PepsiCo Financial News

PepsiCo aims to double its revenue in India over the next five years, viewing the country as a 'key anchor market' where it is making «aggressive» investments to expand its capacity, its India & South Asia CEO Jagrut Kotecha said. India will be the «engine of growth for PepsiCo» in driving its global revenue, as it ranks among the top three markets for the food, snack, and beverage multinational, where the company is experiencing double-digit growth, Kotecha shared in an exclusive interview with PTI. PepsiCo has invested in greenfield plants in Uttar Pradesh and Assam, focusing on staying ahead of the demand curve, Kotecha said, adding the company will not be «investment shy» in India and plans to open two more facilities, including one in the southern region. «We believe India will be the engine of growth for PepsiCo to drive the top line. Yes, it's not as big as North America because it is a lot more evolved category. Our per capita consumption in India is still very low, not only for us on beverage and food, but we would expect one of PepsiCo's fastest growing economies to do that,» Kotecha said.

Mint in an earlier interaction. LG Electronics, the largest consumer electronics brand in India, makes around 28% of its annual revenues in the January-March quarter.Awry predictions, then, can lead to a production-demand mismatch.

India’s plastic bottles industry faces a ₹10,000 crore quandary: investments in a costlier, recyclable, food-grade material risk turning dud as regulatory uncertainty has slowed adoption by beverage makers.India drafted rules in February 2022to make it mandatory for beverage-grade bottles to contain at least 30% recycled polyethylene terephthalate (r-PET). It’s a kind of material that can be fully recycled.

Subscribe to enjoy similar stories. MUMBAI : Reliance Consumer Products Ltd (RCPL) plans to enter the bottled iced tea market this coming summer with the relaunch of “Brew House", three people close to the development told Mint. The people added that the brand—for which the company received approval on 23 July 2025, according to the commerce ministry records—is expected to be relaunched within the next two months.

Subscribe to enjoy similar stories. MUMBAI : Raymond Lifestyle is turning to fresh leadership to navigate a darkening retail landscape, appointing Satyaki Ghosh as CEO—the fourth executive to hold the mantle in just five years. Ghosh, who most recently led Grasim Industries’ Cellulosic Fashion Yarn division, takes over the branded apparel company with immediate effect, bringing a resume that includes stints at L’Oreal, Spencer’s Retail, and PepsiCo.

Subscribe to enjoy similar stories. The job of rescuing Pepsi-Cola starts very early in the morning for Ram Krishnan. On a recent trip to San Antonio, the head of PepsiCo’s U.S.

Frito-Lay is recalling a limited number of Tostitos tortilla chips because they may contain undeclared milk

That's enough plastic to fill the stomachs of 18 million whales. The report arrives amid mounting concerns over the human health risks posed by the spread of microplastics, which scientists increasingly link to cancer, infertility, heart disease, and more. «Coca-Cola is by far the largest manufacturer and seller of beverages in the world,» said Matt Littlejohn, who leads Oceana's campaigns targeting corporate polluters. «Because of that, they really matter when it comes to the impact of all this on the ocean.»

Coca-Cola and PepsiCo are fighting off Reliance Consumer's Campa and also taking advantage of the rapid growth of no-sugar drinks with diet and light variants in smaller packs priced Rs 10 across their brands. Both Coca-Cola and PepsiCo have introduced diets and lights at Rs 10 under brands-Thums Up X Force, Coke Zero, Sprite Zero and Pepsi No-Sugar. These price-points for diets and lights are a first for the India units of both soft drink makers, executives said.

JM Financial has reiterated its 'Buy' rating on Varun Beverages with a target price of Rs 675, implying 38% upside from the previous day's closing price. The brokerage believes the recent 30% correction in the stock is overdone, citing strong growth drivers in both domestic and international markets. The Indian beverage market, with an estimated size of 2.4 billion cases, is largely a duopoly, with Coca-Cola and PepsiCo holding a combined market share of around 80-90%. However, competitive intensity has increased following the relaunch of Campa by Reliance Consumer Products in March 2023.

