 "CEO Ramon Laguarta, pepsico")
Snacks & beverages major PepsiCo said it had registered double-digit decline in its India revenue between April and June. The firm’s sales of snacks and beverages during the period was hit as lockdowns kept sporting events off ground and hotels, malls, restaurants, and multiplexes shut to contain the spread of Covid-19.
A six percentage-point impact on its net revenue in India, due to a prior-year refranchising of a portion of its beverage business, brought down its net revenue for the Africa, Middle East, and South Asian (AMESA) region by 1 per cent during the period. Its beverage volume uptake for AMESA
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