What They Say on their India Plans

With India being the fastest-growing large economy, ‘what is your India plan?’ is a common topic in boardrooms of most global corporations. One important source to distil their India plans is from their quarterly earnings calls. With the March quarter having just started, we will bring to you what CXOs of global corporations are saying about India and their perspectives and plans during this earnings season in this column. Here are some from companies that reported their earnings last week.

The Coca-Cola Company (KO, m-cap: $307 billion)

The multinational beverage company emphasised continued expansion and brand penetration in India:

“…strong volume growth across our portfolio… added nearly 350,000 outlets… added approximately 100,000 customers to its digital platforms.”

UBS Group AG (UBS, m-cap: $92 billion)

The investment bank and financial services firm shared a long-term strategic vision for India through partnership:

“…very optimistic about the long-term potential growth in India… partnered with the only fully independent asset gatherer… to pursue the next phase of growth.”

Mondelez International Inc (MDLZ, m-cap: $88 billion)

Despite recent softness, the American FMCG company remains optimistic about India’s outlook:

“…India declined high single-digits… but confidence in India remains solid… expect to improve trajectory through targeted activation and improving macro backdrop.”

Hilton Worldwide Holdings (HLT, m-cap: $56 billion)

The American multinational hospitality company reaffirmed its aggressive expansion strategy in India:

“…signed a strategic licensing agreement to open 75 Hampton hotels… agreement to open 150 Spark hotels… reaffirms our commitment to expanding in this key emerging economy.”

Alkami Technologies Inc (ALKT, m-cap: $2.7 billion)

The cloud-based digital banking solutions provider spotlighted India as a core innovation and scale centre:

“…building a strategic development centre… supporting hundreds of Alkamists… drive innovation and deliver operating leverage.”

Grid Dynamics Holdings Inc (GDYN, m-cap: $1.2 billion)

The technology consulting firm noted India as an emerging tech innovation hub across digital platforms:

“…India is one of the top locations… emerged as a hub for multi-agent, multimodal platform engineering… major AI-led delivery wins with global clients.”

Tronox Holding Plc (TROX, m-cap: $870 million)

India was identified as a major growth opportunity amid global trade shifts by the American chemical company:

“…India… probably the biggest opportunity for us… our second largest market… 450,000 tonnes a year with sizable Chinese imports.”

Published on May 3, 2025