Coca-Cola’s Sprite becomes billion-dollar brand in Indian market

Coca-Cola, global soft drinks company announced that its lemon and lime-flavored soft drink ‘Sprite’ has become a billion-dollar brand in the Indian market. The company has recorded a “strong” volume growth in its India business in the third quarter of 2022.

Trademark Coke delivered strong growth through effective execution and occasion-based marketing. Coke has done 2.5 billion transactions in India at affordable price points through the expansion of returnable glass bottles and single-serve PET packages.

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Key Points related to Sprite becoming a billion-dollar brand in India

• Coca-Cola continued to strengthen as it gained a share in sparkling offerings in the first half of 2022.
• Sprite has grown to become a billion-dollar brand in the market, driven by the success of locally adapted, occasion-based global marketing campaigns and screen time.
• Coca-Cola has earlier announced that its Indian soft drink brand Thumps up has become a billion-dollar brand in 2021.
• India is the fifth largest market for Coca-Cola globally.

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