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For 2023, Unilever reported a turnover of 59.6 billion euros. The company s underlying sales growth in the full year stood at 7 per cent with a volume increase of 0.2 per cent and 6.8 per cent from price point. While for the December quarter, Unilever s turnover was at 14.2 billion euros, up 4.7 per cent. Its Asia Pacific Africa Zone, which consists of large markets such as India and China, contributed 44 per cent of the group turnover in 2023. It posted an underlying sales growth of 6.5 per cent with price growth of 5.3 per cent and volume growth of 1.1 per cent. ....
"I am very grateful to Nitin for everything he has done in the company. By the way, he will continue as the chair of Hindustan Unilever for the foreseeable future. And I am very grateful that he will use all his expertise and experience in that key role," Unilever chief executive officer Hein Schumacher said. ....
So, it is obvious that there is a lot caution in the air today. There have been a few callouts but I think it is mainly pockets driven rather than across the board as such. ....
Preeyam Tolia of Axis Securities, says Nestle s Q3 results meet expectations with slight misses. Nestle has strong overall performance, outperforming other FMCG companies. Expect mid-single digit volume growth. Coffee prices are volatile but other raw materials like palm oil and milk prices are stable, minimal impact on overall margins. Nestle s basket of raw materials remains stable. ....