Coca-Cola profit boosted by emerging market growth

However, the soft drinks giant warned of uncertain “turbulent” economic times.

Coca Cola Company chief executive Muhtar Kent said: “We are pleased with our second quarter and year-to-date results. We are delivering consistent quality performance in line with our 2020 Vision growth targets, despite a very challenging and increasingly unpredictable global economy.”

He said that Coca Cola was aware of how turbulent the economic landscape is today and will continue to be this year.

He added: “Notably, we continue to gain global volume and value share by giving our consumers what they are looking for – meaningful brand connections, wide-ranging product and package choices, greater information about our brands, and significant investments in programs that support healthy and active lifestyles, all at the heart of our brand values.”

Profit

The firm noted volume growth in key emerging markets such as India (20%), Russia (9%), China (7%) and Brazil (6%), but said volume performance remained soft in European regions. Last month, Coca-Cola said that it would invest $5bn (£3bn) in India in a bid to increase its market share.

Worldwide still beverage volume grew 9%, with solid growth across beverage categories, including packaged water, juices and energy drinks. In contrast, worldwide sparkling beverage volume grew 2% in the quarter and 3% year-to-date.