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India: Global CEOs' New Growth Engine
30 Oct
Summary
- Global consumer chiefs see India as key growth market.
- Companies like PepsiCo and Pernod Ricard outperform in India.
- India's economy projected for strong growth amid global slowdown.
Leading global consumer brands, including Coca-Cola, L'Oreal, and Pernod Ricard, are increasingly identifying India as a vital market for future growth and investment. This strategic shift occurs as their established markets in the US and Europe exhibit weaker performance.
Companies like Nestlé, Unilever, and PepsiCo highlighted their optimism for India during recent earnings calls for the July-September quarter. They are keen to capitalize on the rising demand for premium goods, expand their distribution networks, and leverage emerging sales channels such as e-commerce.
This focus on India is supported by its robust economic outlook. The nation's economy is projected to grow by 7.35% in the second quarter of the financial year 2026-27, demonstrating resilience amidst a challenging global economic environment.
Notable performances include PepsiCo, which saw its India unit excel in convenient foods and beverages, contrasting with its North American market. Similarly, Pernod Ricard reported a significant 19% sales increase in India, attributing it to dynamic consumer fundamentals and a trend towards premiumization. Unilever's Indian business also achieved substantial market share gains in beauty and laundry sectors.
