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Unilever sees China recovery despite turnover decline

Unilever reported a 3.5% YoY decline in Q3 2025 turnover to 14.7 billion euros ($15.6 billion), despite 3.9% underlying sales growth. CEO Fernando Fernandez highlighted recovery in key markets like China and Indonesia. Beauty & Wellbeing demonstrated relative resilience with 1.6% turnover drop but 5.1% underlying growth, driven by double-digit performances from Dove, Vaseline, and premium brands Hourglass and K18. Asia Pacific Africa led with 6.8% underlying growth. The company is accelerating transformation through restructuring, including 7,500 planned job cuts, while pursuing targeted acquisitions like Dr. Squatch. Unilever maintains its full-year outlook of 3%-5% underlying sales growth.

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