Coca-Cola net doubles to Rs 809 cr

New Delhi: Hindustan Coca-Cola Beverages (HCCB) Ltd, the bottling arm of beverage major Coca-Cola in India, net profit jumped two-fold to Rs 809.32 crore for FY23, according to data accessed by business intelligence platform Tofler. The company, which operates 16 factories spread across India, recorded a 41.51 per cent rise in its revenue from operation to Rs 12,735.12 crore for FY23, it said in a filing to the Registrar of Companies. In the preceding financial year (FY22), HCCB’s net profit was Rs 377.14 crore, while its revenue from operations stood at Rs 8,999.30 crore.

However, other income of HCCB in FY23 fell 29.48 per cent to Rs 105.27 crore. Its total income for FY23 was Rs 12,840.39 crore, up 40.35 per cent. Its total income was Rs 9,148.59 crore in FY22. HCCB’s operating expenses rose 39.79 per cent to Rs 11,191.26 crore for the financial year ended March 2023.