Unilever Nigeria posts N59.2bn revenue

Unilever Nigeria Plc has sustained its double-digit growth momentum into the 2026 financial year, delivering a 26 per cent increase in revenue for the first quarter ended 31 March 2026.

According to the company’s unaudited financial results, revenue rose to N59.2bn, up from the N46.9bn recorded during the same period in 2025. The consumer goods giant also reported a significant leap in profitability, with operating profit rising 39 per cent to N11.5bn, while net profit grew 26 per cent to reach N7.0bn.

The performance underscores the company’s resilience in a competitive market, driven by what it described as strategic innovation and robust marketplace execution across its diverse product categories.

Commenting on the financial results, the Managing Director of Unilever Nigeria, Tobi Adeniyi, stated that the figures represent a solid foundation for the remainder of the year.

“Our Q1 2026 results represent a strong start to the year and a clear signal that the momentum we delivered in 2025 is being sustained,” Adeniyi remarked.

“Growth in the quarter was driven primarily by increased volume, underpinned by innovation and strong marketplace execution. This performance reflects our continued operational discipline and commitment to delivering sustainable value,” he added.

The Managing Director further emphasised that the company would remain focused on its consumer-centric strategy to maintain its market leadership.

“We will continue to elevate the consumer experience while reinforcing a ‘play-to-win’ culture where we focus on winning with Nigerians. We are strengthening the proposition and desirability of our brands and executing with speed and excellence across all categories,” he said.

The company, which serves over 3.4 billion people globally through its parent organisation, reiterated its dedication to the Nigerian market despite prevailing economic shifts.

Market analysts observe that Unilever’s ability to drive volume growth, rather than relying solely on price increases, indicates a strengthening of brand loyalty among Nigerian households. The firm maintains that its legacy of quality and trust remains the bedrock of its long-term commitment to brightening everyday life for its consumers.