Hindustan Unilever Ltd’s (HUL’s) parent, Unilever Plc., said volumes grew just 0.2% in the March quarter. That apart, Unilever’s comments on emerging markets, including India, were not particularly encouraging.

The firm said: “Lockdown measures in India commenced from mid-March, followed by a strict national lockdown, severely limiting the flow of goods and leading to a decline in South Asia." “Growth in India was impacted by both the slowing market and the lockdown implemented at the end of March, which stopped production and shipping for a number of days," added Unilever.

Following the comments, HUL shares fell nearly 3% on a day when the benchmark Nifty 50 index rose by 1.4%. Needless to say, when HUL announces its March quarter results

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