Latest news with #JagrutKotecha
Time of India
6 days ago
- Business
- Time of India
PepsiCo India reports consolidated profit at Rs 883.4 cr in 2024, revenue at Rs 9,096.62 cr
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.
Time of India
6 days ago
- Business
- Time of India
PepsiCo India posts Rs 883 crore profit in 2024, revenue at Rs 9,096 crore
PepsiCo India Holdings Pvt Ltd reported a consolidated profit of Rs 883.39 crore and revenue from operations of Rs 9,096.62 crore for the calendar year 2024, according to a regulatory filing with the Registrar of Companies (RoC). The company's total consolidated income, which includes other income, stood at Rs 9,268.04 crore for the year. This marks the first full-year financial report under its revised reporting cycle, as PepsiCo India last year transitioned from the April–March financial year to a January–December format, PTI reported . For 2023, the company had reported a nine-month period (April to December), during which it posted revenue from operations of Rs 5,954.16 crore and a profit of Rs 217.26 crore, as per data accessed by business intelligence platform Tofler. In 2024, revenue from the company's snacks segment—including brands such as Kurkure, Lay's, Doritos, and Quaker—was reported at Rs 6,889.66 crore. The beverage segment, comprising fizzy drinks and juices under brands like Pepsi, 7UP, Slice, Tropicana, and Gatorade, contributed Rs 2,206.96 crore. Advertising and promotional expenses during the year stood at Rs 772.02 crore. Additionally, PepsiCo India paid Rs 101.84 crore in royalty to its parent company. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo Of the total revenue, Rs 8,475.37 crore came from domestic operations, while exports accounted for Rs 386.10 crore. PepsiCo India Holdings is not a publicly listed company. PepsiCo India and South Asia CEO Jagrut Kotecha said the company met its growth objectives despite a tough external environment. "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. Commenting on the financials, 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." Globally, PepsiCo's international business reported 11% organic revenue growth in the first quarter of 2025, supported by markets like India. The country also contributed to a 2% rise in the multinational's international convenient foods segment during the same period. PepsiCo entered the Indian market in 1989 and has since grown into one of the leading multinational companies engaged in the production and trade of aerated and non-aerated beverages, juices, and packaged food products. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
7 days ago
- Business
- Mint
PepsiCo India reports ₹884-crore profit after tax in 2024 after shifting to calendar year
New Delhi: Food and beverage major PepsiCo India reported revenue of ₹ 8,877 crore and profit after tax of ₹ 883.4 crore for the 12 months to 31 December 2024. These numbers are not comparable to the previous year's as the company switched from the financial year (April-March) to the calendar year. The previous filing was for a nine-month period – April 2023 to December 2024 – during which the company clocked consolidated revenue of ₹ 5,954.16 crore and a profit of ₹ 217.26 crore. In India, PepsiCo competes with Coca-Cola, ITC, Bikaji and Haldiram's. It sells beverages such as Pepsi and Mirinda as well as Lay's chips and Quaker oats. Its bottling operations are managed by its local bottling partner Varun Beverages. The company's 2024 financial results reflect sales from its packaged foods business as well as the liquid concentrate sold to its bottling partner. '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 company said in a statement. Jagrut Kotecha, CEO of PepsiCo India & South Asia, said while announcing the company'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." 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.' The company's global management has highlighted India as a top investment 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, said during an investor call last year. Last year, PepsiCo India announced an investment of ₹ 1,266 crore to establish a flavour manufacturing facility in Ujjain, Madhya Pradesh. The facility it set to begin operations in the first quarter of 2026. The company is also set to open a new plant in Tamil Nadu. Last fiscal year, rival Coca-Cola's consolidated revenue grew 4.24% to ₹ 4,713 crore, while profit fell 41.82% to ₹ 420 crore. India's packaged foods market is estimated at ₹ 3.6 trillion, and the market for carbonated soft drinks generated $18.25 billion of revenue in 2022, according to estimates by economic think tank ICRIER. In calendar year 2024, Varun Beverages' revenue from operations stood at ₹ 20,481.328 and net profit at ₹ 3433 crore. It is PepsiCo's largest franchisee in the world, with a presence in India, Nepal, Sri Lanka, Morocco, Zambia, Zimbabwe, South Africa, Lesotho, Eswatini and the Democratic Republic of the Congo.
Mint
7 days ago
- Business
- Mint
PepsiCo India reports ₹884-crore profit after tax in 2024 after shifting to calendar year
New Delhi: Food and beverage major PepsiCo India reported revenue of ₹ 8,877 crore and profit after tax of ₹ 883.4 crore for the 12 months to 31 December 2024. These numbers are not comparable to the previous year's as the company switched from the financial year (April-March) to the calendar year. The previous filing was for a nine-month period – April 2023 to December 2024 – during which the company clocked consolidated revenue of ₹ 5,954.16 crore and a profit of ₹ 217.26 crore. In India, PepsiCo competes with Coca-Cola, ITC, Bikaji and Haldiram's. It sells beverages such as Pepsi and Mirinda as well as Lay's chips and Quaker oats. Its bottling operations are managed by its local bottling partner Varun Beverages. The company's 2024 financial results reflect sales from its packaged foods business as well as the liquid concentrate sold to its bottling partner. '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 company said in a statement. Jagrut Kotecha, CEO of PepsiCo India & South Asia, said while announcing the company'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." 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.' The company's global management has highlighted India as a top investment 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, said during an investor call last year. Last year, PepsiCo India announced an investment of ₹ 1,266 crore to establish a flavour manufacturing facility in Ujjain, Madhya Pradesh. The facility it set to begin operations in the first quarter of 2026. The company is also set to open a new plant in Tamil Nadu. Last fiscal year, rival Coca-Cola's consolidated revenue grew 4.24% to ₹ 4,713 crore, while profit fell 41.82% to ₹ 420 crore. India's packaged foods market is estimated at ₹ 3.6 trillion, and the market for carbonated soft drinks generated $18.25 billion of revenue in 2022, according to estimates by economic think tank ICRIER.
