PepsiCo India's cola and potato chips biz post double-digit growth in Q1

Packaged snacks and beverages major PepsiCo India reported double-digit volume growth during the March-May period.

The maker of Lays potato chips and Pepsi Cola grew both its businesses by double digits, the company informed the Nasdaq Stock Exchange on Tuesday. 

The growth comes on a low base as last year sales of discretionary items like aerated drinks were hit badly.

Its net revenue from the Africa, Middle East, South Asia (AMESA) division under which India comes, was at $1.6 billion, up 62.97 per cent YOY against $0.98 billion.