Coca-Cola's Indian Sales Hit by Unprecedented Monsoons

Coca-Cola's sales in India experienced a decline during July-September due to heavy monsoons. While affected states saw decreased volumes, regions with usual rainfall observed mid-single-digit growth. Coca-Cola remains optimistic, anticipating growth next year. The company also reported a 1% drop in global unit case volume for the quarter.

Coca-Cola's sales volumes in India faced a downturn in the July-September quarter, attributed to heavy monsoons affecting several states, according to an announcement made on Wednesday.

However, states with normal rainfall experienced mid-single-digit growth, as mentioned by Coca-Cola Chairman and CEO James Quincey in a recent earnings call.

Despite the challenges, Quincey remains optimistic, viewing the impact as temporary, expecting a return to growth in the next year, as high monsoon yields could boost agricultural output.

(With inputs from agencies.)