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Updated February 8th, 2024 at 12:59 IST

Unilever reports 5% increase in quarterly sales as volumes return

Analysts had expected a higher price increase, yet sales volumes surpassed their estimations.

Business Desk
Unilever
Unilever | Image:Unilever
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Unilever results: Unilever announced a 5 per cent increase in quarterly sales, in line with expectations, as it implemented price hikes at a slower pace compared to previous quarters. This strategy resulted in a notable uptick in sales volumes, marking the first growth in ten quarters.

The company anticipates a slight enhancement in underlying operating margin for the fiscal year and foresees underlying sales growth to remain within the 3 per cent to 5 per cent range over the multi-year period. 

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Unilever, recognised for brands like Dove soap and Hellmann's condiments, revealed a approximately 5 per cent surge in fourth-quarter underlying sales, meeting the average forecast of analysts, according to a consensus provided by the company.

Underlying price growth for the fourth quarter stood at 2.8 per cent, while volumes increased by 1.8 per cent, marking a turnaround from the previous trend since the second quarter of 2021. Analysts had expected a higher price increase, yet sales volumes surpassed their estimations.

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(With Reuters Inputs)

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Published February 8th, 2024 at 12:59 IST

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