Unilever steps up pricing as it continues to deliver strong underlying sales growth

As a result of rising costs across the global food supply chain, Unilever’s pricing increased 1% in Q1 2021 and 1.6% in Q2 2021, noted Unilever CFO Graeme Pitkethly in the company’s H1 2021 earnings call, who warned of further price increases for the rest of the year.

“We are stepping up pricing in response to rising commodity inflation. Price growth in the month of June was 2.2%. We expect this acceleration to continue into the second half,”​ said Pitkethly. 

Despite increased pricing being a contributing factor to the company’s H1 2021 growth numbers, Unilever reported first half underlying sales growth of 5.4%, with volume growth of 4% and 1.4% from price.

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