Second wave flattens the fizz for Coca-Cola, PepsiCo: Crisil

Second wave flattens the fizz for Coca-Cola, PepsiCo: Crisil

This is the second year in a row that soft drinks are facing a washout in peak April-June quarter. Last fiscal, a strict nationwide lockdown and subsequent restrictions over April-September severely affected peak season demand as summer months alone account for two-thirds of annual cola sales.

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