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Andhra Pradesh Minister seeks support of Pepsico`s ex-CEO to build brand AP Andhra Pradesh Minister for IT and Electronics, Nara Lokesh has requested former Chief Executive Officer (CEO) of Pepsico Indra Nooyi to help build brand Andhra Pradesh. Lokesh, who is currently on a visit to the United States, had a meeting with her on the campus of the IT Survey Synergy Summit in Las Vegas. According to an official statement here on Wednesday, he sought the support of Indra Nooyi in the efforts being made by the state government to achieve sustainable economic growth....
Andhra Pradesh Minister seeks support of Pepsico`s ex-CEO to build brand AP
Andhra Pradesh Minister seeks support of Pepsico`s ex-CEO to build brand AP
Source: IANS
2024-10-30 01:55:16 pm
From PepsiCo to P&G, India becomes next big growth bet as China lags India has become the next big bet for PepsiCo, Unilever and other packaged goods giants looking to fill the growth vacuum left by an uneven recovery in China. With India's economy expanding at the fastest pace among major emerging markets, companies are trying to serve its diverse palette by launching new flavors and size variants aimed at attracting the country's vast population and untapped rural market. "While the last decade had companies focused on selling into China, ...
From PepsiCo to P&G, India becomes next big growth bet as China lags
From PepsiCo to P&G, India becomes next big growth bet as China lags
Source: Reuters
2024-08-09 12:28:15 pm
Pepsi India bottler Varun Beverages misses Q2 view on higher expenses Pepsi India bottler Varun Beverages just missed analyst expectations for second quarter profit on Tuesday, dragged by higher raw material expenses despite healthy sales. Shares of Varun Beverages, which produces and bottles popular beverages such as Mirinda, Mountain Dew and Slice, were down 5.4% at 1595 rupees as of 6:40 a.m. GMT, and is top loser in the fast-moving consumer goods index. The company, one of PepsiCo's largest franchisees outside the United States, said its consolida...
Pepsi India bottler Varun Beverages misses Q2 view on higher expenses
Pepsi India bottler Varun Beverages misses Q2 view on higher expenses
Source: Reuters
2024-07-30 01:55:51 pm
Varun Beverages inches up after its arm starts commercial production of carbonated soft drinks, packaged drinking water Varun Beverages is currently trading at Rs. 1560.30, up by 0.75 points or 0.05% from its previous closing of Rs. 1559.55 on the BSE. The scrip opened at Rs. 1560.05 and has touched a high and low of Rs. 1567.90 and Rs. 1552.95 respectively. So far 18476 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1673.70 on 19-Jun-2024 and a 52 week low of Rs. 785.00 on 24-Jul-2023. Last one week high and low of the scrip st...
Varun Beverages inches up after its arm starts commercial production of carbonated soft drinks, packaged drinking water
Varun Beverages inches up after its arm starts commercial production of carbonated soft drinks, packaged drinking water
Source: Accord Fintech
2024-07-22 12:43:56 pm
Quaker releases findings of `Bowl of Growth` initiative in building a healthier India The PepsiCo Foundation, in collaboration with PepsiCo R&D and Quaker, on Tuesday released the ‘Building A Healthier Tomorrow’ report, highlighting the success of the Quaker ‘Bowl of Growth’ program.  The report in its findings said that 89% of the children enrolled in the program experienced improved or stable growth parameters while 95.6% of the mothers and caregivers reported an increase in their children's appetite. Launched in 2023 with NGO MAMTA...
Quaker releases findings of `Bowl of Growth` initiative in building a healthier India
Quaker releases findings of `Bowl of Growth` initiative in building a healthier India
Source: IANS
2024-07-17 09:21:57 am
Varun Beverages soars on enhancing portfolio with PepsiCo Varun Beverages is currently trading at Rs. 1616.35, up by 32.75 points or 2.07% from its previous closing of Rs. 1583.60 on the BSE. The scrip opened at Rs. 1583.00 and has touched a high and low of Rs. 1633.00 and Rs. 1572.55 respectively. So far 31613 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1673.70 on 19-Jun-2024 and a 52 week low of Rs. 785.00 on 24-Jul-2023. Last one week high and low of the scrip s...
