The Cadbury maker, which will keep its gum brands in emerging markets, said it was reshaping its product line with the aim of generating 90% of revenue from chocolates and biscuits.

Mondelez, which reported sales of $7.76 billion last quarter, started a review of its gum business a year ago after demand for the units' brands took a severe hit during COVID-19 lockdowns.

Gum sales have since recovered as people start stepping out and return to their routines following the easing of pandemic restrictions.

(Reporting by Uday Sampath in Bengaluru; Editing by Shinjini Ganguli)