Mondelez Case

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❖ Mondelēz International is a global snacking powerhouse with a portfolio of well-loved brands like Cadbury Dairy Milk, Oreo,

Toblerone, Tang, Belvita, Ritz. The India business too has a very strong portfolio with a mix of global (Dairy Milk, Oreo, 5-star, Tang,
Fuse) & local (Bournvita, Perk, Gems, Shots and Choclairs) brands.

❖ MDLZ being present in India for 75 Years, has been delighting consumers with some of the brands being the most loved and
trusted in the country

❖ Mondelēz has traditionally had a strong play in the milk chocolate category in India over the last 75 years with the flagship
Cadbury Dairy Milk brand in India; it has taken the lead on chocolate category creation and driving cultural relevance through
occasions

❖ Within the chocolate category, the dark chocolate segment (defined with 50%+ cocoa content) has been growing 2X of the
category, mainly driven by discerning consumers who love the intense cocoa notes that it promises or those who consume it
because of perceived health benefits. The dark chocolate segment holds a lot of potential given that it contribute to just 2% of the
chocolate category in India, while in developed markets it contributes to anywhere between 18%-25%

❖ Cadbury Bournville was launched in 2008 and was the brand that created the dark chocolate category in India and is uniquely
positioned to drive category creation of this segment due to the Cadbury legacy.

❖ The category is still nascent in India and the key task is to drive category adoption and to educate the Indian consumer about the
codes of the category (% Cocoa, Inclusions, Taste etc.) – and hence drive category penetration
Dark chocolate category is growing 2X of the chocolate category – it consists of broadly 3 segments

Mainstream brands Artisanal brands Imported brands


(E.g. Bournville, Amul) (E.g Paul & Mike, Mason and Co.) (E.g. Lindt, Godiva)
*representational purpose only and not exhaustive, all copyright and trademarks lie with their respective holders

More consumers are talking Segment holds strong potential to grow


about dark chocolate
Dark contribution to chocolate category is low in India compared to other markets

Headroom Dark chocolate HH 28%


for growth penetration in India <5pp
22%
20%
18%
Growing 80% of dark chocolate
interest 12%
users are new triers

2%

Growing 30% 4Y CAGR in mentions,


engagement searches and engagement India France Germany Italy Switzerland UK








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