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PepsiCo’s subsidiary significantly increased revenues in Russia – media

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By the end of 2023, Wimm-Bill-Dann will have a net income of 8.83 billion rubles, which is 2.6 times higher than last year.

Russian company Wimm-Bill-Dann, a subsidiary of Wimm-Bill-Dann, which combines the dairy assets of American PepsiCo Inc. in Russia, based on the results of work in 2023, it has a net income of 8.83 billion rubles, which is 2.6 times more than in 2022 (3.36 billion rubles). Last year’s revenue increased by 10% – to 128.86 billion rubles, reports the Russian pro-government news agency Interfax.

Another subsidiary of PepsiCo in Russia is PepsiCo Holdings – had a profit of 34.58 billion rubles last year. This is slightly lower than the record year 2022 (36.79 billion rubles).

However, its revenue increased by 12.1% – up to 209.188 billion rubles, and sales revenue increased to 45.08 billion rubles from 44.993 billion rubles, the total profit – up to 99.4 billion rubles compared to 93.58 billion rubles.

In September 2022, PepsiCo stopped producing beverages in the Russian Federation under the international brands Pepsi, 7UP and Mountain Dew. However, it launched new brands for the Russian market: Russian Gift, Frustyle, Evervess etc.

Another subsidiary of PepsiCo, LLC, continues to operate in the Russian Federation Frito Lay Manufacturing (production of potato and corn flour chips, crackers), which launched the first line of a new plant for the production of snacks and salty snacks near Novosibirsk in Russia.

The revenue of this company in 2023 reached 6.8 billion rubles, net profit – 135.39 million rubles, profit from sales – 630.2 million rubles.

Earlier, PepsiCo opened the first phase of a snack plant near Novosibirsk, Russia, which produces snacks and salty snacks.

Let’s recall that in September 2023, NAPC added PepsiCo to the list of war sponsors. The company continues to operate in the Russian Federation, paying significant taxes to its budget and supporting the economy of the aggressor country.

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Source: korrespondent

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