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Current Position:Home » News » Beverages & Alcohol » Beverages » Topic

Sparkling Indian performance for Coke in Q2 2012

Zoom in font  Zoom out font Published: 2012-07-18  Origin: beveragedaily  Authour: Ben Bouckley  Views: 66
Core Tip: Strong Coca-Cola brand performance in India – which saw overall growth of 35% – underpinned three per cent growth in the year to date for the Coca-Cola Company in its core sparkling beverages category.
Announcing its Q2 and H1 results today, Atlanta-based Coke said it grew global beverage volumes 4% in Q2 2012 (5% in the year to date), while Q2 net revenues grew 3%.


The firm noted volume growth in key emerging markets such as India (20%), Russia (9%), China (7%) and Brazil (6%), but said volume performance remained soft in European regions.

Central and Southern Europe and Northwest Europe and Nordics both suffered 5% declines in the quarter, due to the ongoing recession and unfavourable weather.

Beyond India, Russian Coke brand volumes were up 23%, the Philippines 7%, while in Brazil (4%), Germany (3%) and Mexico (1%) volumes also grew.

Worldwide still beverage volumes rose 9% in Q2 and in 2012 to date, with Coke claiming volume and value gains across all the still beverage categories in which it competes.

RTD teas grew 13% by volume in the quarter, packaged water grew 10% and energy drinks 21%.

Muhtar Kent, chairman and CEO, said: "We are pleased with our second quarter and year-to-date results. We are delivering consistent quality performance in line with our 2020 Vision growth targets, despite a very challenging and increasingly unpredictable global economy.”

He added: “Notably, we continue to gain global volume and value share by giving our consumers what they are looking for: meaningful brand connections, wide-ranging product and package choices, greater information about our brands, and significant investments in programs that support healthy and active lifestyles, all at the heart of our brand values.”

 
 
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