While on the volume side, the company has reported a "high-single-digit growth" for the Indian market for the convenient foods and beverages units
Carbonated drinks, packaged drinking water and fruit juice would be bottled at the facility, set up on 50-acre land provided by the Bihar Industrial Area Development Authority
Gains expected on the back of rising out-of-home consumption after two years of sluggish performance
In 2018, Red Bull had filed a trademark suit in the high court for its mark "Vitalizes Body and Mind." against PepsiCo's use of its tagline "Stimulates Mind. Energizes Body"
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Global food and beverages major PepsiCo on Thursday reported a double-digit volume growth in the Indian market in 2021.
Withdrawing the lawsuits the same year, the New York-based company said it wanted to settle the issue amicably
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Recovery from the Covid-19 pandemic led to an increased consumer demand impacting positively the company's revenue
It's a potato chip-making unit spanning 29 acres in Mathura; city will source 150,000 tonnes of locally grown tubers; over 5,000 farmers to gain, 1,500 jobs to be created
Kosi Kalan (Mathura)-based PepsiCo plant would become a source for the progress of farmers as well as create employment opportunities, UP Chief Minister Yogi Adityanath said on Wednesday
Food & beverage major PepsiCo on Wednesday said its business in India is transforming and will continue to invest in the country for a long term. The company on Wednesday commissioned its Rs 814 crore Kosi Kalan foods plant at Mathura in Uttar Pradesh, the largest greenfield investment in manufacturing in India by the global food and beverages major. PepsiCo India President Ahmed ElSheikh said, "Like India, PepsiCo's business here is also transforming and we continue to invest for the long term. In its three-decade long journey in India, PepsiCo has become one of the largest convenient food and beverage companies in the country, he said. "Today, we employ 1,63,000 people (direct and indirect) across our ecosystem; have 13 iconic global brands that consumers love in India; and work closely with more than 27,000 farmers, including women farmers, across the country," ElSheikh added. PepsiCo AMESA CEO Eugene Willemsen said India is a long-term strategic market for the company. We see
PepsiCo will have a 39% non-controlling stake in a newly formed joint venture in the deal with PAI Partners
Varun Beverages Ltd, on Monday reported over two-fold jump in consolidated net profit at Rs 318.80 crore for second quarter ended June 30, 2021, helped by volume growth and cost-optimization measures.
The growth comes on a low base as last year sales of discretionary items like aerated drinks were hit badly.
Global food and beverage major PepsiCo on Tuesday reported double-digit growth in India in second quarter, despite the market being severely hit by the second wave of the pandemic.
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India's non-alcoholic beverages industry is unlikely to reclaim pre-pandemic levels this fiscal: Crisil