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.
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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.
