PepsiCo India reports US$103.3M profit in CY 2024  

INDIA – PepsiCo India has reported a consolidated net profit of Rs 883.39 crore (US$103.3M) and revenue of Rs 9,096.62 crore (US$1.06B) for the calendar year 2024 (CY24), marking its first full-year financial reporting under the revised January–December format. 

The company transitioned from the traditional April–March fiscal year to the calendar year model in 2023. During that initial nine-month transition period (April–December 2023), 

PepsiCo India had posted revenue of Rs 5,954.16 crore (US$696.6M) and net profit of Rs 217.26 crore. 

In CY24, PepsiCo’s food business accounted for 75% of its consolidated revenue, generating Rs 6,889.66 crore (US$806M), while its beverage segment contributed Rs 2,206.96 crore (US$2058.2M). 

The beverage portfolio includes major brands such as Pepsi, 7UP, Slice, Tropicana, and Gatorade. 

Jagrut Kotecha, CEO of PepsiCo India & South Asia, stated, “Over the past 12 months, the FMCG industry in India has shown remarkable resilience in the face of a challenging external environment.  

In this context, PepsiCo India’s performance in 2024 across food and beverage categories is a testament to its dynamic marketing, marketplace execution, and consumer-centric innovation.” 

PepsiCo India operates differently from some of its competitors. Unlike Coca-Cola India, which manages approximately half of its bottling operations through Hindustan Coca-Cola Beverages, PepsiCo India outsources all its bottling operations to franchise partners, including Varun Beverages Limited (VBL)—one of its key global bottlers. 

In 2024, Varun Beverages reported consolidated revenue of Rs 20,481.32 crore (US$2.4B) and net profit of Rs 3,433 crore (US$401.6M), according to its regulatory filings.  

PepsiCo India, being a private entity, does not disclose detailed financial data in public stock exchanges. 

PepsiCo’s global leadership has reiterated its commitment to investing in India, identifying the country as a key growth driver within its AMESA region (Africa, Middle East and South Asia). 

Speaking during a recent investor call, PepsiCo Chairman and CEO Ramon Laguarta emphasized, “We continue to see a lot of growth in many parts of our AMESA region. In particular, India is a big growth space for us and it is an investment area for sure.” 

The company has been scaling its operations in India through product innovation, expanded retail presence, and strategic bottling partnerships. 

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