Unilever reports sales boost amid record price hikes

By Sarah Parsons 27-Oct-2022

The owner of Dove, Living Proof and Hourglass noted the "challenging macroeconomic conditions"

Unilever's Beauty & Wellbeing division, including Living Proof, saw sales increase by 6.7%

Unilever's Beauty & Wellbeing division, including Living Proof, saw sales increase by 6.7%

Unilever, the maker of Dove and Dermalogica, has reported an uptick in sales despite "challenging macroeconomic conditions".

Sales grew by 10.6% in Q3, but the conglomerate noted that consumers are purchasing less as volumes declined by 1.6%.

Shoppers globally are now paying 12.5% more for Unilever-owned products in the quarter, a record price hike for the brand owner.

Unilever's Beauty & Wellbeing division – which includes Paula's Choice, Vaseline and Living Proof – reported a sales increase of 6.7%, largely driven by price increases.

Hair care was singled out for its high single-digit growth driven by the Latin America and South Asia markets.

Skin Care grew low single-digit, reported Unilever, with Southeast Asia offsetting declining sales in Europe and North Asia.

Sales in the Personal Care division was also driven by price hikes as sales increased by 8.9%.

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Skin cleansing and deodorants were a stand-out category for the division with both product categories reporting double-digit growth. 

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