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PepsiCo India – Net profit plunges 62% in FY22

PepsiCo India

PepsiCo India – net profit rise 62%

PepsiCo India – The biggest producer of beverages had a 24% increase in revenue. The business explains rising costs as a result of rising commodity prices and more marketing and advertising expenditures.

PepsiCo India Holdings, a significant producer of foods and beverages, saw a sharp 62% decline in net profit for FY22. It decreased to Rs 28 crore from Rs 73 crore in the previous fiscal year. According to the company’s annual report filed with the Registrar of Companies (RoC) and a thorough financial analysis derived from research platform, Tofler, overall operating revenue increased by 24% from Rs 5,032 crore to Rs 6,240 crore.

A total of Rs. 754 crore, or 12% of its total revenue, was generated by the water business (which comprises mineral and aerated waters), with the remaining Rs. The portfolio of PepsiCo India includes names like Mountain Dew, Pepsi, Sting, Lay’s, Kurkure, and Doritos. Varun Beverages manufactures, bottles, and distributes the company’s carbonated beverages.

PepsiCo India

Total expenses increased by 24% in FY22. The purchase of stock-in-trade (up from Rs 183 crore to Rs 319 crore or a rise of 74%), as well as advertising and promotional costs, are major contributions to this (increased by 31 per cent from Rs 459 crore to Rs 601 crore).

The spokesman for PepsiCo India said in a statement in response to a series of questions from Business Today that “despite inflation, PepsiCo India achieved robust double-digit growth in both revenue from operations and volume across our product portfolio for FY22. In addition, despite the difficult operating climate and macroeconomic headwinds, the company generated its fifth consecutive year of profit and saw a growth in EBIDA.