India to be among top three markets of Coca-Cola in coming years: Global President John Murphy

Core Viewpoint - Coca-Cola maintains a positive outlook for the Indian market, expecting it to become one of its top three global markets due to strong consumer sentiment and a vibrant retail landscape [1][9]. Market Performance - India is currently the fifth largest market for Coca-Cola by volume, with operations through its bottling arm Hindustan Coca-Cola Beverages (HCCB) and various bottling partners [2][9]. - Despite challenges in 2025, including a short summer season caused by higher-than-normal monsoons, Coca-Cola anticipates robust growth momentum in 2026 [5][9]. Growth Drivers - The Indian government has implemented measures over the past 10 to 15 years to stimulate consumption, including investments in infrastructure, universal electrification, and digitization of the economy [6][9]. - The digitization of the economy is expected to serve as a significant tailwind for Coca-Cola's business, particularly in the context of e-commerce and hyperlocal delivery platforms [7][10]. Strategic Insights - Coca-Cola's leadership believes that India's journey to becoming a top market is a long-term process that requires continued investment in foundational areas to stimulate the economy [7][10]. - The company has recently completed the divestment of a 40% stake in HCCB to the Jubilant Bhartia Group, although there are no comments on potential IPO plans for HCCB [8][10].