Coca-Cola President and CFO John Murphy announced that India is on track to become the company's third-largest market by sales volume. Murphy, speaking during a market visit, stated that strong fundamentals and robust momentum are expected to push India into the top three in the coming years.
Murphy credited government measures for stimulating consumption. Specifically, he cited investments in infrastructure, electrification, and the digitization of the economy.
This outlook is supported by Coca-Cola’s ongoing long-term investment in the country alongside its bottling partners. Murphy also indicated the company remains open to pursuing bolt-on, mid-sized acquisitions in India to expand the beverage portfolio and enhance competition across various categories.
The strategic importance of the Indian market is further emphasized by the reported plan for a major IPO of its Indian bottling arm, Hindustan Coca-Cola Beverages (HCCB).