Page 2 - Pepsico India

Burger King likely to sign deal with Coca-Cola; may end tie-up with Pepsi

Executives said that the deal will be formalised and announced by the end of next quarter

PepsiCo India remains optimistic in foods amid stress in rural sector

Speaking of inflationary pressures, Bhasin said that the company's focus has been on protecting consumer value and efficiencies in the packet

PepsiCo India to invest Rs 778 cr for new manufacturing plant in Assam

The company aims to provide direct and indirect employment opportunities to 500 people with this new plant

PepsiCo India joins ONDC Network to expand retail reach: Ahmed ElSheikh

PepsiCo's consumer portfolio in India includes Pepsi, 7UP, Mountain Dew, among beverages and food including Lay's, Kurkure, Doritos, and Quaker Oats

PepsiCo India reports multi-fold rise of Rs 268 cr in FY23 profit

Food and beverages major Pepsico India Holdings Pvt Ltd reported a multi-fold rise in consolidated profit at Rs 267.80 crore in 2022-23 fiscal, according to financial data accessed by business intelligence platform Tofler. The company's revenue from sale of products and services was up 28.47 per cent to Rs 8,127.07 crore during the year, it said. The company -- which is not a listed entity -- had reported a profit of Rs 41.63 crore and sales worth Rs 6,325.70 crore in 2021-22. Pepsico India Holdings Pvt Ltd's other income increased 20 per cent to Rs 98.83 crore in 2022-23 (FY23). The total revenue of the company, which owns popular brands such as Pepsi, Lay's, Kurkure, and Tropicana, rose 28.35 per cent to Rs 8,302.02 crore in FY23. PepsiCo entered India in 1989 and has grown to become one of the largest food and beverage businesses in the country. Its revenue from the "beverages" segment was up 86.19 per cent to Rs 1,404.46 crore in FY23 while the same from the "snacks" segment

PepsiCo India introduces Pepsi Black bottles made of 100% recycled plastic

The rPET bottles are being manufactured in India in partnership with Srichakra Polyplast Private Limited with the bottling partner, Varun Beverages

Deepika Warrier steps down as Diageo CMO, Ruchira Jaitly likely to succeed

Ruchira Jaitly, who is currently the executive vice president of marketing at Diageo, is most likely to succeed Warrier

Facts to know about Ajay Banga, first Indian-American to head World Bank

As Ajay Banga gears to take charge of the World Bank officially, here are some facts to know about him

PepsiCo to invest $400,000 for expansion of safe water access in UP

The PepsiCo Foundation on Monday said it will invest USD 4,00,000 in partnership with Pandit Jagat Ram Memorial FORCE Trust to expand its safe water access and sustainable sanitation programme in Mathura, Uttar Pradesh. This initiative is aligned with the three priority campaigns of the central government: the Jal Jeevan Mission, Jal Shakti Mission and Swachh Bharat Mission, the Foundation said in a statement. As part of this programme, the PepsiCo Foundation will help provide improved access to fresh water for drinking and domestic purposes, impacting more than 20,000 people and 3,000 children across 13 villages in Mathura district over a period of three years. The partnership will also create WASH awareness (Water, Sanitation and Hygiene) focusing on sanitation, solid waste management, and hygiene practices with water quality, safety and personal health behaviours impacting 50,000 people and 3,000 children. "This investment is a natural extension of our global goal to be net wate

Cola war looms as Campa returns; distributors fear for their margins

In an announcement last week, Reliance Consumer Products launched Campa with three flavors: cola, lemon, and orange. The drinks have been launched in Andhra Pradesh and Telangana

Your low calorie drinks, food items may induce heart attack, stroke risk

Trying to switch to drinks and food that are low on calories and carbohydrate to avoid sugar? These are often loaded with an artificial sweetener called erythritol and can raise your risk

With new tagline, Pepsi ropes in Ranveer Singh as its new brand ambassador

Cola brand looking to add female brand ambassador

PepsiCo India records double-digit organic revenue growth in 2022

PepsiCo has brands like Kurkure Lays, Quaker Oats in foods and Pepsi, Mountain Dew and Tropicana in its drinks portfolio

Pepsi sales rise 10% in fourth quarter to $28 billion on price hikes

PepsiCo reported better-than-expected sales in the fourth quarter after hiking prices for its drinks and snacks. Revenue rose more than 10 per cent to USD 28 billion. That was better than the USD 26.8 billion Wall Street had forecast, according to analysts polled by FactSet. Pepsi's net income fell 60 per cent to USD 535 million, largely due to a USD 1.5 billion impairment charge for its SodaStream brand and other assets. Without one-time items, Pepsi earned USD 1.67 per share in the October-December period, beating analysts' forecast of USD 1.65. Higher prices helped it navigate rising costs for fuel as well as commodities like cooking oil and potatoes, the company said Thursday. The Purchase, New York, company expects to deliver organic revenue growth of 6 per cent this year, a slower pace from its full-year organic growth of 14.4 per cent in 2022. It also plans USD 1 billion in share repurchases.

Varun Beverages profit jumps two-fold to Rs 81.5 crore, revenue up 27.9%

Varun Beverages Ltd, PepsiCo's largest franchise bottler, on Monday reported a more than twofold jump in its consolidated net profit to Rs 81.52 crore for the quarter that ended December 31, 2022, led by volume growth and improved net realizations. The company, which follows the calendar year as its financial year, posted a net profit of Rs 32.59 crore during the October-December quarter a year ago. Its revenue from operations during the quarter under review stood at Rs 2,257.20 crore, up 27.89 per cent as against Rs 1,764.93 crore of the corresponding period last fiscal, Varun Beverages Ltd (VBL) said in a regulatory filing. VBL's "sales volumes grew by 17.8 per cent in Q4 CY2022 to 132.0 million cases," said the company in its earning statement. Its PAT increased 150 per cent in the October-December period, which is a "seasonally weak quarter". Its "net realization increased by 6 per cent to Rs 164 primarily due to price hike in select SKUs, rationalised discounts/incentives, an

PepsiCo plans to expand operation in Hyderabad, to add 1,200 workers

American multinational food company PepsiCo is planning to expand its operation in Hyderabad and add 1,200 employees within the next one and half years

Expansion, product mix to fizz up Varun Beverages' volumes and margins

Energy drink Sting help drive realisations of Pepsi bottler in Q3CY22

Coca-Cola beats profit estimates in Q3, raises full-year guidance

The company said it now sees organic revenue growth of 14% to 15% for the full year. In July, Coca-Cola increased its full-year outlook from 12% to 13%

PepsiCo's India revenue & volume grew in double-digits in 3 mths to June 11

PepsiCo India has also been gaining market share in India since the start of 2022.

PepsiCo to invest Rs 186 cr on expanding its largest food plant in India

The unit in UP makes Lays potato chips, the plan is to add a new line to churn out nacho chip brand Doritos