Executive Summary
Unilever PLC reported a modest increase in first‑half revenue and a decline in operating profit, while underlying sales in the second quarter outperformed market expectations. The results prompted a positive revision of the company’s full‑year sales outlook and a rally in the share price, which closed at 4 927,50 pence (+6,5 %) on July 28 2026.
First‑Half Financial Performance
| Item | 2025‑26 | Change vs. Previous Year |
|---|---|---|
| Turnover | €25,600 million | +0,5 % nominal |
| Profit attributable to shareholders | €3 316 million (€1,52 per share) | –€196 million (–4,4 %) |
| Underlying second‑quarter sales | Not disclosed in absolute terms | +5,8 % (vs. 4,1 % expected) |
The company noted that organic demand had been strengthening, yet operating efficiency pressures contributed to the profit decline.
Market‑Driven Factors
- Emerging‑market momentum: Sales of Dove soap and Rexona deodorants in India and Indonesia drove the Q2 sales surge.
- Share price reaction: The announcement of the stronger-than‑expected sales led to a 6,5 % jump in the London market, lifting the share to 4 927,50 pence. The increase was the largest in two years.
Guidance Update
Unilever raised its full‑year sales outlook, citing the momentum in emerging markets and the stronger‑than‑anticipated Q2 performance. The company remains confident that the underlying sales trend will continue, despite the recent profit dip.
Key Ratios and Market Position
- Market capitalisation: 171 510 799 800 GBX.
- Price‑earnings ratio: 21,20.
- 52‑week range (London Stock Exchange): 3 644 GBX – 5 542,11 GBX (high on 18 Dec 2025).
Unilever’s position as a leading consumer‑staples company is reinforced by its broad product portfolio, including personal care, household, and food products, and its global distribution network.
Conclusion
The first‑half results demonstrate a resilient revenue base and a growing market presence in emerging economies. While the profit decline signals the need for continued cost discipline, the upward revision of sales guidance and the strong share‑price response indicate investor confidence in Unilever’s medium‑term trajectory.
