PepsiCo Financial News

₹778 crore to set up its first food-focussed manufacturing plant in Assam, easing access to markets in the north-east region. The manufacturing facility, spread over 44.2 acres in Nalbari, is proposed to be operational in 2025. It will provide direct and indirect employment opportunities to 500 people.

TikTok that he adds some carrots for color—and, he notes, “you get a few vitamins." PepsiCo now sells boxed mac and cheese in various Cheetos flavors, including flamin’ hot, which the company said it created to offer “a more exciting and flavor-forward option." Whole Foods named “retro remix" as a top 10 food trend for this year, with throwback foods like mac and cheese being reinvented with better ingredients and adjusted for special diets. Organic food company Annie’s has 25 different styles of mac and cheese, including vegan and gluten-free varieties and different pasta shapes, according to parent General Mills, and an extra-protein version is coming in the fall. Tharin White, a content creator in Orlando, Fla., made a Barbie-themed mac and cheese in July for himself and his girlfriend to celebrate the release of the movie about the doll.

Reliance Retail will take its Campa brand global, starting with Asia and Africa, Isha Ambani said at the Reliance Industries annual general meeting (AGM) on Monday. Campa, which competes with global cola makers Coca-Cola and PepsiCo in India, will be the first homegrown cola to be taken overseas. “We are scaling it (Campa) up further in India, and have also started work to take it global, starting with Asia and Africa,” Ambani, director at Reliance Retail Ventures, said in her address at the AGM. In April, Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods (FMCG) arm of Reliance Retail Ventures, had inked a strategic partnership with beverage can and filling company Ceylon Beverages, promoted by former cricketer Muttiah Muralitharan, to co-pack and manufacture Campa soft drinks, and this partnership is expected to be leveraged for Campa’s foray in markets outside India as well, executives aware of the plans said. Ceylon Beverages has partnerships with international, national and regional companies, including those making mineral water, energy drinks, soft drinks and juices. Reliance Retail had acquired Campa mid last year from Pure Drinks group for an estimated Rs 22 crore.

Instacart on Friday said its core business turned profitable after making public its filing for a long-awaited stock market launch, while also disclosing an investment from PepsiCo Inc. San Francisco-based Instacart, which filed confidentially for its initial public offering (IPO) in May 2022, said in the filing to the U.S. Securities and Exchange Commission that PepsiCo had agreed to buy $175 million in preferred convertible stock. Norges Bank Investment Management, a division of Norges Bank, and entities affiliated with venture capital firms TCV, Sequoia Capital, D1 Capital Partners and Valiant Capital Management have agreed to participate in the IPO as cornerstone investors, Instacart said. For the six months ended June 30, Instacart's revenue came in at $1.48 billion, up 31% from the same period last year.

space kits, hampers, tees, stationery, backpacks, models of rockets, collectibles and other merchandise are seeing ten-fold surge in demand on e-commerce platforms and retail shelves after India's historic moon landing on August 23, executives said. ISRO has existing tie-ups with 19 merchandise partners across categories such as apparel, stationary, backpacks and DIY rocket kits. «ISRO and Chandrayaan-3 have become household names now and we're seeing a 10-fold increase in sales of products since two days, compared to what we usually do in one day,» said Bhavik Arora, chief executive and founder of brand licensing company Black White Orange, which sells merchandise that's officially registered under ISRO through its own A47.in virtual store, Amazon and Ajio.

retail packs of daily essentials lighter without changing their prices to offset steep inflation last year have started putting grammage back into the packs amid cooling inflation of key ingredients and reduction in packaging costs. Industry executives said the gains from declining input costs are being passed on to consumers by directly putting back grammage in packs, specially for categories in popular price points of ₹10, ₹20 and ₹25, where frequent price changes are inconvenient.

Sula Vineyards Limited, India’s largest wine producer, posted a 24.4% increase in net profit on sales which grew 21.6% during the June quarter. Net sales rose to Rs 118 crore compared to Rs 97 crore a year ago while net profit was Rs13.7 crore. A year ago, it had a profit of Rs 11 crore.

₹255 crore in FY23 against a net profit of ₹27.8 crore a year earlier, according to its filings with the Registrar of Companies. The growth was driven by a cost efficiency drive, including strategic pricing adjustments to mitigate the impact of high inflation, it added. The company, which sells Lay’s chips, as well as Mirinda and Tropicana brands of beverages, said its FY23 earnings grew by 28.5% to ₹8,128 crore on the back of higher sales of both food and beverages.

A post shared by Lay's India (@lays_india) Rathor further added, “This campaign intends to add a sprinkle of fun and excitement to this year's Friendship's Day celebrations, inviting everyone to partake in the joy of sharing Lay's flavours with their closest companions." As per the official release, during the campaign, content creators and influencers will step forward to share personal anecdotes of friendship, using Lay's as a symbol to convey the importance of their bonds. The release further said that launched in 1995 in India, Lay’s is one of the brands from PepsiCo India.

(Reuters) -Kellogg Co on Thursday forecast a smaller drop in annual profit than it had previously expected, as multiple price hikes for its breakfast snacks and cereals helped strengthen its margins.

NourishCo Beverages, subsidiary of Tata Consumer Products,in an interview. “The problem (of local competition) magnifies if companies sell the same products. We have a combination of differentiated products, great value, national advertising at scale and investments in distribution muscle, which is difficult to emulate,” he said.

PepsiCo India expanded its plastic waste management program to Agra, the company announced on Wednesday. This campaign focusses on education and awareness around plastic circularity. In partnership with The Social Lab (TSL) and the Agra Nagar Nigam, Pepsico's "Tidy Trails" program will share practices related to plastic waste management with shopping establishments.

July 24, 2023, the stock market witnessed an exciting development as several companies crossed their 50-day Simple Moving Average (SMA), indicating potential uptrends in their stock prices. Notable companies that showcased strong growth potential were Varun Beverages, KPIT Technologies, Siemens, Bosch, Tata Chemicals, and EID-Parry (India). Let's take a closer look at these companies and their recent stock movements.(Data Source: StockEdge)1. Varun Beverages Varun Beverages, one of the largest franchisees of PepsiCo in India, demonstrated robust performance as its stock crossed the 50-day SMA at Rs 813.74 and closed at Rs 817.7 on July 24.2. KPIT Technologies KPIT Technologies displayed strong market momentum as its stock crossed the 50-day SMA at Rs 1051.71 and closed at Rs 1056.8 on July 24.

By Abigail Summerville and Anirban Sen

₹11 crore in a pre-series A funding round from Vijay Shekhar Sharma and Prath Ventures. The proceeds will be used for expansion of its new energy drink, Hustle.  Ankur Bhatia, the company’s co-founder, told Mint that the move aims to capitalise on the market potential after the success of rival energy drink Sting by PepsiCo India. The funding round also saw participation from angel investor Neel Bahl.

Here is your Pro Recap of the biggest analyst cuts you may have missed since Friday: downgrades at AT&T, Twilio, PepsiCo, and Telus International.

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Here is your Pro Recap of the biggest analyst cuts you may have missed since Friday: downgrades at AT&T, Twilio, PepsiCo, and Telus International.

The market’s valuation of PepsiCo (NASDAQ:PEP) is “as good as it gets,” according to Morgan Stanley analysts.

(Reuters) — Aspartame, one of the world's most popular sweeteners, has been deemed a «possible carcinogen» by two groups linked to the World Health Organization, though it remains safe for consumption at already-agreed levels.