Coca-Cola Financial News

Coca-Cola Company on Tuesday reported a 2 per cent unit case volume growth in the second quarter of 2024 driven by growth in India, Brazil, and the Philippines. The company, which is leveraging packaging innovation in India by utilising an ultra-lightweight affordable bottle with an extended shelf life, said the package is now available in over half of the country's commercial beverage outlets and has added more than 400 million transactions in the first half of the year.

III Points Festival with a special headlining show, as per the reports of the New York Post.

Pepsi and Coca-Cola, a staple of countless Indian television advertisements over the decades, seems set to spill over into the Indian stock markets. Ravi Jaipuria, chairman of RJ Group, began his career as a vendor for Coca-Cola before switching allegiance to Pepsi in the 1990s. His group's flagship company, Varun Beverages, now stands as the largest bottler of PepsiCo's beverages globally, outside the US.

investing $300 million to acquire a majority stake in renewable energy (RE) firm Fourth Partner Energy, two people aware of the development said.

Coca-Cola Company is, on Sunday, shutting down its Bottling Investments Group (BIG), under which the US beverage maker operates its worldwide bottling operations, including in India.

Ampverse DMI, a leader in the gaming and entertainment sector, has appointed Sona Mazumdar as head of its new Marketing Solutions unit for the Indian gaming market. Mazumdar brings experience from collaborating with over 300 brands across Asia, including Porsche, Samsung, Riot Games, KFC, and Coca-Cola. Previously, she served as Chief Partnership Officer at Kidzania for eight years, playing a key role in partnerships and business scaling. With two decades in India’s entertainment sectors, Mazumdar is known for problem-solving, data analysis, and strategic execution, advising Board and C-level stakeholders. She facilitated the joint venture between DMI and Ampverse.

Tesla annual shareholder meeting with Elon Musk, the man at the centre literally stood out as much in his black t-shirt and four-pocket tan grey safari jacket as much for the bigger battle of perception he had just won. Musk Black has always been his favoured colour. It accentuates his Roaring Twenties ‘Armani black suit-iridium white shirt’ power chic, as well as casual t-shirt and sheepskin aviator flying jacket look. The two blacknesses are complementary, lying outside the frivolous binary of formal-informal other 21st businessmen seem to insist on flaunting. ‘Women think of all colours except the absence of colour. I have said that black has it all. White too. Their beauty is absolute. It is the perfect harmony,’ is how Coco Chanel saw the ying and yang of couture colours. To think that Musk, Texan and as un-Coco as Coca-Cola can get, is blind to such aesthetics is to make a cardinal error in both business chic and powerplay of taste.

Coca-Cola India has sounded out the promoters of at least four top Indian business houses — including the Bhartia family that owns the Jubilant Group running the Domino's pizza chain, and the Burmans of Dabur — to sell a significant minority stake in its wholly owned bottling subsidiary, Hindustan Coca-Cola Beverages (HCCB), executives aware of the developments said. The Parekh family of Pidilite Industries, makers of the iconic adhesive brand Fevicol, M-Seal and Dr Fixit, and the promoter family of Asian Paints have also been approached for a potential $800 million to $1 billion investment via their respective family offices. Some of those approached are also exploring if they would route the proposed investments through one of their group companies. Jubilant Foodworks, India's largest food services company, for example is already in the consumer business and has the exclusive franchise for Domino's Pizza and Dunkin' Donuts and Popeyes in India. The company also owns the Domino's franchise in five other markets across Asia and has acquired Coffy, a leading coffee retailer of Turkey.

Georgia’s state government is demolishing a building that once housed a Coca-Cola museum

At Darshan Super Market in Santacruz east, Mumbai, the steady stream of customers for PepsiCo India’s Sting energy drink is telling. In a span of half of an hour, at least 10 people, between 18 and 35 years of age, come asking for the drink. Darshan, the owner, doesn’t disappoint. His fridge is packed with the product.

