Coca-Cola İçecek reports 7.8 billion lira third-quarter profit

Coca-Cola İçecek reported 7.8 billion lira in net profit for the third quarter of 2026, 16.4% less than a year earlier.

The Turkish drinks company’s revenue was 68.4 billion lira, below market expectations, while its net profit matched expectations.

Sales volumes rose 8.3% to 516 million cases, with growth led by Pakistan and Uzbekistan; volumes in Türkiye fell slightly.

International operations made up 66.9% of sales volume, up from 63.7% a year earlier.

Operating profitability weakened, as gross profit and earnings before interest, tax, depreciation and amortisation both fell, although international operations’ earnings before interest, tax, depreciation and amortisation increased.

The company lowered its net debt-to-earnings ratio to 0.29, from 0.77 at the end of 2025.

It raised its international volume growth outlook to a low double-digit rate for 2026, while expecting high single-digit growth in consolidated sales volumes and flat volumes in Türkiye.