Coke sales hit by heavy monsoons in India

Coca-Cola said heavy monsoons in several states in India hurt its beverage sales in the country in the third quarter ended September 27. The US-based beverage giant, however, forecasted a revival in the coming months.

"India had a particularly heavy monsoon in several states, which impacted volume growth in the country," said James Quincey, global CEO, in a post-earnings investor call. He did not elaborate on the company's sales performance in India last quarter. Coca-Cola's unit volume case sales declined 2% in Asia-Pacific region last quarter.