April 9, 2013 / 8:53 AM / 5 years ago

HUL falls on emerging market outlook

Reuters Market Eye - Shares in Hindustan Unilever Ltd (HLL.NS) fall 0.6 percent after parent company Unilever Plc (ULVR.L) cited the risk of a “modest” slowdown in key emerging markets in an annual report.

An employee weighs a packet chickpea flour inside a mom and pop grocery store at a residential area in Mumbai December 5, 2012. REUTERS/Danish Siddiqui/Files

“In emerging markets consumer demand remains robust but there is nonetheless the risk of modest slowdown in key markets such as China, India and Brazil,” Unilever said in an undated report posted on its web site.

Dealers say Unilever’s statement exacerbates existing concerns about the Indian unit’s outlook given signs of weakening volume growth and rising competition.

Reporting by Abhishek Vishnoi

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below