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

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.

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The category, which constitutes the majority of Coke’s volume and revenue, was severely hit “led by the decline in India, western Europe, and fountain business in North America”, the firm told its investors.

Arnab Dutta New Delhi

2 min read Last Updated : Jul 21 2020 | 11:24 PM IST

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

Topics : Coronavirus Lockdown Coca-Cola Indian Economy Global economy

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