PepsiCo India logs ₹1,172 cr PBT for CY 2024, revenues at ₹8,877 cr

Company says it faced 'challenging external environment' as urban consumption slowed down and there were inflationary pressures

PepsiCo India’s profit before tax for 2024 (calendar year) stood at Rs 1,172 crore and revenue came in at Rs 8,877 crore, it said in a statement.

 

The numbers are not comparable to the previous year’s filings, which were reported for a nine-month period following a change to align with the parent company’s financial reporting structure.

 

“Over the past 12 months, the FMCG industry in India has shown remarkable resilience in the face of a challenging external environment, where it witnessed a slowdown in urban consumption along with inflationary pressures. In this context, PepsiCo India’s strong performance in 2024 across food and beverage categories is a testament to its dynamic marketing, marketplace execution, and consumer-centric innovation,” said Jagrut Kotecha, chief executive officer of PepsiCo India & South Asia, in the statement.

 

“None of this would’ve been possible were it not for the incredible talent & teams that we have worked at building and nurturing, and I am confident that this has set us up to deliver on our bold growth ambition over the next five years. Even as we delivered on our growth targets in 2024, we ensured an equally robust progress on our sustainability agenda, with milestone achievements in impacting farmer livelihoods, increasing acreage under regenerative agriculture as well as deepening our focus on the circular economy and managing waste in a responsible manner.” 

 

The company delivered on the “triple agenda of performance, people and planet” in 2024, and looks to repeat this performance, he said.

 

Kaushik Mitra, vice-president and chief financial officer of PepsiCo India and South Asia, said PepsiCo India is focused on driving consistent and profitable growth.

 

“Our performance from January-December 2024, with revenues of Rs 8,877 crore supported by Rs 1,172 crore of profit before tax, reflects the strength of our portfolio, operational discipline, and consumer trust in our brands. While these figures are not directly comparable year-on-year due to the shift in our financial reporting calendar, the significant improvement in our Profit margins over the last three reporting periods underscores the strength of our business model and our momentum in the market,” said Mitra.

 

After announcing results for the first quarter of 2025, PepsiCo said its international beverage business performed well and delivered 11 per cent organic revenue growth driven by performance in India, China, Egypt, Turkey, Mexico, Brazil, the UK and Australia.

 

International convenient foods business delivered 2 per cent organic revenue growth driven by India, Brazil, Egypt and Turkey.