(Reuters) - Bottler Coca-Cola HBC boosted its annual operating profit and revenue forecast on Wednesday, as the Swiss group posted higher first-half revenue, helped by its measures to mitigate the impact of high inflation and currency fluctuations.

Demand for packaged beverages and food has stayed resilient, even as companies hiked prices to pass on elevated raw material costs to consumers. A gradually improving economic environment has also encouraged beverage makers to raise their forecasts for the year.

For the full year 2024, organic revenue growth is expected to be between 8% and 12%, higher from the company's previous mid-term target range of 6%-7%, it said.

Organic earnings before interest and taxes growth is expected to lie within the range of 7% to 12%, up from the previous estimates of 3% to 9%.

For the first half of 2024, the bottler posted a 13.6% jump in organic revenue.

Despite the forecast boost, the company said it was mindful of macroeconomic and geopolitical challenges and an uncertain consumer environment, adding that it expects macroeconomic and geopolitical backdrop to remain challenging in the second half.

The company, in which U.S. beverage giant Coca-Cola owns more than 20% stake, said it expects cost of goods sold to increase low to mid-single digits due to the combined effects of inflation and currency fluctuations.