Jagrut Kotecha said. Pepsico will expand its snacks business in India, as consumption is very low vis-a-vis other countries and with growing urbanisation and more money coming in the pockets with a growing economy, Kotecha expects consumption of packed foods to increase. PepsiCo, the makers of Kurkure and Lays, has internally divided India into nine clusters to match the regional taste buds of «multiple Indias», he said, adding «if you say it's just one India, I think we are not doing enough justice to it.» «You need to design your portfolio, keeping those consumers of India like multiple Indias. So that's on being consumer-centric and starting to work and drilling down on that. And then understanding what the trends are in terms of taste, profile, health and wellness,» Kotecha told PTI.

tariffs on imports like cocoa and fruit, according to a letter seen by Reuters. PepsiCo, Conagra and J M Smucker, are requesting that Trump exempt ingredients not available from U.S. sources to protect manufacturers who otherwise buy from domestic farmers and suppliers, according to the letter, sent on Monday by a consumer products trade group representing the companies, the Consumer Brands Association. Coffee, oats, cocoa, spices, tropical fruit and tin mill steel, used for specialty food and household goods, are among the imports listed as unavailable domestically in the letter. «We believe targeted and carefully calibrated removal of these ingredients and inputs from tariffs is appropriate to best protect U.S. manufacturers and support (Trump's) efforts to lower consumer inflation,» the letter said. PepsiCo and Smucker, which have executives sitting on the executive committee of the Consumer Brands Association, did not immediately respond to requests for comment.

When he asked the newcomer why he decided to quit, the latter replied that he was under the impression that he would be working in the marketing division and was told to do sales for a year. Unhappy with that prospect, he decided to leave. “When I asked him, bhai kya hua, he said, “Yaar mai socha woh marketing mei hire kiye mujhe, and now I’m told to do sales for one year. Kya chutiye accounts diye bhai mujhe. Aisa rehta hei kya market?”. I was so shocked at first but then replied to him, “Haa apna saare accounts, tho aise hee hei”. He immediately said, “Mai nehi karna bhai ye bakchodi wali khel hei,” he wrote.

Subscribe to enjoy similar stories. Varun Beverages Ltd’s (VBL) strategy is clear: aim for double-digit volume growth in India, focus on international expansion, and strengthen the distribution network. Despite facing new competition from Campa Cola and the complexities of global markets, management remains confident amid strong demand tailwinds and robust execution.

Terry Smith's £23.7bn flagship mandate exited its full PepsiCo stake in January 2025, as per the latest factsheet information. The fund had been invested in the stock for at least a decade and it held a top ten position over most of that time, according to disclosure records. Fundsmith Equity fund sells long-term holdings in Diageo and Apple in 2024 PepsiCo, which is the creator of the namesake soft drink, was highlighted back in Smith's 2023 semi annual letter to shareholders for its strong performance. However, by August 2024 it was among the fund's top five performance detrac...

Reliance Consumer Products Ltd (RCPL) has teamed up with former Sri Lankan cricketer Muttiah Muralitharan to co-create, manufacture and sell sports drinks in India called Spinner to be priced at Rs 10 for 150 ml bottles, about half the price of sports drinks brands like Gatorade and Powerade sold by PepsiCo and Coca-Cola, executives aware of the plans said.

FMCG sector. Indian snacks accounted for 49% of total salty snacks sales in 2021-22 as well as 2022-23. In 2023-24 too, value sales of namkeen matched those of western munchies such as potato wafers and finger sticks during 2023-24 too, ET had reported last year in July. In terms of volume, traditional snacks account for nearly 56% of the overall market. Products such as bhujia, dal, chivra, chanachur and fried nuts accounted for half the salty snacks sales of about Rs 50,800 crore during the financial year 2023-24, with both overseas and domestic companies pushing namkeen in the hinterlands, industry executives, citing NielsenIQ data, had told ET last year.

A lawsuit filed by the Federal Trade Commission alleges that food and beverage maker PepsiCo engaged in illegal price discrimination by giving unfair price advantages to one big-box retailer

Varun Beverages (VBL), PepsiCo's largest franchise bottler in India, set for outperformance, domestic brokerage firm Antique Broking has given a target price of Rs 710 on the stock while retaining their ‘buy’ rating on the same. This represents an upside of nearly 10% for the stock from its previous closing price.