Unilever PLC (ULVR) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Unilever's third quarter trading statement for 2025. Thank you for being with us today. I am joined here by Srini Patak. Srini's appointment as Chief Financial Officer was confirmed by the Board last month following an extensive search process. Srini's vast experience and expertise are great assets for Unilever and I am really delighted we will keep building on the strong partnership that we have formed. In a moment, Srini will take you through the details of the third quarter results. First of all, let me highlight the key elements of our performance as I said. We have delivered a good quarter with 4% underlying sales growth and acceleration of volume growth to 1.7% for Unilever, excluding ice cream, despite subdued markets. Growth was broad-based across all business groups, with each of them delivering underlying sales growth about 3%. This performance keeps Unilever on track to meet our full-year outlook and is evidence of our powerful innovation, improved execution and significant shift into premium segments and fast-growing channels. It is also fully in line with the priorities we have set for the business. For example, our major growth engines – beauty and wellbeing and personal care – deliver particularly strong performances. Our power brands continued to outperform, delivering 4.4% growth in the quarter, with volumes up 1.7% for total group and 2.2% excluding ice cream. We also saw a continuation of sustained strengths in developed markets, particularly North America. Volume-led growth in that region was 5.5%, and it was driven by personal care, an improved performance in Prestige Beauty, and once again, exceptional delivery in wellbeing. Europe grew underlying sales by a competitive 1.1%, despite a strong comparator. Structurally, our bu...