Page 5 - Pepsico

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

Ambani adopts familiar playbook in India cola battle vs Coke, Pepsi

A person with direct knowledge of Reliance's plan said it aims to open some factories of its own or as joint ventures to make Campa, and take the soda to hotels, restaurants and in-flight sales

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

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 rallies 7% on strong December quarter earnings

The strong recovery in demand post the pandemic and continued efforts towards expanding the distribution network across markets resulted in a 41% growth in consolidated sales volume in CY22.

PepsiCo Foundation, CARE bring global women farmer programme to Bengal

The programme 'She Feeds the World' focuses on strengthening the role of small-scale women producers across three dimensions: economic, social and environmental

PepsiCo India Holding FY22 profit declines 76.2%, revenue up by 21.6%

Food and beverage major Pepsico India Holdings Pvt Ltd's consolidated profit for FY22 declined 76.25 per cent to Rs 41.63 crore, while its revenue from operations went up 21.61 per cent to Rs 6,385.80 crore. According to the financial data accessed by the business intelligence platform Tofler, the company, which is not a publicly listed entity, had posted a total profit of Rs 175.30 crore and its revenue from operations was at Rs 5,250.96 crore for the financial year that ended on March 31, 2021. Pepsico India Holdings' other income in FY22 was down 27 per cent at Rs 82.34 crore. While the total income of the company, which owns popular brands such as Pepsi, Lay's, Kurkure and Tropicana was up 20.58 per cent to Rs 6,468.14 crore for the financial year that ended on March 31, 2022. Responding to PTI's query, a PepsiCo India spokesperson said despite inflation, it witnessed strong double-digit growth both in revenue from operations and volume across its product portfolio for FY22. "

PepsiCo to lay off 'hundreds of workers' at New York headquarters: Report

It is being done 'to simplify the organization so we can operate more efficiently', PepsiCo said in a memo to its employees

Tesla delivers first electric semis to PepsiCo at Nevada factory

Tesla delivered its first electric semis to PepsiCo Thursday, more than three years after Elon Musk said his company would start making the trucks. The Austin, Texas, company formally delivered the trucks at a factory near Reno, Nevada. The event was livestreamed on Twitter, which Musk now owns. Musk drove one of three Tesla Semis in front of a crowd inside the factory. One was white, one was painted with a Pepsi logo, and another with Frito-Lay colors. PepsiCo, which is based in Purchase, New York, is taking part in a zero-emissions freight project at a Frito-Lay facility in Modesto, California. That project is being funded by a USD 15.4 million clean-freight technology grant from the California Air Resources Board that includes 15 Tesla battery-electric tractors and other electric- and natural-gas powered trucks. Electric semis also would be eligible for a federal tax credit of up to USD 40,000. At an event in November of 2017 unveiling the Tesla Semi, Musk said production would

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

Energy drink Sting help drive realisations of Pepsi bottler in Q3CY22

Pepsi India bottler beats profit estimates on beverage price hikes

Profit grew by 59% to 3.81 billion Indian rupees ($46.1 million) in the three months ended Sept. 30

Sprite now a $1 billion brand in India: Coca-Cola CEO James Quincey

Quincey told investors, "India had a knock-out quarter clearly they are having a very strong run this year. He also said that the company is looking to continue to invest strongly in the country.

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%

Hybrid model of work most preferred, work from office pushing up attrition

In the companies that announced work from the office in the next few months, the attrition rate was recorded at 29 per cent in August, a survey by HR solutions company Aon showed

PepsiCo's beverage volume logs double-digit growth in September quarter

It also said, Beverage unit volume grew 11 per cent, primarily reflecting double-digit growth in India