PepsiCo India studies ₹884-crore revenue after tax in 2024 after shifting to calendar yr | Company Business News-OxBig News Network

New Delhi: Food and beverage main PepsiCo India reported income of ₹8,877 crore and revenue after tax of ₹883.4 crore for the 12 months to 31 December 2024. These numbers aren’t corresponding to the earlier yr’s as the corporate switched from the monetary yr (April-March) to the calendar yr.

The earlier submitting was for a nine-month interval – April 2023 to December 2024 – throughout which the corporate clocked consolidated income of  ₹5,954.16 crore and a revenue of ₹217.26 crore. 

In India, PepsiCo competes with Coca-Cola, ITC, Bikaji and Haldiram’s. It sells drinks similar to Pepsi and Mirinda in addition to Lay’s chips and Quaker oats. Its bottling operations are managed by its native bottling accomplice Varun Beverages. The firm’s 2024 monetary outcomes mirror gross sales from its packaged meals enterprise in addition to the liquid focus bought to its bottling accomplice.

“Our food and beverage brands continue to thrive, fuelled by dynamic marketing campaigns, flawless marketplace execution, and a steadfast commitment to consumer-centric innovation. As we deepen our investment in India’s growth story, we are expanding our scaled-up capacity to meet rising demand. At the same time, we continue to expand our brands and marketplace infrastructure to drive scale while sustaining healthy margins,” the corporate mentioned in an announcement.

Resilient FMCG market

Jagrut Kotecha, CEO of PepsiCo India & South Asia, mentioned whereas asserting the corporate’s annual earnings, “Over the past 12 months, the FMCG industry in India has shown remarkable resilience in the face of a challenging external environment, where it witnessed a slowdown in urban consumption along with inflationary pressures. 

“In this context, PepsiCo India’s strong performance in 2024 across food and beverage categories is a testament to its dynamic marketing, marketplace execution, and consumer-centric innovation. None of this would’ve been possible were it not for the incredible talent and teams that we have worked at building and nurturing, and I am confident that this has set us up to deliver on our bold growth ambition over the next five years.”

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Kaushik Mitra, vice president & CFO, PepsiCo India and South Asia, said, “While these figures are not directly comparable year-on-year due to the shift in our financial reporting calendar, the significant improvement in our profit margins over the last three reporting periods underscores the strength of our business model and our momentum in the market.”

PepsiCo’s India investments

The firm’s world administration has highlighted India as a high funding market. “We continue to see a lot of growth in many parts of our AMESA (Africa, Middle East and South Asia) region. In particular, India is a big growth space for us and it is an investment area for sure,” Ramon Laguarta, chairman and CEO of PepsiCo, mentioned throughout an investor name final yr.

Last yr, PepsiCo India introduced an funding of  ₹1,266 crore to determine a flavour manufacturing facility in Ujjain, Madhya Pradesh. The facility it set to start operations within the first quarter of 2026. The firm can be set to open a brand new plant in Tamil Nadu.

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Last fiscal yr, rival Coca-Cola’s consolidated income grew 4.24% to ₹4,713 crore, whereas revenue fell 41.82% to ₹420 crore.

India’s packaged meals market is estimated at ₹3.6 trillion, and the marketplace for carbonated tender drinks generated $18.25 billion of income in 2022, in line with estimates by financial suppose tank ICRIER.

In calendar yr 2024, Varun Beverages’ income from operations stood at ₹20,481.328 and web revenue at ₹3433 crore. It is PepsiCo’s largest franchisee on this planet, with a presence in India, Nepal, Sri Lanka, Morocco, Zambia, Zimbabwe, South Africa, Lesotho, Eswatini and the Democratic Republic of the Congo.