Shares in Cola-Cola Amatil have fizzled following news Woolworths will pull all but two of the beverage giant's Mount Franklin water products from shelves.

Woolies will only stock the two most popular Mount Franklin products - 20 and six packs - from August, and single bottles will still be available at the front of stores.

But the rest of the Mount Franklin range will go, with the supermarket giant citing a 20 per cent growth in bottled water sales as the driving factor behind the move.

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