For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Pepsico net profits in line; rejig in operations possible

    |
    Pepsico net profits in line; rejig in operations possible
    Pepsico has reported profits for the first quarter of the year that largely met expectations at $1.08 billion. Though profits dropped by 5 per cent, these were largely in line with expectations. Profits at Pepsico fell on restructuring costs and as a result of hit from the depreciation of the Venezuelan currency.
     

    Pepsico is the maker of the popular Pepsi sodas, Tropicana juices, Frito-Lay snacks and Quaker oatmeal. Speculations are now rife that the company would break up the snacks and the beverages business into two. The beverage business has not been performing as well as the snacks business.

    Analysts are reading into comments made by Indra Nooyi of a possible split in the businesses of the company by breaking it up. "We're taking out costs to drive margin and improve returns under our current structure while we continue our work to explore sensible opportunities to unlock incremental value through meaningful structural alternatives."

    Pepsico entered India in 1989. One of the largest food and beverage businesses in India, PepsiCo India's diverse portfolio includes iconic brands like Pepsi, Lay's, Kurkure, Tropicana 100%, Gatorade and Quaker.

    The company sponsors the prestigious IPL cricket league in India. 

    GoodReturns.in

    Read more about: pepsi
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more