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.

Buoyed by the sweet tooth of Indian consumers, leading chocolate makers — Mondelez, Ferrero, Mars and Hershey — have registered healthy sales growth in 2018-19. 

However, two of these companies — Mars International India and Hershey India — still remain in the red.

Mondelez India Foods — the marketer of Cadbury — continued to lead the pack with Rs 6,746 crore revenue. According to filings at the Registrar of Companies, its top line grew 9 per cent year-on-year (YoY) from Rs 6,189 crore. 

The firm’s net profit, during 2018-19, jumped 42 per cent to Rs 462 crore from Rs 325 crore.

Italian chocolate maker