Unilever reports sales boost amid record price hikes

By Sarah Parsons | Published: 27-Oct-2022

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

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%.

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

You may also like