PepsiCo registers double digit growth in beverage volumes in India

 PepsiCo registers double digit growth in beverage volumes in India

PepsiCo reports net revenue of $21.97 billion globally

The maker of Lay's Chips and Tropicana Juice said net revenue rose 4% year-over-year during the three months.

New Delhi: Food and beverage company PepsiCo reported double-digit volume growth in its beverage business in India during the three months ended September, 2022.

In the AMESA region, the maker of Lay's Chips and Tropicana Juice said net revenue increased 4% year-over-year during the three months. “Convenience food unit volume declined 2%, primarily reflecting high-single-digit declines in South Africa, partially double-digit growth in the Middle East and Pakistan and mid-single-digit growth in India. is offset by the increase of points. Beverage unit volume grew 11%, mainly reflecting double-digit growth in India. Additionally, the Middle East experienced high-single-digit growth, Pakistan experienced low-single-digit growth and Nigeria experienced mid-single-digit growth. and said in the year-to-date earnings announcement for 2022. Wednesday.

For the quarter, the company reported net revenue of $21.97 billion globally, which was ahead of analyst estimates. For the full year, the company now expects organic revenue to increase 12%.

“We are very pleased with our third quarter results as our global business momentum continues to be strong. Looking at our year-over-year performance, we now expect our full-year organic revenue to increase 12% (previously 10%) and core constant currency earnings per share up 10 percent (previously 8 percent) and CEO, PepsiCo.

During the quarter, the company launched a premium range of chips under the Lays Gourmet brand in India.

Speaking about its international business performance during the quarter, the company said that many of its developing and emerging markets remained resilient, including China, South Africa, India, Egypt, Saudi Arabia, Pakistan, Vietnam and Poland, each with double distributed in numbers. Organic revenue growth.

Meanwhile, for the 36 weeks ended September 03, convenience food unit volumes grew 5%, reflecting double-digit growth primarily in the Middle East, India and Pakistan. Over the same period- Beverage unit volume grew by 17%, mainly reflecting double digit growth in India.


Year after year, the company gained market share in salty snacks in Brazil, China, UK, India; While the beverage is gaining share in Mexico, Brazil, Australia, China, India, Egypt, Pakistan, Saudi Arabia, Vietnam and Iraq.