Image Source: Coca Cola
Aug 3, 2018
Coca-Cola has shown great interest in venturing into dairy sector, but at the same time is secretive about whether it has placed a bid to acquire GSK Consumer’s Horlicks milk food drink brand, which is on the block. Apart from Horlicks, Kraft Heinz’s Complan health drink is also up for sale and if sources are to be believed Coca cola may also bid for this too.
In June, Coca-Cola had mandated Citi to help it in the bidding process, which other firms such as ITC and Hindustan Unilever are also learnt to be considering.
The beverage giant ended the April-June 2018 quarter with double digit volume growth, which it said was its fourth consecutive quarter of double-digit revenue growth and second back-to-back quarters of double-digit volume growth, with the core sparkling portfolio also growing in double digits.