KXIP vs KKR Live Score

In a bid to drum up $3 billion in sales over the next 10 years, the company is expanding distribution of its products in major cities, including in Sir Kensington's hometown of NY.

Underlying sales of Home Care and Personal Care increased 3.4 percent. "Food and Refreshment" had a 2.2 % turnover increase, but volumes dropped 1.1 %.

In the first quarter, Unilever said its sales grew faster than its markets, and that its strategy over the past months had made the company "more agile and closer to the local markets, unlocking both further growth and margin".

Unilever's sales growth in emerging markets continued to outpace developed markets, delivering growth of 6.1% versus -1.5% growth. Its products and mission jell well with Unilever's brands. That throws up the usual suspects in big-money deals, but also some of the more established players in the British and European spreads category.

The division did see some volume growth, with Unilever managing to eke out a 0.4% increase.

In a statement, Chief Executive Paul Polman said the results reconfirmed the strength of Unilever's business model. The company noted this was ahead of the wider market, where growth was around 2%, with negative volumes.

Turnover from Unilever's food business, which takes in brands including Colman's mustard and Becel margarine, stood at EUR3.2bn, which equated to underlying sales that were flat year-on-year.

Alongside the sell-off, Unilever's corporate review included a share buy-back programme worth €5 billion to appease investors and satisfy them that the company can be successful on its own.

Shore Capital remains bullish on Unilever (LON:ULVR), expecting the company to achieve its targets this year. It purchased a couple premium ice cream brands, including Talenti Gelato, and invested in its Ben & Jerry's and Hellmann's brands.

The challenge facing the industry is that some cost increases are provoking consumers to reduce purchases: Nestle said higher pricing weighed on shipments in Europe and also at its baby-food unit.


COMMENTS