Thai Beverage Makers Look to Warm Weather to Revive Earnings

For Thai beverage companies, summer can’t come fast enough. After a year of weak consumer sentiment weighing on earnings, warmer days are expected to boost the bottom lines of tea and energy drink makers.

Major Thai beverage players endured profit pressures through much of 2025. Osotspa PCL, Carabao Group PCL and Ichitan Group PCL saw quarterly earnings growth in the first nine months of last year decline sequentially, while expansion in the fourth quarter is expected to be muted, according to consensus estimates compiled by Bloomberg.