India Coca-Cola Bottler Weighs Hikes on Packaging Costs
SLMG Beverages warns that rising packaging costs from the Middle East conflict could lead to price hikes. The firm plans to review its pricing strategy in April.
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SLMG Beverages, the primary bottling partner for Coca-Cola in India, is contemplating price adjustments as geopolitical tensions in the Middle East drive up the cost of essential packaging materials. The ongoing conflict has increased expenses for plastic bottles, caps, labels, and cardboard. While some competitors in the packaged water sector have already implemented price hikes, SLMG is monitoring the situation closely.
Rahul Kumar, the deputy CEO of SLMG, indicated that any changes would depend on consumer reactions and the strategies of rival firms.
