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Coca-Cola expands India footprint with new production sites and tea beverage launch

EditorEmilio Ghigini
Published 01/22/2024, 09:50 PM
© Reuters.

DAVOS - Coca-Cola (NYSE:KO) CEO James Quincey has put a spotlight on India at the World Economic Forum, indicating robust investment plans for the country due to its growing digital landscape and infrastructure improvements. The beverage giant is set to enhance its manufacturing presence with the construction of new production facilities in Gujarat and Telangana, which will join its network of 54 existing plants across India.

In a strategic move to cater to local tastes, Coca-Cola has unveiled a new tea beverage tailored for the Indian market. Additionally, the company has diversified its portfolio by investing in Lemon-Dou, an alcoholic beverage offering, signaling a broader approach to capturing market share in the region.

Investor sentiment appears cautiously optimistic as Coca-Cola's shares (NYSE:KO) saw a slight premarket uptick of 0.19%. Shareholders and market watchers are now looking forward to the upcoming earnings report scheduled for February 13, with the stock currently enjoying a Strong Buy status according to Seeking Alpha's Quant Rating.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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