
Beauty & Wellbeing
€13.2bn turnover 2024
Unilever GlobalChange location
Unilever offers a compelling investment case — a simpler, sharper, and faster company built to deliver sustainable, competitive growth. These five pillars define how we create long-term value: a powerful global footprint, a focused portfolio, a growth engine built for the future, excellence in execution, and a play-to-win culture.
Unilever is a €52 billion+ business with category-leading brands in every major market. Our scale is global, our execution deeply local — operating in more than 190 countries with #1 or #2 positions across 80% of our portfolio.
€52bnTurnover excluding Ice CreamFY 2024
190Countries where our products are sold
3.4bnPeople use Unilever products every day
Unilever’s footprint is both balanced and advantaged — around 60% of turnover comes from emerging markets and 40% from developed markets.[a] Our top five markets — the US, India, Brazil, China and UK — together represent approximately half of Group turnover and form the foundation for future growth.

The diagram shows a world map with a pink pie chart in the centre, dividing global markets into two categories: 42% Developed Markets and 58% Emerging Markets. Developed markets include North America, contributing 22% of turnover, and Europe, contributing 20% of turnover. Emerging markets include Latin America at 15% of turnover, and Asia Pacific and Africa combined at 44% of turnover.
On the right side, a list highlights the Top 5 individual markets by turnover share:
The overall message is that emerging markets account for the majority of turnover globally, with Asia Pacific and Africa being the largest contributors among them.

Through decisive focus and simplification, Unilever is concentrating resources behind its biggest growth engines to deliver higher quality performance.
Unilever operates through four complementary Business Groups — Beauty & Wellbeing, Personal Care, Home Care and Foods — each fully accountable for strategy, innovation and performance. This structure creates clear ownership and sharper execution, with 13 verticals providing the focus and expertise needed to compete with pure-play leaders in every category. Together, these Business Groups combine the scale of a global company with the agility of specialists, driving faster growth and stronger returns.

€13.2bn turnover 2024

€13.6bn turnover 2024

€12.3bn turnover 2024

€13.4bn turnover 2024
We have concentrated our portfolio behind 30 Power Brands, which now generate more than 75% of Unilever’s turnover and deliver faster, more profitable growth. These are the brands with true global scale and premium potential — the ones where we are investing our best innovation, marketing and technology. By focusing resources on fewer, stronger brands, we are driving greater consistency, efficiency and volume-led growth across every market.
Unilever’s new market structure brings clarity, focus and ownership to the heart of our operations. Our top 24 markets, representing around 85% of Group turnover, are now fully led by our Business Groups, while the remaining 15% operate under the 1UL model to maximise scale and efficiency.[a] Across this framework, 44 defined P&L owners hold end-to-end accountability — ensuring every market, category and channel is managed with precision, speed and performance discipline.

The diagram shows a world map background with two large percentage figures representing Unilever’s turnover distribution across markets. On the left, 85% of Unilever’s turnover comes from 24 top markets, highlighted with two key attributes: Category focus and Pure-play capabilities. On the right, 15% of Unilever’s turnover comes from 1 Unilever markets, emphasising Scale, simplicity & efficiency.

Unilever’s portfolio is built for growth and competitiveness, guided by seven clear priorities and powered by a renewed focus on marketing and sales excellence. Through Desire at Scale, we’re elevating brand desirability, while our Perfect Store execution ensures flawless delivery in every channel and market.
Clear priorities across our categories, segments, channels and geographies — focusing our resources where momentum is strongest and returns are highest.







