UBS Expects Unilever to Deliver Q3 Underlying Sales Growth Beat

03:54 AM EDT, 10/27/2026 (MT Newswires) -- UBS Global Research expects Unilever (ULVR.L, UNA.AS) to report 5% underlying sales growth for the third quarter, slightly below the previous quarter's 5.8% yet above the Visible Alpha consensus estimate of 4.46%. "As was the case in H1, we expect Q3 USG to be volume led, as we model +3.2% UVG (was +5.5% in Q2, VA cons for 2.2%); in the quarter, Unilever will continue to face a favorable volume comparator in Latin America (14% of sales, UVG down -7.3% in Q3 last year) and in India (13% of sales, flat UVG in Q3 2025 due GST disruptions)," according to a third-quarter earnings preview report on Monday. Ahead of the consumer goods giant's third-quarter trading update on Wednesday, the research firm projects a 5.5% year-over-year increase in group sales to 13.12 billion euros for the three-month period, factoring in an expected 0.2% boost each from currency movements and mergers and acquisitions. Meanwhile, UBS forecasts underlying price growth will be "materially up sequentially" at 1.7%, compared with the 0.2% in the second quarter and the market forecast of 2.25%, reflecting price hikes in home care and personal care due to higher commodity costs.