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 concall, Chairman and Chief Executive Officer Dirk Van de Put said while India had delivered double-digit sales growth in the March quarter, concerns over rising Covid-19 cases remained.
“India delivered extraordinary growth underpinned by great execution and robust consumption in chocolates and biscuits