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Coca-Cola witnessed robust growth in 2023; to re-invest significant chunk of capital investment
In the December quarter, developing and emerging markets grew by two percent, particularly driven by growth in India and Brazil. India stands as Coca-Cola’s fifth largest market.
Each bench is created from approx. 50 kgs of recycled plastic waste. These eco-friendly benches have been installed in schools, colleges, public parks, and municipal corporation offices across 10 cities in India, including Delhi, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad, Ahmedabad, Pune, Dharamshala, and Lucknow. (Representative Image: Soheb Zaidi via Unsplash)
Beverages major Coca-Cola will re-invest a significant chunk of its capital investment in order to build capacity in India. As highlighted in a post earnings management commentary on February 13, the company went on to mention that the business witnessed ‘robust growth’ in 2023, followed by growth in the Asia-Pacific region.
In the December quarter, developing and emerging markets grew by two percent, particularly driven by growth in India and Brazil. India stands as Coca-Cola’s fifth largest market.
For the whole of 2023, The Coca-Cola Company’s unit case volume growth was two percent. Developed markets grew by one percent, which was led by Mexico and Germany.
Large consumer goods companies like Nestle, Dabur, Coca-Cola, Mondelez, and Procter & Gamble have lined up big investments in the country, stated a media report. This move is in order to push more premium products despite an ongoing slowdown in demand witnessed for mass products.
Hindustan Coca-Cola Beverages, the bottling partner of Coca-Cola invested Rs 3000 crore in Gujarat to manufacture juices and aerated drinks.
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Bhargava contrasted India's situation with that of China — a communist country that successfully used car ownership to drive urban mobility and economic growth.