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India business drives Mondelez's emerging market growth in Q3

Strong results accrued from chocolate business in India, Germany and Russia

Mondelez India
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Mondelez India Director, Marketing (Chocolates), Prashant Peres at the launch of Cadbury Fuse last year. In the past six months, Mondelez India has introduced five new variants of Cadbury chocolate

Viveat Susan Pinto Mumbai
India was among food-major Mondelez International’s key performers within emerging markets for the third quarter of 2017, the firm’s global chief executive officer (CEO), Irene Rosenfeld, said on Tuesday.

Addressing investors over a concall, Rosenfeld, who will step down as CEO in November, said India revenue grew in double digits in Q3 led by new launches in chocolates. “Key markets have fuelled revenue growth in the quarter within emerging countries. This includes India, Russia and Mexico. Emerging markets grew 4.8 per cent during the quarter, which included positive volume growth,” she said. 

At a time when India saw the roll-out of the