Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Mondelez International / Equity Bottom-Up

<ul><li>Mondelez International reported a second-quarter 2026 performance characterized by steady geographic variation and ongoing strategic initiatives.</li><li>The company achieved a 4.4% top-line growth driven primarily by strong volume growth in emerging markets, where consumer confidence remains generally stable, and distribution expansion continues, notably with 100,000 additional stores in India and reaching 1 million stores in Brazil.</li><li>Despite softness in China, management expects gradual improvement and emphasizes a structural growth opportunity underpinned by a balanced mix of global and local brands touching various price tiers.</li></ul>

Mondelez International reported a second-quarter 2026 performance characterized by steady geographic variation and ongoing strategic initiatives.The company achieved a 4.4% top-line growth driven primarily by strong volume growth in emerging markets, where consumer confidence remains generally stable, and distribution expansion continues, notably with 100,000 additional stores in India and reaching 1 million stores in Brazil.Despite softness in China, management expects gradual improvement and emphasizes a structural growth opportunity underpinned by a balanced mix of global and local brands touching various price tiers.

Mondelez International Reaches 1 Million Brazilian Stores — Emerging Markets Accelerate!

Research from Asian Century Stocks, Asian Century Stocks

Michael Fritzell

Research from Asian Century Stocks

Providing financial journalism in the Asia-Pacific

Asian Century Stocks

Asian Century Stocks is a newsletter providing financial journalism for companies and stocks in the Asia-Pacific. 
The Asian Century Stocks logotype “百” stands for “one hundred” or a “century”. The economic centre of gravity is moving towards Asia. Yet most global investors are missing out.

Thematic (Sector/Industry)

<ul>
<li>
In the past year, cocoa prices have spiked to elevated levels.
</li>
<li>
The culprit has been heavy rainfall in West Africa, leading to poor cocoa crops.
</li>
<li>
There’s nothing suggesting that the tightness in the cocoa market will end anytime soon. 
</li>
</ul>



In the past year, cocoa prices have spiked to elevated levels.


The culprit has been heavy rainfall in West Africa, leading to poor cocoa crops.


There’s nothing suggesting that the tightness in the cocoa market will end anytime soon. 



<ul><li>Mondelez International delivered a first quarter that showed improving category execution, stronger emerging market momentum, and better performance in selected developed markets, while still reflecting a cautious stance because of commodity, consumer, and geopolitical uncertainty.</li><li>The result was supported by broad-based growth in emerging markets, where revenue increased 6.3% and volume mix was positive, helped by China, India, Brazil, and resilient snacking demand.</li><li>India delivered strong double-digit growth across chocolate and biscuits, aided by distribution gains, the Biscoff launch, and GST-related consumption support.</li></ul>

Mondelez International delivered a first quarter that showed improving category execution, stronger emerging market momentum, and better performance in selected developed markets, while still reflecting a cautious stance because of commodity, consumer, and geopolitical uncertainty.The result was supported by broad-based growth in emerging markets, where revenue increased 6.3% and volume mix was positive, helped by China, India, Brazil, and resilient snacking demand.India delivered strong double-digit growth across chocolate and biscuits, aided by distribution gains, the Biscoff launch, and GST-related consumption support.

<ul><li>Mondelez International’s 2025 full-year performance reflected a mixed operating environment, characterized by resilience in certain markets and product segments alongside notable challenges, particularly in developed markets such as North America and parts of Europe.</li><li>The company implemented a chocolate category strategy centered on pricing and pack architecture adjustments, which was largely effective in markets like India, Brazil, Australia, South Africa, and about half of Europe.</li><li>However, in northern European markets such as Germany, the Nordics, and the U.K., higher-than-expected price elasticity necessitated adjustments in 2026, including price repositioning and enhanced investment in brand promotion and innovation.</li></ul>

Mondelez International’s 2025 full-year performance reflected a mixed operating environment, characterized by resilience in certain markets and product segments alongside notable challenges, particularly in developed markets such as North America and parts of Europe.The company implemented a chocolate category strategy centered on pricing and pack architecture adjustments, which was largely effective in markets like India, Brazil, Australia, South Africa, and about half of Europe.However, in northern European markets such as Germany, the Nordics, and the U.K., higher-than-expected price elasticity necessitated adjustments in 2026, including price repositioning and enhanced investment in brand promotion and innovation.

<ul><li>Mondelez International’s third-quarter earnings call presented a mixed bag of outcomes, reflecting both challenges and strategic moves aimed at navigating the current economic landscape.</li><li>The company highlighted key areas of focus and concern in its performance across different regions, particularly in Europe and North America, with implications affecting both short-term operations and long-term strategy.</li><li>In Europe, Mondelez experienced stable consumer confidence, yet faced significant challenges in its chocolate segment.</li></ul>

Mondelez International’s third-quarter earnings call presented a mixed bag of outcomes, reflecting both challenges and strategic moves aimed at navigating the current economic landscape.The company highlighted key areas of focus and concern in its performance across different regions, particularly in Europe and North America, with implications affecting both short-term operations and long-term strategy.In Europe, Mondelez experienced stable consumer confidence, yet faced significant challenges in its chocolate segment.

Mondelez International: Inside the Cocoa Crisis—And the Strategy That Could Beat It!

United States

Mondelez International Inc. is a food and beverage company.  The Company manufactures and markets packaged food products, including snacks, beverages, cheese, convenient meals and various packaged grocery products.  Mondelez International sells its products throughout the world.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Mondelez International (MDLZ US)

Mondelez International Reaches 1 Million Brazilian Stores — Emerging Markets Accelerate!

Mondelez International reported a second-quarter 2026 performance characterized by steady geographic variation and ongoing strategic...

Baptista Research

The cocoa question

In the past year, cocoa prices have spiked to elevated levels. The culprit has been heavy rainfall in West Africa, leading to poor cocoa crops.

Asian Century Stocks

Mondelez International: What Ritz

Mondelez International delivered a first quarter that showed improving category execution, stronger emerging market momentum, and better...

Baptista Research

Mondelez International: Cocoa Volatility

Mondelez International’s 2025 full-year performance reflected a mixed operating environment, characterized by resilience in certain markets and...

Baptista Research

Mondelez International: Inside the Cocoa Crisis—And the Strategy That Could Beat It!

Mondelez International’s third-quarter earnings call presented a mixed bag of outcomes, reflecting both challenges and strategic moves aimed at...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)