PepsiCo said on Tuesday that third quarter profit grew 16% to $2.49bn showing signs of renewed consumer demand for its brands including its namesake cola and other beverages.

While the firm’s Frito-Lay North America snacks business did a lot of the heavy lifting with 3% sales growth in the third quarter, the company’s flagship North America Beverage unit came back to life with a 2% growth, helped by a strong marketing push, albeit at a cost as Operating Profit for the business unit declined by 11% as a result of the increased marketing spend as well as rising transportation and commodity costs.