Global FMCG majors bet big on India as sales outshine China, Europe

Colgate-Palmolive also expressed optimism about India after facing market share erosion from local rivals such as Dabur and various startups in recent years. “India, I think, is hitting stronger now, getting the execution done well in the rural trade, getting the pricing where it needed to be, consistent, and now trying to optimize the premium part of the category,” Noel Wallace, the company’s chairman, president and chief executive, said on 30 October. The comments follow a major leadership reset at its Indian arm after months of sluggish growth. Prabha Narasimhan resigned as CEO of Colgate-Palmolive India in late August and was succeeded by Manish Anandani.