CocaCola said demand from in-home and out-of-home consumption have skyrocketed in the east, north, and central India.Anticipating a surge, the companies kept inventory ready and are ensuring that the products are available for consumers across retail platforms, including e-commerce."With temperatures soaring across the country, consumers are looking for refreshing and hydrating beverages to beat the heat this summer," a PepsiCo India spokesperson said.The company, which has beverage brands such as 7UP, Nimbooz, Pepsi, Slice, Mountain Dew, Gatorade, and Sting, is ensuring availability of its products during the surge."Further, given the surge in demand, we are ensuring that our products are available across all retail and e-commerce platforms, catering to both in-home and out-of-home demand, making it easier for everyone to stay cool and refreshed during the hottest months of the year," he said.Coca-Cola India said as the summer season reaches its peak, the Indian beverage market has gained significant momentum.The maker of Coke, ThumsUP, Maaza, Sprite, and Minute Maid has been witnessing consistent growth in terms of sales."With a steady rise in demand, we expect to remain bullish in our sparkling, hydration and juice segments, refreshing consumers with our carefully curated beverages for life portfolio," said a Coca-Cola India spokesperson."With a surge in both, in-home and out-of-home consumption, our endeavour is to continue scaling the distribution through traditional as well as newer emerging channels.Havmor Ice Cream -- now part of South Korean confectionery company LOTTE Wellfood Co -- said it has increased production as the demand for the year has surpassed last year's."Last year, we witnessed one of the warmest

₹20 for a 250ml bottle, it is the country’s first affordable energy drink. It is also low on sugar—6.8gm to Sprite’s 9.5gm and Red Bull’s 11gm per 100ml of serving. However, its relatively high caffeine—72mg—acts as a stimulant and makes it edgy.

OMAHA, Nebraska — Warren Buffett said Saturday his designated successor Greg Abel will have the final say on Berkshire Hathaway's investing decisions when the Oracle of Omaha is no longer at the helm.

Stocks paused their gains amid a flurry of corporate news and earnings with traders adopting a cautious stance before the Federal Reserve’s policy decision on Wednesday.

Coca-Cola inked a $1.1 billion five-year partnership deal on April 23 with Microsoft to explore and integrate the tech company’s cloud and artificial intelligence (AI) solutions across the beverage giant’s global operations.

Shares of Ibotta, a Walmart-backed digital company that offers customers cash-back rewards and rebates on grocery brands ranging from Nestle to Coca-Cola, rose 17% in their Wall Street debut

ProcMart, an online business-to-business (B2B) marketplace specialising in supply chain solutions, has raised $30 million (about Rs 250 crore) in an equity funding round led by Infosys cofounder Nandan Nilekani’s venture fund Fundamentum Partnership and Edelweiss Discovery Fund. The round also saw participation from South Korea’s Paramark Ventures. The funds will be used for exploring strategic acquisitions for backward integration, enhancing client offerings, investing in talent acquisition and technology, and expanding presence in new markets within India and globally.

Mehrotra has over 35 years of experience in executive roles across sectors such as FMCG, telecom, and education.

International Zero Waste Day, Sachin Sharma, founder and director of Gem Enviro Management, speaks with KumKum Dasgupta about what India must do to combat the mounting plastic challenge and how his company is helping top businesses offset their plastic footprint. GEM provides a complete value chain of sustainability services to clients, including collection, recycling, awareness, and recycled merchandise. Tell us a little bit about GEM and clients. GEM was established in 2013-14 with the objective of collecting plastic waste and sending it to the proper recycling chain. GEM serves over 125 major Indian companies, including industry leaders like Coca-Cola, PepsiCo, Bisleri, Mamaearth, Himalaya, and Herbalife, offering waste management and extended producer responsibility (EPR) solutions.

₹12.5 lakh per 10 seconds on SD and ₹5.3 lakh in HD on Star Sports. For Jio Cinema, pre and post-match ceremonies will be ₹200 cost per mile or 1,000 impressions. On connected TV, a spot will cost ₹6.5 lakh.

PepsiCo Inc. has reached an agreement to become the exclusive provider of beverages at all Subway sandwich shops in the US, replacing rival Coca-Cola Co. as the drink supplier to one of the nation's largest chains. Subway announced the new 10-year pact to serve PepsiCo products such as Mountain Dew sodas, Tropicana juices and Gatorade sports drinks on Tuesday. 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.