Extended rains took a toll on beverage sales in September quarter

Heavy rainfall and an extended monsoon dragged down beverage sales for Coca-Cola, PepsiCo, Varun Beverages, and Dabur during the September quarter as consumer demand softened

An extended monsoon this year has dented the beverages market, leading to a drop in sales for organised players.

 

For Atlanta-based beverages major Coca Cola, inclement weather conditions in India led to a fall in its volumes.

 

“In Asia-Pacific, volumes declined across each operating unit, driven by softer consumer spending, weaker industry performance, and inclement weather in a few markets like India and the Philippines,” Henrique Braun, chief operating officer (COO) told analysts after announcing the company’s third quarter numbers.

 

In the region, the company’s unit case volume declined 1 per cent.

 

Meanwhile, James Quincey, chief executive officer (CEO), said