Follow real-time updates on Union Budget 2023Catch exclusive videos on Union Budget 2023 from CNBC-TV18
With Indra Nooyi, stepping down as the chief executive officer of PepsiCo, bankers, analysts have taken interest in the splitting up of company’s snack and beverage business, as the latter is facing trouble with declining revenues, reported CNBC.
With Indra Nooyi, stepping down as the chief executive officer of PepsiCo, bankers, analysts have taken interest in the splitting up of company’s snack and beverage business, as the latter is facing trouble with declining revenues, reported CNBC
Recommended ArticlesView All
India’s external affairs minister lists 10 reasons the world should take note — Budget 2023
Feb 2, 2023 IST2 Min(s) Read
The A to Z of FM Sitharaman's Budget 2023 — alphabetically yours
Feb 1, 2023 IST6 Min(s) Read
Nirmala Sitharaman’s big capex push a welcome step, but funding could prove a challenge
Feb 1, 2023 IST3 Min(s) Read
Old vs new tax regime after Budget 2023 — Check which is better for you
Feb 1, 2023 IST4 Min(s) Read
Pepsi's beverage business, which includes Gatorade and its namesake cola, last quarter dropped one percent, an improvement over a two percent fall the previous quarter, hurt by declining revenue and smaller upstart brands eating into the market share of its non-cola drinks.
Its Frito-Lay snack business, by contrast, last quarter grew four percent, up from three percent growth the prior quarter, the report added.
Under the leadership of Nooyi, the company had contended that owing both the hands of the business will help create a formidable opportunity to cross promote the brand. However, Pepsi has failed to achieve the same, CNBC said.
Furthermore, if the company decides to split its food and beverage business, under the new leadership of Ramon Laguarta, it can create a singularly focused drink business like that of cola giant, Coca Cola.
First Published: Aug 7, 2018 2:22 PM IST