PepsiCo's India Revenue Grows in Double Digits
New Delhi: PepsiCo India's revenue grew in double digits for nine months ended September 6, 2014 making the country amongst the fastest growing emerging markets for the global beverages and snack giant.
"Our developing and emerging markets business has proven to be resilient with high single-digit organic revenue growth year-to-date, including double-digit growth in Egypt and India," PepsiCo Inc chairman and CEO Indra Nooyi said in an earnings call.
"Even though the political environments are relatively stable, GDP and consumer spending growth remains mixed. Despite these challenges, our businesses performed well in the third quarter and year-to-date," she added.
Other developing markets for the company such as China, Brazil and Turkey recorded high single digit growth while revenue in Russia grew in middle single-digit.
During the third quarter ended September 6, 2014 PepsiCo's Asia Middle East and Africa (AMEA) region reported 11 per cent growth in organic revenue and net revenue.
It was driven by 11 per cent volume growth in snacks and 3 per cent volume growth in beverages.
Globally, PepsiCo reported organic revenue growth of 3.1 per cent and net revenue growth of 2 per cent in the third quarter.
PepsiCo has termed India as "high priority market". In November 2013, PepsiCo said it will invest Rs 33,000 crore in India by 2020 to ramp up operations.
The company said the investment will be utilised to strengthen its capability in various strategic areas, including innovation, manufacturing, infrastructure and agriculture.
Each of PepsiCo's eight brands (Pepsi, 7UP, Mirinda, Slice, Mountain Dew, Aquafina, Lay's & Kurkure) generate Rs 1,000 crore or more in estimated annual retail sales.
The company has 42 plants across India and apart from cold drinks like Pepsi, 7UP, Mirinda and Mountain Dew, it sells snacks under brands such as Lehar, Uncle Chipps and Kurkure.
-
Talking Points This Week: Leadership Shock At Nvidia, Earnings Strength, And The Fog Over Hormuz
The Anthropic IPO pricing and first trading day, Nvidia's upcoming earnings, and any fresh signals from Iran will set the tone for the following week.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
