For beverages, the company stated that it held or gained share in the United Kingdom (UK), Germany, Brazil, Australia, South Korea and India among other markets
PepsiCo, a global food and beverages major has stated that it registered double-digit organic revenue growth in the Indian market in 2024, highlighting that its international business continues to remain profitable. The company also held or gained savory snack share in major markets including India during the year
In its earnings statement, the company stated that its net revenue stood at USD 91.8 billion for the full year ended on 28 December 2024, marking a 0.41 per cent increase. For the fourth quarter, the net revenue was USD 27.78 billion. The operating profit for the full year was USD 12.88 billion in 2024, compared to USD 11.98 billion in 2023.
“Our businesses remained resilient in 2024, despite subdued category performance trends in North America, the continued impacts related to a recall in our Quaker Foods North America division and business disruptions due to geopolitical tensions in certain international markets,” stated Ramon Laguarta, the Chairman and the Chief Executive Officer of the company.
As far as the beverages segment is concerned, the company stated that it held or gained share in the United Kingdom (UK), Germany, Brazil, Australia, South Korea and India among other markets. The company marked an increase in net revenue in the Africa, Middle East and South Asia (AMESA) division which includes India.
The net revenue in AMESA division was up 1.27 per cent year-on-year (YoY) as it rose to USD 6.21 billion in 2024 as compared to USD 6.13 billion in 2023. It marked an uptick in the fourth quarter of 2024 as it surged to USD 2.03 billon from USD 1.93 billion in the fourth quarter of 2023.
Emphasising that the company assumes that geopolitical uncertainty and foreign exchange volatility will remain elevated in 2025, it expects to deliver low-single-digit organic revenue growth in 2025. It added that its operating expenses will continue to reflect additional investments directed at stimulating growth and modernising the company.
