Growth isn't picking up for consumer companies, if Hindustan Unilever's September quarter numbers are anything to go by. While standalone net sales grew by 10.8% year-on-year to Rs 7640 crore, volume growth remained tepid at 5%, which disappointed analysts. The quarter's sales growth has been driven by a 11% growth in soaps and detergents. The personal products segment grew by 9.9% year-on-year, exhibiting signs of continued weakness. The laundry segment's growth, analysts claim, has been driven by the premium segment, even though brands like Wheel are showing traction after the relaunch.
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