Coca-Cola India's FY23 advertising expenditure surges by 52% to Rs 1,122.11 crore

Beverages major Coca-Cola India's advertising and sales promotion expenses were up 52.05 % to Rs 1,122.11 crore in the financial year which ended on March 31, 2023. This was at Rs 737.97 crore a year before.

Its consolidated profit rose by 57.15 % to Rs 722.44 crore in FY2022-23 while revenue from operations jumped 45 % to Rs 4,521.31 crore, according to financial data accessed by the business intelligence platform Tofler.

The cola major logged a profit of Rs 459.69 crore for the financial year that ended on March 31, 2022, while its revenue from operations in that year had stood at Rs 3,121.29 crore.

Its other income was also up 23 % to Rs 87.19 crore for the financial year that ended on March 31, 2023.

Total expenses of Coca-Cola India were up 42.09 % to Rs 3,620.92 crore in FY23 as against Rs 2,548.19 crore of FY22.

Coca-Cola India's total income on a consolidated basis was at Rs 4,608.51 crore, up 44.36 % in FY23. It was at Rs 3,192.17 crore a year before.

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