Coca-Cola revenue rises 12% to $12 billion; CEO says investing in India a 'long-term priority'

Coca-Cola, one of the biggest names in the global fast-moving goods business, announced its results on April 28. The bottom line rose as well, with the net revenue growing 12%, jumping to $12.5 billion.

The company reported that its global unit case volume grew 3%. The organic revenues (Non-GAAP, Generally Accepted Accounting Principles) grew 10%. The operating income of Coca-Cola stood at 19%. The operating margin rose to 35.0%, compared to 32.9% in the previous year.

The company reported that its earnings per share or EPS, grew 18% to $0.91, and comparable EPS (non-GAAP) grew 18% to $0.86.

Cash flow from operations and free cash flow (non-GAAP) were $2.0 billion and $1.8 billion.

Also Read: Why India’s most efficient retirement product still hasn’t gone mainstream

In addition, soda sales increased, according to the business, especially in its full-sugar soda substitutes. Coca-Cola soda sales increased by 2% during the quarter, with a 13% increase in Coca-Cola Zero Sugar and a 6% increase in Diet Coke.

Speaking on the result, Henrique Braun, CEO of the company, said, “We’ve had a strong start to the year.”

Further, he added, “Our performance this quarter reflects our unwavering focus on staying close to the consumer, executing locally and managing complexity. Yet there’s so much more we can do as we navigate a dynamic environment. Our team is motivated by the opportunity to build on the company’s great foundation.”

Braun also spoke about the prospect of investing in India and claimed that it remains a long-term priority.

He also added, “We are working with partners to strengthen execution capabilities and gradually expand further. In India, it is important to build this for the long term, a place where we are fortunate to also have local brands under the portfolio”.

The shares of the company closed with gains of $2.91 or 3.86%. The company's shares have risen by 14.63% in the past 6 months to $78.35