Companies operating in India's Consumer Goods sector reported substantial growth in the quarter that ended December 31st, fueled by the stabilization of GST reforms and a strong Diwali holiday shopping season. Major Indian players such as Dabur, Marico, and Godrej Consumer Products (GCPL) report that the previous disruptions caused by...
Mondelez, Colgate Upbeat about India in 2018
Reporting significant sales growth in the latest quarter, global companies such as Mondelez, Colgate - Palmolive and Unilever are upbeat about opportunities in India and said the country remains a bright spot. Several companies posted a double digit year-on-year volume growth for the December quarter. "India is very strong, we had...
Mondelez Targets $20 Million in Indian Online Sales
Ganesh Kashyap, senior director of e-commerce growth platforms at Mondelez said that the company was targeting $1 billion in e-commece revenue globally by 2020, and expect a third of it from Africa, Middle East, Europe and Asia; online sales from India, which is less than 1% now, would contribute 5%...
Global Chocolate Makers Ramp up Investments in India
A study by London based market research firm Mintel says that India's $1.6 billion chocolate market is growing at 12 percent annually. The market researcher also said India consumed 228,000 tons of chocolate in 2016, higher than both Australia (95,000 tons) and Indonesia (94,000 tons) put together in the same period....
Mars Battles Mondelez in India's Chocolate Wars
Mars Inc will invest $160 million to establish a production plant for its Snickers brand in Pune, Maharashtra. Announcing the move, the company said it is setting up local production to cater for growing demand in the Indian confectionery sector. Mars India general manager M.V. Natarajan stressed the magnitude of...
Cadbury India Changes Name
India's chocolate market is dominated by the Cadbury's brand. The British owners were purchased by Kraft Foods some time ago and then the corporate parent spun off the global snack brands into a new company called Mondelez International. Manu Anand, their Indian CEO, announced that the Indian company has changed...