India, china boost global sales of coke
But for India and China, it could have been a harsher winter for US cola giant Coca-Cola.delhi Updated: Feb 09, 2010 23:57 IST
But for India and China, it could have been a harsher winter for US cola giant Coca-Cola.
Strong growth in sales volumes in the two emerging Asian giants have helped offset weaker consumer demand in North America, helping the company post a healthy growth during the fourth quarter ending December 31, 2009.
Coca-Cola’s overall sales volume grew 20 per cent in India and 29 per cent in China, while overall global sales growth was 5 per cent. In North America its sales contracted by 1 per cent during the quarter.
“India gained volume and value share across most categories,” a statement said.
The sales volumes of Coca-Cola, which entered India in 1993, have grown for more than three years successively.
“We ended this year on a high note,” Muhtar Kent, Coca-Cola chairman and chief executive officer, said.