Our financial results for the first half of 2024 show that our volume growth has continued to improve. Here’s a look at some of the brands, categories and innovations driving that momentum.

Our results for the first half of 2024 – which we announced on 25 July – show underlying sales growth of 4.1%, with volumes up 2.6%. We delivered our third consecutive quarter of positive, improving volume growth: up 2.9% in Q2 from 2.2% in Q1 and 1.8% in Q4 2023.

Our power brands – which now account for around 75% of Group turnover – performed strongly, with 5.7% underlying sales growth, driven by volume growth of 4.0%.

Here’s a look at the results highlights from each business group, and how innovation from our brands is driving performance.

Hair Care
Hair Care delivered mid-single digit growth with positive volume and price. Our largest hair care brand, Sunsilk, grew double digit; supported by combing cream innovations across Latin America and the continued success of its 2023 relaunch. Dove grew high single digit, led by volume growth following the launch of Scalp + Hair Therapy, for improved scalp health and hair density. Clear and TRESemmé grew well with the continued expansion of our patented anti-dandruff shampoo and our new Lamellar Shine range.

Skin Care
Core Skin Care grew mid-single digit, led by strong volume growth in our top brands. Vaseline grew strong double digit, supported by its premium ranges, including Radiant X and Gluta Hya, which continue to be rolled out to new markets. Pond’s continued to deliver high single-digit growth, led by volume, following its 2023 relaunch.

Health & Wellbeing and Prestige Beauty
Health & Wellbeing and Prestige Beauty combined delivered double-digit growth for the 14th consecutive quarter. This was led by very strong growth in Health & Wellbeing, while softer growth in Prestige Beauty reflected a slowdown in the US beauty market. Liquid IV grew strong double digit with the continued success of its sugar-free variant, launch of new flavours supported by prominent social media campaigns and ongoing international roll-out.

Olly and Nutrafol contributed double-digit volume growth. In H1, Nutrafol extended into skin care with a daily supplement designed to address the root causes of acne and Olly drove good growth in China, supported by its focus on female health supplements. Tatcha and Hourglass grew double digit, while Paula’s Choice was affected by the market slowdown.

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