Our medium-term ambitions are clear and focused on where growth and returns are strongest. We aim for Beauty & Wellbeing and Personal Care to represent around two-thirds of Group turnover, with the US and India together accounting for about 45%, and our premium portfolio reaching roughly half of total turnover driven by innovation, desirability and digital commerce. Together, these ambitions define a faster-growing, higher-quality Unilever — built for sustained, competitive performance.
We are turning Unilever into a marketing and sales machine — driving superior brands through desire at scale and flawless execution in every channel and market.
We’re building brands that people truly want, not just buy — elevating desirability through bold creativity, social-first engagement and our SASSY model of Science, Aesthetics, Sensorials, Said by others and Young-spirited thinking. It is how we turn cultural relevance into growth at scale.
Execution excellence is measured in every channel — with 9 metrics for offline stores and 11 for online. From pricing and shelf presence to content quality and conversion, we track what drives performance and replicate what wins — ensuring flawless execution everywhere consumers shop.
We measure performance across the 6Ps: product, packaging, proposition, promotion, place, pricing — using 23 clear metrics. This data-driven approach turns execution into a science — ensuring excellence is tracked, proven and scaled everywhere we operate.

A new Unilever culture — faster, bolder and fully accountable. We play to win, with clear ownership and performance at the centre of everything we do, backed by incentives that directly reward results.

Performance defines how we lead, decide and act. We compete to win — moving faster, executing better, and measuring success by delivery, not intention. Across every market and function, we’re building a results culture that rewards impact, celebrates excellence and turns ambition into growth.

We’ve aligned our incentive system with the outcomes that matter most to shareholders. Our remuneration policy links pay directly to growth, margin and cash performance, with long-term incentives tied to achieving top-third Total Shareholder Returns versus peers. Clear measures, transparent goals and accountability at every level ensure Unilever rewards performance that delivers lasting value.

We’ve built a new generation of leaders — diverse, bold and high-performing — driving change now with focus and accountability. This team blends deep Unilever experience with fresh external talent, bringing new skills and sharper decision-making to every Business Group. Leadership accountability is clear, with 44 fully empowered P&L owners responsible for outcomes in every market. Supported by new talent systems, broader incentive ranges for real differentiation and market-based benchmarking, our leaders are creating a faster, more competitive Unilever — built to perform today and ready to lead into the future.

We’re building an organisation fit for the age of AI — faster, smarter and more connected. In marketing, our teams are leveraging real-time insights to turn cultural moments into sales at scale. In supply chain, predictive platforms and automation are improving agility, efficiency and customer experience. And across the business, new digital tools are equipping our people with future-fit skills — making Unilever smarter, faster and ready to win.
Unilever’s value creation model is built on consistent volume-led growth, disciplined gross margin expansion, and strong cash generation — driving top-third shareholder returns over time.
Our medium-term algorithm targets underlying sales growth in the mid-single digits, underpinned by at least 2% volume growth and modest, steady improvement in operating margin.
This performance will be fuelled by gross margin expansion — through mix improvement, premiumisation, productivity and cost discipline — while continuing to invest strongly behind our brands and innovation.
With a structurally higher-margin portfolio, robust free cash flow, and a commitment to capital efficiency, Unilever is positioned to deliver sustainable, high-quality value creation for shareholders, with sustainability embedded in how we grow — focused on four priorities where we can have the greatest impact: Climate, Nature, Plastics and Livelihoods. By targeting these areas, we are strengthening competitiveness and resilience while delivering impact at scale.

The diagram presents Unilever’s value creation plan. At the top, the headline reads: “Deliver absolute profit growth in line with top ⅓ TSR ambition.” The plan is structured into three layers:
Growth algorithm:
Cash generation:
Capital allocation:
The visual conveys a clear roadmap linking growth, margin improvement, and disciplined capital allocation to strong shareholder returns.

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Applies post Ice Cream separation.
TSR peers for Remuneration: Beiersdorf, Church & Dwight, Coca-Cola, Colgate-Palmolive, Danone, Estée Lauder, General Mills, Haleon, Henkel, Kenvue, Kimberly-Clark, Kraft Heinz, L'Oréal, Mondelēz, Nestlé, PepsiCo, Procter & Gamble, Reckitt Benckiser.
Underlying ROIC (return on invested capital) = Underlying operating profit after tax / annual average invested capital
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