Coca-Cola India's bottling arm's profit more than doubles in FY23

livemint.com:

₹809.43 crore from ₹375.43 crore in the year-ago period, according to the company’s financial data accessed by business intelligence platform, Tofler. Revenue from operations surged 40% in FY23 to touch ₹12,840.2 crore, up from ₹9,147.74 crore reported in the year ago period as the company witnessed greater demand for its beverages post-covid. "Hindustan Coca-Cola Beverages Private Limited, which manufactures, packages, sells, and distributes beverages in India, reported its revenues for the financial year 2022-23 as Rs12,840 crore, a 40 % jump since the last financial year.

The company further reported a net profit of ₹809 crore during the same fiscal. This is a 116 % increase from the last financial year. The company’s total expenses for the fiscal were reported as ₹11,800 crore," Tofler said in a note citing data from the company’s 26th financial results for the year ended March 31, 2023.

In India, Coca-Cola works with various bottling partners that manufacture and distribute beverages for the company. Hindustan Coca-Cola Beverages (HCCB) is among the largest bottling manufacturers in the country with 16 factories; Additionally, it maintains eight contract parking facilities, 20 lakh sq ft of warehousing. It manufactures and sells 60 different products across seven categories such as Coca-Cola, Thums Up, Sprite, Minute Maid, Maaza, SmartWater, Kinley, Limca, Fanta in 22 states and serves 25 lakh retailers.