Unilever Nigeria Plc has announced its unaudited financial results for the first quarter ended 31 March 2026, delivering a 26% increase in revenue to ₦59.2 billion, compared to ₦46.9 billion in the same period last year.
Operating profit rose by 39% to ₦11.5 billion, up from ₦8.3 billion in the prior year, while net profit increased by 26% to ₦7.0 billion.
Commenting on the performance, the Managing Director, Tobi Adeniyi, remarked, “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. This performance reflects our continued operational discipline and commitment to delivering sustainable value.”
He added “We will continue to elevate the consumer experience while reinforcing a ‘play-to-win’ culture where we focus on winning with Nigerians, strengthening the proposition & desirability of our brands, and executing with speed & excellence across all categories.” With over a century of manufacturing heritage in Nigeria, every Unilever product reflects a legacy of quality and trust. Through their portfolio of beloved brands, the company reaffirms its commitment to brighten everyday life for all.
About Unilever:
Unilever is one of the world’s leading suppliers of Personal Care, Beauty & Wellbeing, and Foods products, with sales in over 190 countries and products used by 3.4 billion people every day. Unilever Nigeria is a locally listed business that has been operating for over 100 years selling brands such as Closeup, Pepsodent, Vaseline, Rexona, Knorr, Royco and Pears.
Further Information:
Please contact –
Zainab Obagun
Media.enquiryng@unilever.com
+234 907 974 6267
Double-digit growth sounds impressive. Any specific strategies they mentioned that contributed to this?