Coca-Cola has announced its fourth-quarter and full-year results for 2023, showcasing strong growth across various metrics despite ongoing market challenges. The company reported a 2% increase in global unit case volume for both the quarter and the full year, reflecting steady consumer demand for its products.
In the fourth quarter, net revenues surged by 7%, while organic revenues (Non-GAAP) experienced an impressive 12% growth. These results indicate the company’s resilience in navigating the ever-changing market landscape. India emerged as a significant contributor to Coca-Cola’s growth, with the developing and emerging markets segment witnessing a 2% increase in unit case volume for the full year. The quarter also saw a 2% growth in unit case volume, with notable contributions from Brazil and India.
In the Asia Pacific region, Coca-Cola experienced a 2% growth in unit case volume for the quarter, driven by strong performances in juice, value-added dairy, plant-based beverages, and sparkling flavors. India, along with China, played a pivotal role in this growth trajectory.
