Future Of British Business
Unilever Looks to Claw Back Market Share as Inflation Eases
- Sales grew 4.7% in final quarter, beating analyst estimates
- CEO Hein Schumacher has rejected calls for a breakup
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Magnum ice-cream maker Unilever Plc sold more products like deodorant and mayonnaise for the first time in more than two years, as easing price inflation encouraged shoppers to buy more.
Revenue grew 4.7% in the final quarter of 2023, just ahead of analysts’ estimates. Volume growth returned for the first time since 2021 as Unilever aims to regain the market share it had lost in recent quarters. The stock rose as much as 3.9% in London, the biggest intraday gain in four months.