PepsiCo says India among key markets that led growth for international biz in Q1

PepsiCo on Thursday said India was among the key markets that led growth for its international beverage and snacks businesses in the first quarter of CY2025.

“Our International beverages business performed well and delivered 11 percent organic revenue growth. The growth was driven by performance in China, India, Egypt, Turkey, Mexico, Brazil, the UK . and Australia,” the US-based snacks and beverage major stated.

The company added that its international convenient foods business delivered 2 percent organic revenue growth in the March quarter. “The growth was driven by Brazil, India, Egypt and Turkey,” the company added.

On the earnings call, the company’s senior management said, “The international business continues to be the largest growth engine for the company, and we continue to invest in that business ……We’re seeing Europe navigating quite well. The first signs that we have in Europe are positive. We’re seeing India in a good place. We’re seeing Brazil in a good place. So overall, the portfolio of markets where we have the highest percentage of business are in a positive place.”

PepsiCo India has been steadily expanding its snacks manufacturing capacity in India. The company is next planning to set up a snacks plant in Mannapparai in Tamil Nadu. Earlier this month, the State Industrial Promotion Corporation of Tamil Nadu (SIPCOT) has allocated 27.96 acres of land to PepsiCo at the industrial park to set up a snacks plant.

In 2023, the company announced setting up of a plant in Assam with an investment of ₹778 crore. This is likely to become operational in 2025 or early 2026. In the past, it has made significant investments in setting up and expanding one of its largest greenfield food plant in Uttar Pradesh.

Published on April 24, 2025