Embotelladora Andina

Pricing is set within Coca‑Cola system frameworks and is supported by revenue management, pack/price architecture and returnable formats. Q2 2026 showed consolidated net sales up 11% with adjusted EBITDA margin expansion of 85 bps, indicating healthy price/mix and cost control.

In inflationary markets Andina has demonstrated frequent pricing and mix actions, though affordability constraints and sugar‑tax debates cap latent pricing. Concentrate costs are formula‑linked to retail pricing, and sugar/resin can swing input costs.

Net, pricing power is good but not unconstrained; we expect steady real price/mix aided by premium adjacencies (energy, low/no sugar, stills) and digital RM, with the caveat of regulator and affordability pressure.