Page 5 - Pepsico

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

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