Latest news with #JamesQuincey
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Business Standard
2 days ago
- Business
- Business Standard
Beverage makers' April-June quarter takes a hit due to unseasonal rain
Early monsoon and unseasonal rainfall this year in most parts of the country have impacted the topline of beverage makers in the June quarter. This has not only impacted sales of the cola brands but also traditional milk-based beverage products, such as lassi, shakes, flavoured milks, and buttermilk. Interestingly, the beverage makers had early volume gains in 2026 as summer arrived early. They had stocked inventory and channels in anticipation of a repeat of last year's bumper sales. However, by mid-April, intermittent rainfall started hitting southern and western India, impacting overall which sales from early May. The Coca-Cola Company Chairman and CEO James Quincey, in the latest investors' call, said the company got a "hit by some early monsoon in India", in the June quarter, which is the important selling season in the country. The company had a good start in the quarter, but early arrival of monsoon impacted it, said Quincey. "In India, after a strong start to the year, volume declined, as our business was impacted by early monsoons and geopolitical conflict (India-Pakistan conflict) early in the important summer season," he said. India is the fifth largest market for The Coca-Cola Company, which operates here with brands as ThumsUp, Sprite, Maaza, Minute Maid, Kinley, besides Coca-Cola and Coke. For PepsiCo, India continues to be a double-digit growth path; however, its beverage business was also hit in India during the quarter under review. PepsiCo's International Beverages Franchise (IBF) segment, which focuses on the bottling and distribution of PepsiCo's beverage brands outside of North America, had "a decline in India" in the second (June) quarter, the company said earlier this month in its earnings statement. IBF includes PepsiCo's international franchise beverage businesses, as well as its SodaStream business. In India, PepsiCo's bottling operations in India are mostly handled by its largest franchisee is Varun Beverages Ltd (VBL). Several dairy companies also faced an impact on sales of beverage products in the quarter, due to unseasonal rainfall and early arrival of monsoon. IDA President R S Sodhi told PTI more rain has affected the demand for beverages, including dairy-based ones, this year. Moreover, he said the rural demand is also tight because of inflation. "The emergence of many local and regional brands in the beverage segment is also impacting sales of large companies," he said. Tata Consumer Products Ltd, which operates in the beverages segment with its glucose-based drink Gluco+ and Fruski, said volume growth of its ready to drink (RTD) business "was impacted by unseasonal rain" in the June quarter. "RTD business was impacted by unseasonal rains and recorded a moderate volume growth of 3 per cent," the Tata group FMCG arm said in its earnings statement. Similarly, home-grown FMCG major Dabur India said its consolidated revenue in the June quarter is expected to grow in low-single digits on account of a decline in beverages, which was impacted during the quarter due to unseasonal rainfall and a short summer. "The beverage portfolio was impacted during the quarter due to unseasonal rains and short summer," Dabur said earlier this month in its quarterly updates.
Yahoo
2 days ago
- Business
- Yahoo
Coca-Cola Company Strengthens its Long Term Value with Cane Sugar Soda Launch
The Coca-Cola Company (NYSE:KO) is one of the . The company confirms adding a new soda following a push from the U.S. President and a resilient Q2 earnings. A row of factory workers assembling bottles of sparkling soft drinks on a conveyor belt. The Coca-Cola Company (NYSE:KO) is a global total beverage firm offering over 200 brands across a wide range of beverages, including sparkling drinks, water, tea, coffee, and juices. Headquartered in Georgia, the company's portfolio is comprised of products available in more than 200 countries through an extensive network of bottling partners and distributors. It sells approximately 2.2 billion servings of beverages every day. President Donald Trump has been pushing The Coca-Cola Company (NYSE:KO) to include U.S.