Wednesday, May 02, 2012

Indian Consumers Still Going Strong

Rumman Ahmed reports on the market's reaction to Hindustan Unilever’s better-than-expected fourth quarter earnings:

The market was keeping a close eye on the performance of India’s largest consumer goods maker by sales in order to gauge how well local demand is holding up at a time when the Indian economy is sputtering. The vast distribution reach of the local unit of Unilever PLC makes its sales performance a good barometer of consumer sentiment in the country.

Read the full article