India, China give Nestle, Unilever headstart in Q1; post good volume growth

Nestle reported a 4.7 per cent sales growth for the Asia, Oceania, and Sub-Saharan African region for the January-March (2018) period, which was the highest among its three zones

The world's largest foods company Nestlé and the second-largest consumer goods major Unilever on Thursday announced their first-quarter results, posting a good volume growth, led by markets such as India and China.

Nestlé reported a 4.7 per cent sales growth for the Asia, Oceania, and Sub-Saharan African (AOA) region for the January-March (2018) period, which was the highest among its three zones. 

Americas (AMS) and Europe, West Asia, and North Africa (EMENA) constitute the other two regions for Nestlé, reporting 1.2 per cent and 2.2 per cent sales growth, respectively, for the quarter under review. 

India, which comes under South Asia, is a