Diversifying: Unilever headquarters in Rotterdam, Netherlands. Like its peer Nestle, Unilever has been buying assets to get more exposure to fast growing categories like vegan foods and premium beauty and moving out of slower categories like margarine and tea.— Reuters
LONDON: Unilever reported a stronger-than-expected return to sales growth in the third quarter on Thursday led by emerging markets where it generates the bulk of its revenue.
Underlying sales rose 4.4% year-on-year, for the Anglo-Dutch maker of Dove soap, Hellmann’s mayonnaise and Tresemme shampoo. Analysts on average were expecting an increase of 1.3%, according to a company-supplied consensus.
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