Beverage major Coca-Cola on Tuesday said that India business witnessed volume decline in Q3 CY2025 due to “inclement weather” conditions but added that the market has huge potential for volume growth in the long-term.

The company also said in July it reached another milestone in the refranchising process in India with the sale of 40 per cent stake in Hindustan Coca-Cola Holding Pvt Ltd, the parent of company-owned bottler, Hindustan Coca-Cola Beverages, to Jubilant Bhartia Group. It said this move will unlock growth opportunities in India.

“In Asia-Pacific region, each of the operating units witnessed decline in volume, driven by softer consumer spending, weaker industry performance and inclement weather in a few markets, like India and the Philippines; however, we gained value share and

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