Pepsico India

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

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

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PepsiCo has brands like Kurkure Lays, Quaker Oats in foods and Pepsi, Mountain Dew and Tropicana in its drinks portfolio

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 Ltd, PepsiCo's largest franchise bottler, on Monday reported a more than twofold jump in its consolidated net profit to Rs 81.52 crore for the quarter that ended December 31, 2022, led by volume growth and improved net realizations. The company, which follows the calendar year as its financial year, posted a net profit of Rs 32.59 crore during the October-December quarter a year ago. Its revenue from operations during the quarter under review stood at Rs 2,257.20 crore, up 27.89 per cent as against Rs 1,764.93 crore of the corresponding period last fiscal, Varun Beverages Ltd (VBL) said in a regulatory filing. VBL's "sales volumes grew by 17.8 per cent in Q4 CY2022 to 132.0 million cases," said the company in its earning statement. Its PAT increased 150 per cent in the October-December period, which is a "seasonally weak quarter". Its "net realization increased by 6 per cent to Rs 164 primarily due to price hike in select SKUs, rationalised discounts/incentives, an

American multinational food company PepsiCo is planning to expand its operation in Hyderabad and add 1,200 employees within the next one and half years

Energy drink Sting help drive realisations of Pepsi bottler in Q3CY22

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%

PepsiCo India has also been gaining market share in India since the start of 2022.

The unit in UP makes Lays potato chips, the plan is to add a new line to churn out nacho chip brand Doritos

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

Lay's Wafer Style will be available in three flavours across various price points; will be launched across all channels of distribution

Withdrawing the lawsuits the same year, the New York-based company said it wanted to settle the issue amicably

"This is a move aimed at closing in on the category leader ThumsUp," a Pepsi official told the 'Economic Times'.

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

Estimates indicate that volumes for the whole year for beverages will be down to a third of last year, despite the push by soft drink companies to go online

Capacity utilisation at the two units is not more than 25%, but will increase as more people make their way back to work, according to industry sources

With brands of all sizes, and across categories, leaning heavily on influencers, the world of online persuaders is in for a makeover