While urban demand continued to remain subdued, rural demand sustained its gradual recovery. Downtrading took place with small packs growing ahead of large packs. HUL’s home care segment posted high single-digit volume growth, while the beauty and wellbeing segment posted a low-single-digit volume decline and the personal care and foods segments each posted a mid-single-digit volume decline.
Global Market: US weekly jobless claims drop more than expected
US unemployment claims saw a sharper-than-expected drop last week, signaling continued labor market strength. Despite this positive sign, a rise in continuing claims suggests employers