PepsiCo Records Double-Digit Organic Revenue Growth in India for March quarter
April 26, 2023: PepsiCo, the American multinational food, snack, and beverage corporation, has reported double-digit organic revenue growth in India for the March quarter, reflecting the growing demand for its products in the country.
The company reported a 17% increase in its organic revenue in India during the quarter, with sales reaching $1.5 billion.
PepsiCo’s strong performance in India was driven by the company’s focus on innovation, digital transformation, and sustainability.
The company introduced new products and flavors in the market, including its popular brands like Pepsi, Lays, Kurkure, and Tropicana, which saw increased sales during the quarter.
PepsiCo has been investing heavily in digital transformation, with a focus on e-commerce and online sales channels.
The company has also been working on reducing its carbon footprint and water usage in its operations in India, as part of its sustainability efforts.
Commenting on the company’s performance, PepsiCo India President, said, “Our strong results in the first quarter reflect our continued commitment to investing in our brands, driving innovation, and supporting our customers and communities.
We remain optimistic about the long-term growth prospects in India and are confident in our ability to deliver sustainable growth for all our stakeholders.”
PepsiCo’s strong performance in India comes at a time when the country is facing a surge in COVID-19 cases and related restrictions on movement and business operations.
Despite these challenges, the company’s focus on innovation and sustainability has helped it to continue delivering strong results in the country.
|Are you an
Entrepreneur or Startup?
Do you have a Success Story to Share?
SugerMint would like to share your success story.
We cover entrepreneur Stories, Startup News, Women entrepreneur stories, and Startup stories