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In the first half of 2025, the consumer goods sector emerged as the strongest performer on the Nigerian Stock Market, surging by 52.21% and pushing the banking sector to second place with an 18.06% gain.
Tracked by the NGX Consumer Goods Index, the sector gained 904.2 points, leaping from 1,731.7 to break past the 2,000 mark, before closing June at 2,635.9.
The rally was not just about rising prices as trading activity also increased, with the sector recording a market volume of 4.4 billion shares, the highest half-year total since 2013.
As analysts had expected, the sector surged as investor confidence grew, driven by a return to profitability in many consumer goods companies, supported by a stable exchange rate and lower inflation.
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This return likely triggered increased investor interest, resulting in strong price movements and high market participation seen during the half-year period.
Below are the top 10 performing among all profitable consumer goods companies in H1 2025.
PZ Cussons Nigeria Plc (56.4%)
PZ Cussons ranks 10th with a half-year share price gain of 56.4%. The stock began the year at N24.30 and climbed to N38, reporting a trading volume of 190 million shares.
Most of the rally occurred in the first quarter of 2025, likely spurred by news that the company would convert $34.26 million of its outstanding loan into equity, an effort to cut debt and strengthen its balance sheet.
February marked the peak of this momentum, standing out as its best-performing month so far.
Nestle Nigeria Plc (65.7%)
Nestle Nigeria comes in 9th with a solid 65.7% gain in H1 2025.
Starting the year at N875, it closed June at N1,450, moving over 16.7 million shares. The most significant push came in May, when the stock gained 44.6%.
That surge likely followed investor reaction to the company’s Q1 2025 result, which showed a sharp turnaround.
- The company swung from a N196 billion pre-tax loss in Q1 2024 to a N51.1 billion profit, driven by strong revenue and reduced finance costs from FX losses.
Nigerian Breweries Plc (84.4%)
With an 84.4% return, Nigerian Breweries ranks 8th among the top consumer goods performers of H1 2025.
The stock jumped from N32 to N59, trading over 1 billion shares. It saw its strongest move in May, up 32.6%.
This performance was likely linked to the company’s Q1 results released in late April, where it posted a N69.9 billion pre-tax profit, a recovery from a N65.5 billion loss the previous year, driven by revenue growth and reduced FX losses.
Cadbury Nigeria Plc (93.0%)
Cadbury came in 7th with a strong 93.0% gain in the first half of the year.
From N21.50, the stock rose to N41.50, with over 191 million shares traded. Most of that growth happened in Q2, when the stock surged 76.2%.
The movement likely followed its Q1 earnings report (released April 28), which revealed a turnaround from a N10.4 billion loss to an N8.5 billion pre-tax profit, supported by revenue growth and reduced FX losses.
NASCON Allied Industries (136.7%)
NASCON secured the 6th position with a 136.7% return over the half-year.
Opening at N30, the stock soared to N71 by June, trading 347.3 million shares. It ended every month in the green, with the largest jump of 19.33% recorded in June.
The rally was likely fueled by a strong Q1 performance: Pre-tax profit rose to N11.3 billion from N1.8 billion in 2024, as revenue surged 77.2% to N41.8 billion.
Northern Nigerian Flour Mills (146.0%)
NNFM delivered a 146.0% return, earning it the 5th position among the top-performing consumer goods stocks.
Its share price rose from N43.90 to N108, with more than 40 million shares traded. The stock’s standout period was May, with an 85.2% gain.
The rally likely followed investor reaction to the company’s dividend declaration of 25 kobo per 50 kobo share and a 25% rise in pre-tax profit to N2.8 billion for the financial year ended March 31, 2025.
Champion Breweries Plc (162.5%)
Champion Breweries surged 162.5%, placing 4th among the most profitable consumer goods stocks in H1 2025.
From N3.81 in January, the stock hit N10.00 by June, with over 907 million shares traded. The steepest ascent came in May and June, as price broke through N6, rallying to the N10 mark.
The surge was likely driven by positive reaction to the company’s Q1 2025 results, which showed 93.8% revenue growth and a rebound to N1.7 billion pre-tax profit, from a N798.4 million loss the year before.
International Breweries Plc (167.3%)
International Breweries takes 3rd place with a 167.3% return in H1 2025.
The stock rose from N5.20 to N13.90, with a trading volume of over 364 million shares. Most of the gains came in Q2, following the company’s late-April earnings release.
That report likely triggered the rally, as the brewer reversed an N89.3 billion pre-tax loss from Q1 2024 into a N35 billion profit, supported by strong revenue growth and a major reduction in FX losses.
Vitafoam Nigeria Plc (217.6%)
Vitafoam takes 2nd place with an explosive 217.6% return in the first six months of 2025.
The stock jumped from N23.30 to N74.00, moving over 171.7 million shares. Most of that momentum came in Q2, likely following its half-year report for the period ended March 2025.
That report showed revenue up 37.3% to N56.7 billion, and a dramatic swing to a N9.8 billion pre-tax profit from a N5 billion loss, likely encouraging investor inflows.
Honeywell Flour Mills Plc (218.5%)
At the top of the list is Honeywell, with a remarkable 218.5% return, the best among consumer goods stocks in H1 2025.
Its price surged from N6.75 to N21.50, with a trading volume exceeding 632 million shares. Though February brought a 43% gain, May was the standout month, with a 61.5% jump that pushed the stock past N20.
The rally followed the release of Honeywell’s audited results for the year ended March 31, 2025, showing a rebound from an N8.5 billion loss to a N21.1 billion pre-tax profit, with revenue up 98% and shareholder equity up 65%.
