PepsiCo India posts record 50% growth in volumes

NEW DELHI: PepsiCo���s India division has posted record 50% volume growth in the July-September quarter ��� the highest among all markets PepsiCo is present globally. Growth has come from a combination of factors like doubling investment in infrastructure, bottling and cooling, hiking distribution footprint by tapping onto smaller tier-two and tier-three towns and cities, introduction of beverages in multiple pack sizes and delayed rains.

For the quarter, beverages volume in the Asia/Middle East/Africa (AMEA) region grew 9%. ���India delivered strong volume growth across carbonated soft drinks and non-carbonated beverages as targeted investments in infrastructure, significant improvements in market execution and unseasonably dry weather conditions all contributed to better than 50% growth in the country,��� a statement issued by New-York based company said.

Speaking to ET, PepsiCo Chairman & chief executive officer Sanjeev Chadha said: ���The growth momentum is rapidly accelerating. Investments in market infrastructure, pricing stability, product innovations and hot weather conditions have all positively impacted the beverage business. This year, India has been the largest contributor to PepsiCo globally.���