While the earnings news may be grim for other European players, Unilever has registered a hike in quarterly profits for its Indian arm of the business.
Unilever India net profits increase to Rs12.5bn
Lower ingredient costs and increased consumer spending contributed to the increase
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Unilever Ventures invests in hair care brand Arey to drive longevity innovations
Read moreArey has also unveiled its first clinical trial in the Journal of Drugs and Dermatology, as well as announcing its newest launch, hair longevity serum Good Night, Grey
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Manufacturing
Unilever invests $270 million in new Global Innovation Centre to speed up beauty R&D
The consumer goods giant’s new artificial intelligence-led innovation hub in Connecticut, US, is set to open in 2029, housing new technologies which Unilever claims will drive scale and speed-to-market for its beauty brands