Key Points
The Coca-Cola Company, one of worlds leading beverages maker, today said that it has gained US$ 293 million (Nearly Rs 2,420 crore) from the refranchising exercise that it undertook in India earlier in the year..
The company that sells some of the popular fuzzy drinks like Coca-Cola, Fanta and Sprite, refranchised some of its territories in the country to third party bottlers...
During the three months ended March 29, 2024, the company recorded net gains of [US] $599 million and [US] $293 million related to the refranchising of our bottling operations in the Philippines and in certain territories in India, respectively, the company said in its post-earnings statement..
The company bottles its drinks in India through its in-house bottling arm Hindustan Coca-Cola Beverages (HCCB) and third party bottlers..
During January-March quarter, The Coca-Cola Company reported growth in unit case volume in the India market that is currently the fifth largest market for the beverages giant..
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