Unilever posts 26% revenue growth in first quarter

Unilever Nigeria Plc has recorded a 26 percent revenue increase to N59.2 billion for the quarter ended March 31, 2026 from N46.9 billion in the corresponding period of 2025.

It disclosed this in its unaudited financial results for the first quarter of the year sent to the Nigerian Exchange Limited on Thursday.

The company’s operating profit rose by 39 percent to N11.5 billion, up from N8.3 billion in the prior year, while net profit increased by 26 percent to N7 billion.

Commenting on the performance, the Managing Director, Tobi Adeniyi, said that the 2026 first quarter results represented a strong start in the year.

Adeniyi said: “It is 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.

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“This performance reflects our continued operational discipline and commitment to delivering sustainable value.

“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 and desirability of our brands and executing with speed and excellence across all categories.”

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