Coca-Cola Turkey's Net Profit Reaches TRY186mn In H112
News: Coca-Cola Turkey's net profit reached TRY186mn (US$103.1mn) in H112. Coca-Cola Turkey is the Turkish subsidiary of US drinks major The Coca-Cola Company. The company's sales rose 11% year-on-year to 395mn units in H112. The company sells the carbonated soft drink in Turkey, Pakistan, Central Asia and the Middle East.
BMI View: In line with our broader consumer outlook, we see the Turkish soft drinks industry performing very strongly to 2017, as income appreciation continues to fuel the industry and as the modern retail channels continue to develop across the country. Strong volume momentum is expected to continue in all categories, supported by premiumisation-driven value sales growth. Generally speaking, a majority Muslim population complements soft drinks very well, while their low base also indicates the substantial longer-term potential of the sector.