Asia, West Asia and Africa, which constitute emerging markets for Mondelez, contribute nearly 30 per cent to global revenue, second only to Europe, which gives 40 per cent. North America contributes 20 per cent, and Latin America, 10 per cent.
For the September quarter, developed markets grew 1.6 per cent led by Europe, Rosenfeld said, adding it was led mainly by chocolates and biscuits. Germany and Russia, besides India, Rosenfeld said, were markets where the chocolate business delivered strong results.
Mondelez, earlier part of Kraft Foods, was demerged from the latter in 2012, as it sought to create a “snacks powerhouse”, led by brands such as Cadbury, Oreo, Tang and Toblerone.