PepsiCo India reports consolidated profit at ₹883 crore in 2024, revenue at ₹9,097 crore

PepsiCo India Holdings on Wednesday, May 28, reported a consolidated net profit of ₹889.39 crore in 2024. Furthermore, the company’s revenue from operations stood at ₹9,096.62 crore during the same period.

PepsiCo’s total income was at ₹9,268.04 crore during the year, the firm said in a filing to the Registrar of Companies (RoC).

This is the full report for 12 months, as PepsiCo changed its financial year from April-March to January-December last year. In 2023, it filed results for nine months (from April to December) to implement the change.

The beverage maker had clocked a consolidated net profit of ₹217.26 crore in the nine months ended December 2023, while its revenue was at ₹5,954.16 crore, according to the financial data accessed by the business intelligence platform Tofler.

In 2024, PepsiCo's revenue from the snacks business, in which it operates with brands including Kurkure, Lays, Doritos and Quaker, stood at ₹6,88,966 crore.

Revenue from the beverage business, in which it operates with fizz-based drinks and juices with brands such as Pepsi, 7up, Slice, Tropicana, and Gatorade, was at ₹2,206.96 crore.

PepsiCo India's "Advertising promotional" expenses were at ₹772.02 crore in 2024. Besides, it has paid a royalty of ₹101.84 crore to its parent firm in 2024.

Revenue from the domestic market was at ₹8,475.37 crore, while exports contributed ₹386.10 crore to the total revenue of the company, which is not a publicly listed entity.

PepsiCo India & South Asia CEO Jagrut Kotecha said the company has delivered on its growth targets in 2024.

Over the past 12 months, the FMCG industry in India has shown remarkable resilience in the face of a challenging external environment, where it witnessed a slowdown in urban consumption along with inflationary pressures, he said.

"In this context, PepsiCo India's strong performance in 2024 across food and beverage categories is a testament to its dynamic marketing, marketplace execution, and consumer-centric innovation. None of this would've been possible were it not for the incredible talent & teams that we have worked at building and nurturing, and I am confident that this has set us up to deliver on our bold growth ambition over the next five years," Kotecha added.

PepsiCo India and South Asia Vice President & CFO Kaushik Mitra said, "While these figures are not directly comparable year-on-year due to the shift in our financial reporting calendar, the significant improvement in our profit margins over the last three reporting periods underscores the strength of our business model and our momentum in the market."

In the first quarter of 2025, the New York-headquartered multinational had reported an 11% organic revenue growth in its international business, helped by markets including India.

India also helped PepsiCo to grow its international convenient foods business by 2% in the first Quarter of 2025.