“We do see that higher-volume, lower-pricing mix persisting, especially in the first half,” chief financial officer Graeme Pitkethly said in an interview. That helped it drive sales growth that beat analyst expectations in the fourth quarter, even as price increases fell short. London, England—Unilever is rolling out new products such as Dove shower foam to boost sales as it struggles to raise prices on longtime mainstays like Hellmann’s mayonnaise. Underlying sales rose 4 per cent in the fourth quarter, Unilever said Thursday, above analyst expectations. Pricing remains under pressure in inflationary markets such as Argentina and Brazil, Pitkethly said, while in India the company is passing on the benefits of tax savings to consumers through price cuts.

Source: thestar February 01, 2018 20:26 UTC