New Delhi: PepsiCo reported a strong performance in India for the second quarter of 2024, driven by impressive double-digit volume growth in both its Convenient Foods and beverage categories. This robust performance by the Indian market played a key role in propelling the company’s overall growth in the Africa, Middle East, and South Asia (AMESA) region.
“We’re seeing continued growth across many parts of the AMESA region, with India emerging as a particularly significant growth engine for PepsiCo,” said Ramon Laguarta, Chairman and CEO of PepsiCo, during the company’s Q2 2024 earnings call. “India presents a massive opportunity, and we’re making strategic investments to capitalize on this high-demand market for years to come.”
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Strong Growth Across Snack and Beverage Categories
PepsiCo’s Indian market witnessed exceptional growth, with both its Convenient Foods and beverage segments experiencing a surge in volume. The Convenient Foods unit, which includes popular snack brands like Lays and Kurkure, saw double-digit growth, while the beverage unit, boasting Pepsi and Tropicana among others, achieved impressive double-digit growth as well.
A Global Snack and Beverage Leader
PepsiCo’s success in India reflects a broader trend. The company managed to hold or gain market share in savory snacks across key markets like India, China, Brazil, Australia, and Pakistan year-to-date. Similarly, the beverage segment maintained or expanded its market share in countries including Australia, South Korea, China, and Brazil.
Investing in the Future
PepsiCo’s commitment to the Indian market is evident. The company is actively investing in building infrastructure and strengthening its brand presence across the country. This strategic focus positions PepsiCo to capture a significant share of the growing demand for its products in India for years to come
