Global Unit Case Volume Grew 1%
Net Revenues Grew 3%;
Organic Revenues (Non-GAAP) Grew 11%
India Highlights from the global release:
In India, Coca-Cola reported some notable points in its first quarter 2024 results:
• Continuing to drive digital capabilities:
Coca-Cola continued to leverage digital tools to enhance relationships with consumers and customers. In India, retailers are leveraging AI-powered suggested order recommendations on Coke Buddy, a customer engagement platform, to place bulk orders via the app.
• Market Performance:
Despite global challenges, Coca-Cola witnessed growth in India. Growth in the Philippines, India, Vietnam and Indonesia was more than offset by a decline in China.
• Structural Changes:
In January and February 2024, the company refranchised the bottling operations in certain territories in India. The company recorded net gains of $293 million related to the refranchising of the bottling operations in certain territories in India.