The coherent dynamics of exciton wavepackets in (GaIn)As/GaAs as well as (GaIn)As/Ga(PAs) multiple quantum well structures is studied by means of transient four-wave mixing (FWM) experiments. The wavepackets are generated by simultaneous excitation of several exciton transitions with laser pulses of about 100 fs duration. The time-integrated FWM signals exhibit a pronounced modulation superimposed on the overall decay which can be attributed to the quantum interference of the different eigenstates. In the time-resolved FWM signals this interference is not present, reflecting the interplay between many-body Coulomb effects and inhomogeneous broadening. This experimental technique is then employed to extract the exciton binding energies in pseudomorphic symmetrically strained (GaIn)As/GaIPAs) with various In contents.