Multinational companies get on the revival bandwagon with India s second COVID-19 wave ebbing
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Synopsis
The optimism comes months after operations were hit as India implemented another round of lockdowns to curb the spread of Covid-19. While e-commerce was allowed to sell only essentials, malls and non-essential stores were shut across the country and food and grocery stores had restricted operating hours in several states.
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More than a dozen global companies including
Unilever, Apple, Mondelez, Visa, Whirlpool and Skechers said in their earnings call that demand in India recovered sharply since June after unlocking restrictions with sales even reaching pre-Covid levels for some of them.
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Operator
Good day and welcome to the Mondelez International Second Quarter 2021 Earnings Conference Call. Today s call is scheduled to last about one hour including remarks by Mondelez management and the question-and-answer session. [Operator Instructions]
I would now like to turn the call over to Mr. Shep Dunlap, Vice President, Investor Relations for Mondelez. Please go ahead, sir.
Shep Dunlap
Vice President, Investor Relations
Good afternoon and thanks for joining us. With me today are Dirk Van De Put, our Chairman and CEO; and Luca Zaramella, our CFO. Earlier today, we sent out our press release and presentation slides which are available on our website.
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