PepsiCo Inc., the worlds second- largest maker of snacks and soft-drinks, said third-quarter profit rose 17 percent and sales climbed 11 percent as it sold healthier chips and food tailored to local tastes in India and Russia.
Products that led gains included lentil snacks in India, mushroom-flavored Lay's in Russia and whole-grain SunChips in the U.S.
Global snack shipments rose 4.5 percent on gains in India, Russia and Mexico, and sales of Doritos and new SunChips flavors including cinnamon and salsa in North America. Sales of Lay's chips in North America dropped.
The stock dropped the most in seven months after PepsiCo forecast slow earnings growth in 2008.
