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American beverage maker Coca-Cola Co. witnessed that its growth in India and China outpaced more developed markets, including Japan and Australia, during the quarter ended 31 March 2018.
During the quarter, Coca-Cola posted a 5 per cent growth in unit-case volume in the Asia pacific region. This, according to the company’s global result statement, was driven by strong performance in China and India, partially offset by a low single-digit decline in Southeast Asia.
Globally, Coca-Cola reported a 16 per cent decline in revenue to $7.63 billion for the quarter ended 31 March 2018 because of divestment of its bottling operations. Its net profit rose by 16 per cent to $1.37 billion for the quarter under review. The company said its revenue topped by about $300 million due to increasing demand of Coke Zero Sugar and new flavours of Diet Coke.
The company has also claimed that the Indian unit grew at a double digit rate in the July-September 2017 quarter. Its volume growth was at 6 per cent during that quarter.