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

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

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, ...

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