PepsiCo's food and beverage business posts growth in India during Q3
Article excerpt
India was among the international markets where PepsiCo reported "broad-based increases" in both its food and beverage businesses during the third quarter of 2026, helping to drive the performance of the segment. In the convenient foods segment, PepsiCo said organic revenue growth was broad-based, with India featuring among the best-performing markets. Similarly, in beverages, India was among the major contributors to organic revenue growth in the third quarter ended on September 5, 2026. The company also said it held or gained market share in the beverages and savoury snacks in India during the period. PepsiCo's international organic revenue growth accelerated to 8 percent in the third quarter, marking its 22nd consecutive quarter of at least mid-single-digit organic revenue growth. Its core operating profit increased 16 percent, while core operating margin expanded by 105 basis points. PepsiCo's Asia Pacific Foods net revenue for the 12-week (3-month) period increased 10 percent, reflecting organic volume growth and a 1-percentage-point impact of favourable foreign exchange translation. "Unit volume grew 11 percent, primarily reflecting broad-based increases, led by India," said PepsiCo in its earnings. Asia Pacific Foods consists of convenient food businesses in Asia Pacific, including China, Australia and New Zealand, as well as India. PepsiCo's International Beverages...
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It is expanding its manufacturing footprint, backed by an investment of around Rs 5,700 crore by 2030 to scale up capacity and strengthen its regional footprint.