Coca-Cola on Wednesday said that business in India in the June quarter was “unfavourably impacted” by unseasonal rains. The beverage major, which released its second quarterly earnings, however added that growth in the Asia-Pacific region was led by markets such as India.
On an earnings call, James Quincey, Chairman and CEO, the Coca-Cola Company said, “There are always a few markets affected by specific local factors…. In India, business was unfavourably impacted by unseasonable rains and cooler temperatures in the quarter. However, the growth outlook remains intact.”
He added that the company saw “strong demand” for juices in India and China. The company added that in the sparkling drinks segment, it is seeing strong consumer engagements with its various brands including Sprite and Thums Up.
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