The Flora, Dove and Ben & Jerry’s maker says sales grew 3.2 per cent in the three months to 30 September compared with 5 per cent in the second quarter.
Sales income from emerging markets, where the company generates more than half of sales from, grew 5.9 per cent – markedly less than the 10.3 per cent growth registered in the first-half.
Sales from developed markets, which include the UK, “remain flat to down”, the company says, adding there is “little sign of any improvement so far”.
In a statement, chief executive Paul Polman says he expects new product developments – essential in categories such as home and personal care, where innovation is necessary to boost otherwise flat growth – to lead to improvements in the fourth quarter.
“We will continue to accelerate our innovations, backed with competitive support, to build long term growth and value,” he adds.