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'Strict lockdowns' in India, other key markets impact Unilever's biz growth

Unilever, which on Thursday announced results for the first half of 2020, reported a turnover of 25.7 billion euros for the January-June period

Unilever headquarters in Rotterdam, Netherlands
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Unilever said spread of Covid-19 combined with the lockdowns and restrictions that have been implemented in many countries led to significant changes in the operating environment.

Press Trust of India New Delhi
Anglo-Dutch FMCG major Unilever on Thursday said strict lockdowns in key markets, including India, have impacted its business growth in the first half of 2020.

Unilever, which on Thursday announced results for the first half of 2020, reported a turnover of 25.7 billion euros for the January-June period, which was down 1.6 per cent from the corresponding period of 2019.

It said that lockdowns during the first half varied in severity, with some having a more significant impact on the supply and availability of goods, particularly those in India and China.

"China entered lockdown in January and declined mid-teens during