DELTA CORPORATION (Delta)’s sparkling beverages segment recorded a 16 percent slump in sales volumes during the third quarter ended December 31, 2024 as the sugar tax induced price increases weakened its competitiveness against imports from the region.The sugar tax, introduced at the start of last year as part of the government’s effort to expand its…
Sugar tax sinks Delta’s sparkling beverages volumes
“The relative exchange rate stability and improved power availability towards the end of the period enabled stocking and improvement in product availability in the battery segment,” the group said in its first quarter trading update.