PepsiCo’s net sales in the division for Africa, the Middle East, and South Asia (AMESA), which includes India, increased 5.9% to USD 6.43 billion from USD 6.07 billion, mainly due to effective net pricing and organic volume growth.
PepsiCo, a large international food and beverage company, reported on Thursday that its Indian division achieved “double-digit organic revenue growth” in 2022.
According to PepsiCo’s earnings release, the business increased its market share in areas like India for savory snacks and beverages. In AMESA, PepsiCo’s beverage unit volume increased 14%, mostly due to double-digit growth in India.
This news is written by Mr. Manpreet Rathor, Research Assistant, All India Legal Forum.