New Delhi: During the third quarter of this year, India became one of Coca-Cola Inc’s fastest-growing markets.
As a result, Coca-Cola Inc recorded a great growth number in Q3CY21 in the country.
“Coca-Cola India is emerging stronger on the strength of a solid comeback in ‘away-from-home channels with better mobility and a focus on affordability,” the entire beverage business stated in its quarterly results.
In addition, the quarterly results report said that India was the driving force behind the bottling investments group’s performance.
“Strong growth in India and South Africa was countered in part by pressure in Southeast Asia as a result of the epidemic,” the business stated. Maaza continued to enhance its leadership position in India, according to the results report.
“Maaza continues to show strong results (in all quarters of 2021),” it stated, “while brands like Coca-Cola and Thums Up expanded as a result of effective market activations.” Coca-Cola India was credited with boosting the Asia Pacific region’s unit case volume rise by 3% in the third quarter.
“This expansion was spearheaded by new and growing economies such as India and China, with pressure from the pandemic in Southeast Asia somewhat offsetting it. With their robust, consistent performance, both markets are setting the path for Coca-worldwide Cola’s expansion in 2021 “The firm stated.
On a worldwide scale, the results indicated that total sparkling soft drinks volume increased by 6%, putting the year ahead of schedule, thanks to solid success across all regional operating areas.
Furthermore, it stated that nutrition, juice, dairy, and plant-based beverages expanded by 12% as a result of Minute Maid Pulpy’s strong performance in China, Maaza’s in India, and Del Valle’s in Mexico.