Coke, Pepsi report stable financial in March quarter, but Covid cloud looms

Cola majors say they will monitor localised lockdowns, vaccination progress

Cola majors Coca-Cola and Pepsi saw resilient financial performances in India for the second straight quarter, after reeling from the impact of the first wave of the Covid-19 pandemic and the nationwide lockdown.
 
Management commentary from global investor calls of the two companies indicate that the March quarter was stable, with Coca-Cola reporting 4 per cent growth in its sparkling soft drinks portfolio, led by India and China. While PepsiCo reported “mid-single-digit growth” in India in the quarter.
 
Coke, based in Atlanta, and Pepsi, headquartered in Purchase, New York, follow a January-December accounting year. PepsiCo counts brands such