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Q1 2024 Overview

Improved volume growth led by Power Brands

A bottle of Lux against a dark blue sky-like background with glowing purple flowers floating behind it.
  • 4.4%underlying sales growth
  • 2.2%underlying volume growth
  • 6.1%underlying sales growth delivered by our 30 Power Brands
  • 3.8%underlying volume growth delivered by our 30 Power Brands

Underlying sales growth (USG)

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Underlying volume growth (UVG)

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Underlying price growth (UPG)

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Magnum’s new mood-inspired ice cream flavours - Chill, Euphoria and Wonder - unwrapped on a serving dish and ready to eat.

Q1 highlights

  • Underlying sales growth of 4.4%, with volume growth increasing to 2.2%
  • All five Business Groups reporting underlying sales growth, led by Beauty & Wellbeing
  • Turnover increased 1.4% to €15.0 billion with -2.0% impact from currency and -0.9% from net disposals
Line-up of Dove Men+Care’s latest deodorant products that are designed to provide odour protection for the whole body.
  • Power Brands (75% of turnover) leading growth with 6.1% USG, driven by a 3.8% increase in volume
  • Announced separation of Ice Cream and launch of major productivity programme to accelerate the Growth Action Plan
  • 2024 outlook unchanged with underlying sales growth of 3% to 5% and a modest improvement in underlying operating margin
A Unilever Food Solutions chef smiling as she plates up.
Persil Wonder Wash on the production line

Our Business Groups

Our brands operate in five Business Groups, each fully responsible and accountable for its strategy, growth, and profit delivery globally.

Beauty & Wellbeing

Consists of Hair Care, Skin Care, Prestige Beauty and Health & Wellbeing (including the vitamins, minerals and supplements business). Expand to view more.

In the 2023 financial year Beauty & Wellbeing had a combined turnover of €12.5 billion.

Our best-known Beauty & Wellbeing brands

Dove pack illustration

Dove

Our mission is to make a positive experience of beauty accessible to all women

Sunsilk pack illustration

Sunsilk

Opening up possibilities for girls everywhere

Vaseline pack illustration

Vaseline

Everyone, everywhere deserves healthy, beautiful skin

Explore more Beauty & Wellbeing brands

Geographical footprint – split by geographical area

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Geographical footprint – Emerging versus Developed Markets

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Geographical footprint - Top 5 countries

1. USA
2. India
3. China
4. Brazil
5. Mexico

Personal Care

Consists of Skin Cleansing, Deodorants, Oral Care and Elida Beauty. Expand to view more.

In the 2023 financial year Personal Care had a combined turnover of €13.8 billion.

Our best-known Personal Care brands

Axe pack shot

Axe

When you smell good, good things happen

Dove pack shot

Dove

Our mission is to make a positive experience of beauty accessible to all women

Lifebuoy pack shot

Lifebuoy

Help parents ensure their kids fall ill less often

Lux pack shot

LUX

Inspiring women to rise above everyday sexist judgements and express their beauty and femininity unapologetically

Explore more Personal Care brands

Geographical footprint – split by geographical area

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Geographical footprint – Emerging versus Developed Markets

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Geographical footprint - Top 5 countries

1. USA
2. India
3. Brazil
5. UK
5. Indonesia

Home Care

Consists of Fabric Cleaning, Home & Hygiene, Fabric Enhancers and Water & Air Wellness. Expand to view more.

In the 2023 financial year Home Care had a combined turnover of €12.2 billion.

Our best-known Home Care brands

Cif pack shot

Cif

Goodbye ugly dirt. Hello beautiful

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Domestos

To win the war against unsafe sanitation and poor hygiene

OMO pack shot

OMO

Dirt Is Good!

Explore more Home Care brands

Geographical footprint – split by geographical area

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Geographical footprint – Emerging versus Developed Markets

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Geographical footprint - Top 5 countries

1. India
2. Brazil
3. China
4. Vietnam
5. UK

Nutrition

Consists of Scratch Cooking Aids, Dressings, Beverages and Functional Nutrition (including Horlicks and Boost). Expand to view more.

In the 2023 financial year Nutrition had a combined turnover of €13.2 billion.

Our best-known Nutrition brands

Knorr pack shot

Knorr

Reinventing Food for Humanity

Explore more Nutrition brands

Geographical footprint – split by geographical area

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Geographical footprint – Emerging versus Developed Markets

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Geographical footprint - Top 5 countries

1. USA
2. India
3. Netherlands
4. China
5. Indonesia

Ice Cream

Consists of Ice Cream, both in-home and out-of-home. Expand to view more.

In the 2023 financial year Ice Cream had a combined turnover of €7.9 billion.

Our best-known Ice Cream brands

Geographical footprint – split by geographical area

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Geographical footprint – Emerging versus Developed Markets

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Geographical footprint - Top 5 countries

1. USA
2. Turkey
3. Germany
4. UK
5. China

Hein Schumacher

“Unilever delivered improved volume growth in the first quarter driven by our Power Brands. We are implementing the Growth Action Plan at speed, focused on three clear priorities: delivering higher-quality growth, creating a simpler and more productive business, and embedding a strong performance focus.”

Hein Schumacher, Chief Executive Officer
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