Led by good performance in markets including India, the company’s international convenient foods business delivered 4 per cent organic revenue growth in the second quarter
PepsiCo, a global food and beverages major, has reported a 1 per cent uptick in its net revenue in the second quarter. The net revenue rose to USD 22.72 billion in the 12 weeks ended 14 June 2025 as compared to USD 22.5 billion in the corresponding period of the previous year.
PepsiCo reported second-quarter net income attributable to the company of USD 1.26 billion, down from USD 3.08 billion a year earlier. The company’s international convenient foods business delivered 4 per cent organic revenue growth in the second quarter, driven by good performance in markets including India, Mexico, Brazil, and others.
“We are encouraged by the acceleration in our net revenue growth versus the previous quarter, with our businesses effectively navigating through a challenging environment. Our international business momentum continued, while our North America businesses improved their execution and competitiveness in key subcategories and channels,” said Ramon Laguarta, Chairman and Chief Executive Officer (CEO).
While the company’s international beverages business performed well and delivered 9 per cent organic revenue growth in the second quarter, its international business franchise (IBF) segment had a decline in India in the same period. “Unit volume grew 1 per cent, primarily reflecting growth in the Middle East, China and Pakistan, partially offset by a decline in India,” it said. However, it the first half of 2025, the company’s unit volume grew 2 per cent, primarily reflecting growth in the Middle East, China, Pakistan, India and Mexico.
“As we look ahead, we will continue to build upon the successful expansion and growth of our International business and accelerate initiatives to improve our North America business performance. These initiatives include more portfolio innovation and cost optimisation activities that aim to stimulate growth and profitability,” Laguarta added.
For 2025, the company continues to expect a low-single-digit increase in organic revenue, total cash returns to shareholders of approximately USD 8.6 billion, comprised of dividends of USD 7.6 billion and share repurchases of USD 1 billion, the official earnings statement added.