-grown cane sugar beverages in its lineup. And in its Q2 earnings call released on July 22, 2025, the company officially announced adding a new soda made with American-grown cane sugar to its product portfolio. The move marks a historic shift in the company's sweetener strategy in the U.S. In the Q2 earnings report, the company also highlighted a 1% growth in revenue despite a 1% decline in global unit case volume. James Quincey, Chairman and CEO, has made the following statement. 'Amid a shifting external landscape in the second quarter, the ability of our system to stay both focused and flexible enabled us to stay on course in the first half of the year' With a low beta of 0.44, suggesting a strong resilience against market changes, The Coca-Cola Company (NYSE:KO) expects a 6.24% 5-year EPS growth, thus earning its place in our list of best long term low risk stocks. While we acknowledge the potential of KO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Metal Stocks with Insider Buying in 2025 and 10 Energy Stocks with Insider Buying in 2025 Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mint
2 days ago
- Business
- Mint
Beverage makers June qtr goes downstream on early monsoon, unseasonal rain
New Delhi, Jul 27 (PTI) Early monsoon and unseasonal rainfall this year in most parts of the country have impacted the topline of beverage makers in the June quarter. This has not only impacted sales of the cola brands but also traditional milk-based beverage products, such as lassi, shakes, flavoured milks, and buttermilk. Interestingly, the beverage makers had early volume gains in 2026 as summer arrived early. They had stocked inventory and channels in anticipation of a repeat of last year's bumper sales. However, by mid-April, intermittent rainfall started hitting southern and western India, impacting overall which sales from early May. The Coca-Cola Company Chairman and CEO James Quincey, in the latest investors' call, said the company got a "hit by some early monsoon in India", in the June quarter, which is the important selling season in the country. The company had a good start in the quarter, but early arrival of monsoon impacted it, said Quincey. "In India, after a strong start to the year, volume declined, as our business was impacted by early monsoons and geopolitical conflict (India-Pakistan conflict) early in the important summer season," he said. India is the fifth largest market for The Coca-Cola Company, which operates here with brands as ThumsUp, Sprite, Maaza, Minute Maid, Kinley, besides Coca-Cola and Coke. For PepsiCo, India continues to be a double-digit growth path; however, its beverage business was also hit in India during the quarter under review. PepsiCo's International Beverages Franchise (IBF) segment, which focuses on the bottling and distribution of PepsiCo's beverage brands outside of North America, had "a decline in India" in the second (June) quarter, the company said earlier this month in its earnings statement. IBF includes PepsiCo's international franchise beverage businesses, as well as its SodaStream business. In India, PepsiCo's bottling operations in India are mostly handled by its largest franchisee is Varun Beverages Ltd (VBL). Several dairy companies also faced an impact on sales of beverage products in the quarter, due to unseasonal rainfall and early arrival of monsoon. IDA President R S Sodhi told PTI more rain has affected the demand for beverages, including dairy-based ones, this year. Moreover, he said the rural demand is also tight because of inflation. "The emergence of many local and regional brands in the beverage segment is also impacting sales of large companies," he said. Tata Consumer Products Ltd, which operates in the beverages segment with its glucose-based drink Gluco and Fruski, said volume growth of its ready to drink (RTD) business "was impacted by unseasonal rain" in the June quarter. "RTD business was impacted by unseasonal rains and recorded a moderate volume growth of 3 per cent," the Tata group FMCG arm said in its earnings statement. Similarly, home-grown FMCG major Dabur India said its consolidated revenue in the June quarter is expected to grow in low-single digits on account of a decline in beverages, which was impacted during the quarter due to unseasonal rainfall and a short summer. "The beverage portfolio was impacted during the quarter due to unseasonal rains and short summer," Dabur said earlier this month in its quarterly updates.
