Latest news with #Quincey
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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.
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
2 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.
Yahoo
5 days ago
- Business
- Yahoo
Coca-Cola hopes a major change will win back customers
Coca-Cola hopes a major change will win back customers originally appeared on TheStreet. Coca-Cola () is continuing to see a startling pattern in its sales as customers shift gears on their drink preferences. In the company's second-quarter earnings report for 2025, Coca-Cola revealed that while its operating income in the U.S. increased by 18% year-over-year during the quarter, concrete sales in the region remained flat and unit case volume declined by 1%. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 In the report, the company said that the decrease in unit case volume was mainly due to a 'decline in Trademark Coca-Cola.'During an earnings call on July 22, Coca-Cola CEO James Quincey said that the company's U.S. business is suffering from 'the continued uncertainty and pressure on some socioeconomic segments of consumers.' 'There's some pressure in those with lower incomes,' said Quincey. He said that Coca-Cola will continue to swiftly take action to reverse low sales, including doubling down on affordability. 'Our granular action plans to win back consumers with contextually relevant advertising, more focused value and affordability initiatives, and close customer partnerships are working,' he said. Coca-Cola confirms major change to beverages In addition to these initiatives, the company also confirmed that it will be going back to sweetening its Coke beverages with cane sugar to help attract health-conscious consumers. 'We're gonna be bringing a Coke, sweetened with U.S. cane sugar into the market this fall,' said Quincey. 'And I think that will be an enduring option for consumers.' He also indicated that Coca-Cola may experiment with using other sweetening options consumers may prefer for its beverages."Actually, we use cane sugar in a number of our other brands in the U.S. portfolio from lemonades to teas, some of the coffee stuff, some of the vitamin water drinks," said Quincey. "So that is blended into some of our other products, and so we are definitely looking to use the whole toolbox, the whole toolkit of available sweetening options to some extent where there are consumer preferences." Coca-Cola's announcement comes after President Donald Trump said in a July 1 post on Truth Social that he had a conversation with the company about making this change. 'I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so,' wrote Trump in the post. 'I'd like to thank all of those in authority at Coca-Cola. This will be a very good move by them — You'll see. It's just better!' Coca-Cola leans into changing consumer behavior Many Americans have gradually become more health-conscious about the food and beverages they consume, a trend that spiked in popularity amid the Covid pandemic in 2020. This has impacted the sales of many food and beverage giants. In the beverage industry specifically, the consumption of soft drinks and other sweetened beverages has been declining since the mid-1990s, according to a recent survey from financial services firm Lazard. The Lazard survey also revealed that many consumers are choosing to purchase natural, healthy beverages, which contain fewer ingredients and promise health benefits. Consumers are even less focused on the price of natural, healthy beverages, as 68% of the survey respondents claimed that the drinks' ingredients are a top concern and 67% said that they are concerned about the drinks being all natural. In 1984, Coca-Cola, like many of its competitors at the time, began rapidly increasing its use of high fructose corn syrup in its soft drinks in the U.S. More Retail: Costco quietly plans to offer a convenient service for customers T-Mobile pulls the plug on generous offer, angering customers AT&T makes generous offer to older customers While high fructose corn syrup, which is made from corn, is a less expensive alternative to sugar, it is linked to health issues such as obesity and fatty liver disease since the liver metabolizes fructose. Consumption of high fructose corn syrup is considered more risky to human health than cane sugar due to its higher levels of CRP/inflammation. So it is no surprise that consumers are straying away from beverages that contain this ingredient. Instead, new soda brands such as Olipop and Poppi have recently grown in popularity among consumers due to its healthier ingredients. During the earnings call, Quincey said Coca-Cola will always lean toward evolving consumer preferences. 'We're always, I don't think just us, but I think the industry, given its size, its attractiveness, and its growth potential, we're always looking for opportunities to innovate, and see where there's an intersection of new ideas and where consumer preferences are evolving towards,' said Quincey. 'Remembering that actually most innovations don't work in the long run, but I think it's a good sign that, including ourselves, are trying lots of different things.'Coca-Cola hopes a major change will win back customers first appeared on TheStreet on Jul 24, 2025 This story was originally reported by TheStreet on Jul 24, 2025, where it first appeared. Sign in to access your portfolio
