Coca-Cola has reported a dip in beverage sales in India for Q3, ending on September 27, citing the impact of prolonged heavy monsoons across several states. The rainfall affected consumer demand, with adverse weather hindering volume growth in one of the company’s key markets.
“India experienced particularly intense monsoons in multiple states, which impacted volume growth in the country,” said Coca-Cola CEO James Quincey during an investor call. While specifics on India’s sales performance were not disclosed, the company’s unit case volumes in the broader Asia-Pacific region saw a 2% decline for the quarter.
Despite this setback, Coca-Cola remains optimistic about a rebound in the coming months as seasonal weather normalizes and consumer demand for beverages is expected to pick up.