Beverages – Financials & Economy

ThaiBev’s spirits and food businesses recorded growth, while beer and non-alcoholic beverage revenue declined amid currency effects and softer Thai market conditions.

Master Kong’s ready-to-drink tea and instant noodle businesses recorded higher margins as the company expanded product innovation and sustainability initiatives.

The Penfolds owner will reduce vineyard production, write down US inventory and review its Americas portfolio as it seeks to improve future returns.

Suntory’s alcohol business saw strong momentum in India, led by Oaksmith, while weaker US distributor demand and inventory optimisation weighed on Americas performance.

KDP’s refreshment beverages and international businesses delivered strong growth, while weaker US coffee performance remained a drag on profitability during the quarter.