Coca-Cola indicates that Maaza to become a USD1 billion brand by 2020

In 1993, Coca-Cola India had acquired Maaza along with brands such as Thums Up and Limca from Parle Bisleri.

Beverages major Coca-Cola India is targeting its mango fruit-based drink Maaza, which it acquired in 1993, to become a USD 1 billion brand by 2020.

Venkatesh Kini, President, Coca-Cola India and South West Asia, said, “We would love to see Maaza become a USD 1 billion brand coming out of India by 2020. The brand has potential to be there. All our consumer research shows that Maaza is India’s most trusted and loved brand.”

At present, Maaza is an over Rs 2,000 crore brand, he added.

In 1993, Coca-Cola India had acquired Maaza along with brands such as Thums Up and Limca from Parle Bisleri.

In order to achieve the target, company is also investing in areas such as increasing manufacturing capacity.

The firm said, “The resource infusion behind Maaza is a part of the USD 5 billion investment plan of the Coca-Cola Company and its bottlers in India, between 2012 and 2020. The bottlers of the company are setting up 5 Greenfield projects over the next 2 years, at least 50 per cent of which will have manufacturing lines for Maaza.”

The company has already announced one greenfield facility in Madhya Pradesh.

“These new lines will help keep pace with the expected increase in demand of Maaza over the next few years,” it added.

The company had earlier indicated that Maaza will become a USD 1 billion brand by 2023.

At present, Coca-Cola Company and its bottlers in India annually procure 70,000 metric tonnes of mango pulp worth Rs 500 crore.

Related Post

thumbnail
hover

How to recruit a franchisee with...

How can you spot a franchise buyer and know their ambition is genuine and not just blind hope? It’s vital at the outset to explore and und...

thumbnail
hover

Marketing initiatives becomes an integral part...

Any brand, established or struggling, wants to put in best efforts for its marketing strategies and initiatives taken. Marketing is not only...

thumbnail
hover

Finest watches by Craig Shelly, Now...

Watches are something we could buy again and again! Bringing to us their impeccable variety, Craig Shelly India is NOW in India! Started i...

Leave us a comment

Loading...
Close
loading...