The company confirmed that Coca-Cola Zero Zero, its zero sugar, zero calories and zero caffeine offering, is being extended to markets across Asia Pacific and Latin America
The Coca-Cola Company has reported a 7 per cent year-on-year (YoY) uptick in its net revenues in the second quarter of the current year, which rose to USD 13.4 billion. The company’s global unit case volume grew 5 per cent, led by India, China, the United States and Brazil.
The financial results of the company showed that organic revenues (non-gaap) grew 6 per cent, driven by a 4 per cent increase in concentrate sales and 2 per cent growth in price/mix. Concentrate sales were 1 point behind unit case volume due to the timing of concentrate shipments. The company’s operating margin was 34.9 per cent versus 34.1 per cent during the same period.
The company gained value share in total non-alcoholic ready-to-drink (NARTD) beverages. Earnings per share (EPS) grew 16 per cent to USD 1.03 and comparable EPS (non-gaap) grew 11 per cent to USD 0.97, the company said in an official statement.
“We delivered another strong quarter by staying close to the changing needs of our consumers and customers. While we continue to see a dynamic consumer landscape, we leveraged our powerful brands and system to gain value share, delivering revenue, profit and earnings growth while also investing for the long term,” stated Henrique Braun, Chief Executive Officer, The Coca-Cola Company.
India Drives Asia Pacific Unit Case Volume Growth
In the Asia Pacific region, unit case volume grew 8 per cent, primarily driven by growth in sparkling flavours and trademark Coca-Cola. On the bottling investments front, unit case volume grew 5 per cent, largely due to growth in India.
Price/mix declined 9 per cent in the region, primarily driven by unfavourable mix and affordability initiatives. Concentrate sales were 3 points ahead of unit case volume due to the timing of concentrate shipments. Operating income grew 1 per cent during the same period. The company lost value share in total NARTD beverages, as gains in Japan and China were more than offset by a loss in India.
The company confirmed that Coca-Cola Zero Zero, its zero sugar, zero calories and zero caffeine offering, is being extended to markets across Asia Pacific and Latin America following strong results and consumer reception in Europe.
At the group level, sparkling soft drinks grew 4 per cent. Trademark Coca-Cola grew 5 per cent, driven by growth across all geographic operating segments. Coca-Cola Zero Sugar grew 16 per cent, driven by growth across all geographic operating segments. Diet Coke/Coca-Cola Light grew 7 per cent, led by growth in North America and Asia Pacific. Sparkling flavours grew 4 per cent.
Juice, value-added dairy and plant-based beverages grew 2 per cent, mainly driven by growth in Asia Pacific and North America. The company said that water, sports, coffee and tea segments grew 6 per cent.
Impact Of Fifa World Cup
By combining global scale with local execution, the company’s Fifa World Cup 2026 campaign contributed to a portion of both 5 per cent volume growth for trademark Coca‑Cola and 8 per cent volume growth for Powerade during the quarter.
Experiential activations, customer partnerships and retail programs spanning more than 20 million retail outlets also built consumer connections. Digital and social activations generated more than 60 billion impressions and over 9 billion views, supported by more than 2,500 content creators.
The company has raised its full-year growth forecast. It now expects its organic revenues (non-gaap) to grow 5 per cent in 2026, up from the prior forecast of 4 to 5 per cent growth. It also expects the comparable EPS (non-gaap) to clock 9 to 10 per cent growth, up from an earlier estimate of 8 to 9 per cent growth.
