Global FMCG Majors Pledge to Boost Investments in India Amid Strong Demand

Global consumer goods majors are optimistic about India's growth prospects and plan to step up investments to accelerate their retail presence in the country.

Companies like Mondelez International, L'Oréal, Reckitt, Unilever, Nestlé, and The Coca-Cola Company have reported strong consumer demand and market share gains in India during the June quarter.

In their earnings calls, top executives pointed to resilient consumer demand, accelerating premiumisation, expanding distribution networks, focus on low-price packs, strong performance of digital and e-commerce channels, and rising market share across categories in India.

Nestle CEO Philipp Navratil said that India's performance was 'very, very strong' during the quarter, while Unilever CEO Fernando Fernandez described India as its second-largest market, which 'accelerated strongly' during the quarter.