Unilever reports sales growth of 3.9% in Q3 2025

UK – Unilever has reported sales growth of 3.9%, with 1.5% from volume and 2.4% from price, with all Business Groups delivering underlying sales growth above 3% and Power Brands reporting sales growth of 4.4%, 1.7% from volume and 2.6% from price in Q3 2025.

Underlying sales growth was 4.0% excluding Ice Cream, with 1.7% from volume and 2.2% from price, representing a sequential improvement from 3.1% in the second quarter.

In developed markets (44% of group turnover), sales growth was 3.7%, with 2.7% from volume and 1.0% from price.

This was led by a strong performance in North America, with volume-led underlying sales growth of 5.5% driven by Personal Care and Beauty & Wellbeing.

In Europe, underlying sales growth was 1.1% against a strong prior-year comparator.

Ice cream

Ice Cream sales grew 3.7%, with 3.7% from price and flat volume, as the business lapped a mid-single-digit volume comparator.

This competitive growth was driven by the continued success of its innovations and ongoing operational improvements.

In-home Ice Cream delivered low single-digit growth while Out-of-home Ice Cream grew mid-single digit.

Cornetto led performance with high-single-digit growth, supported by the ongoing success of new flavours and formats across Europe and Asia.

Ben & Jerry’s grew mid-single digit supported by the ongoing success of innovations launched in the first half, including new dairy and non-dairy flavours and Scoopapalooza, a mega pint format driving sharing occasions in the US. Magnum and Wall’s grew low single-digit against a strong prior year comparator.

“In Ice Cream, we are focused on continuing to strengthen the business in preparation for Ice Cream’s demerger in 2025. We are doing this by developing an exciting product pipeline, designing more efficient go-to-market strategies, optimising our supply chain, and building a dedicated sales team globally,” the company stated.

Outlook

For the full year 2025, the company stated that the outlook is unchanged, and applies both including and excluding Ice Cream.

Sales growth is expected to be within the range of 3% to 5%. Second-half growth is expected to be ahead of the first half, despite subdued market conditions.

“This reflects our continued strength in developed markets and improving performance in emerging markets. We continue to anticipate an improvement in underlying operating margin for the full year, with second half margins of at least 18.5% (or at least 19.5% excluding Ice Cream), a significant improvement versus the second half of 2024.”

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