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Lockdown impact: India market drags down Coca-Cola's global performance

The cumulative impact of the Covid-19 induced crises in India and South Africa led to a 10 per cent drop in its bottling business

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The category, which constitutes the majority of Coke’s volume and revenue, was severely hit led by the decline in India, Western Europe, and the fountain business in North America.

Arnab Dutta New Delhi

3 min read Last Updated : Oct 23 2020 | 10:47 AM IST

The impact of the lockdown and economic distress in India continue to haunt global beverages major Coca-Cola. Like in the previous quarter, the company's poor performance in the September quarter in India dragged its global performance down, the US major informed its investors on Thursday.

The cumulative impact of the Covid-19 induced crises in India and South Africa led to a 10 per cent drop in its bottling business. “Unit case volume declined 10 per cent, driven by India and South Africa, due to the impact of the coronavirus”, it said. This despite the depreciating local currency that offered it

Topics : Lockdown Coca-Cola Coca-cola sales United States Q2 results Coke China

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