Unilever also said the volume of products it sells will increase at least 2% annually following the separation of its ice cream business, helping it reach a previously set target of mid-single-digit sales growth.
Consumer goods makers have been trying to wean themselves off price-fueled revenue gains after a period of high inflation.
Unilever returned to quarterly volume growth in the final three months of 2023, for the first time since 2021. In the third quarter of this year, Unilever’s volumes rose 3.6%, helping it increase sales 4.5%.
Schumacher on Friday pledged to “double down” in India: “It perhaps represents our single biggest opportunity,” he said, adding that robust economic growth in India offers an opportunity for all of its units.
“We will pull all levers to make sure that we benefit from that growth,” Schumacher said.
Unilever said both the €800 million productivity program and the separation of the ice cream division, which includes the Ben & Jerry’s brand, are on track for completion by the end of next year, as planned.
Unilever shares rose 2% in London and they’re up 21% over the past 12 months.
