Mondelez International hiked its annual sales growth forecast for the third time this year on Wednesday, betting on consumers to continue snacking on the Oreo maker's chocolates and baked snacks despite price increases.

The company's organic net revenue for the full year is expected to grow 14% to 15% compared with a prior expectation of a more than 12% growth.

(Reporting by Savyata Mishra in Bengaluru; Editing by Krishna Chandra Eluri)