated by Kandhari Global Beverages Private Ltd," said an HCCBL spokesperson. This transfer will ensure that the right level of investments can be undertaken in all parts of the business while bringing scale and contiguity to the ..

Thums Up, Sprite likely to uncork Coca-Cola's $2 billion brand bottle

Coca-Cola's Thums Up was the first brand from the company's stable to become a billion-dollar brand in 2021, followed closely by Sprite in 2022. Maaza crossed the billion-dollar mark in 2024

Thums Up, Sprite likely to uncork Coca-Cola's $2 billion brand bottle

Coca-Cola's Thums Up was the first brand from the company's stable to become a billion-dollar brand in 2021, followed closely by Sprite in 2022. Maaza crossed the billion-dollar mark in 2024

Anti-US sentiment in West Bank boosts demand for alternative 'Chat Cola'

Order a Coke to wash down some hummus in the Israeli-occupied West Bank these days and chances are the waiter will shake his head disapprovingly or worse, mutter shame, shame in Arabic before suggesting the popular local alternative: a can of Chat Cola. Chat Cola its red tin and sweeping white script bearing remarkable resemblance to the iconic American soft drink's logo has seen its products explode in popularity across the occupied West Bank in the past year as Palestinian consumers, angry at America's steadfast support for Israel in its war against Hamas in Gaza, protest with their pocketbooks. No one wants to be caught drinking Coke, said Mad Asaad, 21, a worker at the bakery-cafe chain Croissant House in the West Bank city of Ramallah, which stopped selling Coke after the war erupted. Everyone drinks Chat now. It's sending a message. Since Hamas' October 7, 2023, attack triggered Israel's devastating military campaign in the Gaza Strip, the Palestinian-led boycott movement

Campa Cola replaces Thums Up to co-present IPL 2025, spends Rs 200 crore

Media buying executives estimate that IPL 2025's combined ad revenue from TV and OTT platforms will rise by 8-10 per cent over last year to reach around Rs 4,500 crore

Jubilant likely to raise Rs 5,500 cr via bonds for Coke bottling biz deal

Banking sources said the group is exploring the prospect of issuing debentures

Bubbling with potential: John Murphy's plan to scale Coca-Cola in India

He further said that the company has to stay on its toes, adapt, and ensure it is investing in capabilities needed to win

Coca-Cola recalls some soft drinks in Europe over safety concerns

Coca-Cola has recalled some of its soft drinks in Europe after higher-than-normal levels of a chemical called chlorate were detected in bottles and cans at a production plant in Belgium. Batches of Coca Cola, Fanta, Sprite, Minute Maid and Fuze Tea were among the products recalled in Belgium, Luxembourg and the Netherlands, the company said on Tuesday. The recall concerns drinks with production codes 328 GE to 338 GE. We are also in contact with authorities in a very small number of European markets France, Germany and Great Britain where a very limited quantity of stock was also shipped, the company said. No produce was recalled in those countries. Health authorities in Denmark, Portugal and Romania were notified by the European Union's rapid alert system to investigate whether shop shelves or vending machines had been stocked with potentially contaminated soft drinks. It designated the risk as serious. Chlorate comes from chlorine disinfectants which are used in the treatment o

Jubilant FoodWorks rises 2%, hits 52-wk high on inking pact with Coca-Cola

The northward move in the Jubilant FoodWorks share came after the company said that it has signed a pact with Coca Cola India to purchase its portfolio of sparkling beverage products

Jubilant FoodWorks inks pact to buy Coca-Cola India products from April

As per the MoU, a master agreement will be executed between the parties, effective from April 1

Moon Beverages takes over Jharkhand Coca-Cola operations from HCCB

Hindustan Coca-Cola Beverages transfers operations as part of asset-light strategy; Moon Beverages handles Coca-Cola operations in several key regions

Jubilant Bhartia Group to acquire 40% stake in Coca-Cola's bottler HCCB

Reports peg the deal at around Rs 12,500 crore

After QSR, Bhartias and Jaipurias to battle it out in soft drink space

The Bhartias and the Jaipurias are already competing in the quick-service restaurant (QSR) space as both have known global brands in their portfolios

Ploughing through ad turf: TAFE, AGCO turn advertising soil for Massey

Tractor rivals resort to media campaigns to stamp their claim on the iconic brand

How Warren Buffett's $25 bn Coca-Cola bet earns him $776 mn in dividends

Warren Buffett's Berkshire Hathaway is set to receive $776 million in dividends from Coca-Cola in 2024, thanks to a raised quarterly payout, marking a 30-year investment

Bhartia family, Goldman Sachs in talks for 40% stake in Coca-Cola Beverages

The Bhartia family and Goldman Sachs aim to co-invest in a 40 per cent stake in Hindustan Coca-Cola Beverages, backing an SPV with around Rs 3,000-Rs 3,500 crore in funding

Coca-Cola India FY24 results: PAT falls 42% to Rs 420 cr; revenue rises 4%

Beverages major Coca-Cola India's consolidated profit fell 41.82 per cent to Rs 420.29 crore in FY24 while its revenue rose 4.24 per cent to Rs 4,713.38 crore, according to the company's filing to RoC (Registrar of Companies). Its total income, which also includes other income, was up 4.19 per cent to Rs 4,801.84 crore during the fiscal ended March 2024, according to financial data accessed through business intelligence platform Tofler. In FY23, Coca-Cola India Pvt Ltd, an unlisted entity, had reported a net profit of Rs 722.44 crore and revenue from operations at Rs 4,521.31 crore. Its expenses on advertising and sales promotion were up 35.47 per cent to Rs 1,520.21 crore during the financial year under review. This was at Rs 1,122.11 crore a year ago. Moreover, royalties paid to its US-based parent The Coca-Cola Company also went up 4.68 per cent to Rs 507.51 crore. The total tax expense of Coca-Cola India in FY24 was down 35.34 per cent to Rs 171.42 crore. This was at Rs 265.14

After cola play, Reliance Consumer takes trade margin fight to snacks

Reliance Consumer announced its entry into the fast-moving consumer market in 2022

LA County sues Pepsi, Coca-Cola over pollution caused by plastic bottles

Los Angeles County is taking on Pepsi and Coke for their role in plastic pollution. In a lawsuit filed Wednesday, the county alleged PepsiCo and Coca-Cola companies have misled the public about the recyclability of their plastic bottles and downplayed the negative environmental and health impacts of plastic disposal. "Coke and Pepsi need to stop the deception and take responsibility for the plastic pollution problems your products are causing," LA County supervisor Lindsey Horvath said in a statement. "Los Angeles County will continue to address the serious environmental impacts caused by companies engaging in misleading and unfair business practices." Coca-Cola owns brands like Dasani, Fanta, Sprite, Vitamin Water, and Smartwater, while PepsiCo owns Gatorade, Aquafina, Mountain Dew, and more. The two companies have been ranked as the world's top plastic polluters for five consecutive years, and Coca-Cola has taken the number one spot for six years, according to global environmental

Coca-Cola may cut prices to face competition from Reliance's Campa Cola

Coca-Cola's price cut comes amid rival Campa Cola's aggressive expansion and lower pricing. The Reliance-backed brand's price strategy has pushed rival brands to adjust their strategies