New Delhi: India has emerged as one of the fastest-growing markets for Coca-Cola Inc during the third quarter of the current year.
Accordingly, the country posted a strong growth number for Coca-Cola Inc in Q3CY21.
“Coca-Cola India is emerging stronger at the back of the strong recovery in ‘away-from-home channels with improved mobility and focus on affordability and omnichannel growth through B2B,” the total beverage company said in its quarterly results.
Besides, the quarterly results report, cited that India drove bottling investments group performance.
“Strong growth in India and South Africa partially offset by pressure in Southeast Asia. This was due to the impact of the pandemic.”
In spite of all this, amongst brands, the results report said that Maaza in India continued to strengthen its leadership position.
“Maaza continues to post solid performance consistently (in all quarters of 2021). This has all resulted in Brands like Coca-Cola and Thums Up also growing at the back of effective market activations.”
In fact, Coca-Cola India lifted Asia Pacific region’s unit case volume growth. This rose by 3 per cent in the quarter.
None the less, “This growth was led by developing and emerging markets like India and China, partially offset by pressure in Southeast Asia due to the impact of the pandemic.”
As can be well seen, “Both the markets are paving the way for the growth of Coca-Cola globally in 2021 with their solid, consistent performance.”
On the global level, the results showed that overall sparkling soft drinks grew 6 per cent resulting in volume ahead of 2019, driven by strong performance across all geographic operating segments.
In addition, it said that nutrition, juice, dairy and plant-based beverages’ grew 12 per cent due to solid performance by Minute Maid Pulpy in China, Maaza in India and Del Valle in Mexico.
