News

Delta Corp warns of consumer woes as beer volumes drop

Most popular

Why Diageo is winning the Tequila race

Will Diageo earn its gin wings with Aviation?

Anheuser-Busch InBev in 2020 - results preview

Spirits brand owners and their green efforts

Interview - Eminente rum brand director

MORE

Zimbabwe brewer Delta Corp has blamed “significant pressure” on disposable incomes as beer volumes continue to plunge.

In a trading update yesterday, the company, which is part owned by SABMiller, said lager volumes fell by 29% in the three months to the end of September and by 25% in the six months to the same date.

In April, the company said volumes were down 26% in the three months to the end of March and 18% for the full fiscal year.

“The general economic performance remains depressed,” said the company, which is due to release first-half results on 13 November. Delta added that a 2012 tax increase “has continued to limit the affordability of our products”.

Overall beverage volumes were down 3% and 1% for the quarter and half year respectively as increased demand for sorghum beer offset lager beer performance. The rollout of Chibuka Super helped drive sorghum beer volumes up by 12% in the quarter and by 14% for the half year, Delta said. 

Soft drinks volumes fell by 8% in the quarter and 6% in the half year.

Overall company sales were down 4% for the six months, “reflecting the notable changes in sales and product mix”, said Delta, which also operates agri-business units.

SABMiller today reported a rise in first-half sales, but its Q2 performance was dragged down by China and Australia.


Related Content

Kirin Holdings predicts tax-relief boost for Japan beer volumes after tough 2020

Kirin Holdings predicts tax-relief boost for Japan beer volumes after tough 2020...

Brand Heineken up 7% as group volumes almost flat in Q3 - results data

Brand Heineken up 7% as group volumes almost flat in Q3 - results data...

Fourth-quarter volumes knock dents Coca-Cola HBC recovery - results data

Fourth-quarter volumes knock dents Coca-Cola HBC recovery - results data...

Coca-Cola European Partners Q1 2020 - Sales dip 4%, volumes plunge as COVID-19 hits Europe - results data

Coca-Cola European Partners Q1 2020 - Sales dip 4%, volumes plunge as COVID-19 hits Europe - results...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?