Chocolate majors post healthy top-line growth

chocolate majors post healthy top-line growth

Mondelez,Ferrero among chocolate majors to post healthy top-line growth. Mondelez crore revenue is 6,746 and they continued to lead the pack. Mondelez include several brands such as oreo, TUC, LU,nabisco,milk,cadbury,freia,marabou etc. they market their product at 165 countries.Mondelez are rich and diverse in heritage. Now,the brand offers a host of delicious chocolates,including the cadbury Egg,cadbury Diary milk chocolates. According to filings at the registrar of companies,its top line grew 9 percent year-on-year(YOY) from 6189crore.

                                                                      During 2018-2019,the firm's net profit jumped 42 percent to 462 crore from 325 crore. Ferrero Rocher is another chocolate sweet made by italian chocolate maker Ferrero. Introduced in 1982,the chocolate consist of a whole roasted hazelnut encased in a thin wafer shell filled with hazelnut cream. It includes vegetable oil and covered in milk chocolate and chopped hazelnuts.13 percent rise in its revenue at 1,473 crore. After incurring losses in 2017-2018 , the firm turned profitable last year with a net profit of 106 crore. However ,two of these companies Mars International India and Hershey India still remain in the red.Mars international india and Hershey india are another major players. But now they continued to bleed with losses mounting further.Mars is a variety of chocolate bar produced by Mars,incorporated. It was first manufactured in 1932 in slough,England by Forrest Mars.it proudly makes the treats,nutritious meals and many of products.While mars posted 246 crore net loss. Another company is Hershey. The Hershey company produce chocolate and other snacks. It is an American multinational company and one of the largest chocolate manufacturers in the world.Hershey India's net loss widened to 109 crore in 2018-2019.

                                                                            In the previous financial year the two firms-Mars and Hershey had reported 195 crore and 85 crore net loss,respectively. Hershey has been loss atleast since 2014-15,although its bottom line improved with yearly loss coming down from a peak of 365 crore five years ago.Mars, registered the biggest jump among the four,when it comes to increasing sales. the firm's revenue increased 34.5 per cent to 1,009 crore from 750 crore.