Unilever Nigeria has delivered a strong opening to the 2026 financial year, posting significant growth in revenue and profitability for the first quarter, driven by improved sales performance and operational efficiency.
The company recorded revenue of ₦59.2 billion for the period ended March 31, 2026, reflecting a 26 percent increase compared to ₦46.9 billion reported in the same period of 2025. The performance highlights sustained demand across its product portfolio and strengthened market execution.
Brandspur Brand News reports that operating profit rose sharply by 39 percent to ₦11.5 billion, while profit after tax climbed 26 percent to ₦7.0 billion, underscoring improved cost management and enhanced margins. The growth trajectory signals continued recovery momentum following the company’s performance in the previous financial year.
Commenting on the results, Managing Director Tobi Adeniyi noted that the strong quarterly outcome reflects the resilience of the company’s strategy and its focus on disciplined execution. He added that the business remains committed to delivering long-term value through innovation and deeper consumer engagement.
The results also indicate that efficiency measures are yielding positive outcomes, with profitability expanding faster than revenue. Analysts say this reflects stronger internal controls and improved operational discipline amid a competitive fast-moving consumer goods landscape.
With a long-standing presence in Nigeria and a diverse portfolio spanning home care and personal care products, Unilever Nigeria is expected to maintain its growth momentum as it continues to strengthen brand positioning and expand market reach throughout the year.
