COCA COLA BEVERAGES
Coca-Cola uncaps board control of bottling operations
The Coca-Cola Company's move directly impacts India as Coca-Cola India's wholly-owned bottling company, Hindustan Coca-Cola Beverages (HCCB), was controlled by BIG.
Coke is still a challenger brand in India and that mindset helps: John Murphy, Global President, Coca-Cola
India is a top-five volume growth priority market for the Atlanta, US-based company. Coke still trails Thums Up cola and Sprite in India - both brands have crossed a billion dollars in annual sales in the local market.
Coca-Cola India launches ASSP with 100% rPET bottles; 66% less carbon emissions compared to non-ASSP virgin PET
Compared to the conventional virgin PET packaging, in the ASSP, emissions will be reduced by 36% because of the light-weighting of the PET material. The carbon footprints will be further reduced because of the shift from virgin PET to recycled PET in ASSP.
Coca-Cola offers a $1-billion swig to India Inc families
Coca-Cola India is seeking to sell a minority stake in its subsidiary, Hindustan Coca-Cola Beverages, following PepsiCo's model of outsourcing bottling operations to Varun Beverages Ltd.
Costa Coffee posts 49 pc rise in revenue to Rs 152 cr in FY24, adds 67 new stores
British coffee chain Costa Coffee reported a 49 per cent growth in revenue from operations to Rs 151.8 crore in India, Devyani International Ltd said in the annual report. Its gross profit stood at Rs 116.6 crore, up 45 per cent from the year-ago period, it said.
Cola, ice creams sell like hot cakes amid prolonged heat spell
Demand for hydrating products surges in India amid heat wave, with PepsiCo India, CocaCola, and Havmor Ice Cream witnessing increased demand in east, north, and central regions.
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A dozen consumer companies line up IPOs amid a thriving stock market
India's primary market anticipates a dozen consumer-facing companies to launch IPOs this year to capitalize on market potential. Companies like Coca-Cola's bottling partner HCCB, CG Foods, Allied Blenders & Distillers, Urban Tots, Cremica Food, Patel's R Mart, PNG Jewellers, Baazar Style Retail, Unicommerce eSolutions, One Mobikwik Systems, and Swiggy are among those planning IPOs.
Consumer firms plan IPO; startups on poll mandate
India's public market will see about a dozen consumer companies make a debut on the bourses. More on this in today's ETtech Top 5.
ET Road Safety & Safer Mobility Forum: Experts spotlight strategies for elevating employee well-being and operational efficiency in transportation
Global road fatalities dropped by 5%, but India saw a 15% rise. The ET Road Safety & Safer Mobility Forum discussed safety culture and technology's role in employee transportation. Leaders emphasized driver safety, tech integration, and collaborative efforts for a safer future.
Consumer companies on recovery path; FY25 India business looks bright
Global and Indian companies like Coca-Cola, Apple, and Reliance Retail anticipate a successful year ahead with strengthened demand post-March, despite global economic challenges. Robust growth forecasts are backed by increased consumer spending and a positive outlook for India's GDP.
Fizz on the Street: Coke bottler looks to uncork IPO plans
Coca-Cola's bottling operations in India are handled by HCCB and half a dozen franchisees that manufacture and distribute fizzy drinks Coke, Thums Up and Sprite, juices Minute Maid and Maaza, and Kinley water. Bottling is split evenly between HCCB and the franchisees.
Coca-Cola earns $290 mn from India by divesting its bottling operations in Jan-Mar
In the March quarter, the Coca-Cola Company earned USD 290 million from India by refranchising its bottling operations in three key markets. Hindustan Coca-Cola Beverages divested its company-owned bottling operations in Rajasthan, Bihar, Northeast, and parts of West Bengal to existing bottlers, resulting in net gains of USD 293 million. Despite a 2 percent decline in unit case volume in the Asia Pacific market zone, the company saw growth in the India market.
Cola, beverage, ice cream makers expect surge in sales as temp soars
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.
FSSAI tells ecommerce companies to stop using the term 'health drink or energy drink' for malt based drinks
The Food Safety and Standards Authority of India (FSSAI) has instructed all e-commerce companies to refrain from labeling dairy-based, cereal-based, or malt-based beverages as 'health drinks' or 'energy drinks'. FSSAI emphasized that these terms lack definition under Indian food laws, with 'energy drinks' specifically referring to certain flavored water beverages.
‘Train, empower, fund local bodies for better waste management’
On International Zero Waste Day, Sachin Sharma, the founder and director of Gem Enviro Management, shared insights on India's battle against the escalating plastic crisis. Sharma discussed the imperative steps India needs to take to tackle this challenge head-on. His company, Gem Enviro Management (GEM), plays a pivotal role in assisting leading businesses in mitigating their plastic footprint.
