PepsiCo India net profit surges to ₹255.75 crore, to set up new snacks plant in Assam.

PepsiCo India’s net profit surged to ₹255.75 crore in FY23, up from ₹27.87 crore in FY22, marking its sixth year of profitable growth. Total revenue was up about 29 per cent to about ₹8,129 crore as per the company’s latest RoC filing. The company said it will continue to focus on the strategic growth path and is looking to set up its fifth snacks plant, in Assam.

Ahmed ElSheikh, President, PepsiCo India, told businessline that despite inflationary pressures, the company delivered a strong double-digit revenue growth which was broad-based and supported by both foods and beverages segments.

 “In the beverage segment, top-line growth was driven by a strong summer season and uptick in rural demand in FY23. We also focused on expanding distribution. In the foods segment, we saw an underlying volume growth backed by innovations such as Lays Gourmet and Doritos Sizzlin Hot. We also focused strongly on strengthening our presence in affordable pack prices such as ₹5 price,” he added. He said the company was able to expand margins, and growth in profits was driven by net revenue realisation, dialling up productivity and leveraging on scale.

HBL