India market shows strong volume growth for Unilever, says CEO Fernandez
British multinational consumer goods maker said "fundamentals" of its business in India, its second largest market after the US, are improving.
In the fourth quarter, Unilever, in the home care segment, reported a 4.7 per cent underlying sales growth along with a volume growth of 4 per cent, which, according to the company, was supported by "continued strong volume in India".
"India was a key contributor to this momentum, with Home Care delivering mid-single-digit volume growth, led by strong performance in liquids across fabric wash and household care, and reaching its highest ever market share," said its CEO, Fernando Fernandez, in Unilever's earnings calls for the fourth quarter.
Fernandez said across geographies US and India are clear "anchor markets" for Unilever.
Replying to a query over growth, he said: "India, it's improving both in terms of economic backgrounds and the fundamentals of the business, particularly the strengthening of our brand equities... brand superiority .