PepsiCo India Reports Rs 883 Crore Profit for 2024, Revenue Details Pending

PepsiCo India Holdings Pvt Ltd has announced a consolidated profit of ₹883.39 crore for the calendar year 2024, alongside revenue from operations amounting to ₹9,096.62 crore. This marks the company’s first full-year financial report since it shifted its reporting cycle from an April-March year to a January-December format. The total consolidated income, which includes other income, reached ₹9,268.04 crore. This performance comes on the heels of a challenging economic environment, yet the company has demonstrated resilience and growth in its food and beverage segments.

Financial Performance Overview

In its latest regulatory filing with the Registrar of Companies, PepsiCo India reported significant financial achievements for 2024. The company’s total consolidated income, which encompasses both operational revenue and other income, stood at ₹9,268.04 crore. This figure reflects a notable transition as the company adapts to its new financial reporting calendar. For the previous year, PepsiCo India reported a nine-month period from April to December, during which it generated ₹5,954.16 crore in revenue and a profit of ₹217.26 crore. The shift to a January-December reporting cycle allows for a clearer view of the company’s annual performance.

Segment Contributions

PepsiCo India’s revenue streams are diverse, with the snacks segment leading the charge. In 2024, the snacks division, which includes popular brands such as Kurkure, Lay’s, Doritos, and Quaker, generated ₹6,889.66 crore. Meanwhile, the beverage segment, featuring well-known products like Pepsi, 7UP, Slice, Tropicana, and Gatorade, contributed ₹2,206.96 crore to the overall revenue. The company also reported advertising and promotional expenses of ₹772.02 crore and paid ₹101.84 crore in royalties to its parent company. Notably, domestic operations accounted for ₹8,475.37 crore of the total revenue, while exports contributed ₹386.10 crore.

Leadership Insights

Jagrut Kotecha, CEO of PepsiCo India and South Asia, expressed pride in the company’s performance despite external challenges. He highlighted the resilience of the fast-moving consumer goods (FMCG) sector in India, which has faced urban consumption slowdowns and inflationary pressures. Kotecha emphasized that PepsiCo India’s success in 2024 is a result of effective marketing strategies, marketplace execution, and a focus on consumer-centric innovation. He credited the company’s talented workforce for achieving these results and expressed confidence in their ability to meet ambitious growth targets over the next five years.

Market Context and Future Outlook

Kaushik Mitra, Vice President and CFO of PepsiCo India and South Asia, noted that while the financial figures are not directly comparable year-on-year due to the reporting calendar change, the improvement in profit margins over the last three reporting periods highlights the strength of the company’s business model. On a global scale, PepsiCo’s international business reported an 11% organic revenue growth in the first quarter of 2025, with India playing a significant role in this expansion. The company, which entered the Indian market in 1989, has established itself as a leader in the production and trade of beverages and packaged food products, continuing to adapt and thrive in a competitive landscape.

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