Coca-Cola relied on growth across its international business in the third quarter, as volumes in its US homeland remained largely flat.

Volumes were up 5% across the business for the quarter and up by 6% in the year to date, with major increases in emerging markets such as India and Russia.

Revenues soared by 47% to $12.74bn (£8.06bn), driven by the purchase of its North American bottling operation, as well as price rises in developed markets.

The company warned that increased prices of sweeteners and fruit would add $700m to its costs. But the integration of its bottler would result in cost savings of up to $150m.

“For a sixth consecutive quarter, we delivered performance results in line with or ahead of our long-term growth targets,” said chief executive Muhtar Kent.

“Importantly, we accomplished these results during a time of ongoing global market volatility, which is a testament to our clear and focused system vision, strong brands and solid execution.”

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