CLAIM #39886 · Mondelez International Inc (MDLZ) · 2025Q1 earnings call · Apr 29, 2025 · due Dec 31, 2025
“We expect China, which I mentioned first to remain at high-single-digits for the rest of the year.”
Dirk Van De Put · CEO
In context
“to 4%. I'm wondering how you're thinking about emerging markets broadly for the rest of the year, could we return to high-single-digit growth? And what markets would you highlight that are maybe getting your attention more than others? Thanks. Dirk Van De Put: Yes. So I would say the -- if you look quickly where we are in our four main emerging markets, so China is up high-single-digit in Q1. India is down high-single-digit in Q1, because of a number of reasons, we expect a strong -- we had a strong prior year base. We did some pricing in chocolate. We have some elasticity impacts there and we do have a bit of a muted biscuit consumption where we play in the premium segment of the market, and the consumer is switching. We expect India in the remainder of the year to start to grow faster. We expect China, which I mentioned first to remain at high-single-digits for the rest of the year. In both countries, we have a large distribution runway, so we can complement what happens in the same-store sales with extra stores and that makes a difference for us. Brazil was mid-single-digit growth in Q1, we will be doing more pricing in chocolate. We are doing a number of new activities in our biscuit business and in our Candy & Gum business. So I'm expecting that Brazil will remain there, maybe accelerate a little bit. And then Mexico is gradually getting better. You have to keep in mind that we lap there a bit of difficulty with the integration of Ricolino last year. We were low-single-digit in Q1, but we see a good movement on Oreo, Ricolino and Philadelphia in Mexico. So I think there we will also see an acceleration. I wouldn't say that our total of emerging markets will get to”
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SEC filings for MDLZ ↗ · Claim quote is verbatim from the 2025Q1 earnings call.