Adani-backed Cococart expects appetite for imported chocolates to grow
New Delhi, June 2 -- For a business built on imported chocolates, the past few years have delivered almost every challenge imaginable: soaring prices, a weaker rupee and shipping disruptions caused by conflicts on key trade routes this year. Yet Cococart, the Adani-backed premium chocolate retailer, expects the country's appetite for imported confectionery to grow, driven by impulse purchases, quick-commerce sales and an expansion into international food and beverages.The company is bringing in Belgian chocolatier Belvas, Italian chocolate and gelato chain Venchi, French bakery-cafe Le Pain Quotidien and Italian coffeehouse brand Caffe Pascucci.
Cococart expects to sustain a 35-40% compounded annual growth rate over the next five years, ...
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