Beverages major Coca Cola Company today reported over 20% growth in sales in volume terms in India for the first quarter on the back of strong demand.
The company, which announced its global earnings for the first quarter, said its sparkling beverages grew by 19% during the quarter in India. The growth was led by brand Coca-Cola, which grew 27%, it added.
The worldwide volume growth for the first quarter was 5% and was well-balanced around the world, Coca Cola Co said in a statement.
In the key emerging markets such as India, China and Brazil the company saw growth of 20%, 9% and 4%, respectively.
On the other hand, in developed markets North America saw a growth of 2%, Japan and Germany witnessed growth 3% each.
In the first quarter, the company's net income stood at $2.05 billion, up 8% compared to $1.9 billion in the same period previous year. Net revenue stood at $11.14 billion as compared to $10.51 billion, up 6% from the same quarter last year.
Commenting on the company's performance Coca-Cola Co Chairman and Chief Executive Officer Muhtar Kent said despite a continued mixed global environment, the firm was able to achieve broad-based volume and value share gains in non-alcoholic ready to-drink beverages globally.