Core Insights - Unilever's beauty and well-being sales drove a 3.9% underlying group sales growth to 14.7 billion euros in Q3 [1][2] - The beauty and well-being division reported a 5.1% underlying sales growth to 3.2 billion euros, marking the highest growth within the group [2][3] - Overall sales at actual exchange fell 3.5% year-on-year due to net disposals and currency headwinds [2] Beauty and Well-Being Division Performance - Top performers included Dove hair, Vaseline, Liquid I.V., Nutrafol, Hourglass, and K18, all achieving double-digit growth [3] - Prestige beauty grew at mid-single digits, while Paula's Choice and Dermalogica returned to low-single-digit growth after previous declines [3] - Liquid I.V.'s sugar-free range, launched in mid-2023, now accounts for nearly 30% of total brand sales [4] Personal Care Division Performance - The personal care division saw a 4.1% underlying sales growth to 3.3 billion euros, with strong performance from Dove's premium innovations [4] Future Outlook - The CEO stated that the full-year underlying sales growth is expected to be between 3% and 5%, with second-half growth anticipated to exceed the first half [5] - An improvement in underlying operating margin is expected for the full year, with second-half margins projected to be at least 18.5% [6] Market Dynamics - Emerging markets like Indonesia and China returned to growth, driven by Unilever's power brands [7] - Significant investments in manufacturing, logistics, and e-commerce in China contributed to the growth across all major divisions [8] Strategic Focus - Unilever is prioritizing beauty, well-being, and personal care, with a focus on premium segments and digital commerce [9] - The underlying growth exceeded analysts' expectations of 3.7% [9] Market Reaction - RBC Capital Markets described the third-quarter numbers as "reassuring," with encouraging momentum in China and India expected to accelerate in Q4 [10]