Mondelez India Foods, a confectionary major, net profit declined 2.33 per cent to Rs 977.91 crore in FY22, while its revenue from operation/sales rose 15.89 per cent to Rs 9,242.05 crore, according to financial data accessed by business intelligence platform Tofler.
Read: October 2022 Issue of Food InfoTech Magazine.
Mondelez India Foods Private Ltd, which owns iconic brands such as Cadbury Dairy Milk, 5 Star and Gems, had reported a net profit of Rs 1,001.34 crore and revenue from operations of Rs 7,974.61 crore for the financial year ended on March 31, 2021.
Its total income also went up 15.64 per cent to Rs 9,296.02 crore for the financial year that ended on March 31, 2022. It was Rs 8,038.10 crore in FY21.
Mondelez India Foods’ revenue from other income was down 14.99 per cent at Rs 53.97 crore in FY22.
Its total expenses in FY22 were at Rs 7,970.77 crore.
Mondelez India also provides malted food drinks under the Bournvita brand and powdered beverages under the brand Tang.
Besides, it also sells biscuits under the brand name of Oreo and Bournvita and candy under the brand name of Halls and Chocolairs. Mondelez India Foods, earlier known as Cadbury India, is a part of Mondelēz International Inc.
Recently, Mondelez India’s state-of-the-art Sri City factory has been bestowed with the World Economic Forum’s 4th Advanced Industrial Revolution (4IR) Digital Lighthouse award. It is one of the first FMCG plants in India that was awarded for ‘digital excellence’ driven by advanced technologies and sustainable practices.
Also Read: Top Food Processing Companies in India 2022.
In other news, Mondelēz International announces the next phase of its Cocoa Life program, backed by an additional $600 million through 2030, for a total $1 billion investment since the start of the program, with the goal to increase cocoa volume at scale and work with about 300,000 farmers in the program by 2030.