In FY21, Coca-Cola India’s other income also declined by 18.2% to ₹57.59 crore.
Leading beverage major Coca-Cola India’s net profit declined 28.4% year-on-year to ₹443.38 crore and its revenue from operations declined 16.2% to ₹2,297.51 crore, according to regulatory documents.
The cola major had made a net profit of ₹619.14 crore in FY15, while its revenue from operations stood at ₹2,741.54 crore that year.
When contacted, a Coca-Cola India spokesperson said PTIThis was mainly due to the COVID-19 pandemic and related lockdowns and restrictions.
Coca-Cola India’s total income also declined 16.2% to ₹2,355.10 crore in the financial year ended March 2021, as against ₹2,811.99 crore in the previous financial year, according to a Registrar of Companies filing shared by market intelligence firm Toffler. had gone.
In FY21, Coca-Cola India’s other income also declined by 18.2% to ₹57.59 crore, as against ₹70.44 crore a year ago.
During the financial year 2020-21, the company’s total expenses declined by 11.2% to ₹1,740.92 crore as against ₹1,961.28 crore in the previous year.
“After the outbreak of the COVID-19 pandemic, there has been a demand disruption especially from out-of-home channels, with people working from home and spending most of their time indoors. “The fall in revenue is due to the COVID-19 pandemic and the associated lockdowns and restrictions, especially in the first two quarters of 2020 which were unprecedented and challenging for the industry at large. A Coca-Cola India spokesperson said, “We continue to invest in our brand, people, community and capabilities to grow stronger.”
He said that India is an important growth region for the Coca-Cola system globally and remains one of the key markets and is of prime importance to The Coca-Cola Company.
“In the current year, it is getting stronger in away from home channels with a focus on improved mobility and affordability. Brands like Coca-Cola and Thums Up are also growing due to effective market activism,” said the spokesperson.
The company, which works with power brands in Indian markets including Coca Cola, Thums Up, Limca, Sprite, Maaza and Minute Made, said it is committed to grow and grow stronger.
“We believe in the growth potential of the organization and will continue to focus on capacity and capacity building,” he said. India is one of the key markets for the Atlanta, US-headquartered Coca-Cola Company.
It falls under the Asia Pacific market zone, where the global beverage major reported 3% unit case volume growth in its latest quarterly results announced for the period ended September 2021.
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