Farai Mabeza, Senior Staff Writer 
DELTA Corporation’s half year volume growth mirrored the prevailing trend in the local consumer sector, which has seen consumers trading upwards given recovering liquidity ― albeit from a low base, equity research firm IH Securities has said.
The beverages maker recently reported an average volume growth of over 64 percent across all its major units.
IH attributes rising consumer spend to increased production in the local mining and agriculture sectors, as well as easing of the Covid-19 lockdowns during the period under review. With recent acquisitions completed as well as the consolidation of African Distillers Limited (Afdis), Delta is now a fundamentally larger business and IH believes the company is well positioned to take advantage of any positive economic rebound.
“Barring a fourth wave, 2022 should see an improvement on the supply side as restrictions have relaxed locally and better agricultural output positively impacts sourcing and pricing of raw materials.
“The above average agro-season and the relatively stable local currency will also positively impact consumer liquidity on the demand side,” the firm said in a note last week.
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