Focus on pricier offerings rings in 14% net profit jump for Coca-Cola India

Coca-Cola India, owner of big brands like Thums Up, Sprite and Fanta, registered a 14 per cent rise in net profit during 2017-18, backed by its growing focus on pricier offerings. The firm’s bottom line expanded to a new high of Rs 5.54 billion, up from Rs 4.85 billion in 2016-17, documents with the Registrar of Companies show. The healthy growth comes after two years of lull, when net profit fell below 2014-15 level.

The firm’s operating revenue grew 8 per cent to another high of Rs 23.07 billion, year-on-year, from Rs 21.35 billion. Significant rise in tax expenses — thanks