India contributes to international business growth as PepsiCo’s Asia Pacific Foods and beverages businesses report higher volumes during the June quarter
American food and beverage major PepsiCo on Thursday said its India business delivered strong volume growth during the June quarter of calendar year 2026, helping drive a 7 per cent increase in organic revenue across its international business. The company follows the January-December financial year and did not disclose India’s exact volume growth.
PepsiCo said growth in its international foods business was broad-based, with Mexico, Colombia, Argentina, India, China, Germany and Poland among the key contributors during the quarter. The company’s international beverages business also recorded healthy organic revenue growth, supported by the UK, Brazil, Colombia, Argentina, Egypt, Türkiye, Germany, Poland, Saudi Arabia and India.
“Year to date, we held or gained savoury snack share in China, Brazil, India, Egypt. For beverages, we held or gained share in the UK, Philippines, Germany, Argentina, Australia, Spain, India, Thailand, Guatemala, Egypt and Vietnam,” the company’s senior management said in prepared remarks.
Regulatory filings showed PepsiCo’s Asia Pacific Foods business reported 10 per cent unit volume growth during the quarter, driven by India. The International Beverages Franchise recorded 5 per cent unit volume growth, reflecting broad-based gains across markets, led by India.
“Year-to-date, PepsiCo’s global organic volume has increased at the highest rate since 2022 – aided by the strength of the international business and the continued evolution of the portfolio,” said PepsiCo Chairman and Chief Executive Officer Ramon Laguarta.
Global Performance
Globally, PepsiCo reported stronger-than-expected second-quarter earnings. Net revenue rose 6.4 per cent year on year to USD 24.18 billion, while organic revenue increased 2.4 per cent, supported by favourable pricing and higher volumes. The company maintained its full-year guidance, projecting organic revenue growth of 2 per cent to 4 per cent and core constant-currency earnings per share growth of 4 per cent to 6 per cent.
The performance underscores the growing importance of international markets, particularly India, in PepsiCo’s global growth strategy. The company has continued to expand its manufacturing footprint in the country to support rising demand.
In calendar year 2025, PepsiCo India reported revenue of Rs 9,798 crore, up 8 per cent from the previous year, while profit after tax rose to Rs 905 crore, supported by growth in its foods portfolio. In May, the company said it would invest Rs 5,700 crore by 2030 to expand production capacity in India.
