Unilever Raises FY26 Sales Growth Guidance To 4%-6% Range, Sees H2 Growth Of 4%-5% Driven By Pricing

Following strong performance in the first half, we have upgraded our outlook for 2026: We expect underlying sales growth for full year 2026 to be within our multi-year guidance range of 4% to 6%, with around 3% underlying volume growth. We expect underlying sales growth in the second half of 4% to 5%, led by pricing. We anticipate a modest improvement in underlying operating margin for full year 2026 versus 20.0% in 2025.