Restaurant Franchise Opportunities

Oct, 08 2014

Mondelez India to enter into food business

The brand has launched new products which includes luxury brand Cadbury Glow, liquid centre-filled chocolate tablet Silk Caramello and 5 Star Chomp.

By Franchise India Bureau
Mondelez India to enter into food business

Mondelez India which was earlier Cadbury India has crossed Rs 5,000 crore revenue mark last fiscal, more than doubling sales in three years after investing heavily in sales and route-to-market expansion, according to a report published in Economic Times.

The company has also posted 23 per cent income growth at Rs 5,324 crore for the year ended December 2013, at a time when the overall consumer market grew in single digit including global peers Nestle, GSK Consumer and Hindustan Unilever.

The company's profit after tax rose 64 per cent to Rs 498 crore. Mondelez invested $200 million to build the country's largest chocolate manufacturing plant near Hyderabad.

"In addition, we have invested close to $190 million over last three years towards brownfield expansion," said a spokesperson.

Mondelez has launched new products which includes luxury brand Cadbury Glow, liquid centre-filled chocolate tablet Silk Caramello and 5 Star Chomp. The company said its market share in its largest category, chocolates has increased for nine consecutive quarters while beverages now account for a fifth of its overall sales after expanding Tang.

Mondelez dominates the Rs 6,832 crore Indian chocolate market with 70 per cent share with Ferrero at almost 8 per cent market share in the market while Nestle holds around 18 per cent.

Mondelez is keen to change its Indian arm from a core chocolates company into a complete foods player. "In our minds we have a specific timeframe for Mondelez India to move from a chocolates company to a foods company," Irene Rosenfeld, chairman and CEO of Mondelez International, had told ET in an exclusive interview in August.

Related: Eagle Boys pizza to open 300 stores by 2020

Click Here to add Comment
Please add your Comment
Sell Business 2017
Sell Franchise 2017


Magazines & Books

Read the latest franchising magazines and books to get comprehensive and up-to-date information on leading franchise systems, trends and more.

Recommended For You
Newsletter Signup
Submit your email address to receive the latest updates on news & host of opportunities.
Restaurant India

Copyright © 2009 - 2017 Franchise India Holdings Ltd.

The information contained herein is of generic nature only, and Franchise India is not, by means of this website or any part thereof, rendering professional advice or services. Before making any decision or taking any action that might affect your finances or business, you should consult a qualified professional advisor. Your use of this website or any of its pages or links given, is at your own risk and you assume full responsibility and risk of loss resulting from your usage. With respect to use of the website, kindly visit