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In 1993, Coca-Cola re-entered the market, and the three companies competed intensely. Later in the year, Coca-Cola bought the Parle-owned drinks Gold Spot, Limca and Thums Up for $60 million (equivalent to $90 million in 2023). When these were sold to Coca-Cola, Thums Up had a market share of 85 percent in India. [10]
Coca-Cola (NYSE: KO) will likely be selling many more beverages in a few years than it did in 2024. There's little to challenge the beverage giant's dominant global network, which accounts for ...
The cost of drinking sugary (and non sugary) products from Coca-Cola (KO) are on a steep rise, helping to pad the beverage giant's sales and profits. Coca-Cola earnings: Price hikes lead to a big ...
KO Stock Price vs. COKE Stock Price If you’re seeking a value stock with a bit of risk behind it, KO could be your best choice. Trading at just $53.72 in mid-October 2023, it’s down roughly ...
Along with other Parle brands, Thums Up, Limca, Gold Spot and Maaza, Citra was sold to Coca-Cola in 1993 in a deal that was reportedly worth $40 million. [2] [3] At the time of sale, the Parle brands together had a 60% market share in the aerated water industry. [4] The brand was strong in South India. [5]
In 1993, Parle Bisleri sold Gold Spot along with Thums Up, Limca, Citra and Maaza to The Coca-Cola Company, which had just relaunched in the Indian market, reportedly for $40 million. [2] In spite of its wide popularity, Gold Spot was withdrawn by Coke from the market in order to re-make space for Coca-Cola's Fanta brand. [3]
KO PE Ratio (Forward 1y) data by YCharts Coca-Cola should be a solid stock over the long term, given the pricing power in its business. The risk would be volume declines starting to accelerate.
During the peak of the cola wars, as Coca-Cola saw its flagship product losing market share to Pepsi as well as to Diet Coke and competitors' products, the company considered a change to the beverage's formula and flavor. In April 1985, The Coca-Cola Company introduced its new formula for Coca-Cola, which became popularly known as "New Coke".