Coca-Cola's largest bottler SLMG appoints Costin Mandrea as CEO
Costin Mandrea appointed CEO of SLMG Group's Coca-Cola operations, leading transformation initiatives and enhancing market presence in Uttar Pradesh and Uttarakhand with a bottling franchise.
PepsiCo to replace Coca-Cola at subway's US locations
Coca-Cola brands like Sprite, Fanta and Diet Coke will begin to disappear from the sandwich chain beginning in January 2025, and will take several months to replace across Subway's network of franchisee-owned restaurants.
Envisioning a career in manufacturing? Check out this quick guide
The Indian manufacturing sector is witnessing significant growth and contributing substantially to the country's economic development. With various government initiatives in place, it's expected to create numerous job opportunities.
Hindustan Coca-Cola Beverages to invest Rs 350 cr in Madhya Pradesh
Hindustan Coca-Cola Beverages (HCCB) has announced a Rs 350 crore investment in Madhya Pradesh to set up two manufacturing lines at its Rajgarh plant. The investment will boost HCCB's manufacturing capabilities and contribute to the state's economy. The Madhya Pradesh government has assured support for HCCB in obtaining necessary permissions and approvals.
Coca-Cola brass to visit India this week with a 200-member team
Coca-Cola CEO James Quincey and a team of executives are visiting India to explore growth opportunities. They will meet government officials, bottling partners, and discuss concerns about taxation under the GST regime. India and Brazil led growth in developing and emerging markets. Coca-Cola India's consolidated profit increased 57% to Rs 722 crore in FY23, and revenue from operations climbed 45% to Rs 4,521 crore.
Coca-Cola to increase capacity in India after “robust growth”
“A significant portion of our expected capital investment increase is to build capacity for Fairlife (global dairy business) and for our India business, both of which experienced robust growth in 2023," Coca‑Cola’s president and chief financial officer John Murphy said in a fourth-quarter and full-year earnings call on Tuesday.
Coca-Cola India business witnesses robust growth in 2023
The company's net revenue for the December quarter grew 7% to USD 10.8 billion, and organic revenues (non-GAAP) grew 12%. For 2023, net revenues grew 6% to USD 45.8 billion.
Coca-Cola India business witnesses robust growth in 2023
In 2023, Coca-Cola's unit case volume grew 2 per cent, in which the developed markets grew 1 per cent, driven by growth in Mexico and Germany. "Developing and emerging markets grew 2 per cent, driven by growth in India and Brazil, partially offset by the suspension of business in Russia in 2022," the Atlanta-headquartered company said in its earnings statement.
Coca-Cola's bottling arm to transfer more operations to Indian partners
The northeast market and some areas of West Bengal will be owned and operated by Moon Beverages, which currently has franchise operations for Delhi and Uttar Pradesh. Sanjeev Agarwal, chairman of MMG Group and promoter of Moon Beverages, also operates McDonald's in northern and eastern India. The Rajasthan market will be owned and operated by Kandhari Global Beverages which comprises Enrich Agro Food Products and Kandhari Beverages.
Coca-Cola's bottling arm HCCB announces sell-off of select operations to franchisee bottlers
Coca-Cola's bottling arm HCCB announces refranchising of operations in select territories in India to three existing franchise bottlers, Moon Beverages, SLMG Beverages, and Kandhari Global Beverages. Hindustan Coca-Cola Beverages (HCCB), a subsidiary of Coca-Cola, is transferring bottling operations in three territories. The strategic business transfers aim to bring scale and contiguity to the business, accelerate the Coca-Cola system, and allow Coca-Cola to focus on brands and strategy.
Coca-Cola India bottling arm to invest Rs 3,000 crore in new Gujarat facility
The venture would take HCCB’s total employee base in the state to more than 1,500, the statement said. HCCB’s existing network in Gujarat includes 285 distributors and over 2.2 lakh retailers, it added.
Coca Cola plans Rs 3,000 crore investment in Gujarat's Sanand
The state govt has already allotted a 1.6 lakh square meter plot of land (SM-52) in Sanand Industrial Estate-II for the plant. Government sources have confirmed that the approval process has been expedited, showcasing the company's commitment to its investment in Gujarat.
Coca-Cola India enters ready-to-drink tea beverages segment
The organic green tea for the product will be sourced from Kolkata-based Luxmi Tea Co Private Ltd's Makaibari Tea Estate, company officials said.
Coca-Cola India bottling partner SLMG Beverages opens new facility in Amethi
SLMG Beverages, a bottling partner of Coca-Cola India, has inaugurated a new facility in Trishundi, Amethi, Uttar Pradesh, with an investment of approximately INR 700 crore. The plant has six production lines for beverages in sparkling, juices, and water categories with sustainable packaging solutions.
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