Unilever Q1 2025: outlook confirmed as underlying sales grow 3 percent

THE WHAT? Unilever has announced its results for the first quarter of the current financial year. The UK-based FMCG manufacturer reported underlying sales growth (USG) of 3 percent, with volume up 1.3 percent and price increasing 1.7 percent.

THE DETAILS Turnover hit €14.8 billion, down 0.9 percent on the prior year period, which the Dove owner attributed to net disposals. Unilever reconfirmed its 2025 full-year outlook of 3 to 5 percent USG and a modest improvement in underlying operating margin.

Highlights of the quarter included impressive 8 percent sales growth from Unilever’s largest brand, Dove. Beauty & Wellbeing as a category put on 4.1 percent driven by continued strong double-digit growth from Wellbeing brands. Personal care delivered a 5.1 percent uptick.

THE WHY? Fernando Fernandez, CEO, explains, “We have started the year with a resilient performance. First quarter underlying sales growth of 3 percent reflects the strength of our increasingly premium and innovation-led portfolio in developed markets. We have interventions in place in some emerging markets to step up growth in the remainder of the year.

“Heightened global macroeconomic uncertainty is a fact; however, the quality of our innovation programme, the strong investment behind our brands and our improving competitiveness give us confidence we will deliver on our full year plans.

“Creating desirability at scale for our brands and brilliant in-market execution are the pillars of our plan to turn Unilever into a consistently higher performing business. We are moving at pace, confident in making progress in 2025 and beyond.”

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