Covid-19 second wave taking fizz out of Coca Cola, PepsiCo biz: Crisil
Despite some claw-back after an estimated decline by a fifth last fiscal, the revenue of India's non-alcoholic beverages industry will still be 10% short of the fiscal 2020 mark, Crisil said
Vidya S | May 21, 2021 | Updated 16:15 IST
Pepsi, Coca-Cola and other soft drink businesses are unlikely to bounce back to pre-pandemic levels in the current financial year with the second wave of the coronavirus infections in the country suppressing their revenue by 10% compared to 2019-20, according to a report by credit ratings agency Crisil released on Friday.
Despite some claw-back after an estimated decline by a fifth last fiscal, the revenue of India's non-alcoholic beverages industry will still be 10% short of the fiscal 2020 mark, the agency said.