Mondelez's rivals including Nestle, the world's biggest food company, continue to sell their products in Russia. Food does not fall under international sanctions
The company has also sought out local and hyperlocal brands, in a bid to tap into growing consumer affinity towards such labels
Firm has tied up with various regional dosa and sweets makers in Chennai to come up with chocolate dosa, Mysore Pak and other products
Revenue contribution grew in double digits in Q1 led by chocolates and biscuits, says CEO Dirk Van de Put