Coca Cola top brass to visit Goa this week with 220-member team

India is the fifth largest market for the Coca-Cola Company

James Quincey, the Coca-Cola Company’s global chairman and chief executive officer, will head a 220-member leadership team on a potentially big-impact visit to India this week, according to a report by The Economic Times. The teams are scheduled to meet in Goa.

The company’s president and chief financial officer John Murphy, and global chief marketing officer Manuel Manolo Arroyo, will be leading the teams of company officials, the report further noted.

Quincey said in an earnings management commentary after the December quarter that Coca-Cola’s India business saw “robust growth through 2023” despite climate disruptions.

India is the fifth largest market for the Coca-Cola Company. The Indian market also contributed to the growth of Coca-Cola's overall growth from the Asia Pacific region and the emerging market, as per the company.

The company's net revenue for the December quarter grew 7 percent to $10.8 billion, and organic revenues (non-GAAP) grew 12 percent.

In the December quarter, Coca-Cola's unit case volume in the Asia Pacific region grew 2 percent. This was "primarily driven by growth in juice, value-added dairy, and plant-based beverages and sparkling flavours. Growth was led by India and China", the company further said.

For its bottling investments group, "unit case volume declined 1 percent for the quarter, as growth in India and the Philippines was more than offset by the impact of refranchising bottling operations."

Last month, Coca-Cola's Indian bottling arm Hindustan Coca-Cola Beverages (HCCB) transferred bottling operations in Rajasthan, Bihar, and the Northeast and parts of West Bengal to its existing partners in these three regions.