Unilever lifts volume outlook as emerging markets drive Q3 beat
UL•Unilever reported third-quarter underlying sales growth of 5.2%, above the 4.8% analyst forecast, and raised its full-year underlying volume growth outlook to at least 3% from around 3%. It kept its 2026 sales and profit margin forecasts unchanged.
1. Sales beat forecasts
Unilever reported third-quarter underlying sales growth of 5.2%, compared with analysts’ 4.8% forecast. Volume grew 2.9% and prices rose 2.3%. The company raised its full-year underlying volume growth forecast to at least 3% from around 3%.
2. Emerging markets lead
CEO Fernando Fernandez said emerging markets were a key driver, with growth led by India and continued strength in Latin America and Southeast Asia. Developed-market performance was weaker, reflecting tougher comparisons and softer results in Foods. Unilever kept its 2026 sales and profit margin guidance unchanged and expects underlying sales growth of around 5% in the second half of 2026.
