Unilever Raises Volume Outlook as Beauty and Personal Care Drive Q3 Growth

Beauty & Wellbeing grew underlying sales by 5.7%, while Personal Care increased 6.3%. Unilever now expects at least 3% underlying volume growth for 2026 and approximately 5% underlying sales growth in the second half.

Its full-year underlying sales-growth range remains 4% to 6%, with a modest improvement in underlying operating margin expected. The company’s business-group review points to double-digit growth for Dove, Vaseline, Sunsilk, Clear and K18 within Beauty & Wellbeing.

Hair care accelerated, while prestige skincare growth included contributions from Hourglass, Paula’s Choice and Dermalogica. The narrower Wellbeing business moved in the opposite direction, declining by a high-single-digit percentage in the quarter.

Unilever attributed part of that decline to Amazon Prime Day shipment timing and said it was rebalancing revenue and pricing across direct-to-consumer, club, online and omnichannel retailers…