We are re-engineering our costs: D Shivakumar, chairman & CEO, PepsiCo

PepsiCo is focusing on health and nutrition drinks through Tropicana and Quaker in India

As sales of cola drinks suffer, beverages major PepsiCo India Holding’s financials have been under pressure. During FY16, its net loss widened to Rs 538 crore from Rs 177 crore a year ago and revenue fell by 18 per cent to Rs 6,626 crore. The Indian arm of New York-based cola giant is effecting a lot of changes, starting from its product offerings to its communications strategy. D Shivakumar, chairman and chief executive officer (CEO) of PepsiCo in India shares his views with Arnab Dutta. Edited Excerpts:

PepsiCo’s global CEO Indra Nooyi announced recently that the firm will transform its portfolio