PepsiCo India reports consolidated profit at Rs 883.4 cr in 2024, revenue at Rs 9,096.62 cr

Time of India

5 days ago

Pepsico India Holdings
Pvt Ltd's consolidated revenue from operations stood at Rs 9,096.62 crore in 2024 and its profit at Rs 883.39 crore, the company said in a filing to the registrar of companies (
RoC
). Total consolidated income of
PepsiCo India
Holdings, which includes other income, was at Rs 9,268.04 crore in 2024.
This is the full report for 12 months as
PepsiCo
had last year changed its financial year from April-March to January-December period. In 2023, it had filed results for nine months (from April to December) to implement the change.
It had reported a consolidated revenue from operations at Rs 5,954.16 crore in the nine months ended in December 2023, while its profit stood at Rs 217.26 crore, according to the financial data accessed by the business intelligence platform Tofler.
In 2024, PepsiCo's revenue from the snacks business in which it operates with brands including Kurkure, Lays, Doritos and Quaker was at Rs 6,88,966 crore.
Revenue from beverage business, in which it operates with fizz-based drinks and juices with brands such as Pepsi, 7up, slice, Tropicana, and Gatorade was at Rs 2,206.96 crore.
PepsiCo India's "Advertising promotional" expenses were at Rs 772.02 crore in 2024. Besides, it has paid a royalty of Rs 101.84 crore to its parent firm in 2024.
Revenue from the domestic market was at Rs 8,475.37 crore, while exports contributed Rs 386.10 crore to the total revenue of the company, which is not a publicly listed entity.
PepsiCo India & South Asia CEO Jagrut Kotecha said the company has delivered on its growth targets in 2024.
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, he said.
"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 & 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," Kotecha added.
PepsiCo India and South Asia Vice President & CFO Kaushik Mitra 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."
In the first quarter of 2025, the New York-headquartered multinational had reported an 11 per cent organic revenue growth in its international business, helped by markets including India.
India also helped PepsiCo to grow its international convenient foods business by 2 per cent in the first Quarter of 2025.
PepsiCo entered India in 1989 and has grown to become one of the largest MNCs engaged in the business of manufacture and trading of aerated and non-aerated beverage products, juice and juice-based drinks and packed food products.