Coca Cola

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

PepsiCo, Coca-Cola eye budget soft drinks to compete with Reliance's Campa

PepsiCo and Coca-Cola plan to launch budget-friendly soft drinks, known as B-brands, to safeguard the premium status of their flagship products and preserve profit margins

Coca Cola flags slowdown in emerging markets, cites heavy monsoons in India

Company's global unit case volume declines 1% in Q3

Coca-Cola bets on rising soda demand to forecast surge in its revenue

Its average selling prices rose 10 per cent in the third quarter, while unit case volumes 1 per cent

Bhartias seeks Rs 12,500 cr funding to acquire Coca-Cola bottling stake

The Bhartia brothers are seeking to raise Rs 12,500 crore for a 40 per cent stake in Hindustan Coca-Cola Beverages, while talks are underway with asset managers and banks to secure the funding

Coca-Cola appoints Greishma Singh as market head for India Southwest Asia

Beverages major Coca-Cola on Friday said Greishma Singh has been appointed as the new market head for India Southwest Asia (INSWA) Operating Unit. Singh will succeed Arnab Roy, who was recently named the Global Category President, Coca-Cola Trademark. Her appointment will be effective September 1, 2024, according to a company statement. Before this, Singh was Vice-President of Customer and Commercial Leadership (C&CL) for the INSWA Operating Unit. She has been with The Coca-Cola Company for over 15 years and held roles of across marketing, strategy and C&CL in Australia and India markets, it added. Singh, an alumnus of the Indian School of Business, Hyderabad and Colorado College, will continue to be based in India in her new role.

Infosys could earn over $100 mn from Coca-Cola's cloud deal with Microsoft

IT service providers like Infosys can capture around 15% to 20% of cloud migration deals

With double-digit volume growth in Q2, Coca-Cola bullish on India

The company's consolidated unit case volume grew 2 per cent

Coca Cola proposes $1 billion deal to top four Indian business families

Coca-Cola India has approached four of the top Indian business families, seeking an investment of up to $1 billion as it eyes further expansion in the country

Global beverage major Coca-Cola bullish on India; sees strong year ahead

The Atlanta-based fizzy drink major said that unit case volumes for the entire quarter grew 1 per cent

Bottler Coca Cola HBC beats revenue estimate for Q1 on strong demand

Price increases are expected to moderate relative to last year because inflation levels are lower, Bogdanovic said