**Summary of Unilever PLC Q3 2025 Trading Statement**
Unilever PLC reported broad-based growth in its Q3 2025 trading statement, with underlying sales growth (USG) of **3.9%** (4.0% excluding Ice Cream), driven by volume growth of **1.5%** (1.7% excluding Ice Cream) and price growth of **2.4%**. Turnover reached **€14.7 billion**, down **3.5%** year-on-year due to currency impacts (**-6.1%**) and net disposals (**-1.0%**). The company’s **Power Brands** delivered strong performance, with underlying sales growth of **4.4%**, supported by volume growth of **1.7%** and price growth of **2.6%**.
**Key Highlights**
**Beauty & Wellbeing**Accelerated growth to **5.1%**, led by double-digit performance in brands like Dove, Vaseline, and Nutrafol.
**Personal Care**Grew **4.1%**, with Dove’s premium innovations driving performance.
**Home Care**Delivered **3.1%** growth, supported by Cif and Domestos.
**Foods**Grew **3.4%**, led by strong momentum in Hellmann’s.
**Ice Cream**Grew **3.7%**, primarily driven by price as the business lapped a mid-single-digit volume comparator.
**Geographical Performance**
**Developed Markets**Underlying sales growth of **3.7%**, led by North America’s **5.5%** growth, driven by Personal Care and Beauty & Wellbeing.
**Emerging Markets**Sequential improvement to **4.1%**, with Indonesia returning to growth (**12.7%**) and China delivering low-single-digit growth. Latin America declined **2.5%** due to challenging economic conditions.
**Strategic Updates**
**Ice Cream Demerger**Expected to complete in **Q4 2025**, creating a simpler Unilever with a sharper focus and higher margin profile. The demerger will result in The Magnum Ice Cream Company (TMICC), with Unilever retaining a **19.9%** stake initially.
**Productivity Programme**Ahead of plan, delivering **€800 million** in savings, with **€650 million** expected by end-2025 and the remainder in 2026.
**Dividend**Quarterly dividend increased **3%** to **€0.4528** compared to Q3 2024.
**Outlook**
Unilever reconfirmed its full-year 2025 outlook, expecting underlying sales growth within the **3% to 5%** range. Second-half growth is anticipated to outpace the first half, supported by strength in developed markets and improving performance in emerging markets. Underlying operating margin is expected to improve, with second-half margins of at least **18.5%** (or **19.5%** excluding Ice Cream).
**CEO Statement**
CEO Fernando Fernandez highlighted Unilever’s strong innovation program, improved performance in emerging markets, and strategic focus on premium segments, digital commerce, and key markets like the US and India. The Ice Cream demerger is expected to simplify the business and enhance focus.
**Conclusion**
Unilever’s Q3 2025 results demonstrate resilience and strategic progress, with broad-based growth across business groups and geographies. The company remains on track to meet its full-year outlook, supported by innovation, productivity initiatives, and strategic portfolio adjustments.
| Metric | Third Quarter 2025 | Nine Months 2025 | ||
|---|---|---|---|---|
| 2025 | vs 2024 | 2025 | vs 2024 | |
| Turnover (€ billion) | 14.7 | (3.5)% | 44.8 | (3.3)% |
| Underlying Sales Growth (USG) | 3.9% | +0.9% pts | 3.6% | +0.3% pts |
| Volume Growth (UVG) | 1.5% | +0.5% pts | 1.5% | +0.1% pts |
| Price Growth (UPG) | 2.4% | +0.4% pts | 2.1% | +0.1% pts |
| Currency Impact | (6.1)% | -0.7% pts | (4.8)% | -0.5% pts |
| Net Debt (Change) | Not explicitly stated, but mentioned as part of capital allocation strategy | Not explicitly stated, but mentioned as part of capital allocation strategy | ||
| Dividend (Change) | +3% vs Q3 2024 | Quarterly dividend up 3% vs Q3 2024 | ||