Driven by strong performance in beauty and personal care, Unilever raised its full-year forecast, projecting at least 3 percent volume growth for 2026.
Unilever topped sales estimates in the third quarter and upgraded its full-year outlook.
The U.K.-headquartered CPG giant reported turnover of 13.3 billion euros in the third quarter, with underlying growth of 5.2 percent versus analysts’ estimates for 4.8 percent.
Beauty & Wellbeing sales came in at 3.5 billion euros, up 5.7 percent, while personal care was 3.6 billion euros, 6.3 percent higher than a year earlier.
Within Beauty & Wellbeing, hair care grew by double digits and skin care grew by midsingle digits. Growth was driven by strong performances from Dove, Vaseline, Sunsilk, Clear and K18.
Wellbeing, though, declined 1 percent in the third quarter, with the company stating that this reflects conscious choices to rebalance revenues and relative pricing between direct-to-consumer, club, pure play online and omnichannels.
Across its wellness brands, the picture is mixed: While Liquid I.V. and Olly both grew in the year-to-date, Nutrafol declined as the measures to improve customer acquisition remain at an early stage. Grüns, which it acquired earlier this year, delivered strong growth in its first full quarter with Unilever and will enter its underlying sales growth measure next year in June.
Home care and food both came in at 3.1 billion euros, respectively.
By region, growth was led by emerging markets, while developed markets reflected tougher comparators and soft market conditions.
3 percent from price. Growth was broad-based, including double-digit growth in India, Turkey, Vietnam and Pakistan, and high-single-digit growth in Latin America, Indonesia and South East Asia.
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