PepsiCo Accelerates Investment in India's High-Demand Market

PepsiCo's Chairman and CEO, Ramon Laguarta, announced the company's plans to boost infrastructure investments in India, recognizing it as a high-growth market. PepsiCo reported a double-digit growth in both beverage and convenient foods volume in India, contributing to overall growth in the AMESA region for Q2 2024.

India has emerged as a 'high-demand market' for global food and beverage giant PepsiCo. Chairman and CEO Ramon Laguarta revealed on Thursday that the company is increasing investments to enhance its infrastructure in the country.

"We continue to see substantial growth in many parts of the AMESA region; India, in particular, presents a significant growth space and investment opportunity," said Laguarta during an investor call. He added, "The potential is massive over a decade, and we aim to build the necessary scale to capitalize on this long-term demand."

In its second-quarter earnings report for 2024, PepsiCo highlighted double-digit growth in beverage volume in India, leading to a 2% overall increase in the AMESA region. Similarly, the convenient foods unit in India also saw double-digit growth in the April-June period.

(With inputs from agencies.)