Pepsico India Holdings has reported a consolidated revenue of Rs 5,954.16 crore from operations for the nine-month period of April-December 2023, according to financial data accessed by Tofler. The company's profit stood at Rs 217.26 crore during this period. Total income, including other income, was Rs 6,094.70 crore.
It's worth noting that Pepsico India Holdings has changed its financial year from April-March to January-December, resulting in the release of three quarters' results for 2023. From January 2024, the company will follow the calendar year as its financial year.
Breaking down the revenue, domestic sales contributed Rs 5,533.63 crore, while exports accounted for Rs 266.19 crore of the total revenue. As a privately held entity, Pepsico India Holdings is not publicly listed.
Revenue from the snacks business in which it operates with brands including Kurkure, Lays, Doritos and Quaker was at Rs 4,763.29 crore.
Pepsico India's revenue from the beverages business in which it operates with fizz-based drinks and juices with brands such as Pepsico, 7up, slice, Tropicana, and Gatorade was at Rs 1,036.53 crore for the nine months.
Advertising promotional expenses in April-December 2023 were at Rs 694.52 crore.
On the results, a PepsiCo India Spokesperson said: "In this 9-month period compared to the earlier 12-month period, PepsiCo India delivered resilient topline performance amid a challenging external environment."
"Demand for our brands remained robust backed by strong marketing campaigns, marketplace execution, and consistent focus on end-to-end productivity. We remain committed to our growth in India and continue to invest behind our brands and marketplace infrastructure to build scale while maintaining margins in what will remain a high-demand market for many years."
For financial year 2022-23, which was of 12 months, PepsiCo India's revenue from operations was at Rs 8,203.19 crore and its total profit was at Rs 267.43 crore. Total income was Rs 8,302.34 crore.
Earlier this month, during an investors' call, PepsiCo Chairman and CEO Ramon Laguarta said India is a “high demand market”, where it is investing to scale up the infrastructure.
The company is investing in the brands to build up scale to capture the growth opportunity, he had said.
“We continue to see a lot of growth in many parts of the AMESA( Africa, Middle East & South Asia) region, in particular India is a big growth space for us and it’s an investment area for sure,” Laguarta had said.
In the second quarter (April-June) of 2024, its global parent company PepsiCo logged double-digit growth in beverages volume and convenience foods unit volume in the Indian market.
For the first quarter(January-March), the New York-headquartered multinational reported a "high single-digit growth” in its beverage unit volume and a a “double-digit growth” in convenient foods business in the Indian market.
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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