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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
7 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
Time of India
21-05-2025
- Health
- Time of India
Ayush Secretary Vaidya Rajesh Kotecha gets fourth extension
New Delhi: The Centre on Tuesday extended the tenure of Ayush Secretary Vaidya Rajesh Kotecha by a year till June 28, 2026. This will be his fourth extension on the post. The Appointments Committee of the Cabinet has approved the extension in the tenure of Kotecha, Secretary, Ministry of Ayush, on contract basis for a period of one year beyond June 28, 2025, up to June 28, 2025, on existing terms and conditions, said an order issued by the Personnel Ministry. Kotecha is among the select group of lateral entry appointees who were picked by the Centre as specialists for government departments. In another departure from the convention of appointing a bureaucrat to the top post, the Centre had in 2017 appointed him as the Secretary of the Ministry of Ayush ( Ayurveda , Yoga & Naturopathy, Unani, Siddha and Homeopathy). He was given two-year extensions twice, first in 2020 and then in 2022. In June last year, his tenure was extended by one more year, which was to end on June 28, 2025. Kotecha, who was a chief consultant at the Chakrapani Ayurveda Clinic in Jaipur, was appointed as a Special Secretary in the Ayush Ministry in June 2017. Later, he was appointed as the secretary. The Ayush Ministry was formed on November 9, 2014, to revive the profound knowledge of ancient systems of medicine with focused attention towards education and research in Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy. Earlier, the Department of Indian System of Medicine and Homoeopathy (ISM&H) formed in 1995 was responsible for the development of these systems.
Hans India
06-05-2025
- Business
- Hans India
Ayush manufacturing sector grew 8x in last 10 years, huge potential for economy, export: Centre
New Delhi: The Ayush manufacturing sector grew eight times in the last decade, and the sector has huge potential for boosting the economy and export, said Vaidya Rajesh Kotecha, Secretary, Ministry of Ayush. He was speaking at the stakeholder consultation meeting along with the Department of Agriculture and Farmers Welfare, in the national capital. The meeting aimed to promote the cultivation and use of medicinal plants across the country, observing participation from other ministries such as the Ministry of Agriculture and Farmers Welfare, Ministry of Food Processing Industries, National Plant Medicinal Board (NPMB), State Horticulture Missions (SHMs), ICAR, State Medicinal Plant Boards, progressive farmers and leading private players from Medicinal Plant industry. 'There is a huge possibility of growth in Ayush sector. The Ayush manufacturing sector has grown by 8 times in the last 10 years and has vast export potential. The sector has enormous economic opportunities, and especially after the Covid-19 pandemic, the demand for Ayush products including medicinal plants has grown immensely,' said Kotecha. Devesh Chaturvedi, Secretary, of the Agriculture Ministry, highlighted the scope of the Ayush sector in increasing the domestic production of medicinal plants as inter-state trade and export of medicinal plants. 'We need better convergence between the Ministry of Ayush and Agriculture departments and collaboration with State Medicinal Plant Boards, to promote medicinal plants at the national level,' he said. Chaturvedi stressed that there is a need for a mission-mode programme for medicinal plant cultivation, identifying good practices of cultivation, efficient techniques, etc., which will help in the upliftment of the sector. The meeting focussed on exploring avenues for developing region-specific medicinal plant clusters; facilitating partnerships between farmers and industry players for assured procurement and end-to-end value chain development; discussing the establishment of dedicated mandis and marketing platforms to ensure fair prices for farmers; and promoting research, training, and extension services to build capacity among stakeholders. The participants and stakeholders also suggested identifying crop-specific areas for the establishment of clusters dedicated to medicinal plants. These clusters would focus on area expansion, production, industry partnerships, farmer training, and marketing through setting up specialised mandis for these crops ensuring remunerative prices to the farmers. The experts also emphasised the need to identify policy interventions and financial incentives to encourage farmers to take up the cultivation of medicinal plants.
