Page 2 - Coca-cola

Coca Cola gears up for IPO of $8 billion African bottling arm, says report

It may seek a valuation of more than $8 billion for the business, the report said, adding that the deliberations were at an early stage and the offering details could change

Cola, beverage, ice cream makers expect surge in sales as temperature soars

With a gradual rise in temperature and the start of heatwave, FMCG and dairy firms selling cola-based fizz drinks, juices, mineral water, ice creams and milk-based beverages expect a spike in sales and have ramped up their production and stocks to meet the anticipated consumer demand. The makers are launching new products keeping in mind the evolving consumer preferences and also investing substantially on promotions and expansion of the channels this season, company executives of beverage and ice cream makers said. Beverages major PepsiCo said summer months are naturally the most favourable season for its category and it is "optimistic" that its portfolio of brands will continue to delight consumers during the period. The company which owns brands as -- Pepsi, 7up, Mirinda, Mountain Dew, Slice, Gatorade & Tropicana, has launched campaigns taking on board leading stars such as Ranbir Kapoor, Rashmika Mandanna, Hrithik Roshan, Mahesh Babu, Kiara Adani and Nayanthara to woo ...

Hindustan Coca Cola Beverages announces Rs 350 cr investment in MP

Expansion in Rajgarh elevates total investment in state to Rs 660 cr

Hindustan Coca-Cola Beverages to invest Rs 350 crore in Rajgarh plant

Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola in India, has announced a Rs 350 crore investment in Madhya Pradesh for setting up two manufacturing lines at its Rajgarh plant. The announcement, made during the Regional Industry Conclave in Ujjain, takes HCCB's total investment in the state to more than Rs 660 crore, according to a statement. "The fresh infusion of capital will see the introduction of 2 new, state-of-the-art manufacturing lines at HCCB's factory in Rajgarh, that will produce Affordable Small Sparkling Packs (ASSP) and Juice Tetra Packs," the statement said. The expansion will not only boost HCCB's manufacturing capabilities but also significantly contribute to the state's economy, it added. The Madhya Pradesh government has assured support to facilitate HCCB in obtaining all necessary permissions, approvals and clearances in a time-bound manner. HCCB has already invested over Rs 311 crore in Madhya Pradesh since 2000 in its Rajgarh plant. The

Coca-Cola results: Revenue rises 7% to $10.8 billion, beats forecasts

Coca-Cola reported higher-than-expected revenue in the fourth quarter as growth in Mexico, Germany and other markets offset lower demand in the US. Revenue rose 7 per cent to USD 10.8 billion for the October-December period, the Atlanta beverage giant said Tuesday. That topped Wall Street's forecast of USD 10.7 billion, according to analysts polled by FactSet. Revenue growth will likely moderate this year, Coke said. The company expects full-year organic revenue will grow 6 per cent to 7 per cent this year, down from last year's 12 per cent growth. Coke's revenue got a 10 per cent boost from higher prices last year, but those price increases are expected to moderate along with inflation. Unit case volumes rose 2 per cent in the quarter, led by sparkling soft drinks, juices and Coca-Cola Zero Sugar. Sports drinks, coffee and tea all saw lower demand. In North America, unit case volumes declined 1 per cent as growing sales of juice, dairy and Coca-Cola were offset by falling demand f

PepsiCo veteran of 32 years defects to Wendy's as chief executive officer

North America beverages made up more than 30 per cent of PepsiCo's revenue in the most recent quarter, making it the biggest division by that measure

Coca-Cola renews its partnership with ICC for another eight years

The agreement includes partnership for all men's and women's events which include the ICC Cricket World Cups, ICC T20 World Cups, and ICC Champions Trophies through the end of 2031

FMCG giants embrace real-time data exchange for quick commerce channels

FMCGs including Nestle, ITC, Parle Products, LT Foods, and Coca-Cola, are leveraging real-time data exchange and demand forecasting to prevent stock-outs on quick-commerce platforms

Coca-Cola conducting pilot test of its alcohol-based beverage, Lemon-Dou

For the test run, the beverage has been priced at Rs 230 for a 250 ml can and is being sold in Goa and some parts of Maharashtra

Coca-Cola set to invest Rs 3,000 crore to install new plant in Sanand

Once the plant begins operations, it will have a workforce of about 400 persons in operational and engineering roles

Coca-Cola sees double-digit volume growth in India in third quarter

The global cola giant reported an 8 per cent year-on-year jump in net revenue to $12 million

SLMG Beverages introduces 100% recycled PET bottles for Coca-Cola

SLMG Beverages, a flagship company of Ladhani Group and a franchise bottler for Coca-Cola in India, on Wednesday introduced 100 per cent recycled PET bottles for the iconic cola brand. The strategic leap not only reflects SLMG's dedication to environmental stewardship but also signifies a pivotal moment in the beverage industry's landscape in India, the company said in a statement. "By significantly limiting its consumption of virgin PET, SLMG Beverages is reducing its carbon footprint, seamlessly aligning with the Indian government's ambitious target of 25 per cent recycled resin by April 2025 PET," it said. The company said it supplies 90 per cent of Coca-Cola bottles in Uttar Pradesh, 100 per cent in Uttarakhand and has presence in Bihar and Madhya Pradesh as well. In Uttar Pradesh it has seven plants with a production capacity of 41 crore bottles a day. It caters to more than 300 million people through its 1.5 million outlets, and a network of more than 1,500 distributors, ...