News18
3 days ago
- Business
- News18
Beverage makers June qtr goes downstream on early monsoon, unseasonal rain
Last Updated: New Delhi, Jul 27 (PTI) Early monsoon and unseasonal rainfall this year in most parts of the country have impacted the topline of beverage makers in the June quarter. This has not only impacted sales of the cola brands but also traditional milk-based beverage products, such as lassi, shakes, flavoured milks, and buttermilk. Interestingly, the beverage makers had early volume gains in 2026 as summer arrived early. They had stocked inventory and channels in anticipation of a repeat of last year's bumper sales. However, by mid-April, intermittent rainfall started hitting southern and western India, impacting overall which sales from early May. The Coca-Cola Company Chairman and CEO James Quincey, in the latest investors' call, said the company got a 'hit by some early monsoon in India", in the June quarter, which is the important selling season in the country. The company had a good start in the quarter, but early arrival of monsoon impacted it, said Quincey. 'In India, after a strong start to the year, volume declined, as our business was impacted by early monsoons and geopolitical conflict (India-Pakistan conflict) early in the important summer season," he said. India is the fifth largest market for The Coca-Cola Company, which operates here with brands as ThumsUp, Sprite, Maaza, Minute Maid, Kinley, besides Coca-Cola and Coke. For PepsiCo, India continues to be a double-digit growth path; however, its beverage business was also hit in India during the quarter under review. PepsiCo's International Beverages Franchise (IBF) segment, which focuses on the bottling and distribution of PepsiCo's beverage brands outside of North America, had 'a decline in India" in the second (June) quarter, the company said earlier this month in its earnings statement. IBF includes PepsiCo's international franchise beverage businesses, as well as its SodaStream business. In India, PepsiCo's bottling operations in India are mostly handled by its largest franchisee is Varun Beverages Ltd (VBL). Several dairy companies also faced an impact on sales of beverage products in the quarter, due to unseasonal rainfall and early arrival of monsoon. IDA President R S Sodhi told PTI more rain has affected the demand for beverages, including dairy-based ones, this year. Moreover, he said the rural demand is also tight because of inflation. 'The emergence of many local and regional brands in the beverage segment is also impacting sales of large companies," he said. Tata Consumer Products Ltd, which operates in the beverages segment with its glucose-based drink Gluco+ and Fruski, said volume growth of its ready to drink (RTD) business 'was impacted by unseasonal rain" in the June quarter. 'RTD business was impacted by unseasonal rains and recorded a moderate volume growth of 3 per cent," the Tata group FMCG arm said in its earnings statement. Similarly, home-grown FMCG major Dabur India said its consolidated revenue in the June quarter is expected to grow in low-single digits on account of a decline in beverages, which was impacted during the quarter due to unseasonal rainfall and a short summer. 'The beverage portfolio was impacted during the quarter due to unseasonal rains and short summer," Dabur said earlier this month in its quarterly updates. PTI KRH MJH TRB view comments First Published: July 27, 2025, 18:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Reuters
3 days ago
- Business
- Reuters
Coke bottles bitter US economic formula
NEW YORK, July 23 (Reuters Breakingviews) - Mexico is a frequent target of Donald Trump's ire, but he prefers the Coke sold there. After holding conversations with the president, Coca-Cola (KO.N), opens new tab unveiled plans to roll out a version of its signature soda using cane sugar, as it is sold south of the border, instead of corn syrup. Even setting aside the idea of the Oval Office occupant influencing one of the world's most successful recipes, it's a classic case of industrial policy gone awry. The $300 billion company has occasionally tinkered with the Coke formula over its 139-year lifespan, removing the cocaine, opens new tab that was originally included in 1903 and introducing a sweeter New Coke in 1985, which created a marketing disaster. After Coca-Cola and other carbonated beverage makers started using corn syrup for their U.S. products in the 1980s, the so-called Mexican Coke, bottled with purer sucrose, became a cultish find in supermarkets. Making it more widely available bubbles up a multitude of complications. Homegrown sugar – as Coca-Cola CEO James Quincey vowed to use – is pricey because the Department of Agriculture tightly controls production and limits imports. There have been levies on it since 1789, and the U.S. government started providing farmers with financing in 1981 to help underpin prices. It costs about 50% more today for domestic sugar than what's sold internationally, according to the Sweeteners Users Association trade group. There's also the matter of U.S. support for corn. It's the most subsidized crop in the country, with growers receiving some $3 billion of direct payments, insurance and loans from the government. The feed grain accounts for 30% of all U.S. agricultural assistance. Championing Coke with sugar muddles the various policy objectives while also inviting more imports from Mexico. Moreover, both ingredients contradict other White House positions. Although Trump guzzles Diet Coke, his Secretary of Health and Human Services Robert Kennedy has denounced high fructose corn syrup and sugar as poison and wants to prevent low-income Americans from buying soda with their food assistance money. These clashes over Coke's recipe mainly serve to accentuate distasteful U.S. economic formulas. Follow Jennifer Saba on Bluesky, opens new tab and LinkedIn, opens new tab. Coca-Cola said on July 22 that it plans to roll out a version of its signature soda sweetened with U.S. cane sugar instead of high-fructose corn syrup after President Donald Trump issued a statement on July 16 saying he had been discussing the idea with the company.
