PepsiCo clocks double-digit Q3 revenue growth in India, China, Saudi, Egypt Noor Arora
Global food and beverages major PepsiCo has reported 'strong double-digit organic revenue growth' in the third quarter of 2018 from India and other AMENA zone markets including China, Saudi Arabia and Egypt. The Asia, Middle East and North Africa (AMENA) zone reported an increase of 17 per cent in profit and 7 per cent in volume growth in the food/snacks and 2 per cent in beverages, PepsiCo said in its third quarter report for 2018. "And in AMENA, we had strong double-digit organic revenue growth in China, Saudi Arabia, India and Egypt, and high singledigit organic revenue growth in Australia. Excellent results from our AMENA team," PepsiCo Inc chairperson and outgoing CEO Indra K Nooyi said in her last post earning calls. She further said: "This strong top-line performance translated into impressive bottom-line results, with core constant currency operating profit up 12 per cent in our international divisions as a group."
ARTICLE SOURCE: BS