The Coca-Cola Company has registered a two per cent growth in its unit case volume in the March quarter, led by India, China and Brazil
Despite the net revenues marking a two per cent decline due to currency headwinds, the American beverage giant The Coca-Cola Company has registered a two per cent growth in its unit case volume in the March quarter, led by India, China and Brazil.
The first quarter 2025 results of the company revealed that the impact of refranchising bottling operations caused a decline of two per cent in net revenues to USD 11.1 billion. The company’s organic revenues (non-GAAP) grew six per cent and the operating income grew 71 per cent.
In its India highlights, the company shared that the trademark Coca-Cola and Thums Up, a regional brand, are fuelling consumers and contributed to double-digit volume growth for the market in the first quarter. During the Maha Kumbh mela festival, the system intensified an integrated activation consisting of hundreds of refreshment zones, approximately 1,400 mobile stations and a world-record-long 100 cooler-door wall, which led to over 180 million servings consumed during the gathering.
“Our performance this quarter once again demonstrates the effectiveness of our all-weather strategy. Despite some pressure in key developed markets, the power of our global footprint allowed us to successfully navigate a complex external environment. By remaining true to our purpose and staying close to the consumer, we are confident in our ability to create enduring long-term value,” said James Quincey, Chairman and Chief Executive Officer (CEO) of The Coca-Cola Company.
During the three months ended 29 March 2024, the company recorded net gains of USD 599 million and USD 293 million related to the refranchising of its bottling operations in the Philippines and in certain territories in India, respectively. In January, February and December 2024, the company refranchised its bottling operations in certain territories in India.
The company also incurred USD seven million of transaction costs related to the refranchising of our bottling operations in certain territories in India. Driven by growth across all global beverage categories, the company’s unit case volume grew six per cent in Asia Pacific. The company gained a value share in total non-alcoholic ready-to-drink (NARTD) beverages during the quarter.
