India is performing extremely well, certainly out of the COVID wave - Mondelez
"India is performing extremely well, certainly out of the COVID wave. There was clearly a revived effect in there," Luca Zaramella - chief financial officer at Mondelez said at the Morgan Stanley Virtual Global Consumer & Retail Conference on Friday.
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After pandemic-led slump in June, Mondelez registers growth in September quarter in India
"India returned to growth with a high single-digit increase for the quarter driven by chocolate and significant biscuit growth. Chocolate returned to growth at more than 5%," Luca Zaramella -- executive vice-president, at Mondelez said on an investor call.
India is my Ferrari... so you have to win: Mondelez Chief Maurizio Brusadelli
Mondelez International, the maker of Cadbury Dairy Milk chocolates, said it was taking cue from the Indian operations and replicating it in other countries globally to deal with distribution challenges during lockdowns induced by the pandemic.
Top advertisers return to TV channels; ad volume higher: BARC CEO Lulla
During the peak COVID-19 period, when the nation was under total lockdown, many brands took upon themselves to have social messaging around and 22 per cent of the ads were around COVID-19 in April and (at) this point of time 6 per cent of the ads are for COVID-19, he added.
For a breakfast date: Mondelez, the maker of Cadbury Dairy Milk chocolates, plans to bring cereals to you
"With Covid, there is a trend of more consumption happening in home and consumers are also leaning towards health and wellness for their snacking needs," said Inderpreet Singh, associate director – marketing at Mondelez India.
Ola is expanding its foods business by increasing the number of in-house brands
In the last nine months, Ola Foods has launched three new brands -- Bowlsome, Paratha Experiment, and Meal Kits, and expanded its selection under top-selling brand Khichdi Experiment.
Mondelez India sales declined in April and May but now growing at mid-single digit: Global CEO
"Will India go back to double-digit growth in the coming months? Maybe not, but if India delivers us a 6%, 7%, 8% topline growth, that's more than enough for us to keep on going on our plan," chief executive officer Dirk Van de Put said on an investor call after the US-based company reported a 2.5% decline in sales globally.
Demand for baking ingredients increase amid Covid lockdown
The demand for processed food category which comprises baking condiments like baking soda, baking powder, cocoa powder have grown 60-70% in the last 40 days compared to same period, said Arvind Mediratta, MD, Metro Cash & Carry India which runs 27 stores in 17 cities.
Manufacturer of Oreo & Cadbury to donate 71 tonnes of biscuits, chocolates in 12 cities
Mondelez India also donated 1 lakh masks and about 225 litres of sanitisers in Mumbai.
Mondelez pays over Rs 400 cr to settle tax dispute involving alleged 'ghost' unit in India
The Directorate General of Central Excise Intelligence (DGCEI) had in 2011 initiated a probe against the company for allegedly misusing "area-based exemption" for a new unit in Baddi in Himachal Pradesh to avail excise duty benefits, even before it came into existence.
We're already targeting $2-billion business in India: Mondelez Chief
For Mondelez, India is one of the fastest growing businesses internationally. Its chief executive sees potential in newer categories and segments such as biscuits and beverages, along with increasing consumption.
Mondelez cuts sugar content in new variant of flagship brand Cadbury Dairy Milk by 30%
The move is in line with Mondelez’s global commitment to reduce sugar and national food regulator FSSAI’s ‘eat right’ initiative for packaged foods companies.