Driven by robust volume growth in its snacks and beverage businesses in developing markets like India, US-based PepsiCo today posted a 13 per cent growth in net income at $1.4 billion (Rs 6,230 crore) for the first quarter of 2010.
The company had a net income of $1.1 billion (Rs 4,900 crore) in the year-ago period. Its net revenue grew by 13 per cent to $9.3 billion(Rs 41,385 crore) against $8.2 billion (Rs 36,490 crore) recorded in the first quarter last year.
“Our macrosnacks business gained share in key markets and we posted solid performance in beverages growth in developing markets and improving top-line trends in North America,” PepsiCo Chairman and CEO Indra Nooyi said in a statement.
