Pepsico

Coke, Pepsi set to battle Campa with ₹10 no-sugar drinks in key markets

Coca-Cola and PepsiCo have launched ₹10 packs for their diet and light beverages, including Thums Up X Force, Coke Zero, Sprite Zero, and Pepsi No-Sugar

PepsiCo acquires prebiotic soda brand Poppi in $1.95 billion deal

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 nears $1.5 billion deal to acquire healthy soda brand Poppi

PepsiCo had planned to launch its own so-called functional soda under the brand Soulboost, but decided to scrap that effort because of early indicators it wouldn't succeed

PepsiCo plans to double India revenue in 5 yrs, invest in boosting capacity

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 ...

Pepsi hits back with 'Any Time' against Coca-Cola's 'Half Time' ad campaign

Industry experts believe that the revival of a cola ad war lacks the creative spark of earlier advertisements

NCLAT condones delay in PepsiCo insolvency plea, to list for hearing

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

Varun Beverages down 6%, at 52-wk low after Q4: Should you buy, sell, hold?

Varun Beverages recommended a final dividend of Rs 0.50 per share. The 'Record Date' is yet to be fixed by the Board of Directors of the Company

PepsiCo records double-digit organic revenue growth in India in 2024

India posted a double-digit volume growth in both the convenient foods category and the beverages category

PepsiCo forecasts weak annual profit as soda, snacks demand slows

Shares of the company fell 2% in premarket trading

CM Naidu pitches Visakhapatnam for Google's chip centre, green energy hub

Andhra Pradesh Chief Minister N Chandrababu Naidu on Wednesday requested tech powerhouse Google to consider Visakhapatnam as a probable chip design and manufacture centre. With Google ramping up its chip production for server operations, Naidu, during the World Economic Forum (WEF) in Davos, Switzerland, pitched the port city as an ideal location for the company to set up a chip design centre. "Naidu requested Google Cloud CEO Thomas Kurian to explore opportunities in Visakhapatnam for a chip design centre, as Google is now manufacturing its chips for server operations," an official release stated. The CM also appealed to Kurian to establish a chip manufacturing unit in the state, integrating it into the Google Cloud server supply chain, and expressed his desire for Andhra Pradesh to become a hub for Google's server operations. "Had an engaging discussion with Thomas Kurian, CEO of Google Cloud, and Andre Nakazawa, ManagerInternational Organisation at Google. We explored the latest

PepsiCo partners with Tata's Ching's Secret to launch new Kurkure flavour

The flavour is available at three price points of Rs 5, Rs 10 and Rs 20 across India

US lawsuit accuses Pepsi of favouring Walmart over smaller stores

The Federal Trade Commission sued PepsiCo on Friday, alleging that it has engaged in illegal price discrimination by giving unfair price advantages to one big-box retailer at the expense of other vendors and consumers. The benefiting customer wasn't named in an FTC statement about the lawsuit. But a source familiar with the case, who asked not to be named because they were not authorised to it, said the retailer was Walmart. PepsiCo said the lawsuit is wrong on the facts and the law and misunderstands the way consumer product companies help retailers provide lower prices. PepsiCo strongly disputes the FTC's allegations, and the partisan manner in which the suit was filed. We will vigorously present our case in court, the company said in a statement. The FTC said PepsiCo's practices included making promotional payments to Walmart but not to large grocery chains or independent convenience stores. The FTC said that allows Walmart to lower its prices, but forces Americans to pay inflat

US FTC files case against PepsiCo over exclusive discounts to Walmart

The practices fed high consumer prices by placing at a disadvantage other retailers, from large grocery chains to independent convenience stores, the FTC said

PepsiCo eyes stake in Haldiram: Rs 90,000 cr valuation sparks competition

Haldiram's Rs 90,000 crore valuation has sparked a race among investors, including PepsiCo, Temasek, and others, aiming to capitalise on India's booming ethnic snacks market

PepsiCo beats New York state's lawsuit over single-use plastics pollution

James sued PepsiCo and its Frito-Lay unit last November, seeking to hold them liable for endangering Buffalo's water supply by generating 17% of the plastic waste found in and near the Buffalo River

PepsiCo closing 4 US bottling plants, cutting 400 jobs to streamline ops

PepsiCo said Wednesday it plans to close four US bottling plants and lay off nearly 400 workers as part of its efforts to streamline its operations. The company said the closures will impact 136 workers in Cincinnati; 131 in Chicago; 127 in Harrisburg, Pennsylvania; and fewer than 50 in Atlanta. The Chicago plant is the only one that will fully close. PepsiCo confirmed that closure earlier this week. The company said sales, delivery and warehouse functions will continue at the other three locations. Earlier this month, PepsiCo lowered its sales forecast for the year as consumers in the US, China and elsewhere pulled back on buying its drinks and snacks after years of price hikes. PepsiCo's North American beverage sales fell 3 per cent in both the second and third quarters of this year. PepsiCo's net income fell 5 per cent to USD 2.9 billion in the July-September period. The company has repeatedly said it is sharply focused on efficiency and productivity gains. PepsiCo, which is ba

PepsiCo, Coca-Cola eye budget soft drinks to compete with Reliance's Campa

PepsiCo and Coca-Cola plan to launch budget-friendly soft drinks, known as B-brands, to safeguard the premium status of their flagship products and preserve profit margins

Pepsi, Coke bottlers face can, sugar shortage in West Bank; prices soar

Sugar and cans previously were transported to West Bank bottlers from Jordan via the bridge, which has been closed for quite some time now

Beverage major PepsiCo sees double-digit organic revenue growth in India

In the AMESA (Africa, Middle east, South Asia) region the company's convenient foods unit volume declined 3 per cent in the 12 weeks ended September 7

PepsiCo cuts sales forecast as customers limit spending on snacks, sodas

The packaged food giant now expects fiscal 2024 organic sales to grow in a low single-digit range. It had previously forecast a 4 per cent rise