Hotline: 1800 102 2007
X
Search Business Opportunities
Aug, 02 2018

Coca-Cola aims to enter dairy space says T Krishnakumar

Coca-Cola has been on expansion spree of its brand to include juice and juice drinks, flavoured waters and dairy-based beverages and tea in line with rapidly changing consumer preferences.

Coca-Cola president T Krishnakumar said on Wednesday that the company is ‘interested’ in the dairy space, but added he would not comment further on whether Coca-Cola has placed a bid to acquire GSK Consumer’s Horlicks milk food drink brand, which is on the block. “I can comment on what the company is doing in terms of organic growth. Beyond that I cannot comment,” he said at a media roundtable.

The beverage major ended the April-June 2018 quarter with double digit volume growth, for fourth consecutive quarter of double-digit revenue growth and second back-to-back quarters of double-digit volume growth, with the core sparkling portfolio also growing in double digits.

Apart from Horlicks, Kraft Heniz’s Complan health drink is also up for sale. Krishnakumar declined comment on whether Coca-Cola was bidding for either of the two brands, saying that it was speculation. Coca-Cola in June had mandated Citi to help it in the bidding process, which other firms such as ITC and Hindustan Unilever are also learnt to be considering.

Coca-Cola has been on expansion spree of its brand to include juice and juice drinks, flavoured waters and dairy-based beverages and tea in line with rapidly changing consumer preferences.

Comment
image
Related opportunities
  • Theme Restaurants
    About Us: Rang De Basanti Dhabha Centers around the idea of..
    Locations looking for expansion West bengal
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Kolkata West bengal
  • Tea and Coffee Chain
    About Us: The brand Chachago was created to raise public awareness..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Clinics & Nursing Homes
    About Us: At Vivekananda Health Global we strive to bring the most authentic..
    Locations looking for expansion Karnataka
    Establishment year 2003
    Franchising Launch Date 2015
    Investment size Rs. 30lac - 50lac
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • About Us: Welcome to the world of premium modular kitchens, crafted..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2008
    Investment size Rs. 30lac - 50lac
    Space required 900
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities