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Coca-Cola Posts APAC Revenue Growth as India Rains Dent Q3 Volumes

Revenue rose despite weather-hit volumes due to pricing, mix, and refranchising gains.

Overview

  • Asia Pacific unit case volume declined about 1% in the September quarter, with India and the Philippines cited for rain-related weakness alongside softer consumer spending.
  • Net operating revenue for the region increased 10.6% to $1.5 billion, and the company said value share and segment profit improved.
  • Leadership highlighted granular channel execution and affordability-focused price–pack architecture to drive growth in markets such as India.
  • Coca‑Cola completed the sale of a 40% stake in Hindustan Coca‑Cola Beverages to Jubilant Bhartia Group, booking a $102 million net gain and $7 million in transaction costs.
  • Executives described India as a long-term volume opportunity at lower realized prices, with industry reporting noting intensified local competition and PepsiCo also flagging rain-hit demand.