Varun Beverages soars on enhancing portfolio with PepsiCo
Varun Beverages soars on enhancing portfolio with PepsiCo
Source: Accord Fintech
2024-07-15 02:58:40 pm
Massive opportunity in India if you take a decade-long perspective: PepsiCo CEO As India strives to achieve the trillion-dollar economy sooner than expected, Ramon Laguarta, Chairman and CEO of PepsiCo, has said that the country is a big growth space for them and "is an investment area for sure".   Speaking to analysts after posting quarterly results where the company delivered net revenue growth, strong gross and operating margin expansion and double-digit EPS (earnings per share) growth, Laguarta said the opportunity is massive in India "if you t...
Massive opportunity in India if you take a decade-long perspective: PepsiCo CEO
Massive opportunity in India if you take a decade-long perspective: PepsiCo CEO
Source: IANS
2024-07-12 04:58:23 pm
Pepsi India bottler Varun Beverages` Q4 profit surges 77% on upbeat demand  Pepsi India bottler Varun Beverages reported a nearly 77% surge in its quarterly profit on Monday, as it saw double-digit volume growth across domestic and international markets even as higher costs of essentials weighed on consumers. Consolidated net profit rose to 1.32 billion rupees ($15.9 million) for the fourth quarter ended Dec. 31, compared with 747.5 million rupees in the year-ago period. Consumers in cities with higher average incomes, compared with their counterparts in ...
Pepsi India bottler Varun Beverages` Q4 profit surges 77% on upbeat demand
Pepsi India bottler Varun Beverages` Q4 profit surges 77% on upbeat demand
Source: Reuters
2024-02-05 03:17:21 pm
Varun Beverages to acquire Pepsico`s South African bottler for Rs 1,320cr The board of directors of Varun Beverages has approved to acquire 100 per cent stake in the business conducted by The Beverage Company (Proprietary) Limited, South Africa along-with its wholly-owned subsidiaries. Bevco is engaged in the business of manufacturing and distribution of licensed (PepsiCo Inc.) / own-branded non-alcoholic beverages in South Africa. Bevco has franchise rights from PepsiCo Inc. in South Africa, Lesotho and Eswatini. Further, it also has distribution rights for ...
Varun Beverages to acquire Pepsico`s South African bottler for Rs 1,320cr
Varun Beverages to acquire Pepsico`s South African bottler for Rs 1,320cr
Source: IANS
2023-12-20 11:00:12 am
Varun Beverages trades higher on incorporating subsidiary company in Mozambique Varun Beverages is currently trading at Rs. 1069.10, up by 11.20 points or 1.06% from its previous closing of Rs. 1057.90 on the BSE. The scrip opened at Rs. 1067.00 and has touched a high and low of Rs. 1073.50 and Rs. 1062.65 respectively. So far 9605 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1075.00 on 28-Nov-2023 and a 52 week low of Rs. 550.00 on 03-Feb-2023. Last one week high and low of the scrip st...
Varun Beverages trades higher on incorporating subsidiary company in Mozambique
Varun Beverages trades higher on incorporating subsidiary company in Mozambique
Source: Accord Fintech
2023-11-29 02:15:51 pm
Kedar Upadhye appointed new CFO of Biocon Biologics Kedar Upadhye has been appointed as the new Chief Financial Officer (CFO) of Biocon Biologics while current CFO, M.B. Chinappa will take on a strategic finance role at Biocon Group. These leadership changes will be effective October 31, stated an official release on Thursday.M.B. Chinappa has served as CFO of Biocon Biologics since his appointment in January 2020 and has played an integral role in developing business strategy and enabling profitable growth. He has helped secure over $500 mill...
Kedar Upadhye appointed new CFO of Biocon Biologics
Kedar Upadhye appointed new CFO of Biocon Biologics
Source: IANS
2023-10-20 09:25:15 am