Unilever PLC (ULVR) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.038 Good morning and welcome to Unilever's second quarter trading statement for 2025. 00:00:05.038 -- 00:00:09.704 Thank you for joining us. I am joined today by Shini Patak, our Acting Chief Financial 00:00:09.704 -- 00:00:14.410 Officer. In a moment, Shini will take you through the detail of the second quarter and 00:00:14.410 -- 00:00:19.977 first half results. I will then come back to talk more broadly about the continuing transformation 00:00:19.977 -- 00:00:25.722 of the business and how we see the remainder of this year and beyond. 00:00:26.426 -- 00:00:31.934 First of all, let me set out what what I see to be the key elements of our solid performance 00:00:31.934 -- 00:00:36.944 in the first half, and importantly, why these give us real confidence 00:00:36.944 -- 00:00:39.509 when it comes to delivering the full year. 00:00:39.509 -- 00:00:43.777 There are five elements in particular that I would like to highlight. 00:00:43.777 -- 00:00:49.107 First, the balance of our growth. We deliver underlying sales growth for the half 00:00:49.107 -- 00:00:50.943 of 3.4%. 00:00:50.943 -- 00:00:54.667 and we did it with a good balance of volume and price. 00:00:54.667 -- 00:00:59.833 Volumes improved sequentially over the course of the half, despite subdued markets, 00:00:59.833 -- 00:01:04.598 with first-half market volume growth at around 1.3%. 00:01:04.598 -- 00:01:09.704 Importantly, volume growth was broad-based and positive across all business 00:01:09.704 -- 00:01:14.870 groups. Second, the continued structural strengthening of our gross 00:01:14.870 -- 00:01:20.084 margin that allowed furthering increase in the support of our brands. 00:01:20.084 -- 00:01:25.856 We plan to market the investment highly competitive in the first half ...