Pepsi

PepsiCo aims to double its revenue in India over the next five years, viewing the country as a 'key anchor market' where it is making "aggressive" investments to expand its capacity, its India & South Asia CEO Jagrut Kotecha said. India will be the "engine of growth for PepsiCo" in driving its global revenue, as it ranks among the top three markets for the food, snack, and beverage multinational, where the company is experiencing double-digit growth, Kotecha shared in an exclusive interview with PTI. PepsiCo has invested in greenfield plants in Uttar Pradesh and Assam, focusing on staying ahead of the demand curve, Kotecha said, adding the company will not be "investment shy" in India and plans to open two more facilities, including one in the southern region. "We believe India will be the engine of growth for PepsiCo to drive the top line. Yes, it's not as big as North America because it is a lot more evolved category. Our per capita consumption in India is still very low, not ...

Varun Beverages recommended a final dividend of Rs 0.50 per share. The 'Record Date' is yet to be fixed by the Board of Directors of the Company

Revenue from operations rose 39.8 per cent to nearly Rs 3,818 crore, while expenses jumped 41.3 per cent due to an increase in the costs of raw materials

The Federal Trade Commission sued PepsiCo on Friday, alleging that it has engaged in illegal price discrimination by giving unfair price advantages to one big-box retailer at the expense of other vendors and consumers. The benefiting customer wasn't named in an FTC statement about the lawsuit. But a source familiar with the case, who asked not to be named because they were not authorised to it, said the retailer was Walmart. PepsiCo said the lawsuit is wrong on the facts and the law and misunderstands the way consumer product companies help retailers provide lower prices. PepsiCo strongly disputes the FTC's allegations, and the partisan manner in which the suit was filed. We will vigorously present our case in court, the company said in a statement. The FTC said PepsiCo's practices included making promotional payments to Walmart but not to large grocery chains or independent convenience stores. The FTC said that allows Walmart to lower its prices, but forces Americans to pay inflat

Tractor rivals resort to media campaigns to stamp their claim on the iconic brand

According to reports, the Group of Ministers (GoM) on GST rate rationalisation on Monday recommended a new slab of 35 per cent for tobacco, tobacco products and aerated drinks.

Los Angeles County is taking on Pepsi and Coke for their role in plastic pollution. In a lawsuit filed Wednesday, the county alleged PepsiCo and Coca-Cola companies have misled the public about the recyclability of their plastic bottles and downplayed the negative environmental and health impacts of plastic disposal. "Coke and Pepsi need to stop the deception and take responsibility for the plastic pollution problems your products are causing," LA County supervisor Lindsey Horvath said in a statement. "Los Angeles County will continue to address the serious environmental impacts caused by companies engaging in misleading and unfair business practices." Coca-Cola owns brands like Dasani, Fanta, Sprite, Vitamin Water, and Smartwater, while PepsiCo owns Gatorade, Aquafina, Mountain Dew, and more. The two companies have been ranked as the world's top plastic polluters for five consecutive years, and Coca-Cola has taken the number one spot for six years, according to global environmental

PepsiCo said Wednesday it plans to close four US bottling plants and lay off nearly 400 workers as part of its efforts to streamline its operations. The company said the closures will impact 136 workers in Cincinnati; 131 in Chicago; 127 in Harrisburg, Pennsylvania; and fewer than 50 in Atlanta. The Chicago plant is the only one that will fully close. PepsiCo confirmed that closure earlier this week. The company said sales, delivery and warehouse functions will continue at the other three locations. Earlier this month, PepsiCo lowered its sales forecast for the year as consumers in the US, China and elsewhere pulled back on buying its drinks and snacks after years of price hikes. PepsiCo's North American beverage sales fell 3 per cent in both the second and third quarters of this year. PepsiCo's net income fell 5 per cent to USD 2.9 billion in the July-September period. The company has repeatedly said it is sharply focused on efficiency and productivity gains. PepsiCo, which is ba

During the three months ending Sept. 30, its India volume growth came in at 5.7 per cent

India's $4.6 billion soft drink market has long been dominated by Coca-Cola and PepsiCo, but Reliance's entry is now causing a stir

In the AMESA (Africa, Middle east, South Asia) region the company's convenient foods unit volume declined 3 per cent in the 12 weeks ended September 7

Beverage major sees double-digit growth in convenient foods, beverages in Q2 in India

Several rounds of price hikes in the U.S. have led consumers in the region to push back on the company's sodas and juices as sticky inflation makes customers cautious with their spending

The double-digit growth of the company is better than FMCG peers

The company, which also sells Aquafina packaged bottled water, said its consolidated revenue from operations grew 13.60 per cent to Rs 5,700 crore year-on-year

The rPET bottles are being manufactured in India in partnership with Srichakra Polyplast Private Limited with the bottling partner, Varun Beverages

At 10:43 AM; with a market cap of Rs 1.02 trillion, VBL claimed the 48th spot in the overall market cap ranking, the BSE data shows.

The capital Khartoum has been brought to a standstill in the fighting that broke out on April 15, paralysing the economy and disrupting basic communications

Cola brand looking to add female brand ambassador

The US antitrust law prevents large franchises and chains from engaging in price discrimination against small businesses