Coca-Cola
Limca Unveils Punjab Special Can Collectible
Coca-Cola India's Limca brand debuted a limited-edition collectible, its first Punjab Special Can, shaped by the concept "One State, One Can: Crafted for Collection" to spotlight Punjab's heritage and traditions. An Instagram activation fronted by Bollywood actor Ananya Panday invites artists and creators to post their own takes on the state's landmarks and daily life. The can is now available across the state.
Coca-Cola Lifts Marketing Spend As Revenue Climbs
Coca-Cola's Q3 2026 revenue represented a 7% year-over-year gain, while operating income climbed 12%. SG&A costs rose about 10%, attributed to higher marketing spend. Reported operating margin widened from 32% to 33.4%, although underlying margin gained just 21 basis points. Gross margin climbed to 63.2% from 61.5%. Revenue in Latin America was up 25%, outpacing 3% growth in North America and 4% across Europe, the Middle East, and Africa.
Danone
Danone Posts Higher Sales As Prices Rise
Danone posted Q3 organic sales growth of 4%, even though its Mizone water brand lost ground in China due to destocking. Prices increased 3.6% and volumes 0.4%. CEO Antoine de Saint-Affrique said the firm repeats its guidance "with confidence." Asia Pacific sales climbed 3.6% and Americas sales rose 4.4% on high-protein dairy.
Nestle
Nestle Nigeria Plans To Sell Beverages Unit
Nestlé Nigeria is pursuing regulatory and shareholder sign-off to move its water and premium-beverage arm, potentially including Milo and Nescafé, into a new joint venture called Peranel, split evenly between Nestlé S.A. and Platinum Equity. Clearance is still pending from Nigeria's Securities and Exchange Commission and the Federal Competition and Consumer Protection Commission, as well as shareholders.
Nongfu Spring
Nongfu Spring Gains Ground On Coca-Cola, Pepsi
Brand Finance's Top 50 Non-Alcoholic Drinks 2026 report kept Coca-Cola and Pepsi at the top of the rankings at $46.1 billion and $16.8 billion, respectively. Nongfu Spring climbed 38% to $15.3 billion and passed Coca-Cola on brand strength with an 89.8 score. Coca-Cola's value slipped about $243 million and Pepsi's $5.74 billion year over year. Nongfu Spring’s Brand Finance Director, said “Beyond its financial performance, Nongfu Spring has also overtaken Coca-Cola in terms of brand strength to become the strongest non-alcoholic drink brand in 2026.”
Other Companies
Dutch Mill Enters Kombucha Market With Bioocha
Thailand's Dutch Mill Group pushed into fermented beverages with Bioocha, a kombucha-style drink brewed from Oolong tea left to ferment for a week with SCOBY, a bacteria and yeast culture. Original and Lychee flavors in 400ml PET bottles are in participating 7-Eleven stores nationwide.
Arla Debuts Whey-Based Protein Water In Denmark
Arla Foods’ new Arla Protein Water is a whey-based bottled drink in Denmark, selling first through petrol stations and gyms. Every 500ml bottle carries 12g of milk-derived whey protein and electrolytes, with no added sugar and just 50 calories. Country director Henrik Lilballe Hansen said protein "has become part of many consumers' daily choices."
Accra Brewery Launches Wild Root RTD Drink
Ghana's Accra Brewery PLC introduced Wild Root, an RTD beverage that joins the country's expanding herbal category with natural African herb and fruit notes such as Oakwood, Bitter Orange and Gentian. Country marketing lead Vanessa Kavi said months of teamwork across partners shaped a brand reflecting everyday Ghanaian aspirations. Marketed under the theme "Grab Original Roots," the campaign invites consumers to reconnect with the values behind their own journeys.
Sido Muncul Debuts AYUE Collagen RTD Drinks
Indonesia's Sido Muncul introduced three AYUE drinks built around collagen, putting the ingredient into a RTD format carrying either 500mg or 1,000mg of collagen tripeptide per can. Matcha Latte offers the higher dose with a calcium claim, Strawberry Apple pairs the lower dose with fiber and seven vitamins, and Strawberry Milk carries the higher dose plus calcium. Each 220ml can holds 4g of sugar, sweetened through sugar, trehalose and sucralose. AYUE skips beauty messaging on the pack.
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