Unilever Caribbean Limited (UCL) has almost doubled its profits for the six month period ended June 3, 2026.
The company reported that its profit after tax grew by 86.2 per cent to $46.75 million compared to $25.10 million for the half year period and by 46.4 per cent to $13.02 million up in second quarter compared to $8.89 million in Q2 2025. Chair Daniela Bucaro said revenue from continuing operations more than doubled compared to the prior year period.
Bucaro said, “The results reflect the strength of the company’s brand portfolio, disciplined commercial execution, and the continued contribution of export markets to volume growth. Revenue from continuing operations increased by 53.5 per cent year-on-year to $157.7m (H1 2025: $102.7m), driven by strong performance across strategic categories and accelerated growth in the second quarter. Q2 2026 revenue of $87.6 million represented a 109.3 per cent increase compared to Q2 2025.”
The Unilever chair explained the company built on the export business momentum particularly in beauty and personal care, stating that export markets, continued to serve as the principal growth engine.
The company recorded 101.2 per cent growth for the period, with Bucaro pointing to strength in core brands including Axe, Dove, Degree, Tresemmé and Vaseline while Home Care and Foods categories delivered a modest performance, supported by strong margins despite a reduced consumer demand.
Bucaro said, “The company maintained a strong liquidity position throughout the period through disciplined working capital management and prudent cash flow oversight.”
