According to CFO John Murphy, Coca-Cola experienced a decline in its market share within India during the second quarter. This drop follows supply chain issues for aluminium cans caused by the conflict in the Middle East, which led to a shortage of Diet Coke and sparked a surge in demand known as "Diet Coke parties." As previously reported by Reuters, the company also raised the price of canned Diet Coke in India by over 10%.
by shortkt.com✓