Beverage maker Pepsi-Cola Products Philippines Inc. (PCPPI) grew its six-month profit by 436 percent year on year to P578 million, as sales expanded while softer sugar prices tempered input costs.
In a regulatory filing, PCPPI said it was expecting to sustain this profit growth throughout 2012 from continued efforts to drive top-line growth, increased marketing efforts, tight cost control and lower sugar prices.
The first-semester results were driven by record volumes across the carbonated soft drinks and noncarbonated beverage segments. Gross sales reached P11.31 billion, reflecting a 16-percent growth year on year.
“This remarkable achievement was fueled by outstanding performance across brands and categories, particularly in the cola segment where we registered strong growth,” PCPPI president Partho Chakrabarti said in a statement.
The company benefited from better pricing and sales mix. Its aggressive expansion and the upgrade of its manufacturing facilities helped boost the company’s bottom line. PCPPI had also invested in glass bottles and coolers.
“We are buoyed by the terrific response of our consumers to our product innovations such as Sting Power Pacq with Malunggay and Gatorade Low Carb. With our continued focus on delivering the needs of our consumers, we hope to sustain the momentum for the rest the year,” he said.