Coca Cola India Witnesses Best Ever Quarter

The report demonstrate resilience in the marketplace amidst ongoing global challenges

The Coca-Cola Company has reported second quarter 2022 results that demonstrate resilience in the marketplace amidst ongoing global challenges. 

“Our results this quarter reflect the agility of our business, the strength of our streamlined portfolio of brands, and the actions we’ve taken to execute for growth in the face of challenges in the operating and macroeconomic environment,” says James Quincey, Chairman and CEO, The Coca-Cola Company. “We are staying true to our purpose, executing on our strategy and delivering value for our stakeholders.” 

  • ‘India witnessed best ever quarter’ volumetrically, delivering 1 billion incremental transactions in the quarter led by portable single-use packs, we gained shares in sparkling, soft drinks, and juices. The company continues to invest in marketplace availability and execution to capture growth.

  • Unit case volume grew 8%, with broad-based growth across all operating segments. Volume performance was driven by continued recovery in away-from-home channels and ongoing investments in the marketplace. Developed markets, as well as developing and emerging markets, grew high single digits. Growth in developed markets was led by Mexico, Western Europe and the United States, while growth in developing and emerging markets was led by India and Brazil.

  • Sparkling soft drinks grew 8%, driven by growth across all geographic operating segments, primarily led by India, Mexico and Brazil. Trademark Coca-Cola grew 7%, driven by growth across all geographic operating segments and operating units. Coca-Cola® Zero Sugar grew 12%, driven by double-digit growth across developed, developing and emerging markets. Sparkling flavors grew 11%, led by Asia Pacific and Europe, Middle East and Africa.

  • Nutrition, juice, dairy and plant-based beverages grew 6%, led by Maaza® in India, Del Valle® in Latin America and fairlife® in the United States.

  • Unit case volume grew 11%, driven by strong growth in India and the Philippines, partially offset by pressure in China due to reduced consumer mobility resulting from a resurgence in COVID-19 cases. Growth was led by sparkling soft drinks and juice and juice drinks.

  • Bottling investments: Unit case volume grew 26%, driven by growth in all markets, led by India and the Philippines. Bottling investment showcased strong and robust growth through the focus on affordable entry packs and relaunching reusable glass bottles in India.

Tags assigned to this article: