New Delhi ,11th Feb 2010 :PepsiCo India has grown its beverage business over 32% in the calendar year 2009, its highest volume growth in recent years. This makes PepsiCo the fastest growing beverage company in India for the second year in succession.
Each one of the company's portfolio of carbonated and non carbonated brands witnessed robust growth, with Mountain Dew emerging as the fastest growing beverage brand in the industry for the third successive year.
India is a top priority market for PepsiCo, a fact underscored by the company's decision to host its Global board meeting in Mumbai last November.
PepsiCo invested aggressively in India in 2009. The investments were spread across manufacturing, market infrastructure such as coolers, supply chain and R&D. The company's investments will continue in 2010. It recently secured clearance from FIPB to inject fresh equity of $200 million over the next two years.
"We feel extremely positive about the long term growth potential of our country, and PepsiCo is committed to being a model development partner for India" said Mr Sanjeev Chadha, Chairman, PepsiCo India.
PepsiCo entered India in 1989 and has grown to become the country's largest selling Food and Beverage Company. The group has built an expansive beverage, snack food and exports business and to support the operations are the group's 41 bottling plants in India, of which 13 are company owned and 28 are franchisee owned. In addition to this, PepsiCo's Frito Lay snack division has 3 state of the art plants. PepsiCo's business is based on its sustainability vision of making tomorrow better than today.
PepsiCo offers the world's largest portfolio of billion-dollar food and beverage brands, including 18 different product lines that each generates more than $1 billion in annual retail sales. Our main businesses - Frito-Lay, Quaker, Pepsi-Cola, Tropicana and Gatorade - also make hundreds of other nourishing, tasty foods and drinks that bring joy to our consumers in over 200 countries. With more than $43 billion in 2008 revenues, PepsiCo employs 285,000 people who are united by our unique commitment to sustainable growth, called Performance with Purpose. By dedicating ourselves to offering a broad array of choices for healthy, convenient and fun nourishment, reducing our environmental impact, and fostering a diverse and inclusive workplace culture, PepsiCo balances strong financial returns with giving back to our communities worldwide. For more information, please visit www.pepsico.com.
Mr Mrinall Kanti Dey
General Manager - Corporate Communications