Page 8 - Pepsico

PepsiCo commissions largest greenfield plant in India, UP CM unveils it

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 to sell Tropicana, other juices, to PE firm in $3.3 bn deal

PepsiCo will have a 39% non-controlling stake in a newly formed joint venture in the deal with PAI Partners

Varun Beverages Q1 consolidated net profit up by two folds at Rs 319 cr

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.

PepsiCo India's cola and potato chips biz post double-digit growth in Q1

The growth comes on a low base as last year sales of discretionary items like aerated drinks were hit badly.

PepsiCo reports double-digit Q2 growth in India despite Covid second wave

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.

Message in a bottle

When Cristiano Ronaldo moved the Coke bottles from the media table, he was changing the nature of the Coke-FIFA Euro 2020 sponsorship contract

'Brand dissidence': Ronaldo eschewing Coca-Cola has a lesson for companies

In taking on Coke, Ronaldo may have unintentionally set a precedent for other players

Second Covid wave flattens fizz for soft-drink makers, says Crisil

India's non-alcoholic beverages industry is unlikely to reclaim pre-pandemic levels this fiscal: Crisil

PepsiCo bets on higher soda sales in second qtr as restaurants reopen

PepsiCo Inc said on Thursday it expects organic revenue growth to pick up pace in the second quarter

Beverage firms betting big on launches to add fizz to summer sales

The out-of-home market typically contributes two-third of the sales of beverage companies, said experts

Nestle India digs deeper in the rural market, aims to grow business

The company's new-found enthusiasm for the hinterlands is founded on its appetite for growth

Indra Nooyi's memoir to detail her rise in corporate world, out in Sept

Former PepsiCo CEO Indra Nooyi has a memoir coming out this fall Indra Nooyi's memoir tthat her publisher is calling an unvarnished take" on her rise to becoming one of the world's most powerful women

Improved earnings visibility, debt pruning boost shares of Varun Beverages

Volume recovery, expansion in new geographies and debt reduction are key positives

Lockdown living helps PepsiCo through Covid, vaccine paves path to growth

The company has navigated the health crisis better than Coca-Cola as it relies more on grocery and retail channels from where consumers stockpiled snacks and beverages

PepsiCo clocks high single-digit growth in India in Oct-Dec quarter

Global food and beverages major PepsiCo said it has clocked a high single-digit growth in the Indian market in the October-December quarter. However, the growth in the Indian market was slower than some emerging markets like Brazil, where it reported double-digit growth. "Our fourth quarter international growth featured double-digit organic revenue growth in Brazil, high-single-digit growth in China, India, Australia and Germany, and mid-single-digit growth in the UK and Russia," PepsiCo Chairman and CEO Ramon Laguarta said in an earnings call. The company has gained market share in the beverage segment in India during the quarter. "Our business momentum helped us gain savory share in many of our key snack markets, including Mexico, Brazil, China and Russia, and for beverages, we gained share in China, India, the UK, Germany, Egypt and Thailand within the year," Laguarta added. Overall, PepsiCo's global beverage business has accelerated in Q4 and its global snacks and food busines

PepsiCo's India business logs single-digit growth in December quarter

When compared with some of its other markets like Brazil, the India business of PepsiCo remained below par

PepsiCo, Beyond Meat partner to develop new plant-based snacks: Report

Beyond Meat's shares, which gained about 65% last year, were up 22.4% in premarket trading, while those of PepsiCo were up 1%

Draw inspiration from people 'who see the cup half full': Nooyi to students

During the conversation on January 15, Nooyi advised the students not to idolise people based on their positions

Climate change: PepsiCo aims for net-zero greenhouse gas emissions by 2040

The food-and-beverage giant generated about 57 million metric tonnes of greenhhouse gas emissions globally in 2019

Volume recovery to support Varun Beverages, stock outperforms

Bunching up of festive season in Q4CY20, resumption of public transport aiding on-the-go consumption, continuing in-home consumption trend bode well for the firm going forward