Dairy Milk, Oreo maker Mondelez slapped with $366mn antitrust fine
Mondelez, the maker of Oreo, Cadbury Dairy Milk chocolate and Toblerone, has been slapped with a fine of €337.5 million ($366 million) by the European Union on Thursday (May 23), its ninth-largest antitrust fine. This development comes at a time when food costs are a major concern for European households. The fine has been imposed […]
Mondelez International to invest ₹4,000 cr in India over four years
In a strategic move, Mondelez International is looking at significantly accelerating its investments in India, which it considers a key market. The maker of Oreo and Cadbury plans to invest about ₹4,000 crore in the 2023-26 period in the country. The packaged food major said this is in addition to investments of₹1,500 crore made during […]
 Chocolates in demand amid stress, inflation: Mondelez 
Mondelez India, the country’s biggest confectionery maker, said there has been a strong volume growth in chocolate sales, bucking the slowdown trend in the overall market and indicating consumers could be turning to comfort food in a time of stress and inflation.”We see a lot of growth being fired by double-digit volume, which is quite […]
Cadbury and Oreo brand see a Covid disruption in western India
Confectionary major Mondelez on Wednesday said it expected some pockets of disruption in India, amongst its key markets, because of the surge in Covid-19 cases over the past one-and-a-half months. The firm, which follows a January-December accounting calendar, is best known for chocolate brand Cadbury and biscuit label Oreo in India. Addressing investors during a […]
DAIRY NEWS Mondelez extends Bournvita into cookies, second brand extension in 2020
Food major Mondelez is extending its Bournvita brand into the cookie space, marking its second extension of the brand in five months. In August, the company had entered breakfast cereals via Bournvita, launching it in two markets, including Maharashtra and Andhra Pradesh. The back-to-back launches point to a larger game plan that the company has […]
April-June performance by dairy majors showed slow growth against no growth despite Covid-19
Nestle showed a marginal decline in Profit before tax from Rs 659 Crores in Qtr 1 last year to Rs Rs 652 Crores in Apr-Jun 2020. Total revenue showed a micro growth of 1.7% to Rs 3050 crores as against Rs 3000 Crores reported last year. Net profit for Apr-Jun quarter showed a growth of […]