Coca-Cola India's brand marketing spends to be highest-ever in H2

After 'challenging summer', Coca-Cola India expects strong demand in H2

Coca-Cola India's spending on brands expected to be highest in H2: Official

Beverage major Coca-Cola is going to have its highest-ever spending on brands in the second half of 2023 in India, when the ICC Men's Cricket World Cup is coinciding with the festive season, which is expected to boost the consumption, a top company official said on Friday. Though the company has not shared the quantum of spending but said it is a "big part of overall investment" that they are going to make during the ICC World Cup, which provides "a very big platform" for their business expansion, Coca-Cola India and South-West Asia Vice President, Marketing Arnab Roy, said. Coca-Cola, which had a "challenging summer" this year due to unseasonal rains, expects people will spend money across categories during the festive season despite challenging macro conditions, and affordable packages would do well. When asked if Coca-Cola can make up for a slower second quarter, Roy said: "Probably based on the trends we are seeing both in Q3 and the beginning of Q4, we feel very positive and ..

Coca-Cola India introduces 100% recycled PET bottles for carbonated drink

Beverages major Coca-Cola on Wednesday said it has introduced 100 per cent recycled PET bottles for its carbonated beverage supporting the circular economy. The company has introduced recycled PET (polyethylene terephthalate) bottles in pack sizes of 250 ml and 750 ml across several markets in India, said a statement from Coca-Cola India. These rPET bottles are being manufactured by Coca-Cola bottling partners - Moon Beverages and SLMG Beverages Ltd, it added. "The bottles made from 100 per cent food-grade rPET (excluding caps and labels) have an on-pack call to action "Recycle Me Again" message and will also drive consumer awareness with "100% recycled PET bottle" displayed on the pack," it said. These rPET bottles are crafted from food-grade recycled polyethylene terephthalate. The plastic is recycled as per the technologies approved by the USFDA and European Food Safety Authority (EFSA) for food-grade recycled material and repurposed into new PET bottles, reducing the need for .

Burger King likely to sign deal with Coca-Cola; may end tie-up with Pepsi

Executives said that the deal will be formalised and announced by the end of next quarter

Coca Cola to be official beverage partner for upcoming ICC World Cup

Beverages major Coca-Cola on Friday said it will be the exclusive non-alcoholic beverage partner of the ICC for the upcoming Cricket World Cup. Coca-Cola and The International Cricket Council (ICC) once again teamed up for the upcoming 2023 ICC Men's Cricket World Cup, said a joint statement. "The partnership entails Coca-Cola becoming the exclusive non-alcoholic beverage partner of the ICC," it added. Coca-Cola will use its global reach to connect with fans around the world and inculcate true sportsmanship through a series of online and offline activations. Coca-Cola India Vice President, Marketing, Arnab Roy Said: "We believe that the ICC Cricket World Cup is the biggest cricket event for the country. Partnership with the ICC provides us with a great opportunity to bring together our customers, consumers, brands and cricket". The beverage major plans brand activations with its portfolio, including fan engagements, social media campaigns and promotions to win tickets to the World

Coca-Cola registers Q1 volume growth in India despite 'challenging' summer

Soft drinks major The Coca-Cola Company on Thursday said it has registered growth in the beverage market in India despite having a challenging summer with rains, its Chairman and CEO James Quincey said. In the June quarter, China was affected due to specific local conditions and recovery was slowed in the second quarter. Consumer confidence is below the pre-pandemic level, he added. "In India, business was unfairly impacted because of unseasonal rain and cooler temperature of the quarter. However, the growth remained intact," Quincey said in an earnings call. Inflation is still elevated in some markets and impacting consumers in several geographies, making the consumer to be value-conscious. In some markets, it has started to moderate. "Five of our top 40 markets are currently experiencing over 20 per cent annual inflation," he said. In the June quarter, the company witnessed a growth in the unit case volume in developing and emerging markets like India and Brazil, said an earning

Unfavourable rains impacts Coca Cola's business, growth outlook intact

It also gained value share in total NARTD (non-alcoholic ready-to-drink) beverages led by share gains in South Korea, India, Australia and Thailand

Unseasonal rains made this summer challenging, says Coca-Cola India

Unseasonal rains have made this summer a challenging one for beverages major Coca-Cola India although sales became better as the season progressed, according to Vice President Sundeep Bajoria. The company also believes that consumers will not jump the gun on the issue of the artificial sweetener aspartame, which according to reports may be declared "possibly carcinogenic to humans". The current summer season was "challenging" due to weather changes and drop in temperature. However, the company's performance in the summer season was better when it exited than it entered, said. "It was one of the challenging summer seasons, but we ended better from where we started off," he said on the sidelines of an event organised hereby the Indian Beverage Association. There is no way out of such sudden change in the weather conditions and the country has seen summer rains after every few years, he said, adding the beverage players have to make sure that they are better connected with the ...