Coca-Cola India hopes to break even during the current fiscal, according to its vice-president, operations, Sanjiv Gupta.
Gupta said the company's turnover was around Rs 3,500 crore "which is next only to that of Hindustan Lever Ltd and ITC Ltd in the FMCG segment." The company has been registering, on an average, 15 per cent annual growth.
The executive did not quantify the accumulated loss. But Coca-Cola's parent company at Atlanta in US had written off a substantial portion of the loss last year.
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Gupta said the Company has 30 bottling plants in the country and would emerge as a major FMCG player in two to three years. Its investments in India, since Coca-Cola started operations in the country in 1993, exceed $ 700 million.
Gupta, however, refused to spell out the investment plans for the coming years, maintaining that this would depend upon several factors. "But our expansion will continue," he said adding that in the next three months, they proposed to put up three more bottling plants, all for Kinley drinking water, in Andhra Pradesh alone.