Page 5 - Pepsico

Varun Beverages Ltd to acquire The Beverage Company for Rs 1,320 cr

Varun Beverages Limited said that the indicative time period for the completion of the acquisition is on or before July 31, 2024

Disney taps CFO Hugh Johnston who fended off Peltz at Pepsi, beat forecasts

"With Hugh there, Pepsi did a nice job convincing the Street that it had a growth plan," said Bloomberg Intelligence analyst Ken Shea

Walt Disney Co names PepsiCo's Hugh Johnston as chief financial officer

Johnston has served a variety of roles at PepsiCo beginning in 1987. He left to become the CFO at Merck and Co. from 1999 to 2002, then returned to the Purchase, New York snack and beverage giant

Double-digit volume growth in beverages category in India: PepsiCo

Indian FMCG major Dabur had said that it expects to register a mid to high-single-digit revenue growth due to a mild summer and slightly deficient monsoon

PepsiCo bets on price hikes to again raise annual profit forecast

PepsiCo and rival Coca-Cola have been largely shielded from the effects of price hikes due to their near-domination of the global carbonated drinks market

Varun Beverages outperforms, up for 4th day in a row; analysts upbeat

Analysts believe VBL is expected to continue its strong growth momentum, which will be led by Normalcy of operations and market share gains in newly-acquired territories (post COVID-19 disruptions).

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 to invest Rs 778 cr in Assam to open first food manufacturing plant

Leading beverage & food maker PepsiCo on Wednesday said it will invest Rs 778 crore to set up its first food manufacturing plant at Nalbari, in Assam. Spread over 44.2 acres, the plant is proposed to be operational in 2025 and aims to provide direct and indirect employment opportunities to 500 people from Assam, said a statement from PepsiCo. This is the first investment in the North Eastern region by the company with portfolio of beverages and food brands, including Pepsi, 7UP, Mountain Dew, Slice, Tropicana, Mirinda, Lay's, Kurkure, Uncle Chips and Quaker Oats. PepsiCo India has signed a tripartite MoU with Assam Skill Development Mission and Directorate of Employment & Craftsman training for fostering women empowerment and creating a safe and supportive work environment to enhance women employability in the region. "The plant targets to intake 100 per cent diverse talent and aiming atleast 75 per cent women representation and intends to set up its first Community Learning ..

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

Varun Beverages rises 3% on strong Q2 results; stock up 26% so far in 2023

The company's revenue rose 13 per cent year-on-year (YoY) to Rs 5,611 crore in the second quarter of calendar year 2023 (Q2CY23)

PepsiCo raises revenue, profit forecasts on price hikes and steady demand

PepsiCo's average prices jumped 15% for the quarter ended June 17, while organic volume slipped 2.5%

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

Delhi High Court dismisses Pepsi appeal against IPR revocation order

Pepsi had filed an appeal under the Protection of Plant Varieties and Farmers' Rights Act, 2001, challenging the December 3, 2021, order

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

Reliance Consumer Products adds crunch to snacks market with Alan's Bugles

The Indian snacks market is expected to reach $23.69 billion in 2028, expanding at a CAGR of 12 per cent from 2023 to 2028

Pepsi bottler Varun Beverages posts Q1 profit jump; announces stock split

Varun Beverages approved a share split of its existing shares in a ratio of 1:2 to boost its liquidity and make its stock "more attractive" to small investors

PepsiCo reports 'double-digit organic revenue growth' in March qtr in India

Global food and beverages major PepsiCo on Tuesday said its Indian unit delivered a "double-digit organic revenue growth" in the first quarter of 2023. It has reported a double-digit growth in the beverage unit volume in the Indian market, PepsiCo said in its global earnings statement. However, in the convenient foods, unit volume experienced a low-single-digit decline in the Indian market in the quarter ended on March 31, 2023. PepsiCo's net revenue in Africa, Middle East, South Asia (AMESA) division, including India, was up 1.49 per cent to USD 1.01 billion as against USD 1 billion, primarily reflecting effective net pricing, partially offset by an organic volume decline. However, its gross profit in the March quarter was down 6.6 per cent to USD 168 million on account of the impact of higher commodity costs, primarily cooking oil and packaging materials, certain operating cost increases, higher advertising and marketing expenses. "Each of our international divisions reported a

PepsiCo raises annual forecasts on back of buoyant demand, price hikes

Global consumer goods companies have raised prices to battle sky-rocketing costs of everything from aluminum cans to labor and shipping since the supply-chain disruptions during the pandemic