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The Coca-Cola Company has reported a 12% rise in second-quarter net revenue to $11.3 billion, after its results were boosted by price hikes. The drinks giant recorded organic revenue growth of 16%, which included 12% growth in price/mix – in part reflecting pricing actions. Meanwhile, the company – which owns major beverage brands such as Coca-Cola, Sprite and VitaminWater – said that its operating income declined 22% in the quarter. Currency headwinds and items impacting comparability were both responsible for the fall. Unit case volume, a key indicator of demand, grew 8%, with broad-based growth across all operating segments. Continued recovery in away-from-home channels helped drive volume performance, and growth in developed markets was led by Mexico, Western Europe and the US, while growth in developing and emerging markets was led by India and Brazil. In Q2, unit case volume of sparkling soft drinks grew 8%, with growth across all geographic operating segments. Meanwhile, nutrition, juice, dairy and plant-based beverages grew 6%, led by Maaza in India, Del Valle in Latin America and Fairlife in the US. Hydration, sports, coffee and tea saw unit case volume grow 7%. Coffee grew 15%, primarily driven by cycling the impact of Costa retail store closures in the UK and continued expansion of Costa coffee globally. Sports drinks grew 7%, mainly on the strength of the performances of Bodyarmor and Powerade. “Our results this quarter reflect the agility of our business, the strength of our streamlined portfolio of brands, and the actions we’ve taken to execute for growth in the face of challenges in the operating and macroeconomic environment,” said The Coca-Cola Company's CEO and chairman, James Quincey. The company says it now expects to deliver full-year organic revenue growth in the region of 12% to 13%, up from its previous guidance of 7-8% growth.