Mondelez India

Mondelez India FY24 results: Net profit grows 72% to Rs 2,020.8 cr

Confectionary major Mondelez India Foods Pvt Ltd posted a 71.85 per cent increase in profit at Rs 2,020.87 crore in FY24, according to the RoC filing from the beverages major. The company's sales (revenue from operations) rose 13.3 per cent to Rs 12,746.98 crore in FY24, the filing added. The total consolidated income of Mondelez India Foods, which owns iconic brands such as Cadbury Dairy Milk, 5 Star and Gems, has also climbed 20.7 per cent to Rs 13,782.45 crore for the financial year ended on March 31, 2024, as per the financial data accessed through business intelligence platform Tofler. Mondelez India Foods reported a profit of Rs 1,175.93 crore and revenue from operations of Rs 11,246.93 crore in FY23. During FY24, the company's 'advertising promotional expenses' grew 14.8 per cent to Rs 1,603.15 crore. The same stood at Rs 1,396.5 crore in the preceding fiscal. Total expenses of Mondelez India were 11.9 per cent higher at Rs 11,080.72 crore in FY24. Similarly, its total tax

Mondelez India to expand its manufacturing plant in Andhra Pradesh

Snack company Mondelez India is expanding its manufacturing plant's capacity at Sri City in Tirupati district and Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy virtually took part in the foundation stone-laying ceremony on Tuesday. With an investment of Rs 1,600 crore, this project, first announced during the Global Investors Summit (GIS) in Visakhapatnam is taking off now. "The company will invest Rs 1,600 crore in building a new chocolate capacity plant to meet the rising demand in India," said an official from Mondelez India in a press note. Over the next three years, additional chocolate making capacity will propel Mondelez's Sri City plant to emerge as one of its largest production plants globally and create jobs locally. Mondelez, which makes products like Cadbury dairy milk, Oreo biscuits, Bournvita and others, has been operating in India since 75 years, said the company's supply chain vice president Venkat Venepally. Besides Mondelez, the Chief Minister also laid the

Mondelez ups India bet, to invest Rs 4,000 crore in next three years

The chocolate maker will expand capacity at its manufacturing facilities, build more warehousing capacity, and augment cold-chain facilities

Mondelez India FY22 net profit falls 2.3% to Rs 977.9 crore; sales up 15.9%

Confectionary major Mondelez India Foods net profit declined 2.33 per cent to Rs 977.91 crore in FY22, while its revenue from operation/sales rose 15.89 per cent to Rs 9,242.05 crore, according to financial data accessed by business intelligence platform Tofler. Mondelez India Foods Private Ltd, which owns iconic brands such as Cadbury Dairy Milk, 5 Star and Gems, had reported a net profit of Rs 1,001.34 crore and revenue from operations of Rs 7,974.61 crore for the financial year ended on March 31, 2021. Its total income also went up 15.64 per cent to Rs 9,296.02 crore for the financial year that ended on March 31, 2022. It was Rs 8,038.10 crore in FY21. Mondelez India Foods' revenue from other income was down 14.99 per cent at Rs 53.97 crore in FY22. Its total expenses in FY22 were at Rs 7,970.77 crore. Mondelez India also provides malted food drinks under the Bournvita brand and powdered beverages under the brand Tang. Besides, it also sells biscuits under the brand name of Or

Content, health biz, digital experiences top priorities: Ogilvy global CEO

'Borderless creativity requires that all stakeholders contribute to nurture creativity', she said

Mondelez India FY21 net profit jumps four-folds at Rs 1,001 crore

Mondelez India Foods' total income also went up 10.44 per cent to Rs 8,038.10 crore in the fiscal ended March 2021

Mondelez India expects some pockets of Covid disruption in India

Addressing investors during a concall, Chairman and CEO Dirk Van de Put said while India had delivered double-digit sales growth in the March quarter, concerns over rising Covid-19 cases remained

CBI registers corruption case against Mondelez India and its former brass

First information report named 13 accused including Mondelez's former brass and ex-government officials

Mondelez test-markets cereal in snacking push, looks to expand presence

Mondelez is the country's largest chocolate player and ranks among the top two health food drink makers in India

Mondelez India expands portfolio, gears up to revamp operations

The firm now plans to expand its value-added bakery portfolio that it ventured into recently

Why Oreo rewired its narrative from a playful to a purpose-driven one

Mondelez pushes its biscuit brand out of the playpen, looks for a more meaningful association with consumers

Mondelez pays Centre Rs 439 cr to settle tax dispute involving phantom unit

The "area-based exemption" for new units of firms in Himachal Pradesh provides full exemption from excise duties for production of specific goods for 10 years, as per norms.

Mondelez, Ferrero among chocolate majors to post healthy top-line growth

Nestle India, which dominates the confectionery space with leading brands like Kitkat and Munch, continues to hold the third spot in revenue.

With Oreo and Cadbury, Mondelez looks to expand the influence of its brands

The company has also sought out local and hyperlocal brands, in a bid to tap into growing consumer affinity towards such labels

With Oreo & Cadbury in the bag, Mondelez eyes more brand tie-ups in India

Firm has tied up with various regional dosa and sweets makers in Chennai to come up with chocolate dosa, Mysore Pak and other products

100,000 villages to bite into Cadbury as rural India develops taste for it

Illinois-based Mondelez, India's No.1 chocolate maker, said "the big bulk" of a $150 million increase in global investment this year - the first hike in five years - will be in rural India

Mondelez India takes on biscuit rivals, targets mass market segment

Eyeing a bigger bite, Mondelez India has 1.6% of the biscuit market in India, according to industry estimates

Mondelez India's net profit jumps 47% to Rs 3.26 billion in FY18

Its revenue stood at Rs 61.2 billion, 6% higher than Rs 57.5 billion in 2016-17

Mondelez strings a new tune for an old brand, refreshes Cadbury Silk range

With a new digital campaign and sonic identity, the chocolate maker looks to bite a bigger chunk of the premium market

Mondelez India enters into direct online sales for chocolates

The company will provide free shipping for any bulk order above Rs 299