July 13, 2018
PepsiCo India has stated that it has recorded a mid-single-digit growth in organic revenues in the quarter ended June 16, marking its third consecutive quarter of growth.
According to PepsiCo Chairman and CEO Indra Nooyi, the company continued to see solid growth across many of its key international markets.
Talking about the performance in Asia, Middle East and North Africa region in the second quarter, she said: “We had strong double-digit organic revenue growth in China and Egypt, high single-digit organic revenue growth in Pakistan and Australia and solid mid-single-digit organic revenue growth in India.”
Nooyi added that strong marketplace execution, combined with stable macro conditions, have led to this solid growth across many of the company’s international markets.
PepsiCo India President & CEO Ahmed El Sheikh had pointed out that since the fourth quarter last year the growth for the company in India has been positive. He had also said that the company sees potential to double its India business in the next seven-eight years in line with the growth of the Indian economy.
In recent times, the company has taken several strategic decisions to aggressively grow the distribution of its juices portfolio, in a bid to double Tropicana business in India by 2020. At the same time, it has launched new innovations to take on regional competitions in snacks and beverages.
The company is also targeting to double sales volume of its snacks brand Kurkure in the next four to five years.