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Fernando Fernandez Highlights India’s Rising Market Share in Home Care Segment
Unilever Business India: British multinational consumer goods company Unilever has commented on its business in India. The company stated that its business fundamentals have improved. India is Unilever's second-largest market after the US.
Fernando Fernandez, who is the Chief Executive Officer (CEO) of the British multinational consumer goods company Unilever, has commented on the improvement of the company's business in India. He has said, "Our business fundamentals are improving continuously in India. India is our second-largest market after the US, and one of our most important locations."
In fact, in the fourth quarter of the fiscal year, the home care segment of Unilever recorded core sales growth of 4.7 percent, along with volume growth of 4 percent. According to the company, this growth was supported by strong sales in India.
During Unilever’s fourth-quarter announcement of its earnings, Fernando Fernandes said that India has been a significant contributor to this growth. The strong performance of liquids in laundry and home care products resulted in mid-single-digit volume growth, which was its highest ever.
