Coca-Cola India net profit declines 28.4% to ₹443.4 crore in FY21; revenue down 16%
The Hindu
In FY21, Coca-Cola India's other income also declined 18.2% to ₹57.59 crore.
Beverages major Coca-Cola India's net profit declined 28.4% year-on-year to ₹ 443.38 crore and its revenue from operations was down 16.2 % to ₹2,297.51 crore in the pandemic-hit FY21, according to regulatory documents.
The cola major had logged a net profit of ₹619.14 crore in FY20, while its revenue from operations in that year had stood at ₹2,741.54 crore.
When contacted, a Coca-Cola India spokesperson told PTI, this was mainly on account of the COVID-19 pandemic and related lockdowns and restrictions.
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