PepsiCo aims to double its revenue in India in five years, with India being a vital market for growth, according to CEO Jagrut Kotecha. In an interview with PTI, Kotecha emphasized India’s role in driving PepsiCo’s top line growth.
India ranks in PepsiCo’s top three markets, yielding substantial global revenue. Kotecha noted despite India’s smaller size than North America, its per capita consumption remains low due to categorization. He anticipates India to accelerate as one of PepsiCo’s rapidly growing markets in terms of consumption.
To meet India’s growing demand, PepsiCo invested in greenfield plants in Uttar Pradesh and Assam, with plans to open two additional facilities, including one in the south. Kotecha emphasized the company’s commitment to strategic investments for growth across different regions of the country, stating, “We will continue to invest boldly.”
Kotecha mentioned that PepsiCo aligns well with India’s 2030 vision to rank among the top three economies globally. He highlighted India’s stability and growth as reasons why PepsiCo has operated there for 30 years. Therefore, he emphasized the need to increase investment for the future.
PepsiCo’s India operations focus on “faster, stronger, better” pillars. The Indian market is divided into nine clusters based on taste preferences. PepsiCo saw double-digit revenue growth and gained market share in snacks and beverages in India. The results reflect the success of PepsiCo’s strategy catering to diverse consumer preferences.
Sources News From Various Digital Platforms, Websites, Journalists, And Agencies.
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