The Nigerian consumer goods sector posted impressive sales in 2025, with the top 10 companies generating a combined N7.07 trillion in revenue.
This represented N1.56 trillion, or 28%, growth over 2024’s N5.51 trillion, signalling strong product demand across the market.
The 2025 revenue accounted for 98% of the total N7.2 trillion reported by all 14 companies tracked by the NGX Consumer Goods Index.
Efficient operations and lower foreign exchange losses enabled these companies to convert robust revenue into meaningful profitability at the bottom line.
Hence, the top 10 companies recorded a cumulative pre-tax profit of N1.007 trillion, rebounding from a N702.59 billion loss in 2024.
The strong performance likely fueled bullish sentiment, as the NGX Consumer Goods Index surged 129.6%, reflecting growing investor confidence over the period.
For this analysis, consumer goods companies are ranked by their 12-month revenue ending in any month in 2025, reflecting one full financial year. Here’s the list:
PZ Cussons ranked 7th, reporting revenue of N212.6 billion in its audited financial year ended May 31, 2025, up from N152.2 billion in 2024, driven largely by home and personal care sales of N126 billion.
Durable electronic appliances contributed N86.5 billion, while the cost of sales jumped 57.9% to N154.9 billion, leaving gross profit at N57.7 billion, a modest 6.6% year-on-year improvement.
Selling and distribution costs rose to N17.8 billion, and administrative expenses to N14.7 billion, but sharply lower foreign exchange losses left operating profit at N18.9 billion, reversing the prior year’s loss.
Finance costs eased slightly to N3.6 billion, lifting pre-tax profit to N16.6 billion, while total assets grew to N168.9 billion.
Equity remained negative at N17.3 billion, improving from N27.5 billion, with accumulated losses of N38.7 billion still weighing heavily.
However, PZ Cussons’ shares delivered an 82.5% return in 2025, already up 68% year-to-date in 2026.
