Tuesday, October 22

Tag: PepsiCo

Balaji Wafers: With over Rs 5,000 crore sales, how a Rajkot-based company is in the league of Haldiram’s, PepsiCo
1Dec By adminNo Comments
Business

Balaji Wafers: With over Rs 5,000 crore sales, how a Rajkot-based company is in the league of Haldiram’s, PepsiCo

Balaji Wafers, a regional snacking company, has achieved a significant milestone by crossing the annual sales mark of Rs 5,000 crore in the fiscal year ending March 2023. The Rajkot-based company witnessed a 24% growth in sales, with revenues reaching Rs 5,010 crore compared to Rs 4,034 crore in the previous year. Interestingly, multinationals such as PepsiCo have in the past wanted to buy out Balaji Wafers.In comparison to other major players in the industry, Balaji's sales figures are impressive. Jubilant Foodworks, the company behind Domino's Pizza, Dunkin Donuts, and Popeyes restaurants, recorded sales of Rs 5,158 crore in the same fiscal year. Nestle's Maggi noodles, sauces, seasonings, pasta, and cereals division reported annual sales of Rs 5,300 crore. It's worth noting that Balaji...
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New York AG Files Lawsuit Against PepsiCo, Alleging Pollution of Buffalo River
15Nov By adminNo Comments
World

New York AG Files Lawsuit Against PepsiCo, Alleging Pollution of Buffalo River

Nov. 15, 2023 12:19 pm ETThe attorney general of New York has filed a lawsuit alleging PepsiCo’s production of single-use plastic is polluting the Buffalo River.Letitia James said Wednesday that PepsiCo’s single-use plastic production contributes significantly to high levels of plastic pollution along the Buffalo River that is contaminating drinking water and harming wildlife.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Disney Names PepsiCo Executive Hugh Johnston as Its New Financial Chief
6Nov By adminNo Comments
World

Disney Names PepsiCo Executive Hugh Johnston as Its New Financial Chief

Walt Disney has named Hugh Johnston senior executive vice president and chief financial officer, plucking the finance executive from snacks and beverage giant PepsiCo.Disney on Monday said Johnston, 62 years old, will join the Burbank, Calif., entertainment titan on Dec. 4 after spending more than three decades with PepsiCo, where he has been chief financial officer since 2010.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Coca-Cola sees double-digit volume growth in India in third quarter
25Oct By adminNo Comments
Business

Coca-Cola sees double-digit volume growth in India in third quarter

Beverage major Coca-Cola on Tuesday said it witnessed double-digit volume and top line growth in India in the third quarter ended September 29. It reported an 8 per cent Year-on-Year (Y-o-Y) jump in net revenue to $12 million, while the operating income grew 6 per cent to touch $3,270 million in the same period. "In India, we delivered double-digit volume and top line growth, which resulted in value share gains in the past three years,"  James Quincy, chief executive officer (CEO), Coca-Cola Company told investors after announcing its third-quarter results. "We are winning in the (India) market by creating 2.6 billion transactions at affordable price points and driving availability across rural regions," he added. Unit-based volumes for the Atlanta-based...
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Haldiram’s packaged snacks sales hit $1.1 billion as Indians prefer desi snacks over Western chips
28Sep By adminNo Comments
Business

Haldiram’s packaged snacks sales hit $1.1 billion as Indians prefer desi snacks over Western chips

Haldiram's, the renowned traditional sweets and snacks brand, achieved a significant milestone in the fiscal year ending March 2023, raking in over a billion dollars in revenue from packaged snacks, according to an ET report. This accomplishment underscores the preference of Indian consumers for desi snacks over Western alternatives like chips.According to data sourced from Nielsen and corroborated by industry insiders, Haldiram's recorded snack sales of Rs 9,215 crore ($1.1 billion) during this period, reflecting a substantial 19% surge compared to the previous year. By contrast, PepsiCo's snack sales stood at Rs 6,430 crore ($773 million), while Balaji Wafers, based in Gujarat, amassed Rs 5,296 crore ($637 million) in sales.Haldiram's surpassed PepsiCo in India's snack market roughly fi...
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