PepsiCo India Holdings has reported a consolidated revenue of Rs 5,954.16 crore from operations for the nine-month period of April to December 2023, according to data from the Registrar of Companies (RoC) accessed by Tofler.
The company’s profit for this period amounted to Rs 217.26 crore. Total income, which also includes other income, stood at Rs 6,094.70 crore for the period.
The numbers are not comparable with the year-round period, since the company has moved to a January-December accounting year from April-March, in line with its parent.
In the nine-month period, domestic sales revenue was Rs 5,533.63 crore, while exports contributed Rs 266.19 crore to the total revenue.
PepsiCo India, which is not a publicly listed entity, saw significant contributions from its snacks and beverages segments.
The snacks business, including brands such as Kurkure, Lays, Doritos, and Quaker, generated revenue of Rs 4,763.29 crore. While the beverages business, which includes brands like Pepsi, 7Up, Slice, Tropicana, and Gatorade, brought in Rs 1,036.53 crore.
Advertising and promotional expenses for the period amounted to Rs 694.52 crore.
A spokesperson for PepsiCo India said that the company had delivered a “resilient” performance in a challenging external environment”.
“Demand for our brands remained robust, backed by strong marketing campaigns, marketplace execution, and a consistent focus on end-to-end productivity. We remain committed to our growth in India and continue to invest in our brands and marketplace infrastructure to build scale while maintaining margins,” the spokesperson said.
For the previous financial year 2022-23, which spanned twelve months, PepsiCo India reported revenue from operations of Rs 8,203.19 crore and a net profit of Rs 267.43 crore. Total income was Rs 8,302.34 crore.
During an investors’ call this month, PepsiCo chairman and CEO Ramon Laguarta said India was a “high demand market”, where it was investing for the future.
“We continue to see a lot of growth in many parts of AMESA (Africa, Middle East & South Asia) region.
“In particular, India is a big growth space of us and is an investment area. The opportunity is massive, if you take a decade’s perspective,” Laguarta said.
In the second quarter of 2024 (April-June), PepsiCo India’s global parent company reported “double-digit growth” in beverages volume and convenience foods unit volume in the Indian market.
For the first quarter (January-March), the multinational company headquartered in New York reported “high single-digit growth” in its beverage unit volume and “double-digit growth” in the convenience foods business in India.