PepsiCo has achieved double-digit organic revenue growth in India for 2024, strengthening its market position in both the snacks and beverages segments. The company’s Africa, Middle East, and South Asia (AMESA) division, which includes India, saw a 1.27% increase in net revenue, reaching USD 6.21 billion, despite challenges in other regions, particularly North America.
For the full year ending December 28, 2024, PepsiCo reported total net revenue of USD 91.8 billion, reflecting a 0.41% increase, while the fourth-quarter revenue stood at USD 27.78 billion, up 0.2% year-over-year.
Chairman and CEO Ramon Laguarta acknowledged resilience in PepsiCo’s global business despite headwinds such as muted category performance in North America, a recall affecting its Quaker Foods North America division, and disruptions due to geopolitical tensions in international markets.
The AMESA division’s revenue growth was driven by effective net pricing strategies and organic volume growth. Convenience food unit volume increased by 2%, led by mid-single-digit growth in South Africa and double-digit growth in India. Meanwhile, beverage unit volume rose by 1%, primarily reflecting strong double-digit gains in the Indian market.
In the fourth quarter alone, net revenue for the AMESA division climbed 5% to USD 2.03 billion, underlining the region’s contribution to PepsiCo’s overall growth.
Looking ahead to 2025, PepsiCo expects to achieve low-single-digit organic revenue growth. The company emphasized that consumer preferences will continue to evolve based on channel, income group, and geography, requiring adaptive and agile business strategies. Additionally, PepsiCo anticipates ongoing geopolitical uncertainties and foreign exchange volatility in the coming year.