Unilever's Strong Growth and Expanding Market Share in India

Unilever's business fundamentals in India, its second-largest market after the US, are advancing. The company reported solid sales and volume growth in its Home Care segment, with significant contributions from India. The Indian subsidiary, Hindustan Unilever, also showed robust performance, particularly post-GST disruption.

Unilever, the British multinational consumer goods firm, is witnessing an optimistic shift in its business dynamics in India, its second-largest market after the United States. The company reported a 4.7% increase in underlying sales growth in the fourth quarter within its Home Care division, alongside a 4% volume growth. Notably, the robust performance in India significantly contributed to this momentum, led by a strong showing in the fabric wash and household care sectors.

India stood out as a critical market for Unilever, according to CEO Fernando Fernández, who cited the country as one of the company's anchor markets. Fernández highlighted the improving economic conditions and strengthening brand equities in India, particularly in rural and traditional trade areas, as vital factors driving the company's performance. Unilever's Indian subsidiary, Hindustan Unilever, posted a 5% underlying sales growth, supported by a 4% volume growth in the December quarter, and maintained its status as the company's second-largest market by revenue.

Despite facing a downturn in overall turnover, hitting 50.5 billion euros due to unfavorable currency exchange and net disposals, Unilever remains committed to expanding its presence in beauty, wellbeing, and personal care, focusing on premium segments and digitally native brands across the US and India. The company's ongoing sales growth and expanding market share in India underscore its strategic emphasis on this pivotal market.