PepsiCo Q2 net income up 18% at $1.9 bn

Global soft drinks and snacks major PepsiCo today posted an 18% increase in its net income to $1.9 billion in the three months ended June 6, 2011, driven by good growth across its product portfolio.

"Our global portfolio in both snacks and beverages is growing in volume and net revenue, our global snacks portfolio, in particular, posted another strong quarter with balanced top and bottom line growth," Pepsico Chairman and CEO Indra Nooyi said in a statement.

During the period under review, the company's net revenue stood at $16.8 billion, recording an increase of 14% from $14.8 billion posted in the corresponding period last year.

While worldwide snacks volume increased 10%, beverage volume increased 5% mainly led by growth in emerging markets, the company said.

"We continue to enjoy robust top-line growth in key emerging markets," Nooyi added.

The company said snacks category grew double digits in the Middle East, India, China and Thailand while beverage growth was driven by double-digit gains in India and China.

The company sells soft drinks and snacks under the brands Pepsi and Lays among others.