Over the hump now in India in terms of economy, market growth: Unilever
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NEW DELHI, Oct. 23 -- Anglo-Dutch consumer goods company Unilever said its India business did well during the July-September quarter as pickup in economic activity after a strict lockdown helped the company with sales of hygiene and food and refreshment products.
On Thursday, Unilever said underlying sales rose 4.4% year-on-year as it reported strong than expected growth in the third quarter. Sales in emerging markets rose 5.3% compared to the previous year, while in developed markets they rose 3.1%, according to a news report by Reuters.
Its India unit, Hindustan Unilever Ltd, announced its September quarter earnings earlier this week-net profit rose around 9% y-o-y to Rs.2,009 crore in the September quarter. Overall growth stood at 3%...
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