Unilever’s Beauty & Wellbeing division generated €6.5bn, equal to 25% of group turnover in H1 26. Underlying sales grew 5.9% compared to 4.8% at group level, driven by 4.5% volume and 1.3% price. Reported turnover, however, increased only 0.3% due to a 6.0% currency effect. Momentum strengthened in Q2, with underlying sales rising 8.1% with a 6.9% volume growth.
Haircare was the main engine, growing 9% in H1. Dove, Sunsilk and K18 delivered double-digit growth, supported by premium hair-repair products and biotechnology-led innovation.
Skincare grew low-single digit. Double-digit growth from Vaseline and stronger Q2 performances from Paula’s Choice, Hourglass and Tatcha were partly offset by softer sales in Asia Pacific and Africa.
Wellbeing also grew low-single digit. Olly delivered double-digit growth, while Liquid I.V. grew high-single digit across H1, with some of its Q2 acceleration coming from shipment timing.
Despite the good sales performance, Beauty & Wellbeing’s margin rose only 10bps to 19.5%, as lower gross margin and higher marketing investment absorbed much of the operating leverage.
