Mondelez recovers ground in Jun after India lockdown disruption: Global CEO

Sales grew in mid single digits, momentum continues in July

Confectionery major Mondelez, owner of the Cadbury brand, said on Wednesday that it had recovered from disruptions caused by the Covid-19 pandemic and nationwide lockdown in India in April and May, reporting mid single-digit sales growth in June. 

The firm expected the second half of the calendar year to be stronger than the first half as lockdown restrictions eased, though it was watching the situation closely, chairman and chief executive officer Dirk Van de Put said. 

Mondelez is the largest chocolate maker in India, controlling 65 per cent of the Rs 12,000-crore domestic market. 

Van de Put said that the