Multinationals feel destocking pinch in June quarter

Analysts say the impact of trade destocking is likely to be higher in the September quarter

Viveat Susan Pinto  |  Mumbai 

Multinational companies in the fast moving consumer goods sector (FMCG) have reported a significant destocking impact on their June-quarter sales growth numbers, ahead of the implementation of the goods and services tax (GST) in India. On Thursday, the world’s second-largest consumer goods company, Unilever, reported a 0.6 per cent decline in sales volume growth in the Asia, Africa, Middle East, Turkey, Russian and Brazil regions, clubbed as the Asia/AMET/RUB zone, in the quarter (Q2).  It was the only Unilever region to report a decline in Q2 (Americas and ...

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