Covid-related restrictions in India a drag on Coca-Colaࢀ™s overall Q3 Asia-Pac volumes

The beverage maker said it would not provide a detailed full year 2020 financial outlook given the uncertainty surrounding the coronavirus pandemic . The maker of Coke and Thums Up soft drinks and Minute Maid juices said while sales are inching back toward normal, ࢀœa resurgent virus could continue to muddle near-term resultsࢀ. While the Indian government began gradually unlocking since June, localised state-wise lockdowns continued to impact business in restaurants, malls and airlines, which resulted in significantly impacting out-of-home consumption. Out-of-home consumption accounts for 80% of sales of the soft-drink industryࢀ™s annual sales of over Rs 20,000 crore. It…