, Singapore

ThaiBev's non-alcoholic beverage sales plunged 27.6%

Is it losing its fizz against rival Pepsi?

According to DBS, sales for Thai Bev's non-alcoholic beverage dropped by 27.6% q-o-q, partly attributed to the low season (rainy season) and keen competition.

Here's more:

It was indicated that Pepsi continues on its aggressive distribution drive after it re-entered the market earlier in 1Q this year. Management estimates that its market share for est cola is currently at c.15%, and will be looking to maintain it around this level, down from its previous 20% target. 

The decline in revenue of its Beer and NAB segments were larger than expected, dropping by 8.5% and 51.7% respectively. Beer volumes dipped by a larger than expected 14% y-o-y and 22% q-o-q as a result of higher ASP arising from the introduction of new excise tax computation.
 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.