New Delhi. The Coca-Cola Company which reported 18 % drop in global profit to $995 million, on Thursday, said it has registered 28 % increase in unit case volume in India for the fourth quarter ended December 2008. In the previous quarter ended September 2008, the company’s unit case volumes in India had grown by 18 %. One case equals 24 bottles of 8 ounce each.
“Unit case volume expanded across most markets in the quarter and full year, with double-digit growth in key markets. Key emerging markets like India, South Africa and Nigeria increased 28 %, 11 % and 12 % in the quarter, respectively,” the company said in a statement .
Globally, the company has posted 4 % growth in unit case volume in the quarter and 5 % growth for the full year.
“Our performance in the fourth quarter was very solid,” said Muhtar Kent, president and chief executive officer, The Coca-Cola Company said.
For the year, we again exceeded our long-term growth targets despite a very challenging economic environment. And importantly, we gained volume and value share in most of our leading markets through solid execution of our strategies,” he added.