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PepsiCo India on Wednesday said it has expanded its snacking portfolio in the country with the launch of Red Rock Deli -- a gourmet chips brand. Born in Australia and recognised worldwide for its gourmet-style chips, the brand enters the market with globally inspired exotic flavours now made and manufactured in India for Indian palates, the company said in a statement. Made with sunflower oil and created using three distinct advanced technologies -- Kettle Cooked, Baked and Popped -- the range blends exotic and globally inspired flavours to offer an elevated snacking experience, it added. The brand's arrival comes at a time when India's snacking landscape is undergoing a marked transformation, the company said. "Today's urban consumers are seeking premium, chef-inspired snacks that feel both elevated and accessible. Introducing the brand in India is catering to this consumer shift toward richer textures, bolder ingredients, for intentional snacking moments," Saakshi Verma Menon, Ch
Food & beverage major PepsiCo has entered the millet-based snacking category, as it has extended its popular snack brand Kurkure in this segment. With Kurkure Jowar Puffs, PepsiCo joins the other FMCG companies, which have entered India's millet-based snacking category. India's food culture is evolving, with consumers rediscovering traditional ingredients, seeking mindful snacking options, and embracing homegrown brands that strengthen local communities and the economy, PepsiCo said, adding that Jowar is a time-honoured grain, which is deeply rooted in India's agricultural heritage. "These shifts, combined with the growing spotlight on millets, present a unique opportunity for PepsiCo India to reimagine heritage grains for today's generation," said PepsiCo. Kurkure, a brand which was born in India in 1999 and later extended to other countries by PepsiCo, has used deep consumer understanding in the development of Jowar Puffs. With this, several FMCG companies, including ITC, ...
PepsiCo said Monday it's acquiring the prebiotic soda brand Poppi for USD 1.95 billion. The acquisition gives PepsiCo a fast-growing brand in the popular functional beverage category. More than ever, consumers are looking for convenient and great-tasting options that fit their lifestyles and respond to their growing interest in health and wellness, PepsiCo Chairman and CEO Ramon Laguarta said in a statement. PepsiCo said the transaction includes USD 300 million of anticipated cash benefits, bringing the net purchase price to USD 1.65 billion. Allison Ellsworth, the co-founder of Austin, Texas-based Poppi, said the combination with PepsiCo will expand Poppi's reach. We can't wait to begin this next chapter with PepsiCo to bring our soda to more people and I know they will honor what makes Poppi so special while supporting our next phase of growth and innovation, Ellsworth said in a statement. Ellsworth developed Poppi then known as Mother Beverage -- in her kitchen in 2015 becau
PepsiCo aims to double its revenue in India over the next five years, viewing the country as a 'key anchor market' where it is making "aggressive" investments to expand its capacity, its India & South Asia CEO Jagrut Kotecha said. India will be the "engine of growth for PepsiCo" in driving its global revenue, as it ranks among the top three markets for the food, snack, and beverage multinational, where the company is experiencing double-digit growth, Kotecha shared in an exclusive interview with PTI. PepsiCo has invested in greenfield plants in Uttar Pradesh and Assam, focusing on staying ahead of the demand curve, Kotecha said, adding the company will not be "investment shy" in India and plans to open two more facilities, including one in the southern region. "We believe India will be the engine of growth for PepsiCo to drive the top line. Yes, it's not as big as North America because it is a lot more evolved category. Our per capita consumption in India is still very low, not ...
The National Company Law Appellate Tribunal (NCLAT) on Monday condoned the delay over a plea to initiate an insolvency petition filed against food & beverage major PepsiCo India Holdings by one of its operational creditors and directed to list for hearings before a bench. The Registrar of the appellate tribunal has condoned the delay of six days in re-filing the Memo of Appeal against the orders of the Chandigarh bench of the National Company Law Tribunal, which had rejected SNJ Synthetics's plea. Under the Insolvency and Bankruptcy Code (IBC), a person aggrieved by an NCLT order can challenge it before the appellate tribunal NCLAT by filing an appeal within 30 days from the date of receiving the NCLT order. "Considering the submissions made on behalf of the appellant and for the reasons mentioned in the IA, which are sufficient, the delay of 06 days in re-filing the Memo of Appeal is hereby condoned. As prayed, list the case before the Bench under the heading for admission (fresh