India a bright spot in Unilever's book as sales growth slows globally

For the first half of the 2018, Unilever's numbers mirrored the trend seen in the second quarter, with sales growth coming in at 2.7 per cent

The world’s second-largest consumer goods company, Unilever, reported June quarter sales growth below analysts’ estimates on Thursday as it struggled with a truckers’ strike in Brazil and weak pricing power, but the outlier was India showing strong volume growth.

At 1.9 per cent, which excludes the recently divested spreads business, Unilever’s sales growth for the second quarter was below the 2.3 per cent, average estimate of sector analysts, but India growth was led by the goods and services tax, whose benefits were passed on to consumers, Unilever said.

The region of Asia, Africa, Middle East, Turkey, Russia, Ukraine, and Belarus