October 17, 2019 / 6:12 AM / a month ago

Unilever third quarter sales miss estimates on India, China slowdown

LONDON, Oct 17 (Reuters) - Consumer goods giant Unilever Plc , the maker of Knorr soups and Dove soap, reported weaker-than-expected third quarter sales, blaming softer demand in India and a slowdown in China, two of its biggest emerging markets.

The firm, which also makes Ben & Jerry’s ice cream, reported underlying sales growth of 2.9% in the quarter, missing average forecasts for a 3% rise, according to a company-supplied consensus.

Turnover was 13.3 billion euros ($14.72 billion), above the 13.24 billion euros analysts had expected. ($1 = 0.9033 euros) (Reporting by Siddharth Cavale in London Editing by Shri Navaratnam)

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