Two years ago, Satish P, a bakery owner in the small village of Harohalli near Bengaluru, had his doubts about stocking Mondelez’s Cadbury Silk bars.
Priced between Rs 70 and Rs 170, they seemed out of reach for customers used to paying only Rs 5 for the tiny chocolates he has sold for years. But he took a chance and now rings up to Rs 3,500 ($50) in Silk bar sales a month. “Villagers can afford premium chocolates now,” he said.
As Satish and other Harohalli shopkeepers have found chocolate sales in India are taking off, helped by growth in