MUMBAI -- India's leading consumer goods makers continued to be pressured by sluggish urban demand and input cost burdens in the most recent quarter, with market leader Hindustan Unilever (HUL) cutting its margin forecast and Nestle India reporting a drop in profit.
Consumer
India units of Unilever, Nestle take hit from slow urban consumption
Hindustan Unilever sees lower margins, while Nestle's profit falls
Nestle India’s consolidated profit, reported on April 24, dropped 6.5% to 8.7 billion rupees in the quarter ended March. (Photo by Keiichiro Asahara)
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