![]() Globally, most companies are cutting costs amid inflationary pressures and an uncertain economic environment. ![]() And we are confident in our ability to navigate the turbulence," said Alan Jope, chief executive of Unilever, parent of local unit Hindustan Unilever. "It's a real strength for our business, the ability to disaggregate India geographically. Quincey said affordability - a key driver in emerging markets - helped Coca-Cola achieve around 3 billion transactions in India last quarter.įMCG giant Unilever said it saw a strong quarter of growth in India with positive volumes despite difficult trading conditions. In contrast, "India's economy remains resilient with a strong job market and robust consumption," he said. In Japan, consumers are feeling inflationary pressure for the first time in many years. ![]() CEO James Quincey said the reopening of China has led to an increase in business, although consumption is still to recover to pre-pandemic levels. Sales of premium products across smartphones, electronics and apparel have remained resilient ever since the pandemic. Demand for daily groceries and essentials rose 3.9% in the March quarter, the highest in two years, largely driven by urban markets as sales in villages improved, according to researcher Kantar. ![]()
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