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

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

Coca-Cola, the country’s top beverage maker, on Tuesday said its investment plans were on track despite Covid-19-led disruptions, which had affected business significantly in the April-June period. 

The lockdown in India had brought down the global major’s consolidated volumes for sparkling drinks by 12 per cent in the April-June period, with the Asia-Pacific region in particular seeing a sharp volume decline of 18 per cent.

T Krishnakumar, president and chief executive officer, Coca-Cola India & South West Asia, said the company had utilised half of its $1.7 billion (or Rs 11,000 crore) investment announced in 2017. While the $5 billion (or Rs