The world’s second largest consumer products manufacturer, Unilever reported its third quarter sales that are below the estimates given by analysts. The company had to face that due to sluggish sales in the up coming markets and the weak spending of consumers in the western European markets.

The firm saw a rise of three decimal six percent in its so called underlying sales. These facts were given by the firm based in Rotterdam, today, in a statement.

According to median estimate of seven analysts surveyed by Bloomberg News the amount was three decimal eight percent.

The company saw a rise in its net income in the tune of nineteen percent taking it to one decimal two five euros which surpassed the average estimate of twelve analysts’ figure of one decimal one eight billion euros.

According to Martin Deboo who is an analyst of Investec Securities of London the third quarter was very difficult time for the firm as cost inflation returned and the climate was not good for the progression of pricing.

Unilever saw a loss of zero decimal three percent in its underlying sales in Western Europe with poor sales in countries like Ireland, Spain and Greece. Even the sales growth came down to six decimal seven percent from seven decimal nine percent in the first half of the fiscal in countries of Asia.

Unilever has plans to expand in higher-growth areas for doubling up its sales. It would expand in personal care section and increase its presence in up coming markets

For including hair care products like Nexxus and VO5 in the selection of its brands the company in the month of September, agreed to buy Alberto Culver Co spending three decimal seven billion dollars.