Unilever PLC (ULVR) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.753 Good morning and thank you for joining us for Unilever's second quarter and half year 00:00:03.753 -- 00:00:08.115 results. In a moment, Srini will take you through the details of the results. 00:00:08.115 -- 00:00:12.998 But first, let me highlight the key elements of our performance over the first half as 00:00:12.998 -- 00:00:18.281 I see them and how desire at scale is fundamental to our strong delivery. 00:00:18.281 -- 00:00:22.985 I have said consistently that volume growth is our overriding priority. 00:00:22.985 -- 00:00:28.070 It is a true measure of demand and even more important signal of progress during times 00:00:28.070 -- 00:00:33.395 like this of heightened volatility. It is particularly encouraging, therefore, 00:00:33.395 -- 00:00:37.819 to be able to present today a strong volume-led hub for Unilever. 00:00:37.819 -- 00:00:43.021 and not just a strong performance, but an accelerating one, with underlying sales growth 00:00:43.021 -- 00:00:48.783 in the second quarter of 5.8%, with volume up 5.5%. 00:00:48.783 -- 00:00:53.764 This is Unilever's best quarterly volume performance since 2010. 00:00:53.764 -- 00:00:58.826 Our underlying volume growth over the last four quarters averaged 3%, a testament 00:00:58.826 -- 00:01:02.707 to the strength of our brands and our discipline execution. 00:01:02.707 -- 00:01:08.029 These strong first half results reflect progress against our key strategic priorities, 00:01:08.029 -- 00:01:12.250 including, most notably, the performance of our power brands. 00:01:12.250 -- 00:01:17.992 Now, sitting at 78% of our turnover, these brands continue to outperform, 00:01:17.992 -- 00:01:22.134 delivering underlying sales growth in the second quarter of 6.9%, with 6.8% coming from 00:01:22....