December 1, 2021

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

Mondelez India FY21 net profit jumps four-folds at Rs 1,001 crore

Confectionary major Foods Private Ltd’s net profit surged over three-folds to Rs 1,001.34 crore and its revenue from operation grew over 11 per cent to Rs 7,974.61 crore in the pandemic hit FY’21, as per regulatory documents.

Foods, which has iconic confectionary brands such as Cadbury Dairy Milk and Bournvita under its fold, had logged a net profit of Rs 251.96 crore in FY’20, while its revenue from operation in that year was at Rs 7,167.88 crore.

Foods’ total income also went up 10.44 per cent to Rs 8,038.10 crore in the fiscal ended March 2021, as against Rs 7,278.40 crore in the preceding financial year, according to the Registrar of filing – shared by market intelligence firm Tofler.

However, Mondelez India Foods’ other income in FY’21 was down 42.6 per cent to Rs 63.49 crore as against Rs 110.52 crore a year ago.

During the financial year 2020-21, the company’s total expenses were up 8.37 per cent at 6,771.28 crore as against Rs 6,247.76 crore in the previous year.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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