Pakistan Aluminium Beverage Cans faring well, despite Coke and Pepsi boycotts

Pakistan Aluminium Beverage Cans Limited (PABC) ended the January-March quarter with net sales of Rs4.65 billion, barely 1% higher than the same period last year – but crucially, not lower.

In an environment where Coca-Cola Pakistan and bottler Pepsi-Cola International have posted mid-single-digit volume declines in the domestic market, holding the top line steady amounts to an out-performance. Western soda brands suffered a region-wide 7% sales slide in the first half of 2024 as boycott calls over the Israel–Gaza war spread across Muslim-majority countries, including Pakistan.

PABC’s ability to keep its order book full while its two biggest clients faced headwinds is the clearest sign yet that the can-maker’s diversification strategy is working.