Unilever Nigeria Plc has reported a strong start to 2026, posting double-digit growth across key performance indicators in its unaudited results for the first quarter ended March 31.
The company recorded a 26 per cent increase in revenue to ₦59.2 billion, up from ₦46.9 billion in the corresponding period of 2025. Operating profit rose even faster, climbing 39 per cent to ₦11.5 billion from ₦8.3 billion, while net profit grew by 26 per cent to ₦7.0 billion.
Tobi Adeniyi, Managing Director, described the performance as a continuation of the company’s strong momentum from the previous year.
“Our Q1 2026 results represent a solid start and a clear indication that the growth trajectory achieved in 2025 is being sustained,” he said.
The company attributed the performance largely to increased sales volumes, supported by product innovation and improved market execution. Management also highlighted its focus on operational discipline and value creation as key drivers of the results.
Adeniyi noted that the company remains committed to enhancing consumer experience while strengthening the appeal of its brands in an increasingly competitive market.
With a long-standing manufacturing presence in Nigeria, Unilever said it will continue to build on its legacy of quality and trust, while pursuing a “play-to-win” strategy aimed at deepening market relevance and driving sustainable growth across its product categories.
