Coca-Cola India's volume growth is in sharp contrast to its growth worldwide. Worldwide, the beverage giant registered a volume growth of just five per cent in the reported quarter.
Coca-Cola India said on Thursday that its operations have been expanded to cover three new countries -- Nepal, Bangladesh and Sri Lanka besides India, Bhutan and the Maldives it already services.
Singh, who is now the company's president for the east, central and south China division, steps into the shoes of Sanjiv Gupta.
India is trying to push a national goods and services tax (GST) through parliament that would replace a myriad of state sales taxes and shake-up government revenue.
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.
Mondelez, Coca-Cola, PepsiCo and Nestle India have been working on bringing down the sugar, salt, and sodium content.
The company is in talks with young star Ranveer Singh to replace Salman
While Coca-Cola India improved its profit margin during the year, arch rival PepsiCo's margin was far lower. Coca-Cola India, which does not manufacture or market any products, gets majority of its revenue from royalty incomes against ownership of formulations for key products. Over the years, PepsiCo's operating revenue has come down significantly, as it kept divesting bottling plants to its franchise partners.
The seeds of a potential turnaround were sown in 2016, when the firm began to revamp its portfolio to match changing consumer needs.
Ringing in changes at key senior positions, Coca Cola India is in the process of repatriating Indians from overseas postings, including China, Sri Lanka, Denmark and Atlanta.
As Ayodhya readies itself for the glittering, much-awaited consecration ceremony of the Ram Mandir on January 22, and as millions of pilgrims and devotees pour into the holy city for the momentous event, companies are rushing to do their bit and be a part of the mega celebrations. Some are offering a part of their profits as donations, telcos are beefing up the number of cellular towers to ensure better connectivity, and there are those distributing jalebis and food platters.
Coca-Cola will, apart from the coming World Cup in England and Wales, feature as the exclusive non-alcoholic beverage partner at all major ICC events -- men's and women's T20 World Cups in Australia in 2020, ICC Women's World Cup 2021 in New Zealand... Also, the World Cup 2023, to be hosted by India.
Coca Cola will set up a trust fund of $10 mn for CSR activities. It was recently awarded the Golden Peacock Global Award for Corporate Social Responsibility - 2008.
Having bucked the slump, Coca-Cola India's growth continues to be robust. Atul Singh, CEO & president of the company, is betting big on the country's potential to emerge as its top five markets in the world.
Maaza is the country's top mango juice drink despite competition from brands such as Frooti and Tropicana Slice growing in the past few years.
Coca-Cola India on Wednesday said it has reduced the overall costs by up to 40 per cent per case over the last three years and that the launch of smaller five-rupee pack has reaped rich dividends in terms of sales.
Coca-Cola India has kicked-off its summer campaign in style, lining up a slew of advertising campaigns and bringing back actor Aamir Khan in a new TV commercial.
Coca-Cola India on Wednesday launched Vanilla Coke in India. The company said that the new drink offers the 'same true taste of Coca-Cola with a hint of vanilla flavour.'
Two years after slashing prices to push volumes, Coca-Cola India on Wednesday increased prices on 200 ml and 300 ml bottles by Re 1.
After Sanju's success, Ranbir has been charging Rs 6 crore to Rs 8 crore per brand per year.
Kini, is set to return to the United States in June, and will launch his venture in the environment space.
Despite slowdown, corporates are investing heavily in advertisements not just in Kolkata but also in other metros.
Coke Studio Bharat needs to succeed -- because of its music, nothing else, asserts Sandeep Goyal.
Currently, Kini is vice-president (marketing) for Coca-Cola's global juice business.
Beverages giant Coca-Cola will cut jobs in India as part of its "redesigning operating model" globally to accelerate business growth across markets.
The gorgeous actress has signed a two-year contract.
In automobiles or retail, engineering or even the regulated insurance sector, the traction for foreign investors seems to be rising.
The firm has set its eyes on emerging categories such as juices and plans to develop a stronger total portfolio, participating across multiple categories.
Both PepsiCo's 'Youngistaan' brand ambassadors -- Virender Sehwag, captain of Delhi Daredevils, and Ishant Sharma, member of Kolkata Knight Riders -- have been formally present at various promotional activities for arch-rival Coca-Cola India, simply because Coca-Cola is the associate sponsor and the official pouring partner for both Delhi Daredevils and Kolkata Knight Riders.
"India is strategic market. We had announced an investment plan of $250 million, to be invested over the three years. Those plans are intact," Coca Cola India president and CEO Atul Singh told reporters. The company would continue to invest on infrastructure and bottling line as required, he added.
Coca-Cola India's volume growth in the second quarter slowed partly because of an increase in prices and also due to a mild summer.
That's a real big deal for this store-owner in a small village off Agra which goes without power for several days at a stretch.
Krishnakumar would be taking over from Bill Schultz who has been shifted to the Philippines to head the company's operations there, Coca Cola India said. Krishnakumar would report to Steve Buffington, regional director (Bottling Investments Group) of The Coca-Cola Company.
Thums Up moves away from its individualistic, masculine positioning to be the flag bearer of daredevilry, a la Mountain Dew.
To have a bigger slice of the estimated Rs 2,698-crore market growing at 25 per cent, Coca-Cola India has unveiled the summer campaign for its mango drink, Maaza.
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