Miami Herald
5 days ago
- Business
- Miami Herald
Coca-Cola hopes a major change will win back customers
Coca-Cola (KO) is continuing to see a startling pattern in its sales as customers shift gears on their drink preferences. In the company's second-quarter earnings report for 2025, Coca-Cola revealed that while its operating income in the U.S. increased by 18% year-over-year during the quarter, concrete sales in the region remained flat and unit case volume declined by 1%. Don't miss the move: Subscribe to TheStreet's free daily newsletter In the report, the company said that the decrease in unit case volume was mainly due to a "decline in Trademark Coca-Cola." Related: PepsiCo struggles to reverse concerning customer behavior During an earnings call on July 22, Coca-Cola CEO James Quincey said that the company's U.S. business is suffering from "the continued uncertainty and pressure on some socioeconomic segments of consumers." "There's some pressure in those with lower incomes," said Quincey. He said that Coca-Cola will continue to swiftly take action to reverse low sales, including doubling down on affordability. "Our granular action plans to win back consumers with contextually relevant advertising, more focused value and affordability initiatives, and close customer partnerships are working," he said. Image source:In addition to these initiatives, the company also confirmed that it will be going back to sweetening its Coke beverages with cane sugar to help attract health-conscious consumers. "We're gonna be bringing a Coke, sweetened with U.S. cane sugar into the market this fall," said Quincey. "And I think that will be an enduring option for consumers." He also indicated that Coca-Cola may experiment with using other sweetening options consumers may prefer for its beverages. Related: Coca-Cola suffers an alarming loss from major boycott "Actually, we use cane sugar in a number of our other brands in the U.S. portfolio from lemonades to teas, some of the coffee stuff, some of the vitamin water drinks," said Quincey. "So that is blended into some of our other products, and so we are definitely looking to use the whole toolbox, the whole toolkit of available sweetening options to some extent where there are consumer preferences." Coca-Cola's announcement comes after President Donald Trump said in a July 1 post on Truth Social that he had a conversation with the company about making this change. "I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so," wrote Trump in the post. "I'd like to thank all of those in authority at Coca-Cola. This will be a very good move by them - You'll see. It's just better!" Many Americans have gradually become more health-conscious about the food and beverages they consume, a trend that spiked in popularity amid the Covid pandemic in 2020. This has impacted the sales of many food and beverage giants. In the beverage industry specifically, the consumption of soft drinks and other sweetened beverages has been declining since the mid-1990s, according to a recent survey from financial services firm Lazard. The Lazard survey also revealed that many consumers are choosing to purchase natural, healthy beverages, which contain fewer ingredients and promise health benefits. Consumers are even less focused on the price of natural, healthy beverages, as 68% of the survey respondents claimed that the drinks' ingredients are a top concern and 67% said that they are concerned about the drinks being all natural. In 1984, Coca-Cola, like many of its competitors at the time, began rapidly increasing its use of high fructose corn syrup in its soft drinks in the U.S. More Retail: Costco quietly plans to offer a convenient service for customersT-Mobile pulls the plug on generous offer, angering customersAT&T makes generous offer to older customers While high fructose corn syrup, which is made from corn, is a less expensive alternative to sugar, it is linked to health issues such as obesity and fatty liver disease since the liver metabolizes fructose. Consumption of high fructose corn syrup is considered more risky to human health than cane sugar due to its higher levels of CRP/inflammation. So it is no surprise that consumers are straying away from beverages that contain this ingredient. Instead, new soda brands such as Olipop and Poppi have recently grown in popularity among consumers due to its healthier ingredients. During the earnings call, Quincey said Coca-Cola will always lean toward evolving consumer preferences. "We're always, I don't think just us, but I think the industry, given its size, its attractiveness, and its growth potential, we're always looking for opportunities to innovate, and see where there's an intersection of new ideas and where consumer preferences are evolving towards," said Quincey. "Remembering that actually most innovations don't work in the long run, but I think it's a good sign that, including ourselves, are trying lots of different things." Related: Sam's Club makes big change to products as customers switch gears The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
