PepsiCo India's FY22 Profit Declines 76.2% to Rs 41.6 crore; Revenue Up 21.6%

Food and beverage major Pepsico India Holdings Pvt Ltd's consolidated profit for FY22 declined 76.25 per cent to Rs 41.63 crore, while its revenue from operations went up 21.61 per cent to Rs 6,385.80 crore
  • Deeksha Tiwari News Correspondent
Pepsico

Food and beverage major Pepsico India Holdings Pvt Ltd's consolidated profit for FY22 declined 76.25 per cent to Rs 41.63 crore, while its revenue from operations went up 21.61 per cent to Rs 6,385.80 crore.

The company, which is not a publicly traded corporation, made a total profit of Rs 175.3 crore and its income from operations was at Rs 5,251 crore for the financial year that ended on March 31, 2021, according to financial records accessed by the business intelligence portal Tofler.

Pepsico India Holdings' other income in FY22 was down 27 per cent at Rs 82.34 crore.

While the company's overall revenue, which includes sales of well-known brands like Pepsi, Lay's, Kurkure, and Tropicana, increased by 20.58% to Rs 6,468.14 crore for the fiscal year that ended on March 31, 2022.

In response to PTI's inquiry, a PepsiCo India representative stated that the company had robust double-digit growth in both operating revenue and volume for FY22, despite inflation.

The entire tax charge for Pepsico India Holdings increased by 58.32% to Rs 36.89 crore in FY22, while overall expenses increased by 23.7% to Rs 6,389.62 crore.

PepsiCo began doing business in India in 1989 and has since expanded to become one of the biggest MNC food and beverage companies there.

In FY22, the company's beverage division revenue increased 10.61% to Rs 1,014 crore.

While its food category revenue increased by about 24% to Rs 5,371.80 billion.

PepsiCo India Holding reported export revenue of Rs 106.14 crore in FY22, an increase of 2.58 percent. A year ago, it was worth Rs 103.47 crore.

The business kept spending money in FY22 on both customer-facing activations and expanding capacity for future expansion.

PepsiCo India is "strongly poised" to take advantage of the rising consumer demand in the future as it continues to invest in the nation, diversifies its product offerings to meet shifting consumer preferences, expands operations, and further boosts consumer touch points, particularly in the wake of the Covid pandemic.

In addition, the spokesperson stated, "We shall continue our community efforts through our commitment to being PepsiCo positive, a strategic end-to-end transformation initiative with sustainability at the centre to create growth and value by operating within planetary boundaries and inspiring positive change for the planet and people.

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