Page 6 - Pepsico

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

PepsiCo to invest Rs 3,740 cr to set up four industrial units in UP

The company proposes to invest Rs 1071. 28 crore here with around 1,500 expected employment avenues

PepsiCo to invest over Rs 1,000 crore in Gorakhpur greenfield project

GIDA will allot 45 acres to the company for the plant, which will generate about 1,500 jobs

Reliance Retail buys into 'desi' power by acquiring local consumer brands

By acquiring a string of local consumer brands, the conglomerate is looking to build volumes and scale in its private label retail business

PepsiCo's bottling plant to come up in Prayagraj, says UP Minister

This, he said, was a part of the state government's efforts to revive and develop the Naini Industrial Area of Prayagraj

Unionisation, first challenge brewing for Narasimhan as Starbucks CEO

Narasimhan holds a degree in mechanical engineering from the College of Engineering, University of Pune, India

Remember Campa Cola? It is set to return as Reliance Retail acquires brand

Reliance acquired Campa from Delhi-based Pure Drinks Group for around Rs 22 crore. It is expected to relaunch the drink in its iconic cola, lemon, and orange flavour in October

India at 75: Nooyi to Pichai - 4 Indians who made it big on global stage

They've got the world to sit up and take notice. Starting from humble beginnings, they have come to lead global companies. A look at 4 professionals whose story is as much India's as the world's

Varun Beverages posts two-fold jump in June quarter, PAT at Rs 802 cr

Varun Beverages, PepsiCo's largest franchise bottler, on Monday reported a two-fold rise in consolidated profit after tax at Rs 802.01 crore for June quarter on growth in revenue from operations.

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.

Strong season, new markets to drive gains for Varun Beverages' stock

Operating leverage, product mix to offset raw material pressures, say brokerages

Varun Beverages hits new high on strong earnings hope; rises 16% in a month

The management remains confident of delivering healthy volume growth in the medium to long-term on the back of strong demand momentum.