Unilever Q1 turnover beats estimates, underlying sales up 3.8% on volume growth

Unilever

30/04/2026 07:11

Overview

UK consumer goods giant's Q1 turnover was €12.6 bln, beating analyst expectations

Underlying sales grew 3.8%, driven by 2.9% volume growth

Company launched €1.5 bln share buyback and reaffirmed full-year outlook

Outlook

Unilever expects 2026 underlying sales growth at the bottom end of its 4%-6% range

Company anticipates at least 2% underlying volume growth for full year 2026

Unilever expects a modest improvement in underlying operating margin versus 20.0% in 2025

Result Drivers

POWER BRANDS - Co said strong volume growth was led by Power Brands, which delivered 5.0% underlying sales growth and 4.0% volume growth

EMERGING MARKETS - Co cited broad-based momentum in emerging markets, with strong growth in India and recovery in Latin America

HOME CARE VOLUMES - Home Care segment saw 6.2% volume growth, driven by improving momentum and competitiveness in India and Brazil

Company press release: ID:nRSd4794Ca

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
EUR 12.6 bln
EUR 12.37 bln (3 Analysts)
Q1 Dividend
EUR 0.47


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 7 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the personal products peer group is "buy"

Wall Street's median 12-month price target for Unilever PLC is GBp5,250.00, about 24.6% above its April 29 closing price of GBp4,214.50

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)