PepsiCo India snacks & beverages grew in double digits in May quarter

The growth, however, comes on the back of a low base effect of the March-May 2020 quarter, which had seen a significant decline in beverages sales amid the first wave of the Covid-19 pandemic.

PepsiCo India’s snacks and beverages businesses grew in double digits year on year in the second quarter ended May, signalling higher in-home consumption amid the second wave of the pandemic, the New York-based company said on Tuesday.

“Beverage sales overseas improved, with double-digit organic revenue increases in emerging markets like India, Mexico and Brazil. Snacks grew double digits in India,” the company said in a statement.