Picky consumers jilting big brands are Unilever India's new risk
The Indian unit of Unilever Plc is battling a slowing rate of growth in revenue and profits while its share price is lagging.
Stay updated with breaking news from Technopak Advisors. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Indian unit of Unilever Plc is battling a slowing rate of growth in revenue and profits while its share price is lagging.
Indias elite classes are becoming pickier consumers, fueling the success of organic personal-care brands backed by slick social media marketing campaigns. The rise of companies like local upstart Honasa Consumer Ltd, and the inroads made by global names including Estee Lauder Companies Inc. and Clinique Laboratories LLC, is forcing Hindustan Unilever to spend more on product development and advertising.
India’s elite classes are becoming pickier consumers, fueling the success of organic personal-care brands backed by slick social media marketing campaigns. The rise of companies like local upstart Honasa Consumer Ltd, and the inroads made by global names including Estee Lauder Companies Inc. and Clinique Laboratories LLC, is forcing Hindustan Unilever to spend more on product development and advertising.
While some celebrity-backed brands have picked up pace in recent times, beauty and apparel platforms alike have been struggling with rising cost of acquiring customers in a market inundated with new-age brands
It helps in engaging consumers and driving purchases