(Reuters) -Cadbury-parent Mondelez International ( MDLZ ) beat Wall Street estimates for first-quarter profit on Tuesday, driven by resilient demand for its high-priced chocolates and biscuits.

Mondelez ( MDLZ ) implemented several rounds of price increases in recent quarters to offset rising costs of inputs, such as cocoa in 2024, helping the company's earnings.

On an adjusted basis, the company earned 74 cents per share for the quarter, ahead of analysts' average estimate of 66 cents per share, according to data compiled by LSEG.

However, Mondelez ( MDLZ ) reported net revenue of $9.31 billion for the quarter, compared with analysts' average estimate of $9.33 billion.

Shares of the Chicago-based company were up about 1% after the bell.