Nestle and Unilever grocery giants report contrasting fortunes in first three months of year 

The consumer product firms had hiked prices during the cost-of-living crisis

Unilever makes a huge range of grocery and confectionery products.

Europe's largest grocery and food giants, Unilever and Nestle have had contrasting fortunes in recent months despite both firms having hiked prices during the cost-of-living crisis, their latest results reveal.

Unilever — which makes a huge range of grocery items including Hellmann's, Domestos, Cif,  Lifebuoy, and Sunsilk soaps, as well as the Magnum and Ben & Jerry's ice creams it is in the process of separating out from the rest of the business — said all five of its divisions helped boost revenues to €15bn in the first three months of the year.