Coca-Cola India's bottling partner posts 4% decline in revenues

Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola in India, has reported a 4% decline in revenues at Rs 9,082 crore in 2017-18 (FY18). Last year, HCCB had total sales of Rs 9,502 crore.

During the year, HCCB's comparable operating revenue increased 7% and it gained 2.3% share in sparkling beverages.

Harsh Bhutani, Chief Financial Officer of HCCB, said, "Our focus on product mix, plus the launch of several new products last year, helped us increase our net revenue by 7% versus 2016-17, on a comparable basis. The introduction of GST helped us in leveraging our national supply chain and drive productivity. We are continuing to invest in cold drink equipment, manufacturing capacity and towards horizontal expansion, which will catalyse strong, stable growth, going forward."