With significant contributions from brands like Kurkure, Lays, Doritos, and Tropicana, Pepsico India Holdings’ operations in 2024 generated a consolidated revenue of ₹9,096.62 crore, marking a profit of ₹883.39 crore, the company said in a filing to the registrar of companies (RoC).
The total consolidated income of PepsiCo India Holdings, which includes other income, was at ₹9,268.04 crore for the entirety of 12 months last year, it added. The company had changed its financial year from April-March to January-December period in 2024. To accommodate this change, it had filed results for nine months in 2023 (from April to December).
In the nine months ended in December 2023, it had reported a consolidated revenue from operations at ₹5,954.16 crore, while its profit stood at ₹217.26 crore, according to the financial data accessed by the business intelligence platform, Tofler.
In 2024, PepsiCo’s revenue from the snacks business alone was at ₹6,88,966 crore. Its revenue from beverages, including fizzy drinks from brands such as Pepsi, 7up, Slice, Tropicana, and Gatorade was at ₹2,206.96 crore.
Revenue from the domestic market was at ₹8,475.37 crore, while exports contributed ₹386.10 crore to the total revenue of the company, which is not a publicly listed entity.
The company’s expenses, such as those from “advertising promotional” were at ₹772.02 crore in 2024. Besides, it has paid a royalty of ₹101.84 crore to its parent firm in 2024.
PepsiCo India and 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 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,” Kotecha added.
PepsiCo India and South Asia Vice President and CFO Kaushik Mitra said there was significant improvement in profit margins despite the “figures not directly comparable year-on-year due to the shift in the financial reporting calendar”.
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.
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