Coca Cola update shows 1.6% group volume growth in Q1 2026

Coca Cola Europacific Partners reported 1.6% group volume growth in its Q1 2026 trading update, with Europe up 1.4% and APS up 1.9% on a comparable basis. Damian Gammell said the quarter also reflected category shifts, including double-digit energy growth and weaker RTD tea and coffee sales.

Energy rose 21.3% and increased share by 250bps, while Zero Sugar grew 10%, Water climbed 3.9% and Sports gained 5.9%. RTD Tea & Coffee fell 8.2%, Original Taste declined 3.2%, and Fanta was broadly flat.

Damian Gammell Q1 2026

The trading update covered a quarter in which the company said volume was reported on a comparable basis and included six additional consumption days versus the comparative period. That leaves the headline volume gain looking stronger than a simple one-quarter comparison might suggest, especially as the business itself said the figures were shaped by the calendar.

Gammell pointed to product mix as the clearer read-through for the period. Coca-Cola Europacific Partners said Original Taste fell even as Zero Sugar, Sprite, Water and Sports all grew, showing that the quarter was not a broad uniform lift across every line.

Australia and New Zealand

The company also said ARTD momentum continued in Q1 2026, with new spiced rum Bacardi & Coke in Australia and Great Britain, Absolut Sprite Pineapple, and new sleek cans for JD & Coke in Great Britain. That progress came alongside the exit of Suntory alcohol distribution in Australia and New Zealand, which the company said affected the quarter as previously announced.

For readers tracking the business, the practical takeaway is that Coca-Cola Europacific Partners is growing fastest where energy and zero-sugar drinks are gaining share, while RTD tea and coffee remain under pressure. The quarter now gives investors and competitors a clean first look at which categories are carrying the business and which ones are still dragging on it.