Unilever withdraws growth, margin guidance over coronavirus concerns

In sync with the global trend, consumer goods major Unilever on Thursday announced it was withdrawing its 2020 growth and margin guidance. According to a recent report citing the National Investor Relations Institute in the US, some 46 companies have withdrawn quarterly guidance and 151 annual guidance in a month.
 

For Unilever, this is the second time in five months that it is flagging growth concerns. In December, the company had cut its sales guidance for calendar years 2019 and 2020 in the backdrop of growth concerns in India. On Thursday, the company said the Indian market was slowing even