Covid-19 lockdown takes the fizz out of Coke's operations in June quarter

Coca-Cola’s operations took a significant dent during the June 2020 quarter, owing to the lockdown. Disruption in the Indian market impacted all aspects — from volume offtake to its key sparkling beverages business — The Coca-Cola Company informed the NYSE on Tuesday.

Global volume offtake dropped 16 per cent year-on-year (YoY) and its aerated drinks business fell 12 per cent YoY, with the lockdown being the major factor. Products under its flagship Coca-Cola contributed significantly towards the decline in its sparkling beverages business. The trademark Coca-Cola business fell 7 per cent, while the Coke Zero Sugar segment declined by 4 per