Unilever Nigeria revenue rises to N59.2 billion, profit reaches N11.5 billion in three months

Unilever Nigeria Plc has recorded a strong start to 2026, with unaudited results for the first quarter ended March 31 showing continued double-digit growth across all key performance indicators.

The company reported a 26% increase in revenue to ₦59.2 billion, compared to ₦46.9 billion in the corresponding period of 2025. Operating profit increased 39% to ₦11.5 billion, compared to ₦8.3 billion a year earlier, while net profit also grew 26% to ₦7.0 billion.

Commenting on the results, Chief Executive Officer Tobi Adeniyi, described the performance as a strong continuation of the growth momentum seen in 2025.

“Our first quarter 2026 results represent a solid start to the year and demonstrate that momentum from last year is sustained. Growth in the quarter was largely driven by increased volumes, supported by innovation and strong market execution,” he said.

He added that the company remains focused on delivering value through operational efficiency and disciplined execution.

Adeniyi further noted that the company will continue to enhance the consumer experience while strengthening its brand portfolio and market positioning.

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

With over a century of manufacturing presence in Nigeria, the company says its products continue to reflect a legacy of quality and trust, as it remains committed to improving everyday lives through its diverse range of household brands.

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