Unilever Nigeria Plc has delivered a strong start to the 2026 financial year, posting a 26 percent increase in revenue to N59.2 billion for the first quarter ended March 31, 2026, compared to N46.9 billion in the corresponding period of 2025.
The fast-moving consumer goods (FMCG) giant also recorded robust profitability gains, with operating profit rising by 39 percent to N11.5 billion from N8.3 billion a year earlier. Net profit climbed 26 percent to N7.0 billion, underscoring sustained earnings resilience amid Nigeria’s challenging macroeconomic environment.
Speaking on the results, Managing Director Tobi Adeniyi described the performance as a continuation of the company’s growth trajectory.
“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. Growth in the quarter was driven primarily by increased volume, underpinned by innovation and strong marketplace execution,” Adeniyi said.
The company’s volume-led growth highlights improving consumer demand and effective go-to-market strategies, even as inflationary pressures and currency volatility continue to shape Nigeria’s consumer landscape.
Adeniyi emphasised that operational discipline remains central to the company’s strategy, noting that Unilever Nigeria is focused on delivering sustainable value while strengthening brand equity.
“We will continue to elevate the consumer experience while reinforcing a ‘play-to-win’ culture—winning with Nigerians, strengthening the desirability of our brands, and executing with speed and excellence across all categories,” he added.
With over a century of manufacturing presence in Nigeria, Unilever Nigeria remains one of the country’s most established consumer goods companies. Its portfolio includes household names such as Closeup, Pepsodent, Vaseline, Rexona, Knorr, Royco, and Pears.
Globally, parent company Unilever operates in more than 190 countries, with products used by approximately 3.4 billion people daily. Locally, the Nigerian subsidiary’s latest results reinforce its positioning in a competitive FMCG sector, where innovation, affordability, and distribution efficiency remain critical success factors.
